Carlmont and McDougal Schools (Sunny Slope and Chula Vista) Belmont Real Estate Price Report

How’s the Real Estate Market in Belmont?

For this Belmont, CA neighborhood market report, we’ll only look at homes in the Carlmont and McDougalSchools neighbohoods of Belmont, CA during the time period August 4, 2009 through November 4th, 2009.

Belmont CA Neighborhoods Included in this Market Report

The Carlmont and McDougal Schools neighborhoods of Belmont, CA are included in this market report. These neighborhoods belong to the Sunny Slope and Chula Vista Belmont neighborhood associations.

Boundaries

El Camino Real (east), Ralston Ave (north), Alameda de las Pulgas (west), City of San Carlos (south)

Factoids About Belmont CA

In May, 2009, Belmont, California was ranked 11th on Forbes list of “America’s Top 25 Towns to Live Well.”

Schools Serving Carlmont and McDougal Schools

School boundaries change from year to year. To find out the boundaries, visit the Belmont-Redwood Schools School District website, http://brssd.org.

Carlmont High School and Ralston Middle School are located in Belmont and are both Distinguished California Schools.

Let’s Look at the Numbers

Number of homes sold with and without price reductions in Carlmont and McDougal Schools Between August 4th, 2009 and November 4th 2009.

Note: PR = Price Reduction

Number of homes sold for more, less or at the original list price in less than 30 days or in 31 days or more.

OLP = Original List Price, the price the home was listed for when it first came on the market

Number of homes on that were taken off the market during this time period. Taken off the market could mean expired, canceled or withdrawn. Exipred is when the listing period lapses without producing a sale, withdrawn or canceled is when the seller decides to remove the home from the market before the time period in the listing lapses.

The one home that was taken off the market was relisted. It spent 255 days on the market during its first listing period.

Number of homes that were taken off the market during this time period that have been on the market 30 days or less and those that have been on the market 31 days or more at less than, equal to or greater than their original list price.

Active Listings = Number of homes currently listed for sale on the market

Number of homes actively listed on the market for 30 days or less and 31 days or more at a price less than, equal to and more than their original list price.

Carlmont and McDougal Schools Market Report Executive Summary

Homes Sold Between August 4th, 2009 and November 4th, 2009.

• Only 3 homes – all 3 bedrooms – sold within the past 90 days as compared to the 55 single family homes that sold in the entire City of Belmont during that same period.
  
• 17 of the 203 homes sold in Belmont (8.37%) in the last 12 months were in this market area
  
• 1 of the 3 homeowners had to reduce the price after 31 days on the market to secure a buyer
  
• Homes are in short supply in Belmont’s Carlmont and McDougal neighborhoods
  

What about Homes that Did Not Sell?

These are homes whose listings were withdrawn, cancelled or expired. The market has rejected these homes based upon their location, condition and price.

• 1 home – on the market for 255 days – was taken off the market by the owner indicating the market’s rejection of the location and condition versus the price
  

What about Homes that Have Sold But Haven’t Yet Closed (Pending Sales)?

These are homes who are under contract, but haven’t yet closed escrow.

• 1 – 3 bedroom – home which was on the market for less than 30 days with no price reduction is currently a pending sale
  

Homes Currently on the Market (Active Listings)

These homes are currently listed for sale and have not accepted a contract.

• 4 homes are currently for sale; 3 for more than 31 days with price reductions for 2 of 3
  

What Do the Market Statistics Mean to Belmont Home Sellers?

Recognize that while homes in the Carlmont and McDougal Schools area of Belmont are fewer, on a relative basis, fewer buyers want to purchase here. A unique blend of mixed usage and hillside sites limit the desirability of this area. Price becomes very important. Carefully compare – as every buyer does – how your home compares with the other homes for sale in Belmont. Be sure to factor in the school quality, the use ability of your lot, the noise, the congestion in your location and set your price according. The market will tell you whether you are right…or not.

What Do the Market Statistics Mean to Belmont Home Buyers?

Homes in this market area of Belmont are – and will always be – in short supply. There are fewer single family homes because the multi-family and commercial properties dilute the single family home supply and the area’s unique topography contributes as well. Choices are fewer here, so a buyer may be well advised to carefully compare the benefits of homes in the Carlmont and McDougal Schools areas to other areas in Belmont. Because inventory is generally so lean in this market area, statistics, such as, median and average price, days on market and inventory levels are statistically insignificant. Direct comparison is a more meaningful way for home buyers to develop insights to other Belmont homes. That will go a long way to help find the most suitable home at the best price possible. The top end of this market is less so expecting a huge leap in appreciation beyond what other another Belmont area might experience is probably not in the cards for the foreseeable future.

Would You Like More Information About These Belmont Neighborhoods?

Thanks for reading our real estate market report for the Carlmont and McDougal Schools neighborhoods (Sunny Slope and Chula Vista Neighborhood Associations) of Belmont, CA. If you have questions or would like more information about these neighborhoods in Belmont, please contact us at (650) 655-2500 or info[@]RayChelRealtyGroup.com.

Considering a Move to One of These Belmont Neighborhoods?

Check out our Buyer Representation page to learn how our Buyer Representation Program is All About You! Then, contact us at (650) 655-2500 or info[@]RayChelRealtyGroup.com and we’ll be happy to set up a no pressure, in person consultation to discuss how we may be able to help you buy right.

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Tags: Belmont CA, Carlmont, Chula Vista, McDougal Schools, Sunny Slope