Belmont Real Estate Market Report - San Mateo, California
Belmont, California - San Mateo

Market Commentary Provided by The Bryce Cook Group

  Report Date   Winter 2010  
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  Nearest Metro Area   San Francisco
  Buyers’ or Sellers’ Market   More buyers than sellers
  Average Time on Market   30-60 days
  Market Trend   Decreasing
  Housing Inventory   Limited Supply
  Average Home Price   $900,000 - View Graph Trend
  Best Selling Price Range   $850,000 - $899,000
  Worst Selling Price Range   $250,000 - $299,000
  Compared to Last Year   Down 0-5%
  Prices As % of Asking Price   85-90%
  Multiple Offers?   No
  Greatest Activity   Repeat Buyers
  Buyer Activity for the past 90 days in Belmont is   Decreasing
  Seller Activity for the past 90 days in Belmont is   Increasing
  Is Financing Available For Qualified Buyers in Belmont?   Yes
  Existing Home Prices for the past 90 days are   Decreasing
  What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?   5-10%
  Housing Hot Spots  
  Reason to Buy/Sell   With a very limited supply of new homes on the market withing the last 90 days (14); average days on market is 36. A good time to put your home for sale in a Buyers Market.
  Average Sold Price   $900,000 - View Graph Trend
 
       
       
  National Real Estate Market    
  National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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