Belmont Real Estate Market Report - San Mateo, California
Belmont, California - San Mateo
| Market Commentary Provided by The Bryce Cook Group It is a GREAT TIME TO BUY as well as to sell. Sellers can pick up any losses that they may incur by selling their properties on the other end when they repurchase due to price reductions as well as a Large Inventory Selection. |
| Report Date | Fall 2009 |
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The Bryce Cook Group
RE/MAX Today San Carlos, California 650-642-5325 BryceCookGroup@agents.househunt.com Agent Home Page  |
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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 | Increasing | ||||
| Housing Inventory | Very tight market | ||||
| Average Home Price | $1,000,000 - View Graph Trend | ||||
| Best Selling Price Range | $850,000 - $899,000 | ||||
| Worst Selling Price Range | $200,000 - $249,000 | ||||
| Compared to Last Year | Up 5-10% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Belmont is | Increasing | ||||
| Seller Activity for the past 90 days in Belmont is | Decreasing | ||||
| Is Financing Available For Qualified Buyers in Belmont? | Yes | ||||
| Existing Home Prices for the past 90 days are | Increasing | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | |||||
| Reason to Buy/Sell | Belmont is a sought after location in the Peninsula. Higher end homes. | ||||
| Average Sold Price | $1,000,000 - 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. Click here for full article... |
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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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