Belmont Real Estate Market Conditions & Reports, Belmont Market Trends, California

Market Commentary Provided by The Bryce Cook Group

Report Date

Winter 2010

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The Bryce Cook Group
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San Carlos, California
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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?

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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