How's the Market in Belmont, CA 94002?
By Lottie Kendall, Helping make your real estate dreams a reality
(Compass)
"How's the market" is a question I hear a lot, so let's take a look at what's going on in Belmont, a city with roughly 26,700 residents: As of Thursday, on our Multiple Listing Service we had: Single Family Homes: 5 Active listings, with a median list price of $1,488,000 18 Pending sales 26 Closed sales in the last 30 days, 25 of which sold for over asking Condos/Townhouses: 0 Active listings 3 Pending sales 4 Closed sales in the last 30 days; 3 sold over asking; 1 at asking We're definitely in a strong sellers' market, and definitely need more inventory to accommodate the demand from buyers. Our local economy is strong and growing; demand from Pacific Rim countries continues. In short, people want to live here and we need housing for them.
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