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Belmont, CA Real Estate News

By Antoinette Galindo, CRS,GRI,SRES,e-PRO
(Alain Pinel Realtors )
    Antoinette Galindo | Alain Pinel Realtors | (650) 302-7411 3300 Bay Court, Belmont, CA   Simply serene this home has an ideal floor plan and is in anexcellent location.   4BR/2+1BA Single Family House   offered at $998,000 Year Built 1967 Sq Footage 2,220 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size 5,500 sqft HOA/Maint $0 per month   see additional photos below PROPERTY FEATURES Central heat Fireplace Hardwood floor Tile floor Family room Living room Office/Den Dining room Dishwasher Refrigerator Stove/Oven Microwave Stainless steel appliances Washer Dryer Laundry area - inside     ADDITIONAL PHOTOS Front of house Side of house Front door Front porch Living room Dining room Family room Bonus rm off of family ro Family room Kitchen Breakfast area Mas...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
MorganHomes.com | (650) 508-1441 | Residential Real Estate Specialists Whether you are thinking of buying or already own a home the current historically low interest rates may help you save thousands of dollars. Rates in the last week have averaged the lowest point since records were first kept over 30 years ago. Refinancing today may help you save hundreds of dollars in monthly interest payments but even more important are the long term savings. Rates are low right now because the financial crisis in Europe is driving the appetite for U.S. bonds which in turn raises the price and lowers the yield (interest) payment. And since mortgage rates roughly track the 10 Year Treasury Bond you can see where rates are headed and why. Rates are the lowest they've been-period. If you think about t...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
  SALES Home sales in Belmont held their own as 25 homes sold in the month of June. Last month as you may recall 34 homes sold, the most in as many months. In June of 2009 20 homes sold and last year there wasn't a looming deadline to close escrow for a tax credit. (click on the graphic for a full size picture) Speaking of tax credit, don't forget we've effectively extended the $8,000 tax credit by offering any first time buyer 1% of the purchase price as a credit towards their closing costs for anyone who buys a home through us and closes escrow between now and September 30th 2010. MEDIAN PRICE The median price took another jump up from $848,500 last month to $975,000-a 15% increase. The size homes which sold during the same period were about 10% larger so there was still some upward p...
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By Lottie Kendall, Helping make your real estate dreams a reality
(Compass)
Fourth of July Festivities, including an Open House in Belmont CA 94002 Sunday, July 4, will be a fun-filled day for many people on the mid-Peninsula. San Mateo County is full of wonderful celebrations like: 10:00 AM    --     Annual Parade in downtown Redwood City, CA. This is a tradition spanning generations, and a not-to-be missed event. More information: Peninsula Celebration Association's web site  http://www.parade.org/index.html 1:00 - 4:00 PM - Open House at 2448 Coronet Blvd, Belmont, CA 94002. This house is perfect for July 4 and every day, with it's barbecue-welcoming patio, fruit trees in the garden, lush front lawn, and views of the bay and East Bay hills. Come see for yourself after the parade and before the evening events. Learn more at: www.2448CoronetBlvd.com. 1:00 - 5:...
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By Lottie Kendall, Helping make your real estate dreams a reality
(Compass)
Who Can Identify This Location? Last month’s mystery photos seemed to stump a number of people, probably because they were so small. A handful  of you knew that they were pictures of the front and back sides of the Belmont Public Library on the Alameda de las Pulgas, near Carlmont Shopping Center. Congratulations to Amy Armes for recognizing the building. Not only was she the first person to answer, her name was the one drawn from the correct answers. Amy, I hope you enjoy your gift card to Citrine Bistro in downtown Redwood City.
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By Lottie Kendall, Helping make your real estate dreams a reality
(Compass)
Here are the April statistics for single-family homes in Belmont, CA 94002: 62 - Active single-family homes 14 - Homes sold 43 - Listings pending 43 - Average days on market $967,500 - Median sold price 98.26% - percent list price received Statistics gathered from MLSListings.com. For information about your specific neighborhood or for additional details, please contact me.
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Before the Super Bowl XLIV gets started we thought we’d take a look at what happened in Belmont in January 2010. We’re including two spreadsheets—one for this last January and to help put in perspective, the one from last January. Most statistics across the country point to January of 2009 as the low point for the real estate market. But what are they saying? The lowest point for sales, median price or what? Many pundits are saying that home values hit bottom in January of 2009 and in fact in many of the hardest hit areas like Phoenix that may well hold to be true. But for areas that initially fared better, indications are that the price erosion is continuing. January 2010 January 2009 (Clicking on either chart will deliver a larger picture.)  Looking at these two data samples, it’s eas...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
We thought we'd update this graph depicting the median price in several peninsula cities. Note that while in Q4 of 2007 the median price in Menlo Park was still rising, it had started to fall off dramatically in Daly City. Prices appear to have hit bottom--for now. The real estate landscape has changed so dramatically in the last few years that everything we knew about home values (and recoveries) needs to be reexamined. Could we be in for another double dip? Knowbody knows for for sure--one way of the other. It's safe to say that at some point a recovery will happen and next time it might pay to watch what is going on in other cities. Daly City seems to ge a good barometer as to where the market may he headed...  
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
We’re posting the sales for Belmont from back in July at the insistence of one of our readers (thanks for being so patient). We skipped that month since we were so busy ourselves. Quite a few buyers came out of the woodwork in July and we noticed it on one of our listings in San Carlos that had multiple offers. In our estimation, the Peninsula real estate market has not recovered significantly enough to warrant such activity but the low interest rates probably spurred people into action—all at once. At 24, July had the most sales and of any month this year.  The median price was also the highest it has been all year at $926,500. But just look at how many homes sold over a million dollars! There were some very large homes selling which definitely propped up the median price temporarily. ...
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By Phil Caulfield, I Get The Loans Done That The Big Banks Don't!
(Prosperity Home Mortgage)
There are eleven open houses scheduled in Belmont for Sunday January 10, 2010. Here is a list of these open houses for you:   515 Davey Glen Road, $1,399,000, open house from 1:30 to 4 11 English Court, $1,299,000, 1 to 4 2003 Notre Dame Avenue, $1,125,000, 2 to 4:30 3212 Upper Lock Avenue, $949,900, 1 to 4 1569 Winding Way, $939,000, 1:30 to 4:30 1210 North Road, $899,000, 1 to 4 1815 Hillman Avenue, $866,460, 1 to 3 1506 Notre Dame Avenue, $849,000, 1 to 4 2013 Lyon Avenue, $759,000 1 to 4 855 Laurel Avenue, $649,000, 1 to 4 323 Chesterton Avenue, $625,000, 1 to 4 San Carlos Open Houses    
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
"Rarely have I been held in thrall for such a sustained period of dance." Keith Kreitman, San Mateo Journal Please come join us for an Encore presentation of New Ground Dance Theatre's Premiere Production, "Earthdance." Two performances only! Ticketing Information: (650) 508-3456 or boxoffice@ndnu.edu Performances are: Friday, January 8th at 7:30pm and Saturday, January 9th at 7:30 pm This production of Earthdance is presented by Notre Dame de Namur University's Department of Theatre and Dance, and the NDNU Dorothy Stang Center for Social Justice and Community Engagement. All proceeds will benefit the NDNU Department of Theatre and Dance and the Dorothy Stang Center. Please forward this invite liberally even if you won't be joining us - perhaps a friend would like to support the work of...
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By Phil Caulfield, I Get The Loans Done That The Big Banks Don't!
(Prosperity Home Mortgage)
There will be four open houses in Belmont on Sunday, Jaunuary 3rd 2010, at the time of this writing. Here is a list of these open houses for you.   1249 North Road, $1,125,000, open 1:30 to 4:30 1569 Winding Way, $939,000, 1 to 4 2614 Ponce Avenue, $899,000, 2 to 4 400 Davey Glen Road #4610, $399,000, 2 to 4 San Carlos Open Houses Contact Me  
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Well it's another one of those tricky months where the numbers tell an inaccurate story when it comes to the value of Belmont homes. (Click on the graphic fo a full size view) MEDIAN HOME PRICE Looking at the raw numbers, the median home value in Belmont dropped from $912,500 last November to $784,000 this year. That's a whopping 14% decrease but wait-let's look at what really happened. This November Belmont had three short sales which greatly impacted the results. More importantly was that the majority of the homes sold were much smaller than they were last year. Larger homes sell for less per square foot (since land is a constant). Therefore if many smaller homes sell in a given period the price per square foot statistic will rise while the median home price will fall. Watch for this ...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
Last Weekend to see Christmas Carol "The Gift"  Seats are very limited and some shows are sold out. Don't forget to plan for the upcoming show: Christmas Carol "The Gift"  . The Theatre department at Notre Dame de Namur University in Belmont California started this wonderful production 24 years ago and it continues to be a tradition within the Bay Area community.  I have had the great pleasure of helping out with this show and seeing the cheer it brings to so many people. If you would like to see the show please visit the website:  www.christmascarolthegift.org   Ticket order forms are on the link.  Don't wait too long as the tickets go fast. Below is a little about the show.     The Story of the Gift Originally written by Dave Gahagen This is the story of a dream that came true. The id...
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By HR Dadgar
(American Dream Realty)
Belmon Home Commission Rebate $12998 Overview Maps Photos Description IDX Search $1,299,888 Single Family Home For Sale Main Features 4 Bedrooms3 BathroomsInterior: 2170 sqftLot: 6,912 sqft Location 1629 Notre Dame AvBelmon, CA 94002 HR Dadgar American Dream Realty (510) 395-1267 hr@adrealty.us http://www.fremontagents.com Our recent listings Belmon Home Commission Rebate $12998Redwood City Home Commission Rebate $17990San Bruno Home Commission Rebate $8350Daly City Home Commission Rebate $6790Foster City Home Commission Rebate $12990 Subscribe to our listing feed See more Belmon, CA real estate for sale
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Belmont closed out the month of September with less than a stellar performance. There were 18 sales which is respectable--a couple more than last month--but still shy of even a normal market. Is this still a Buyer’s market? We think so.         (Click on thechart to see an enlarged version).   Look at the percent a seller receives of their asking price. Few homes are selling over the asking price and if they are it's usually because the home is deeply discounted in the first place. Another sign is the time a home languishes on the market, as expressed in Realtor speak as D.O.M. or Days on Market. Currently it stands at 45 days with six of the sales being listed for 3/4 of a year or more. One sale had to of broken the all time record when it finally closed after being on the market 700 d...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
What's moving in Belmont Country Club (Belmont)? Street Address List Price Beds Baths Bldg SqFt Lot Size Range City Class Status KINGSTON RD $1,695,000 5 3 1/2 3001 .25+ to .5 Acre Belmont 1 1-Active NOTRE DAME AV $1,299,888 4 3 2170 6,500+ to 8,000 SqFt Belmont 1 1-Active SOUTH RD $1,298,000 4 3 2780 8,000+ SqFt to .25 Acre Belmont 1 1-Active TERRACE DR $1,287,499 4 2 1/2 2820 .25+ to .5 Acre Belmont 1 1-Active HOLLY RD $1,199,999 4 2 2225 .25+ to .5 Acre Belmont 1 1-Active ARBOR AV $1,199,000 5 3 1/2 3070 8,000+ SqFt to .25 Acre Belmont 1 1-Active N NORTH RD $1,188,888 4 3 2550 4,500+ to 6,500 SqFt Belmont 1 1-Active NORTH RD $1,188,000 4 3 1/2 2883 8,000+ SqFt to .25 Acre Belmont 1 1-Active BAYVIEW AV $1,098,000 4 2 2200 4,500+ to 6,500 SqFt Belmont 1 1-Active ANITA AV $1,069,000 4 3...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
Street Address List Price Beds Baths Bldg SqFt Lot Size Range Class Status MANCHESTER LN $898,000 4 2 1/2 1760 1 to 4,500 SqFt 1 1-Active HILLER ST $799,000 4 2 1940 6,500+ to 8,000 SqFt 1 1-Active NE WESSEX WY $775,000     0 40+ or More Acres 3 1-Active ROXBURY WY $720,000 3 2 1470 4,500+ to 6,500 SqFt 1 1-Active MIDDLESEX RD $719,950 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active CHESTERTON AV $715,000 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active YORKSHIRE WY $649,000 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active FURLONG ST $559,000 3 1 1090 4,500+ to 6,500 SqFt 1 1-Active OLD COUNTY RD #24 $549,900 3 2 1585   2 1-Active  A few properties in the Sterling Downs Belmont on the active list.  There has been some activity in the neighborhood.  With properties priced right they don't last long. If you or...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
Street Address List Price Beds Baths Bldg SqFt Lot Size Range City Status MANCHESTER LN $898,000 4 2 1/2 1760 1 to 4,500 SqFt Belmont 1-Active HILLER ST $799,000 4 2 1940 6,500+ to 8,000 SqFt Belmont 1-Active ROXBURY WY $720,000 3 2 1470 4,500+ to 6,500 SqFt Belmont 1-Active MIDDLESEX RD $719,950 3 1 1010 4,500+ to 6,500 SqFt Belmont 1-Active CHESTERTON AV $715,000 3 1 1010 4,500+ to 6,500 SqFt Belmont 1-Active ONEILL AV $599,000 3 1 1090 4,500+ to 6,500 SqFt Belmont 1-Active FURLONG ST $559,000 3 1 1090 4,500+ to 6,500 SqFt Belmont 1-Active Sterling Downs area continues to show strong signs. Very good school district and quiet neighborhood area. If you or someone is looking for a property in the Sterling Downs Area please feel free to contact me. Have a great day Jim Light  
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
It's easy to see the numbers for June are much better for sellers than they were in May. Almost all indicators are up signaling a stronger market for sellers in June as compared to last month. Looking at the same period over last year a similar pattern arises. Almost every indictor is in the seller's favor. More homes sold this June and at a faster rate. The percentage the seller received was a healthy 98% of their asking price. The month's inventory-the time it would take to sell all of the homes currently listed at the current pace of sales-has dropped to a healthy 3.1 months-far below the national average of over 10 months. Of course there's one nagging indicator which isn't easily seen, and certainly not reported by real estate groups or even the media. Although the median price is...
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