Price Increases
Prices have gone up in Belmont! Many homes are getting multiple offers, selling within a week or two. Inventory of single-family homes was down to 10 last month, today we are up to 20, yesterday there were 24. The bottom price is $768,000; the top asking price is $1,900,000. Over half offered for sale have been on the market 10 days or less; and all but three for less than a month.
Isn't that amazing! Only three homes of the 10 available last month 3/24/13 are still offered for sale. A total of 33 are pending sale, and 19 have sold. So we had homes come on the market and get snatched up within a few days. With few exceptions, these homes sold for thousands over the asking price. Homes sold in Belmont since 3/24/13 up to today:
912 OAK KNOLL DR Asked $874,888 Sold for $1,048,888 $174,000 over
2225 SEMERIA AVE $959,000 $1,150,000
665 SOUTH RD $1,775,000 $1,825,000
1020 TAHOE DR $849,000 $1,005,000
1432 SIXTH AVE $799,000 $955,000
1506 WINDING WAY $880,000 $985,000
1405 ARDEN LN $1,150,000 $1,215,000
2 LYNDHURST CT $1,188,000 $1,350,000
1521 VINE ST $1,450,000 $1,525,000
318 CHESTERTON AVE $729,750 $680,000
823 RUTH AVE $749,000 $850,000
603 HILLER ST $799,000 $840,000
1556 SIXTH AVE $1,795,000 $1,545,000
1420 PALOMA AVE $1,375,000 $1,464,000
3411 PLATEAU DR $1,038,888 $1,050,000
3852 W NAUGHTON AVE $1,195,000 $1,251,000
1617 SUNNYSLOPE AVE $1,049,000 $1,020,000
2412 LINCOLN AVE $849,000 $958,000
6 FOLGER CT $1,150,000 $1,250,000
Averages $1,087,080 $1,156,152 Average $69,072 over
That comes to an average increase of 6.35%
Isn't that amazing! Only three homes of the 10 available last month 3/24/13 are still offered for sale. A total of 33 are pending sale, and 19 have sold. So we had homes come on the market and get snatched up within a few days. With few exceptions, these homes sold for thousands over the asking price. Homes sold in Belmont since 3/24/13 up to today:
912 OAK KNOLL DR Asked $874,888 Sold for $1,048,888 $174,000 over
2225 SEMERIA AVE $959,000 $1,150,000
665 SOUTH RD $1,775,000 $1,825,000
1020 TAHOE DR $849,000 $1,005,000
1432 SIXTH AVE $799,000 $955,000
1506 WINDING WAY $880,000 $985,000
1405 ARDEN LN $1,150,000 $1,215,000
2 LYNDHURST CT $1,188,000 $1,350,000
1521 VINE ST $1,450,000 $1,525,000
318 CHESTERTON AVE $729,750 $680,000
823 RUTH AVE $749,000 $850,000
603 HILLER ST $799,000 $840,000
1556 SIXTH AVE $1,795,000 $1,545,000
1420 PALOMA AVE $1,375,000 $1,464,000
3411 PLATEAU DR $1,038,888 $1,050,000
3852 W NAUGHTON AVE $1,195,000 $1,251,000
1617 SUNNYSLOPE AVE $1,049,000 $1,020,000
2412 LINCOLN AVE $849,000 $958,000
6 FOLGER CT $1,150,000 $1,250,000
Averages $1,087,080 $1,156,152 Average $69,072 over
That comes to an average increase of 6.35%