Coldwell Banker

650-533-0998

[email protected]

181 Second Avenue, #100

San Mateo

CA

USA

94401

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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%

 
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Jeannine Gerkman
Jeannine Gerkman