Belmont recent sale data and analysis 09/18/2008

This mainly keeps track of the entry level SFR in Belmont

Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above, under $1M

Sale data in the last 3 months in Belmont as of 09/18/2008

Sale data in the last 3 months in Belmont as of 09/18/2008

Sale Date

no. of sale

min. price

max. price

avg. pr/sq ft

Sept-07

5

$705,000

$980,000

$528.82

Oct-07

9

$650,000

$932,000

$604.76

Nov-07

4

$710,000

$865,000

$648.68

Dec-07

4

$707,000

$855,000

$619.09

Jan-08

2

$615,000

$725,000

$551.05

Feb-08

5

$910,000

$969,000

$602.98

Mar-08

16

$610,000

$1,000,000

$551.50

Apr-08

6

$590,000

$1,000,000

$471.82

May-08

11

$599,888

$979,000

$549.85

Jun-08

16

$660,000

$955,000

$578.79

The Belmont market has become active since March 2008.  The inventory level remains low, please check out Market Condition in Bay Area – 9/16/2008.  Overall residents in Belmont are wealthy, not much short sale or REO listings.  People in Belmont can wait till the market come back, they are not in a rush to sell, so the price doesn’t go down by that much.  The average price / sq ft is fluctuating.

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