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 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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