Belmont is a small communities sitting between San Mateo and San Carlos, generally up in the hills.  There are some fabulous views from some of these homes and of course, the better the view, the more the house costs.

Belmont is the home to Notre Dame de Namur University, a private Catholic co-ed university in the heart of the town.  The Belmont-Redwood Shores Elementary School District has four elementary schools and one intermediate school.  They feed into Sequoia Union High School District’s Carlmont High School or children attend the private Notre Dame High School.

Prices for homes in Belmont are heading down a bit.  Altos Research believes there will be a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

The Market Action Index is in the Cool Buyer’s zone at 24. Keep in mind that 30 is the line between cool
and warm, and it is not strongly into Cool Buyer’s so Altos Research believes that buyers should expect to find reasonable levels of selection in homes for sale.  This is indicated to be so, with the 51 houses for sale and only 31% of those has seen price reductions.

Houses are staying on the market a little less than some of our other cities, at 46 days average.
Belmont is across 101 from Redwood Shores where Oracle  and Electronic Arts are headquartered.  It’s an easy commute south to the Silicon Valley or up to San Francisco.

If you’d like to see a more in-depth report about Belmont please let us know.  We’re here to serve you
in all of your real estate needs.

Belmont Market Report

The median priced home in Belmont last week was $950,000.  The most expensive home on the market was listed at $1,888,000.  In Belmont it is still possible to find a reasonably priced home, for San Mateo
County that is.

The average days on the market is the lowest of any of the towns we cover, 38 days.  There were 47 homes for sale last week and Belmont is a Warm Seller’s Market.

Homes sell for as little as the low $700,000′s up to the high one million.  In the hills one can find some very special views that range from San Francisco down to the
Silicon Valley.  Homes are generally around 1800 feet, lots can be large but unusable due to hill pitch, so they often are over several levels with multiple decks.

Belmont schools are good, the weather is mild and the commute either to the City or Valley is comvenient.  Altos Research has provide my data and if you want more give us a call.