Market Conditions for Belmont, California Reported by JACK HEFFERNAN BROKER/OWNER, CRS, GRI, SRES Updated October 18, 2008.

Current Market Rating: 1 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

Belmont is a very family friendlly city becoming more attractive for 2008.It is definitelyly more of a buyers mkt.The 2nd qtr.ended with 40 closings.Avg. DOM was 51
.The avg.sale prices was $956,731.The median sales price was $934,000.The difference between list vs.sales price was-3%.The total volume sold was $55,490,295.It is more difficult to obtain mortgage financing.I do have
lenders willing to work with my clients.Please call me.

Please call me at 650.759.6400 or e-mail at jackheffernanj@yahoo.com if you have any questions.


ZIP Code: 94002

Approximate Location Boundaries: Belmont is located between San Carlos and San Mateo with easy access to highways 92, 280, 101, El Camino, and the San Mateo Bridge.

Location Characteristics: With that said, the real estate market is influenced by many factors: including availability, mortgage rates,sub prime rates demand, and overall economy. However, real estate is a long term investment, and has been proven to hold its value over time. My recommendation is to consult with me to assess your situation, and take advantage of the opportunities you might have today.

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