San Mateo-Foster City Real Estate News

As we begin to wind down my focus on San Mateo County and the cities we focus on, I'm going to talk about Belmont, 94002 today. Along with San Mateo, Belmont offers a good spread in housing prices. It's possible to buy an entry level home in the $600,000's. Belmont sits between 101 on the east and 280 on the west . Most of the houses in Belmont sit up in the hills and many offer spectacular views of the Bay, San Francisco or the South Bay areas. The feeling of the town is much more rural than any of the other communities I've talked about with many streets narrow and lacking sidewalks.

The median price last week was $1,054,000. The median sized home is a 3 bedroom, 2 bath home around 1800 square feet. Demand is increasing in Belmont, perhaps because it is considered affordable? More homes are coming on to the market and they're staying there longer. Prices have held pretty steady according the the Market Action Index. Altos Research tells me that last week there were 36 single family homes on the market for an average of 87 days.

Belmont is slightly in the Warm Seller's area at a 41 index. This means demand is relatively strong but the available supply of homes aren't necessarily being snapped up immediately. Belmont offers a good elementary public school district and the local hight school, Carlmont, which is a part of the Sequoia School District. It has an easy commute to the major employment centers around here.

Tomorrow, last, but not least, will be San Carlos.

Related Posts