Archive for April, 2008
New Listings for the Week of 4/29/08
April 29, 2008 · CommentsAs of Tuesday, April 29, 2008, there are currently 51 Active Listings on the market in Belmont. Here are the new listings that hit the market over the past week.
- 2406 Coronet Blvd. Listed with Sheila Johnston and Kathy Banks of Coldwell Banker for $2,500,000. This home is still being built.
- 1665 Sunnyslope Ave. listted with Dzovig Derounian and Sandy Camaroto of Coldwell Banker for $1,995,000.
- 1500 El Verano Way listed with Chuck Gillooley of Remax Today for $1,325,000.
- 2319 Coronet Blvd. listed with Mary Duvall of Coldwell Banker for $1,175,000. This home was already on the market originally listed for $1,225,000.
- 2524 Dekoven Ave. listed with Jon Celliti of Jon Dolores Celliti, Broker, listed for $1,139,000.
- 140 Virginia Ave. listed with Deborah Wilhelm of Coldwell Banker for $1,139,000. This home was recently on the market for $1,188,000.
- 721 Alameda de las Pulgas, listed with Alex Palen of Alain Pinel Realtors, for $1,081,000. This home is a fixer upper.
- 116 Clipper Dr. listed with Anne Pearson of Equus Realty, listed for $879,000.
- 328 Chesterton listed with Arena P. Cho of Prudential California Realty. listed for $718,000.
Pending Sales for the week of 4/29/08
- There are no new homes that went pending this week.
Sold Homes for the week of 4/29/08.
- No homes have closed escrow within the past week.
Categories : Market activity, Uncategorized
Home Sales and Pendings From 04/01/08 to 04/22/08
April 22, 2008 · CommentsSold Homes
- 1040 Judson St. listed with Charles Rauch of CR properties was listed for $769,500 and sold for $790, 000 in one day. This home was completely remodeled.
Homes Pending the Close of Escrow.
- 2109 Arthur Ave. listed with Erica Damelio of Alain Pinel Realtors was listed at $1,299,950, recieved an offer after being on the market for 12 days.
- 1802 Oak Knoll Dr Listed with Janet Pepe Davis from Carlmont Associates, at $1,150.000 recieved an offer withing 5 days.
- 1303 Notre Dame Ave listed with Joyce & Tatum of Intero was listed at $1,049,000 and recieved an offer within 7 days.
- 2205 Bettina Ave. listed with Fred Eftekari of Remax Today was listed at $989,000 and recieved an offer within 8 days.
- 2118 Coronet Blvd. listed with Patrick Ryan of Alain Pinel Realtors was listed at $750,000 and recieved an offer within 10 days.
- 417 Yorkshire Way listed with Stephanie Lashkoff of Ace Real Estate was listed at $599,000 and recieved an offer within 10 days.
Clearely, the market is not as slow as the media leads us to believe, and properties are still selling with sitting on the market for too long.
Categories : Market activity
New Listings for the week of April 22, 2008
April 22, 2008 · CommentsAs of Tuesday, April 22, 2008, there are 50 active listings on the market in Belmont.
The following homes came on the market within the past week.
- 1649 Sunnyslope Ave listed with Omer Tamturk of Century 21, asking price of $1,468,500.
- 2717 Sequoia Way listed with Emily Lim of Remax Star- asking price of $1,398,000.
- 1726 Terrace Dr. listed with Penelope Huang of Taylor & Huang properties- asking price of $1,299,000.
- 2411 Lincoln Ave. listed with Corina Colby of Coldwell Banker- asking price of $1,128,000.
- 1132 Lassen Dr. listed with Michael Haywood of Keller Williams- asking price of $1,098,000.
Categories : Uncategorized
Why Conduct Property Inspections Before Putting Your House on the Market.
April 17, 2008 · CommentsWe have been asked time and time again by our clients about why we need to do a property inspection and pest inspection before putting their home on the market. Let’s look at why this has become a common practice among agents. Suppose you recieve an offer on a property, then get the pest inspection, and the inspection shows about $20,000 worth of suggested repairs. The prospective buyers will most likely ask for a price reduction, therefore bringing all parties back to the negotiating table, and possibly risk closing the sale. The other reason property inspections are reccomended to be done up front is for the purpose of pricing the home appropriately. Suppose a home is priced at a $1,000,000, but there is a severe foundation issue, or drainage issues that may cost about $50, 000 to repair. Once inspections are done, again, the prospective buyers will likely ask for a price reduction, have the sellers make the repairs, or walk away. Should they walk away, the risk is that the property will sit on the market for a longer period of time, possibly face a price reduction greater than the cost of the repairs, therefore affecting the sellers net proceeds. It is also imperative to work with inspectors that are reputable and thorough, and always get additional inspectors out to the property if there are any items in question. Furthermore, should you want to fix something on the inspection report prior to putting the home on the market, you can. If you want to fix something once you have an offer, you are obligated to hire a licensed contractor, even if it’s a job that you can do yourself. That being said, the few hundred dollars shelled out for an inspection is money well spent and can save you thousands of dollars should the property have a major defect that can only be detected by hiring the appropriate experts.
Categories : Uncategorized
Belmont Real Estate Market Ending March 31, 2008
April 7, 2008 · CommentsAs of March 31st there are 39 single family homes on the market ranging in price from $699,888-$2,295.000.
There are 30 homes pending the close of escrow. While some of these homes were on the market for a long time and some sold very quickly.
816 Holly Road is a beautiful home on a spectacular lot, listed with Lorelei Kleim of Coldwell Banker, $1,748.888 sold within 11 days.
22 Korbel Way listed with Diane & Quetzal from Alain Pinel at $1,299.000 sold within 13 days.
2516 Somerset Drive Listed with Lin Storer from Prudential Realty at $1,288.000 (I feel it is under priced) sold within 7 days.
1802 Oak Knoll Dr Listed with Janet Pepe Davis from Carlmont Associates, at $1,150.000 sold within 5 days.
2903 San Juan listed with Monica Bellard from Coldwell Banker Listed at $1,100.000 sold within 6 days.
15 Kittie Ln. Listed with Artur Urbanski from Cimpler listed at $999,000.sold within 13 days.
3416 Lodge Dr listed with Melanie Smith and Dieter Hartman from Coldwell Banker listed at $989,000 sold within13 Days.
1819 Bayview Ave Listed with John Nelson of Coldwell Banker listed at $984,725 Sold within 11 Days
2109 Forest Ave Listed with Val Vandervort & Debbie Wilhelm of Coldwell Banker sold within 8 Days
1673 Molitor Rd listed with MollyWestrate from Coldwell Banker Woodside sold within 3 days
24 Cobblestone Lin listed with Brandon Rover from Cashin Company listed at $869,000 sold within 14 days
1040 Judson listed with Charles Rauch of CR Properties listed at $769,500 sold in 1 day
2632 Monserat Ave Listed with Dave Blewett of Intero Real Estate services listed at $749,950 sold within 12 days.
606 Hiller listed with Tom Huff of Cashin Company listed at $749,000 sold within 13 days.
1924 Notre dame Ave Listed with Jaci Rienecker of Coldwell Banker listed at $749,000 sold within 14 days
1222 North Rd listed with Vali Hashemian of S & T properties listed at $699,000 sold within 6 days.
17 out 30 homes in escrow sold within 14 days. That is great.
Homes that show well and are priced right or slightly under will sell fast and may attract multiple offers.
Categories : Uncategorized
