Belmont, CA

It’s official. We’ve had a month of colder than usual weather interrupted only by a four day stint of hotter than usual days in the middle of May. Being one of best months for warm weather, May sure was a disappointment. And now June, notorious for windy conditions is upon us and it’s living up to its historical reputation.

Here are a series of graphs I produced from our weather station located at our home in the Hallmark Area of Belmont which illustrate the last month’s weather pattern:

This graph shows the highs and lows from May 4th to June 4th: Note if you click on any of these graphs you'll get a full size window view where you can actually read the data.

In this picture I've added a RED high temperature line to illustrate the day's highs.

The Orange line added here shows the high wind speed. It's easy to see why we had warm weather for a few days--hardly any wind.

Finally, this graph show the wind direction. Notice that when the wind shifts to the east, we have warmer weather and invariably when it is from the west (on shore breezes) it's colder.

Don't forget you can view this information live on our weather web page at MorganHomes.com

While reports of drastic median price drops continue in the media, isolated areas which are less impacted receive little or no attention. At some point the news should be about areas that are not impacted-why are prices holding up so well when other areas are suffering the greatest set back in years. But those turning to the mass media are clearly missing the whole story. This week, on June 1^st, the Open Homes Guide section of the Sunday edition of the San Francisco Chronicle ran the home price closings-for April!

Forget about the fact that they are typically 1 to 1.5 months behind the market, they dutifully report the numbers without analysis or professional perspective.

We've just completed the May housing report for Belmont and wihtout our in-depth analysis it would appear that Belmont Median price rose form $930,000 in April to $1,098,000 in May--a whopping 18% in one month! Click here to see how we make adjustments to arrive a a more accurate number...

May home sales statistics for Belmont are in and while there are no real surprises, that may be the best news yet.

↑At 17, there were four fewer Belmont home sales in May than April. Year over year (adjusted for seasonal selling patterns) there is no change over 2007. In 2006 there were 21 sales in May and at the height of the market in 2005 there were 29. Considering what the rest of the state is going through, we consider this a positive indicator for home values.

↓Of the 17 sales five homes sold over asking, one sold at the asking price and 11 sold under the seller's asking price. That's not as strong as last month where nine homes sold over and 10 sold under while two sold at asking price.

↗The average home which sold over asking sold for $61,000 over the seller's asking price in seven days. The one home that sold at the seller's asking price sold in one day. Of the 11 homes that sold under asking, those had been on the market an average of 89 days and sold for on average $30,500 less than the asking price. Contrasted to April where the average home sold for $31,000 over asking in 18 days, this is a relatively good sign and clearly one more indicator that seller's should hire a local professional to assist them in pricing their home right.

↗The median price was $1,098,000 in May. Just last month it was only $930,000. The median size home sold in April was 211 smaller than in May. At current going rate of $ 574 per square foot, that adds another $121,000 onto April's median home price, or conversely, subtracting that from May's median home price (which is closer to the actual median home size in Belmont), we arrive at an adjusted median home value of $977,000 for May-statistically no change over April's. Nevertheless, no change would be welcome and to have even a slight indication of price stabilization is a positive market indicator.

Sign-up for our local newsletter and receive an email alert and link around the tenth of each month to our detailed graphs for Peninsula cities.

↔Unchanged

↑Positive market force

↓Negative market force

↗↙Probable trend upward or downward

Belmont's Chamber of Commerce offers this special event calendar for Belmont:

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Town Meeting at the Lodge

June 5th 7pm-8:30

Topic: Public Utility Commission

Any other Question Regarding Belmont? This is the Place

Click here

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Blood Drives

Click here for more information...

June 7th

December 13th

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Fenders & Fathers Car Show

June 14 th

This is a day for you to share your pride and joy. YES, signup to bring your vehicle - There will be judging of vehicles, people's choice, best of show, food, BBQ, Beer, wine, games for kids, jumpers, and Music.

Click Here for Flyer

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(Click above for Flyer)

FREE!!! E-Waste: July 12th & 13th between 9:00 AM-3:00 PM

The Belmont Chamber of Commerce and Carlmont Village Shopping Center are sponsoring E-Waste Recycling to the Community. Clean out the offices, homes, garages and closets of the Electronic Items that you don't know how to dispose of. Bring them down to the Carlmont Village Shopping Center on July 12th & 13th, between 9AM and 3PM. Drive in, get your vehicle unloaded, and drive away. The E-Waste will dispose of it properly! No more wondering how to dispose of the old TV's, computers, cell phones, key boards and other items!

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Belmont Community Fair featuring Save the Music

October 4 th & 5 th 10:00AM - 5:00PM on both days

This two day Fair will have a wide range of Artist's and Entertainment, Food, Drinks, Beer, Wine and Mistral. There will be games for Children of all ages, tattoos, cotton candy, snow-cones, popcorn, root beer floats, jumpers of various types and the Save the Music's famous Musical Petting Zoo where everyone is welcome to come and play instruments. Don't forget Rudy's Train ride.

Saturday -

• Car Show
• Radio Disney
• Chili Cook Off
• Entertainment

Sunday -

• Save the Music is coordinating the entertainment

Click Here for Forms

any questions call the chamber at 650 595 8696 or Email us at execdirector@belmontchamber.org.

Sponsored by Belmont City

and presented by the Belmont Chamber of Commerce and School Force

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(Click below to see pictures - from events)

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The 11th Annual Holiday Gala

December 5 th

This is our biggest Fundraiser of year. The proceeds go to our Arts and Education Grant Program to promote a creative learning environment where children can enhance there abilities to express themselves in Creative ways.

Arts and Education Grant Program

The Arts & Education Grant Program goals are:

· To support a wide variety of arts and education opportunities in Belmont

· To provide assistance to local schools to increase art & education opportunities

to all Belmont Students.

· To increase access to high quality arts and education programs for BelmontCitizens.

Organizations that are non-profit, including Belmont public and private schools, our Belmont Library, our university, as well as other non-profit organizations will be able to apply for grants to support their arts and educational programs. Applications are available from the Chamber office. This is an on-going program and is our annual beneficiary for all future Fundraisers and Holiday Galas.

A Percentage of the proceeds will also help fund our Chamber

A week ago I posted a blog complaining about the relentless wind in Belmont over the past several weeks. This week we are enjoying record high temperatures not seen since 1970. Personally, I love the warm temperatures and slight breezes we get that take the edge off the heat.

May 14^th we had high clouds which made for a spectacular sunset—I think one of the best I have ever seen in Belmont.

When the Peninsula gets weather like this I can think of no other place I’d rather be living.

Nikon D70

Lens: Nikkor 18-200mm GED VR

Date taken: May 14^th 2008

Time: 20:24:25

f/4.5 1/8 exposure ISO 200 Handheld 40mm focal length

Nikon D70

Lens: Nikkor 18-200mm GED VR

Date taken: May 14^th 2008

Time: 20:19:35

f/5.6 1/20 exposure ISO 200 Handheld 200mm focal length