Only nine homes traded hands in May, down from 13 one year ago. Over bidding is waning as seven of the nine homes sold for under the asking price, one sold at asking and one only slightly above. The average time it took to sell a home increased to from 13 days a year ago to 21 this May. These are all signs of a cooling market so if you are thinking about a move now may be a great time.
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"Helping People Make Good Decisions"sm Located in the beautiful town of Belmont, CA. Selling homes in San Mateo County, Santa Clara, San Francisco and the Bay Area peninsula for over 17 years.
Belmont's Best Deal--July 18th 2008
Belmont Closed Escrows--Week ending July 10, 2008
Peninsula Real Estate--A Market Update July 8, 2008
Belmont Market Report-June 2008
Why should you care if other people lose their homes?
Foreclosures have pitfalls for buyers
May Housing Report for San Mateo County
If you are willing to commute a bit some good Bay Area housing deals can be had
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