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Belmont Home Values - 4 Key Real Estate Trends For Townhouses - Mar 31, 2024

Silicon Valley Real Estate | JLee Realty

Home Values - Belmont Townouses

Average and Median Home Price of Belmont Townhouses Sold

When trying to understand Belmont neighborhood home values for townhouses, the first and most often real estate trend looked at is either average or median house sales price. The average price can be pushed up by a particularly expensive townhouse being sold. Much less often an especially low price for one or more townhouses can push the average price down. By looking at both average and median price a quick judgment can be made about any unusually high or low prices

Graph of the Quarterly Median and Average Price of Belmont Townhouses Sold

Price Per Square Foot for Belmont Townhouses Sold

The sales price of a Belmont house is affected by its size. Looking at price per square foot gives a partial adjustment for differences between townhouses. Furthermore if you look at the average size of a Belmont townhouse sold you will see that it varies with time. Part of the variation is due to the random nature of which townhouses are being sold but the trend is for an increase in size with time because when a house is replaced with a newer townhouse, the newer townhouse is almost always larger.

Graph of the Quarterly Average Price Per Square Foot for Belmont Townhouses Sold

Sales Price vs. List Price for Belmont Townhouses Sold

Home buyers and sellers want to know the typical relationship between list price and sales price. This relationship varies with city and time. The plots below show trends for this relationship using color coding which generally highlights changes in the market. More Belmont townhouses being sold over list price is a very good indicator of rising townhouse prices. More townhouses being sold under list price is a very good indicator of falling townhouse prices.

Graph of the Quarterly Average Sales Price vs. List Price for Belmont Townhouses Sold

Number of Belmont Townhouses Sold

A quick estimate of how active the Belmont real estate market is can be found by looking at the number of townhouses sold. Locally there is a strong seasonal change in the number of townhouses sold. The lowest number of townhouses sold typically occurs around December & January. The highest number of townhouses sold typically occurs around May. Price changes do not track the seasonal change in the number of townhouses sold.

Graph of the Quarterly Number of Belmont Townhouses Sold