Home Values - Belmont Woods Houses

Average and Median Home Price of Belmont Woods Houses Sold

When trying to understand Belmont Woods neighborhood values for houses 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 house being sold. Much less often an especially low price for one or more houses 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

Quarterly Average Price of a Belmont Woods Home

Quarterly Average Price of Belmont & Belmont Woods Houses Sold

Price Per Square Foot for Belmont Woods Houses Sold

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

Graph of the Yearly Average Price Per Square Foot for Belmont Woods & Belmont Homes

Yearly Average Price Per Square Foot for Belmont & Belmont Woods Houses Sold

Sales Price vs. List Price for Belmont Woods Houses 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 Woods homes being sold over list price is a very good indicator of rising home prices. More homes being sold under list price is a very good indicator of falling home prices.

Graph of the Quarterly Average Sales Price vs. List Price for Belmont Woods Houses

Quarterly Average Sales Price & List Price for Belmont Woods Houses Sold

Number of Belmont Woods Houses Sold

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

Graph of the Quarterly Number of Sales vs. Price Per SqFt for Belmont Woods Houes Sold

Quarterly Number of Sales & Price Per SqFt for Belmont Woods Houses Sold

Jump to an extensive view of Belmont Woods real estate trends for houses and Belmont Woods home prices.

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