October 02, 2008

Belmont Housing Activity--Week Ending October 4th 2008 With all of the attention on November’s Presidential election, financial institutions folding over like the house of cards they were made of, and the bitter $7 Billion dollar bail-out pill that no one should have to swallow, it’s amazing any real estate transactions were done at all. Here’s how the week went in Belmont: We now have 55 homes listed for sale—up from 49 last week. Nine new listings hit the market in Belmont while 12 members of Congress played politics with the bailout. Three homes went pending as two more banks merged into one. And finally three—only three—homes closed escrow (at the end of the month nonetheless) and as more banks failed. Just to put the paltry number of sales for the month of September in Belmont in perspective, in September of 2001, after the United States was attacked by terrorists we still had twelve sales—three more than this September. You can read our September monthly wrap-up for Belmont here. NEW LISTINGS 2 Arroyo View Circle 3 Bed 2.5 Bath 1,270 Sq. Ft. TOWNHOME LISTED for $799,000. These town homes are 11 years old and are rather nice. OPEN SUNDAY 10/5 1:00-4:00 Listed By Nadr Essabhoy, Alain Pinel Realtors 1935 Hillman 4 Bed 2.5 Bath 2,580 Sq. Ft. home for $1,150,000. We saw this home last time it sold back in 2003 when it closed for $840,000. The outside façade is a little dated and there’s little yard as it is also a cliff clinger. Listed By Ken Ichiki,...

Drew Morgan

Sponsored by Drew & Christine Morgan"Helping People Make Good Decisions"smReal Estate Sales and ConsultingCarlmont Associates

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