Trulia Voices—Belvedere

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There is a lot of talk of a softening real estate market. How would you describe the real estate market in Belvedere?

How long do homes typically sit on the market in this city?
Mon Apr 23 2007, 15:51 - Belvedere - Market Conditions - 3 answers
 
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J.P.
Home Buyer
in Tampa
J.P., Home Buyer in Tampa in Tampa
Answers (3)
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William Smith was FIRST TO ANSWER
Since 1965 Belvedere has experienced an annual decrease in home prices nine times, the last two downturns were in 2001 '02 and 03. Average days on the market for a sold home in Belvedere was 100 days for the month of April. One home sold today for $9,500,000 after having been on the market for the past two years starting at $16,000,00. Another home sold last week for $2,500,000, $350,000 less than thanwhat it sold for last August 07. Average asking price in Belvedere for a home this past month is $4,940,714.

Thu May 8 2008, 21:27
 
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Belvedere, along with Ross, has the most expensive homes in the county. It sounds silly, but you might have to pay over 1.5 million for a fixer, sometimes more. Most homes are in the 2 million dollar range and, while prices inch up, they typically stay on market a long time, 90 to 150 days, sometimes much longer. Few people can afford it, but many people want to live here. It's just that you can get a lot more house for the money in other parts of the county.

Mon Apr 23 2007, 15:51
 
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FIRST ANSWER
Belvedere rarely has a soft market. The increase in home prices has been steady for 30 plus years. Good houses, in good condition and well priced will sell and sell quickly. There is plenty of money and buying power. Buyers are just more particular now. Houses described above should sell in ninety days or less.

Mon Apr 23 2007, 15:51
 
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