Belmont Annual Real Estate Trends

SINGLE-FAMILY HOMES % Change from Year Before
Area Year No. Sales Median Price Average Price Avg DOM New Listings Sales Median Price Average Price New Listings
BEL 1998 287 $475,000 $491,436 36 393        
BEL 1999 332 $527,500 $546,305 35 393 15.7% 11.1% 11.2% 0.0%
BEL 2000 253 $660,000 $683,173 23 310 -23.8% 25.1% 25.1% -21.1%
BEL 2001 205 $649,500 $670,843 41 394 -19.0% -1.6% -1.8% 27.1%
BEL 2002 329 $675,000 $721,711 42 434 60.5% 3.9% 7.6% 10.2%
BEL 2003 342 $715,000 $749,942 45 432 4.0% 5.9% 3.9% -0.5%
BEL 2004 319 $812,000 $853,644 26 381 -6.7% 13.6% 13.8% -11.8%
BEL 2005 305 $921,000 $986,980 27 379 -4.4% 13.4% 15.6% -0.5%
BEL 2006 260 $920,000 $977,579 27 359 -14.8% -0.1% -1.0% -5.3%
BEL 2007 219 $945,000 $1,004,763 35 311 -15.8% 2.7% 2.8% -13.4%

DEFINITIONS

Med. Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Ave. Price
Average Price is the sum of all prices divided by the number of sales.
Ave. DOM
Average Days on Market is the average time it took to sell all properties.
Newly Listed
How many properties came on the market in the given time period.

 

These statistics are generated using information from the RE InfoLink MLS, but have not been verified and are not guaranteed. RE InfoLink disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.

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