Belmont

custom vector map

Belmont is a wonderful, serene town with a rural feel and a destination for families. Most of the streets do not have sidewalks, and since much of the town is built amidst the hills, many homes offer extraordinary views of the peninsula. Belmont boasts four parks, and is mostly made up of homes and retail stores. The town’s heritage harks back to William Ralston, the founder of the Bank of California and builder of the Palace Hotel in San Francisco, who built his masterful summer residence, Ralston Hall, at the current site of Notre Dame University.

Ralston was offered to have the town of Modesto named after him, but at a Spanish ceremony he declined, and a Spanish lady dubbed him muy modesto, or very modest, and that is how the town got its name. To see a high resolution map of the image above, click here.


Quick Facts

  • Population: 26,147
  • Median Family Income: $100,417
  • Single Family Homes: 6,698
  • Condos/Townhomes: 377
  • Duplex: 81
  • Total Number of Homes: 7,237
  • Median Home Price: $924,963
  • Number of Sales: 243
  • Lowest Sale Price: $440,000
  • Highest Sale Price: $2,250,000
  • Average Sale Price: $950,167
  • % of List Price Received: 102.30%

Market Conditions

Belmont Real Estate - March 2013

Everything Points to a Seller's Market Every piece of data points to a sellers real estate market in Belmont. Prices are rising, buyers are bidding above asking prices, sales are up, days on market are down, listings are down, inventory has plummeted and expired/cancelled listings are way down. The graphic below shows ...

Belmont Real Estate - June 2012

It's Looking Like a Seller's Market Sales are way up, many homes are receiving offers above their list price and the average price per square foot is up about 5% — the real estate market in Belmont is tilting towards a seller's market. At the halfway point in 2012, there have been 123 homes sold in Belmont, up 40% f...

The Highest and Lowest Sales Prices of 2011, and More

I thought I'd share some interesting data we ran for each of the towns I cover on the north peninsula. The data includes the median home price, number of sales, the lowest and highest closed sales, and the percentage of list price received, for real estate in Burlingame, Hillsborough, San Mateo, San Carlos, Belmont, Foster ...