Ken Dara's Market Report
Belvedere, CA
Single-Family Homes
Engel & Voelkers | 415-425-3626 | ken.dara@engelvoelkers.com
Belvedere, CA
Thu Apr 25 2024
This week the median list price for Belvedere, CA is $7,678,500 with the market action index hovering around 30. This is less than last month's market action index of 40. Inventory has decreased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $7,678,500 | |
| Median Price of New Listings | $9,877,000 | |
| Per Square Foot | $1,964 | |
| Average Days on Market | 244 | |
| Median Days on Market | 77 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $22,888,000 | 11,200 | 0.5 - 1 acre | 6 | 8.5 | 16 | 0 | 0 | 945 |
| $9,877,000 | 3,919 | 0.25 - 0.5 acre | 5 | 4.5 | 77 | 1 | 0 | 35 |
| $6,750,000 | 4,534 | 0.25 - 0.5 acre | 5 | 5 | 116 | 0 | 1 | 42 |
| $3,550,000 | 2,344 | 8,000 - 10,000 sqft | 4 | 3 | 72 | 0 | 1 | 91 |