Garrett Burdick's Market Research
Belvedere, CA
Single-Family Homes
Coldwell Banker Realty | 415-602-2282 | garrett.burdick@cbrealty.com
Belvedere, CA
Thu Nov 21 2024
This week the median list price for Belvedere, CA is $7,950,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has decreased to 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.
Real-Time Market Profile
| Median List Price | $7,950,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,434 | |
| Average Days on Market | 177 | |
| Median Days on Market | 98 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $22,000,000 | 8,131 | 0.5 - 1 acre | 5 | 6.5 | 24 | 0 | 0 | 168 |
| $8,950,000 | 6,120 | 0.25 - 0.5 acre | 6 | 6.5 | 119 | 0 | 0 | 126 |
| $7,880,000 | 3,919 | 0.25 - 0.5 acre | 5 | 3.5 | 88 | 0 | 0 | 35 |
| $3,047,500 | 2,352 | 6,500 - 8,000 sqft | 3 | 2.8 | 61 | 0 | 0 | 73 |