January 26, 2010
I just updated my Belwood of Los Gatos website with what has closed in the last three years in that part of town (including the Surmont and Belgatos areas). At the top of the page is a live mls-searching map which shows what’s available in that area. Right now there’s just a duplex for sale there, no houses whatsoever! Scroll down to see first sales in 2009, then 2008, and finally 2007.
Some of the numbers are disturbingly low (disturbing if you are a homeowner). Some of the lowest prices have been homes which were distressed sales (short sale or foreclosure) or which were not well staged and easily accessible. Hard to see, cluttered, unstaged homes simply sell for a lot less than homes which are well presented and easily viewed. In 2009 we saw a rise in foreclosure activity in and near Belwood. This may keep up for a couple more years until the current mortgage crisis is cleaned out.