Buyer's Market vs. Seller's Market In Belmont
You often hear the phrase "seller's market". Most people would say that this means the sellers are exerting their desire for higher prices over the buyers, who wish to pay less. The use of this phrase does not help understand Belmont real estate.The graph above of Belmont house sales prices shows a sharp increase at the beginning of 2000, corresponding to the dot com boom. Many Silicon Valley residents made significant money from dot com businesses and chose to spend…
