Belvedere Real Estate – Mid-year 2025
Belvedere Summary
Belvedere’s luxury market continued to show resilience in the first half of 2025, with modest gains in pricing and greater seller success, despite a tapering in buyer competition.
A total of 16 homes sold in the first half of 2025, up slightly from 14 in the same period last year. The average sale price rose to $6,550,000, up from $6.2 million in the second half of 2024, while the price per square foot held steady at $1,989, nearly unchanged from the prior period.
Sellers saw improved results this year: only 18% of listings required a price reduction, compared to a significant 40% in late 2024. Additionally, 4 homes sold over asking price, a strong improvement over just 1 in the previous period.
While the market saw fewer multiple offer scenarios (just 1, down from 4), average days on market slightly dropped to 60, compared to 64 previously—suggesting that buyer demand
is steady at this pace.
If you’re interested in maximizing the value of your home and determining an optimal pricing strategy, I invite you to contact me. I can guide you in preparing your home for sale and ensure a hassle-free selling experience right up to the completion of your move.
