It’s mid-October and inventory is shrinking a bit. A week ago there was one home to buy and one to rent in Belwood – and none in the Surmont or Belgatos areas of the ‘hood. The available ones have been scooped up.
So right now, if someone wants to live in our pretty corner of east Los Gatos, they’ll just have to wait.
Many sellers are hoping that spring will bring better sales prices. If it does, that’s great for people either downsizing or leaving the area.
But for move-up buyers, now might be a better time to sell one home and buy a more expensive one.
Why? Prices are a bit soft now. The listing on Belblossom at $799,000 makes it clear that prices aren’t what they used to be. Buying up, the soft prices make the jump from one home to the other easier – even if you sell the current home for less. The reason is because you save more on the move-up home than you lose on the sale of the current home. The net puts you ahead of waiting ’til it’s a hot market all around.
Call me if you’d like to get a current sense of value for your home.
Intero does have a special “Holiday Marketing Program” that involves no sign, no open houses etc. during the slower days of December. You get far less traffic but it’s all by appointment so only serious buyers come through. It’s a great way to get the jump on the January market. Please call me on my cell at 408 204-7673 to learn more about it.
Today is Labor Day – it’s many things, but it’s also the end of summer. But it’s not the end of the dry season. In fact, the rains won’t really arrive until November. So between now and then, the fire danger will continue to rise in our hilly, rural areas.
A few days ago, the coastal hills near Stevens Creek Reservoir and the Montebello Ridge over Cupertino (just a little north of Los Gatos) burned fiercely. It took a couple of days and a lot of firefighters to extinguish it.
Now the hills by Mount Hamilton on the east side are ablaze too. We just took a quick drive to the top of Harwood Road to see the enormous plume of smoke rising over the hills by south San Jose.
What does this have to do with Belwood, Belgatos & Surmont? Earlier today, Bella and I took a walk down Bacigalupi Drive and into Belgatos Park, entering on the side, as we do most days. The grassy area there is parched. The path is covered in wood chips and tanbark. And to my horror, I saw two cigarette butts among the wood chips.
Smoking is not illegal in the park, as my husband (the volunteer parks commissioner) reminded me today. But it is very unwise to do it in the tinderbox areas which comprise most of the park.
Should we put a polite request at the entrance to the park that cigarettes are a great danger to the park, to Belwood and to Los Gatos as a whole, and that putting them out in the grassy areas is inadvisable???
To me it’s obvious: fire season and burning objects over dry grass don’t mix. But apparently it’s not obvious to everyone.
Fire season’s not over yet. Let’s hope that common sense prevails and we won’t have any more senseless fires.
Blog: Why Live in the Belwood, Belgatos, or Surmont areas in Los Gatos?
by Mary Pope-Handy, posted 8/22/2007
Jim and I bought our first home in Cambrian Park in 1989, and scrimped and saved, and fixed our fixer ’til we could make a move into a nicer home in a better area in 1999. As a Realtor, there were a couple of neighborhoods I had my eye on, but the one I really hoped we could live in was Belwood.
Luckily for us, a home that fit the budget and the needs came up on Bacigalupi Drive in Belwood of Los Gatos just as our starter home a mile and a half away sold. It had all the “right things wrong” (if everything had been “done”, we couldn’t have afforded it!) It had a great floorplan on a great street with all the rooms we needed (4 bedrooms plus an office, large family room, decent living room, open kitchen – and the dining room was small but has potential). It was not perfect, but no house is. I wished I could have had a larger dining room for our massive family parties (I have a scheme on how I can eventually expand it) and I wish our lot was one of the larger ones (it’s not, the home is newer than most here but also on a smaller lot). Compromise is a big part of home buying. We did, however, get 95% of what we wanted.
And we got great neighbors – fantastic, really. They are all nice, they are quiet, they are wonderful folks.
Why choose Belwood? I had wanted it for the same reason my buyers now want it. It’s close to the hills so is extraordinarily scenic, it has a huge, fabulous park, Belgatos Park. It enjoys a cabana. The streets meander (not straight grids). You see people out and about – walking, jogging, riding bikes, exercizing dogs, and sometimes you even see someone go by on horseback. It’s a real community and it has a nice feel to it.
Folks here take care of their homes. You don’t see a lot of dilapidated cars sitting around. Yards look nice. People are friendly.
In summer, neighbors gather to watch films at the cabana. Folks with little swimmers sign up to be a part of The Dolphins Swim Team.
There’s just a lotthat’s right here in this far corner of Los Gatos.
As for us, I think we’ll be here another couple of decades. We love it here in Belwood.