Affordable, well-priced homes are selling in Belle Hall. In February three Belle Hall homes sold in an average of two months at a median price of $295,000. The number of homes for sale in the neighborhood increased to 42 in February as homeowners put their homes on the market early this year in hopes of buyers taking advantage of the Homebuyer Tax Credit while it is available. The supply of available homes remains near its lowest level in several years in this popular neighborhood.

The number of homes sold in Belle Hall in 2009 continued to trend downward at 50 compared to 58 homes sold in 2008 and 79 homes sold in 2007.

The average price per square foot of the homes that sold was at $179/sf in 2009 down slightly from $181/sf in 2008, and significantly down from its peak of $203/sf in 2006 when 72 homes sold in the neighborhood.

The greatest year over year change in Belle Hall was the number of days on market. In 2008, the average number of days a home was on the market was 126. That figure shot up to 192 days in 2009. On average, it took a home an additional 66 days or two months to sell in 2009.

The median price of sold homes in Belle Hall increased to $408,000 in 2009 and is at its highest level in the 2005 to 2009 period. After taking a dip in 2008, the average price of sold homes in Belle Hall made a good come back in 2009, rising to $452,000, on par with the average sold prices in 2005 and 2006. These increasing values may be due to the sale of several higher end homes in the neighborhood in 2009.

The number of homes for sale in Belle Hall decreased from 48 homes on the market in mid November 2009 to 36 homes for sale on January 3, 2010.