Blue Moon tonight will not happen again until New Year’s Eve 2028!!!! Be sure not to miss the second full moon this month. Check back for the year in review and the 2009 complete market report. Happy New Year to everyone.
Coldwell Banker
Monday Morning Market Update – Wk#49 December 14, 2009
Half Moon Bay to Montara had 8 new listings this week with 4 of them listed over $999,000. Total active listings are 104 as the year is winding down to a close. 2 properties went sale pending this last week with one that was listed over a million and the other under $550,000. YTD sales are 128 with 4 new closings this week. 1 was listed over 1 Million.
Open houses this week have finally slowed down. Maybe it was the rain or just the time to get the Holiday shopping completed. The market is still favoring Buyers.
Pacifica had 8 new listings this week with 2 listed for over a Million dollars. Brings the total of active listings to 47. 6 properties went sale pending this week. All were listed at $698,000 or less. There are 45 pendings. 6 new closings this week, all listed under $800,000, brings the total closed homes YTD to 226. Still a sellers market with low home inventory.
Next week will be our last week to report 2009 sales. We don’t see any surprises before the end of the year. The market has reacted to the Holiday Season.
Monday Morning Market Update Wk#48 December 7, 2009
This past week, our listings all had multiple showings. The open houses this past Sunday were slow. Could have been the weather, the football games or the season. This will be the time that will be remembered as having some of the best real estate deals. Inventory is low due to homes taken off the market as the Holiday Season approaches.
Still a Buyers Market – HALF MOON BAY through MONTARA,CALIFORNIA with just under half of the listings listed at over 1 Million. The $900,000 plus price range is finally seeing activity with 25% of sales year to date.
Active Listings-106 Single Family Homes. 45 listed over $1,00,000, 18 listed under $600,000. 6 New Listings this week with 4 having been on the market and now relisted and 1 over $1Million.
Pending Sales-25 with 9 listed under $600,000 and 8 over $900,000. 4 pending sales this week with 1 over 1Million.
124 Homes Closed since January 1, 2009 with 32 that closed under $600,000 and 32 over $900,000. 3 closings this week with 1 listed over 2 Million.
PACIFICA, CALIFORNIA
With YTD sales of 224 and active listing at 49, Pacifica continues to be a Seller’s market.
Active Listings-49 Single Family Homes. 10 listed over $900,000, 21 listed under $600,000. 7 new listings with 4 under $600,000 and 1 over 1 Million.
Pending Sales-47 with 20 listed under $500,000. 3 new Pendings this week.
224 Homes Closed since January 1, 2009 with 83 that closed under $500,000 and 73 between $500,000- $600,000. 2 closings this week.
ABSORPTION RATE
Absorption Rate is the number of months it takes to sell the current inventory at the present rate of sales.
6 months supply is a balanced market.
Less than 6 months supply is a Sellers market.
More than 6 months supply is a Buyers market