new listing

Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA

With the current number of Active Listings divided by the average number of homes sold YTD, there is a little more than 1 month of inventory of Active listings.  Not much competition for new sellers, especially in the the under $700,000 price range

Active Listings-44 Single Family Homes.  10 listed for over $1,000,000 and 27 listed under $700,000.  Declining for the third week with new listings not keeping pace with Only 5 New Listings this week. 
 
Pending Sales-62 Single Family Homes with 4 listed over 1 Million and 33 listed under $500,000. 
7 Properties went Sale Pending this week. 4 were listed under $500,000. 

95 Closed Sales since January 1, 2009 with the highest list price of $1099,000 that closed at the year to date high of $999,000. 43 homes have sold for $500,000 or less.
2 Homes Closed this week, both under $545,000.

 
Still a Buyers Market – HALF MOON BAY through MONTARA, CALIFORNIA

Active Listings continue to stay at the same level week over week with 12 months of  listing inventory.  Still, around half of the listings are listed at over 1 Million and 20% at $700,000 or less which is up from last week.  Pending Sales continue to be scarce in the 1 Million plus price range with still only 3.  Of the 5 new Pending Sales this week, they were all across the price range at $1,499,000, $999,000, $899,000, $725,000, and $525,000 List price.  No real trend for pending sales this week. Year to Date Sales are most prevalant at $700,000 or less with 16 of 38 that have closed.  The high end is showing 6 closing over 1 Million and 6 closing between $900,000 and $1 Million.  The Market is still favoring Buyers.

Active Listings-147 Single Family Homes  
7 New Listings this week. Active listings continue to keep steady.

Pending Sales-23 Single Family Homes with 4 listed for over $1,000,000 and 13 under $700,000.
5 Properties went Sale Pending this week.  List prices were varied once again this week.

38 Closed Homes Year to Date  with 6 that were listed at $1 Million plus and 6 that were listed between $1 Million and $900,000.  16 were listed at $700,000 or less.  1 Home Closed this week and was listed at $1,095,000 and closed at $1,070,000.  Not far off list price which shows realistic seller pricing.