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May, 2009:

Monday Morning Market Update-May 25, 2009

PACIFICA, CALIFORNIA

Active Listings-59 down from 71 Single Family Homes last week.
5 New Listings this week.
Pending Sales-56 Single Family Homes with 3 listed over 1 Million.
13 Properties went Sale Pending this week with 12 listed under $750,000 and 1 over 1Million
75 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.
2 Homes Closed this week.

With the current number of Active Listings divided by the average number of homes sold YTD, there is a little less than 4 months of inventory of Active listings. This reflects a balanced market at this time, not a Buyers or Sellers market.

HALF MOON BAY through MONTARA, CALIFORNIA

Active Listings-143 Single Family Homes
6 New Listings this week.
Pending Sales-24 Single Family Homes with 3 listed for over $1,000,000.
5 Properties went Sale Pending this week. All were listed between $625,000-$525,000
30 Homes Closed since January 1, 2009 with only 3 that closed over $1,000,000 and 14 under $700,000.
4 Homes Closed this week. The highest sale closed this week at $1,400,000 that had been listed for $1,599,000 on Lobitos Ck Rd with 80 acres.

70 Active Listings are listed at over $1,000,000 which is almost half of the inventory and 11 are listed between $999,000-$900,000.

Monday Morning Market Update-May 18, 2009

PACIFICA, CALIFORNIA

Active Listings-71 Single Family Homes
12 New Listings this week.
Pending Sales-45 Single Family Homes with the highest list price of $1,395,000.
4 Properties went Sale Pending this week which is low for the year.
73 Closed Sales since January 1, 2009 with the highest list price of $899,999.
4 Homes Closed this week.
These 73 homes closed between $179,000 and $899,999. YTD, 66 homes have closed at $600,000 or less.
New listings this week outpaced the homes that went sale pending. With the current number of Active Listings divided by the average number of homes sold YTD, there is a little less than 4 months of inventory of Active listings. This reflects a balanced market at this time, not a Buyers or Sellers market.

HALF MOON BAY through MONTARA, CALIFORNIA
Active Listings-140 Single Family Homes
6 New Listings this week.
Pending Sales-26 Single Family Homes with 6 listed for over $1,000,000.
2 Properties went Sale Pending this week.
26 Homes Closed since January 1, 2009 with only 2 that closed over $1,000,000 and 14 under $700,000. These 26 homes closed between $155,000 and $1,150,000.
3 Homes Closed this week.
67 Active Listings are listed at over $1,000,000 which is almost half of the inventory.

Nude Hiking on Montara Mountain

The other day we hiked from the Pacifica trailhead to Montara. We reached the “saddle” 2 miles up at the top of the hill where the fabulous views of Pacifica, San Francisco and Marin are visible. Just down a short path on the ridge to the West is a bench carved with “Bob’s Overlook”. This junction has a marker post directing you to several other trail adventures. Most are used by bicyclist which makes the paths very narrow.

Just as we reached the top hill, a man came running down from the ridge overlook towards us and headed down the trail towards Montara. Not unusual in itself except that the man was naked. He did have some cloth which we assumed was a pair of shorts that he was holding in his hand and used as a cover for the front of his lower body as he passed us. Yes, he did have running shoes on.

Within a few minutes, we passed several bicylcle riders that thought we were joking when we asked if they had seen a nude black man run past them. We assumed he came up from the Grey Whale Cove parking lot and had been at the nude beach. However, we also remembered the news story from last week that talked about the Germany nude hikers invading Switzerland. The Swiss have now banned nude hiking so we wondered if the Germany hikers had discovered Montara Mountain.

Let us know if you have made any interesting sightings on our local hiking trails. We wouldn’t discourage the shy from hiking or bringing their children. The amazing sites you see of the Tunnel Project, the dead car graves, spring flowers and city views are always a treat on Montara Mountain.