PACIFICA, CALIFORNIA
Active Listings-64 Single Family Homes
2 New Listings this week.
Pending Sales-50 Single Family Homes with the highest list price of $1,395,000.
10 Properties went Sale Pending this week and one was listed for $1,325,000 and the 9 others listed for $849,000 or lesss.
66 Closed Sales since January 1, 2009 with the highest list price of $899,999.
1 Homes Closed this week.
These 66 homes closed between $179,000 and $899,999.
New listings this week did not keep pace with 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 5 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-141 Single Family Homes
2 New Listings this week.
Pending Sales-29 Single Family Homes with 9 listed for over $1,000,000.
3 Properties went Sale Pending this week. One was listed at $1,700,000 and was on the market for 7 days. The other two were listed under $699,000.
22 Homes Closed since January 1, 2009 with only 1 that was listed over $1,000,000
No Homes Closed this week.
These 22 homes closed between $155,000 and $1,150,000.
75 Active Listings are listed at over $1,000,000 which over half of the inventory.
The good news is that currently over 25% of the Pending sales were listed for over $1,000,000. This is the first time we have seen the higher priced end of the market go sale pending.