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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.

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