Monday Morning Market Update for June 22, 2009

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

Active Listings continue to stay at the same level week over week.  Still, around half of the listings are listed at over 1 Million and 10% at $600,000 or less.   8 of those 19 listings are located at Martins Beach which seems to be trying to get whatever sales they can before the land lease expires in the next couple of years. 
Of the 4 new Pending Sales this week, only one was listed at $1 Million plus.  No real trend for pending sales this week.
Year to Date Sales are most prevalant at $700,000 or less with 17 of 39 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 who are coming out and looking at open houses.

Active Listings-147 Single Family Homes  
5 New Listings this week. Active listings continue to keep steady.                    70 Active Listings are listed at over $1,000,000.

Pending Sales-25 Single Family Homes with 4 listed for over $1,000,000 and 12 under $700,000.
4 Properties went Sale Pending this week.  List prices were varied once again this week.

39 Homes Closed since January 1, 2009 with only 6 that closed over $1,000,000, 6 listed between $900,000-1 Million and 17 listed at $700,000 or less.
1 Homes Closed this week with a list price of $649,000.
 

Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA

Statistics remain consistent another week.  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. 

Active Listings-45 Single Family Homes.  12 listed at $998,000 or higher and 18 listed under $600,000.  Declining for the third week with new listings not keeping pace with only 5 New Listings this week, the same number of new listing as last week.
 
Pending Sales-63 Single Family Homes with 4 listed over 1 Million and 35 listed under $500,000. 
9 Properties went Sale Pending this week.  All were listed under $700,000.

98 Closed Sales since January 1, 2009 with the highest list price of $1,099,000 that closed at the year to date high of $999,000.  43 homes have sold for $500,000 or less.  29 homes sold that were listed between $500 and 600,000.
2 Homes Closed this week which was the same number as last week.