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Monday Morning Market Update-June 1, 2009

PACIFICA, CALIFORNIA

Active Listings-56 Single Family Homes. 11 listed for over $1,000,000 and 8 listed between $999,000 to $700,000. Declining for the second week with new listings not keeping pace with the number of listings that have gone sale pending.
6 New Listings this week.

Pending Sales-60 Single Family Homes with 3 listed over 1 Million and 57 listed under $850,000.
7 Properties went Sale Pending this week. All 7 were listed at $550,000 or less.

78 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.
3 Homes Closed this week. All 3 were listed at $550,000 or less

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-149 Single Family Homes
12 New Listings this week. This is double the number from last week.

Pending Sales-23 Single Family Homes with 3 listed for over $1,000,000.
5 Properties went Sale Pending this week. All were listed under $899,000.

34 Homes Closed since January 1, 2009 with only 3 that closed over $1,000,000, 6 between $999,000-$900,000 and 20 under $699,000.
3 Homes Closed this week. The highest sale closed this week at $850,000 that had been listed for $900,000.

74 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 and 29 are listed under $700,000.

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