Monday Morning Market Update September 14, 2007 Wk#37

ABSORPTION RATE

Absorption Rate is the number of months it takes to sell the current inventory at the present rate of sales.

6 months supply is a balanced market.

Less than 6 months supply is a Sellers market.

More than 6 months supply is a Buyers market.

Still a Buyers Market – HALF MOON BAY through MONTARA, CALIFORNIA with 15.7 months supply.  This is a decrease from past weeks.

Active Listings continue to stay high,though the number of active listings has not been at this level since the first of the year.  This is a very encouraging sign for Sellers. Still, just under half of the listings are listed at over 1 Million and 11% at $600,000 or less. The low end of those listings are located at Martins Beach which continues to attract buyers even though the properties will have to be abandonded in 12 years.

Only 2 new Pending Sales this week.  This weeks activity was a bit of a slow down from previous weeks.

Active Listings-129 Single Family Homes with 54 listed at $1 Million or more.

4 New Listings this week in various price ranges.

Pending Sales-39 Single Family Homes with 7 listed for under $500,000 and 5 over 1 Million.

2 Properties went Sale Pending this week.

71 Homes Closed since January 1, 2009 with only 12 that closed over $1,000,000 and 8 between $900,000 and 1 Million and 11 listed at $500,000 or less. 5 homes closed this week with 3 listed between $700,000-$900,000.

Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA with 2.7 months supply. This is an increase in active listings.

Statistics remain consistent another week With the current number of Active Listings divided by the average number of homes sold YTD, there is 2.7 months of inventory of Active listings. 11 new listings this week with 5 at $900,000 or higher!

Active Listings-54 Single Family Homes. 11 listed at $900,000 or higher and 18 listed under $600,000. 11 new listings this week.

Pending Sales-46 Single Family Homes with 14 listed under $500,000 and 19 listed between $500,000 and $600,000.

4 Properties went Sale Pending this week with 3 listed under $700,000

170 Closed Sales since January 1, 2009 with 6 that were listed for over 1 Million. 74 sales were from homes listed at $500,000 or less.

5 Homes Closed this week with 2 that were listed under $500,000 and 3 between $500,000-$750,000.ABSORPTION RATE

Absorption Rate is the number of months it takes to sell the current inventory at the present rate of sales.

6 months supply is a balanced market.

Less than 6 months supply is a Sellers market.

More than 6 months supply is a Buyers market.

Still a Buyers Market – HALF MOON BAY through MONTARA, CALIFORNIA with 15.7 months supply.  This is a decrease from past weeks.

Active Listings continue to stay high,though the number of active listings has not been at this level since the first of the year.  This is a very encouraging sign for Sellers. Still, just under half of the listings are listed at over 1 Million and 11% at $600,000 or less. The low end of those listings are located at Martins Beach which continues to attract buyers even though the properties will have to be abandonded in 12 years.

Only 2 new Pending Sales this week.  This weeks activity was a bit of a slow down from previous weeks.

Active Listings-129 Single Family Homes with 54 listed at $1 Million or more.

4 New Listings this week in various price ranges.

Pending Sales-39 Single Family Homes with 7 listed for under $500,000 and 5 over 1 Million.

2 Properties went Sale Pending this week.

71 Homes Closed since January 1, 2009 with only 12 that closed over $1,000,000 and 8 between $900,000 and 1 Million and 11 listed at $500,000 or less. 5 homes closed this week with 3 listed between $700,000-$900,000.

Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA with 2.7 months supply. This is an increase in active listings.

Statistics remain consistent another week With the current number of Active Listings divided by the average number of homes sold YTD, there is 2.7 months of inventory of Active listings. 11 new listings this week with 5 at $900,000 or higher!

Active Listings-54 Single Family Homes. 11 listed at $900,000 or higher and 18 listed under $600,000. 11 new listings this week.

Pending Sales-46 Single Family Homes with 14 listed under $500,000 and 19 listed between $500,000 and $600,000.

4 Properties went Sale Pending this week with 3 listed under $700,000

170 Closed Sales since January 1, 2009 with 6 that were listed for over 1 Million. 74 sales were from homes listed at $500,000 or less.

5 Homes Closed this week with 2 that were listed under $500,000 and 3 between $500,000-$750,000.

Active Listings-129 Single Family Homes with 54 listed at $1 Million or more.

4 New Listings this week in various price ranges.

Pending Sales-39 Single Family Homes with 7 listed for under $500,000 and 5 over 1 Million.

2 Properties went Sale Pending this week.

71 Homes Closed since January 1, 2009 with only 12 that closed over $1,000,000 and 8 between $900,000 and 1 Million and 11 listed at $500,000 or less. 5 homes closed this week with 3 listed between $700,000-$900,000.

Active Listings-54 Single Family Homes. 11 listed at $900,000 or higher and 18 listed under $600,000. 11 new listings this week.

Pending Sales-46 Single Family Homes with 14 listed under $500,000 and 19 listed between $500,000 and $600,000.

4 Properties went Sale Pending this week with 3 listed under $700,000

170 Closed Sales since January 1, 2009 with 6 that were listed for over 1 Million. 74 sales were from homes listed at $500,000 or less.

5 Homes Closed this week with 2 that were listed under $500,000 and 3 between $500,000-$750,000.