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November, 2009:

Monday Morning Market Update November 30, 2009 Wk#47

Buyers were out again this weekend and seriously looking with their agents.  This will be the time that will be remembered as having some of the best real estate deals.  Inventory is low due to homes taken off the market as the Holiday Season approaches.

Still a Buyers Market – HALF MOON BAY through MONTARA,CALIFORNIA with just under half of the listings listed at over 1 Million. The Million plus price range is finally seeing activity with 20% of sales in that price range.

Active Listings-108 Single Family Homes. 44  listed over $1,00,000, 18 listed under $600,000
Pending Sales-24 with 11 listed under $700,000 and 7 over $1 Million.  No new pending sales this week.
121 Homes Closed since January 1, 2009 with  31 that closed under $600,000 and 21 over 1 Million.

PACIFICA, CALIFORNIA
With YTD sales of 219 and active listing at 46, Pacifica continues to be a Seller’s market.

Active Listings-46 Single Family Homes. 9 listed over $900,000, 19  listed under $600,000
Pending Sales-47 with 20 listed under $500,000. 5 new Pendings this week all under $700,000.
219 Homes Closed since January 1, 2009 with  82 that closed under $500,000 and 72 between $500,000- $600,000.  One  closing this week

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

Monday Morning Market Update November 23, 2009 Wk#46

This weekend the open houses were very well attended once again. Buyers are looking at properties for the second or third time, still trying to make a decision to purchase.  Some buyers have lost a few houses they liked due to waiting too long to make an offer before the house got sold.  A home that sold for $1.9 million 2 years ago, closed for $1.1 million last week.  This will be the time that will be remembered as having some of the best real estate deals.  Inventory is low due to homes taken off the market as the Holiday Season approaches.

Still a Buyers Market – HALF MOON BAY through MONTARA,CALIFORNIA with just under half of the listings listed at over 1 Million. The Million plus price range is finally seeing activity with 20% of sales in that price range.

Active Listings-108 Single Family Homes. 46  listed over $1,00,000, 17 listed under $600,000
Pending Sales-24 with 11 listed under $700,000 and 7 over $1 Million.
121 Homes Closed since January 1, 2009 with  31 that closed under $600,000 and 21 over 1 Million.

PACIFICA, CALIFORNIA
With YTD sales of 214 and active listing at 50, Pacifica continues to be a Seller’s market.

Active Listings-50 Single Family Homes. 10 listed over $900,000, 21 listed under $600,000
Pending Sales-44 with 18 listed under $500,000. 6 new Pendings this week. 3 under $500,000
217 Homes Closed since January 1, 2009 with  82 that closed under $500,000 and 71 between $500,000- $600,000.  No Closings this week

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

New Listing! Beautifully Remodeled by the Sea – El Granada, CA

151 Shelter Cove, El Granada, CA 94018

See more property views here: www.151sheltercove.info

Enter into the warm and cozy living room with a red brick wood burning fireplace flanked by built-in bookcases. Step into the gourmet kitchen with granite counters, tumbled stone backsplash with granite accents, extra deep/wide quartz composite sink, instant hot water dispenser, new dishwasher, maple cabinets, breakfast counter, solar tube skylight, recessed lights, dining area with Infinite speakers, and maple laminate flooring with access to the level, fenced backyard.

Off the kitchen dining area are sliding doors to your deck and backyard. Currently the backyard has grown organic edibles in raised beds, barrels and pots. The front yard has organically grown blueberry bushes, Meyer lemon, and barrels with organic edibles. The rest of both yards are low maintenance with salt & pepper pebbles and small river rock. The backyard is a perfect setting for a fire-pit sitting area, children’s play set, trampoline, hot tub with gazebo, or ?. Around the corner of the deck is a spacious sauna, outdoor shower and a storage shed for bikes, surf boards and lawn supplies.

There are several options for using this versatile floor plan. There are two Master Bedroom options determined by which floor of the house you prefer and size of the room. Both Master Bedrooms have remodeled, very nice bathrooms. The upstairs bedroom is approximately 20 x 19 with a cathedral ceiling. The closet has a 12 ft interior height for extra storage and a wall of mirrored doors. The front facing wall has a built-in desk and bookshelves surrounding a picture window. This has been a great place to home school and is now part of a Master Bedroom retreat where activities and sewing projects take place. This room is so spacious it also has an additional office nook. This upstairs room will allow you to choose whether you use it a Master Bedroom, Family Room, Guest Suite, Office, Music, Hobby room or ? The remodeled upstairs bathroom has radiant heated floor, Hans Grohe fixtures with a luxurious shower system that includes an adjustable-height shower head and body sprays. The main floor Master Bedroom has a pocket door to access the remodeled bathroom.

The house is in excellent condition, newly painted, and has been loving cared for. See the entire list of quality upgrades. The Clipper Ridge Subdivision borders open space and was repaved 4 years ago as well as upgrading the play structures. The association fee is just $88/year. The neighborhood park is a perfect place for pets and kids. The owners have loved living in this home and in the neighborhood. They can see mountains looking out the living room window and reminisce on the great hikes they have taken there. Just a short distance is the Harbor area with shops, restaurants, ocean activities and the start of the Coastal Trail.

Asking Price: $629,000
MLS: 80953771
Sq. Feet: 1440
Lot Size: 5115
Bedrooms:  3
Bathrooms:  2
# of Floors:  2
Garage Size:  2
Subdivision:  Clipper Ridge
Year Built:  1969

Hi Kathy!
This looks great!   If you can easily add the address to the realestateshows.com – that’s great.

I will add it to the blog, etc..

I will double check Postlets, Craigslist, etc as well.

Untitled DocumentRegards,

- Mary

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