Monday Morning Market Update – Wk#49 December 14, 2009

Half Moon Bay to Montara had 8 new listings this week with 4 of them listed over $999,000.  Total active listings are 104 as the year is winding down to a close.  2 properties went sale pending this last week with one that was listed over a million and the other under $550,000.  YTD sales are 128 with 4 new closings this week.  1 was listed over 1 Million.

Open houses this week have finally slowed down.  Maybe it was the rain or just the time to get the Holiday shopping completed.  The market is still favoring Buyers. 

Pacifica had 8 new listings this week with 2 listed for over a Million dollars.  Brings the total of active listings to 47.  6 properties went sale pending this week.   All were listed at $698,000 or less.  There are 45 pendings.   6 new closings this week, all listed under $800,000,  brings the total closed homes YTD to 226.  Still a sellers market with low home inventory.

Next week will be our last week to report 2009 sales.    We don’t see any surprises before the end of the year.  The market has reacted to the Holiday Season.