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. Active Listings-120 Single Family Homes. 52 listed over 1 Million, 15 listed at $900,000 to 1Million.Pending Sales-41 with 11 listed under $600,000 and 10 [...]
Posts under ‘Coldwell Banker’
Tax Credit: Expand? Extend? Expire? Market Update by Rick Turley, President CB SF Bay Area
The question everyone is asking is, will the government expand, extend or simply let the $8,000 first time home buyer tax credit expire. With just over 50 days left until it is expires, the debate is on and everyone is anxiously awaiting the result. Whichever side you take on the debate, what you can’t deny [...]
Happiness!
Murray and Jenny McKinnell signing the papers for their new home in Millbrae. Over 6 months of looking for their new home and finally the perfect place for them to raise their two little girls, Hannah and Vanessa. A magical moment in their life. The look on their faces says it all. Happiness! When you [...]
Monday Morning Market Update September 28, 2009 Wk#39
Our Fall Selling Season is in full swing as Pending sales are consistent in Pacifica and increasing from Half Moon Bay to Montara with last week’s sales being the highest in the last 30 days. The under $700,000 market is the most active. The homes that closed this week were evenly divided with half that [...]
Monday Morning Market Update September 21, 2009 Wk#38
This is our Fall Selling Season and statistics have been really consistent since Labor Day. Any sales have been replaced with new listings which are being priced to sell. Buyers have been out at Open Houses and many are looking for their second or third home as they think about coming to the coast. Yesterday, [...]
Is the Patient-Buyers & Sellers-Finally out of Intensive Care?
We’re seeing signs that the Coast has hit the bottom of the Real Estate Market. We are getting some multiple offers on well priced homes in the lower price range. Investors are looking at the Coast for their second and third homes. Doesn’t everyone want a Cottage at the beach? So let’s look at what Rick Turley has [...]
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 [...]
Are you thinking. . . ?
Are you thinking. . . ? “Maybe now is a good time to move up to a bigger home in the neighborhood where I want to live…I can take advantage of the low interest rates and home prices…But, I won’t get what I want for my current home if I sell now… So, maybe I [...]
Monday Morning Market Update September 7, 2009 Wk#36
September has arrived, kicking off the second half of the year’s selling season. September and October are historically some of our best weather months on the coast and with the low interest rates and fabulous prices, we expect to see increased sale activity. However, this week 5 homes went Sale Pending which is good for the [...]
So Much for a Sleepy Summer
by Rick Turley Generally speaking the Bay Area real estate market has seen a bit of a bounce this summer with sales increasing in all categories—from the entry level homes and condos to the high-end market. National figures showed June with an 11% increase in home sales and the Bay Area seemed to share that [...]
