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Coldwell Banker

New Years blog-dedicated to Bobbie and Debbie who will be the best breast cancer survivors ever!

2009 is wrapping up and most people can’t wait for it to be over.  Maybe part of this is finishing the Holiday Season.

It’s been said that the gathering of the clan brings a rush of adrenaline to the calmest.  Holiday stress comes in several forms.  First there is the last minute shopping that the brawny gender finds as stressful as divorce and death.  Maybe there is a correlation somewhere.

Secondly, there is the anticipation of getting reacquainted with the relatives. What self respecting family member isn’t concerned with  wanting a fun, pleasant reunion.  I just try to keep the names straight to remember which of the 3 Jeff’s, 4 Mike’s and 2 Terry’s belong to which cousin.  Family reunions this year were filled with good intentions and kindness as well as yelling, stress and meltdowns.

Being Realtors, 2009 is a year we will remember.  It’s not because business was slow because it actually picked up the last half of the year and we were doing business through till the end.  It is because we learned some valuable lessons that we will carry with us for decades to come.
Like most people, we learned what the most important things were to us in our life.  We ate out less and had more friends come over to dine.  Cooking together and planning the menu turned out to be more fun than going to a restaurant.  Walking across the Golden Gate Bridge and into Sausilito with a Ferry ride back was a mini vacation.  Exploring hiking trails and our own cities’  landmarks was as much fun as being a tourist in London or the Amalfi coast.  Family, friends, pets, gardens, home, all took on new meaning that reminds us of how precious what we have in our life is.  And, maybe, that
was the point of 2009, valuing what we have.  So different from past years where everyone seemed to value what they wanted to get.
As the yearwinds down, we become introspective on how 2009 ranks against years past.  There was less of some things yet so much more of what we found to be really important.  2009 was the year where we hugged each other, family and yes, even clients, more.
On New Year’s Eve this year there will be a Blue Moon.  How fitting to end this year with a second full moon.  The next Blue Moon on New Year’s Eve won’t be until 2028 so this is pretty special.  A gift of nature, a free gift that is rare yet all can enjoy.  A perfect ending and a perfect beginingto 2010.

Monday Morning Market Update Wk#48 December 7, 2009

This past week, our listings all had multiple showings.  The open houses this past Sunday were slow.  Could have been the weather, the football games or the season.  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 $900,000  plus price range is finally seeing activity with 25% of sales year to date.

Active Listings-106 Single Family Homes. 45  listed over $1,00,000, 18 listed under $600,000. 6 New Listings this week with 4 having been on the market and now relisted and  1 over $1Million.
Pending Sales-25 with 9 listed under $600,000 and 8 over $900,000.  4 pending sales this week with 1 over 1Million.
124 Homes Closed since January 1, 2009 with  32 that closed under $600,000 and 32 over $900,000.  3 closings this week with 1 listed over 2 Million.

PACIFICA, CALIFORNIA
With YTD sales of 224 and active listing at 49, Pacifica continues to be a Seller’s market.

Active Listings-49 Single Family Homes. 10 listed over $900,000, 21  listed under $600,000.  7 new listings with 4 under $600,000 and 1 over 1 Million.
Pending Sales-47 with 20 listed under $500,000. 3 new Pendings this week.
224 Homes Closed since January 1, 2009 with  83 that closed under $500,000 and 73 between $500,000- $600,000.  2 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

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