Coastside Life » montara homes

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

Kathy Rain — Thu, 31 Dec 2009 19:20:30 +0000

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 November 23, 2009 Wk#46

Kathy Rain — Tue, 24 Nov 2009 16:58:51 +0000

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

Monday Morning Market Update October 19, 2009 Wk#42

Kathy Rain — Mon, 19 Oct 2009 18:30:14 +0000

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 listed over 1Million
93 Homes Closed since January 1, 2009 with only 14 that closed over $1,000,000 and 10 between $900,000 and 1 Million.

PACIFICA, CALIFORNIA
With YTD sales of 191 and active listing at 56, Pacifica continues to be a Seller’s market.

Active Listings-56 Single Family Homes. 8 listed at $1,000,000 or higher and 17 listed under $600,000.
Pending Sales-52 Single Family Homes with 20 listed under $500,000 and 15 listed between $500,000 and $600,000. 8 Properties went Sale Pending this week with 3 listed under $500,000
191 Closed Sales since January 1, 2009 with 8 that were listed for over $900,000. 107 sales were from homes listed at $600,000 or less. 4 new sales this week.

Monday Morning Market Update September 21, 2009 Wk#38

Kathy Rain — Mon, 21 Sep 2009 18:52:14 +0000

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, in the Real Estate section of the Sunday San Francisco Chronicle, several buyers that came in to our open houses quoted an article that suggested there is going to be another wave of homes that will be in default as their interest rates adjust. Yes, this is sometime next year, however, it suggests that we have a new bottom to our market in the future. The story continues to remain the same as it always has, if you don’t plan on a purchase for the short term, then you won’t need to worry. As for sellers, if you’re moving up or even in the same geographic area, you will benefit from a new purchase which will make up for any loss on your sale.

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

Still, just under half of the listings are listed at over 1 Million and 10% 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 again, same as last week.

Active Listings-134 Single Family Homes with 54 listed at $1 Million or more.

10 New Listings this week with 6 listed for over $900,000.

Pending Sales-37 Single Family Homes with 7 listed for under $500,000 and 5 over 1 Million.

2 Properties went Sale Pending this week.

76 Homes Closed since January 1, 2009 with only 13 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 once again with 4 listed between $660,000-$815,000.

Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA with 2.7 months supply. Inventory held steady this week.

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. 8 new listings this week all listed betwen $500,000-$650,000.

Active Listings-53 Single Family Homes. 11 listed at $900,000 or higher and 15 listed under $600,000.

Pending Sales-50 Single Family Homes with 17 listed under $500,000 and 18 listed between $500,000 and $600,000.

6 Properties went Sale Pending this week with 5 listed under $550,000

172 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.

2 Homes Closed this week listed under $569,000.

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.

Monday Morning Market Update September 14, 2007 Wk#37

Kathy Rain — Mon, 14 Sep 2009 17:38:22 +0000

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.

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.

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

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.

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.

Monday Morning Market Update July 13, 2009

Kathy Rain — Tue, 14 Jul 2009 00:19:49 +0000

Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA, San Mateo County

Statistic remain consistent another week With the current number of Active Listings divided by the average number of homes sold YTD, there is a little more than 1 month of inventory of Active listings.

Active Listings-45 Single Family Homes. 12 listed at $998,000 or higher and 18 listed under $600,000. 7 new listings this week with prices ranging from $449,000 to $849,000.

Pending Sales-59 Single Family Homes with 2 listed over $900,000 and 49 listed under $600,000.
1 Property went Sale Pending this week that was listed at $499,000. This is the slowest week for pendings since the begining of the year

115 Closed Sales since January 1, 2009 with 5 that were listed for over 1 Million. 79 sales were from homes listed at $600,000 or less.
7 Homes Closed this week with only one sale that was listed over 1 Million.

Still a Buyers Market – HALF MOON BAY through MONTARA, CALIFORNIA, San Mateo County

Active Listings continue to stay at the same level week over week. Still, around half of the listings are listed at over 1 Million and 15% at $600,000 or less. 8 of those 20 listings are located at Martins Beach which seems to be trying to get whatever sales they can before the land lease expires in the next couple of years.

Of the 6 new Pending Sales this week, 3 were listed at $999,000 plus. This is a big spike for pendings in the upper price range.

Year to Date Sales are most prevalant at $700,000 or less with 21 of 49 that have closed. The high end is showing 7 closing over 1 Million and 7 closing between $900,000 and $1 Million. The Market is still favoring Buyers.

Active Listings146 Single Family Homes
10 New Listings this week with 3 over 1 Million. Active listings continue to keep steady.

Pending Sales-27 Single Family Homes with 7 listed for over $999,000 and 12 under $600,000.
3 Properties went Sale Pending this week. List prices were varied once again this week for the third week in a row with no price range being dominant.

49 Homes Closed since January 1, 2009 with only 7 that closed over $1,000,000, 7 listed between $900,000-1 Million and 21 listed at $700,000 or less.
3 Homes Closed this week with list prices of $299,000, $899,000 and $999,000

69 Active Listings are listed at over $1,000,000.

Monday Morning Market Update June 15, 2009

Kathy Rain — Tue, 16 Jun 2009 01:57:16 +0000

Sellers Market with few Homes for Sale – PACIFICA, CALIFORNIA

With the current number of Active Listings divided by the average number of homes sold YTD, there is a little more than 1 month of inventory of Active listings. Not much competition for new sellers, especially in the the under $700,000 price range

Active Listings-44 Single Family Homes. 10 listed for over $1,000,000 and 27 listed under $700,000. Declining for the third week with new listings not keeping pace with Only 5 New Listings this week.

Pending Sales-62 Single Family Homes with 4 listed over 1 Million and 33 listed under $500,000.
7 Properties went Sale Pending this week. 4 were listed under $500,000.

95 Closed Sales since January 1, 2009 with the highest list price of $1099,000 that closed at the year to date high of $999,000. 43 homes have sold for $500,000 or less.
2 Homes Closed this week, both under $545,000.

Still a Buyers Market – HALF MOON BAY through MONTARA, CALIFORNIA

Active Listings continue to stay at the same level week over week with 12 months of listing inventory. Still, around half of the listings are listed at over 1 Million and 20% at $700,000 or less which is up from last week. Pending Sales continue to be scarce in the 1 Million plus price range with still only 3. Of the 5 new Pending Sales this week, they were all across the price range at $1,499,000, $999,000, $899,000, $725,000, and $525,000 List price. No real trend for pending sales this week. Year to Date Sales are most prevalant at $700,000 or less with 16 of 38 that have closed. The high end is showing 6 closing over 1 Million and 6 closing between $900,000 and $1 Million. The Market is still favoring Buyers.

Active Listings-147 Single Family Homes
7 New Listings this week. Active listings continue to keep steady.

Pending Sales-23 Single Family Homes with 4 listed for over $1,000,000 and 13 under $700,000.
5 Properties went Sale Pending this week. List prices were varied once again this week.

38 Closed Homes Year to Date with 6 that were listed at $1 Million plus and 6 that were listed between $1 Million and $900,000. 16 were listed at $700,000 or less. 1 Home Closed this week and was listed at $1,095,000 and closed at $1,070,000. Not far off list price which shows realistic seller pricing.

Monday Morning Market Update-June 8, 2009

Kathy Rain — Mon, 08 Jun 2009 21:51:43 +0000

PACIFICA, CALIFORNIA

Active Listings-48 Single Family Homes. 11 listed for over $1,000,000 and 8 listed between $999,000 to $700,000. Declining for the third week with new listings not keeping pace with Only 3 New Listings this week.

Pending Sales-61 Single Family Homes with 4 listed over 1 Million and 32 listed under $500,000.
12 Properties went Sale Pending this week. All 12 were listed between $500,000 to $800,000.

89 Closed Sales since January 1, 2009 with the highest list price of $1099,000 that closed at the year to date high of $999,000. 67 homes have sold for $600,000 or less.
7 Homes Closed this week. All 7 were listed at $728,000 or less which shows price ranges are moving up.

With the current number of Active Listings divided by the average number of homes sold YTD, there is a little less than 2 months of inventory of Active listings. This reflects a Sellers market. It seems that most of the short sales have sold, and this weeks pending sales have taken a big jump up in price range.

HALF MOON BAY through MONTARA, CALIFORNIA

Active Listings-148 Single Family Homes
9 New Listings this week. Active listings continue to keep steady at around 150.

Pending Sales-22 Single Family Homes with 3 listed for over $1,000,000 and 12 under $700,000.
3 Properties went Sale Pending this week. List prices were varied at $525,000, $774,000 and $1,095,000.

35 Homes Closed since January 1, 2009 with only 5 that closed over $1,000,000 and 20 under $699,000.
2 Homes Closed this week both over 1 Million.

74 Active Listings are listed at over $1,000,000. New listings and pending sales are keeping pace each week. So it looks like very little change from week to week. With approximately 5 months of inventory, this is looking like a buyers market.

Monday Morning Market Update-May 18, 2009

Kathy Rain — Mon, 18 May 2009 19:43:27 +0000

PACIFICA, CALIFORNIA

Active Listings-71 Single Family Homes
12 New Listings this week.
Pending Sales-45 Single Family Homes with the highest list price of $1,395,000.
4 Properties went Sale Pending this week which is low for the year.
73 Closed Sales since January 1, 2009 with the highest list price of $899,999.
4 Homes Closed this week.
These 73 homes closed between $179,000 and $899,999. YTD, 66 homes have closed at $600,000 or less.
New listings this week outpaced the homes that went sale pending. With the current number of Active Listings divided by the average number of homes sold YTD, there is a little less than 4 months of inventory of Active listings. This reflects a balanced market at this time, not a Buyers or Sellers market.

HALF MOON BAY through MONTARA, CALIFORNIA
Active Listings-140 Single Family Homes
6 New Listings this week.
Pending Sales-26 Single Family Homes with 6 listed for over $1,000,000.
2 Properties went Sale Pending this week.
26 Homes Closed since January 1, 2009 with only 2 that closed over $1,000,000 and 14 under $700,000. These 26 homes closed between $155,000 and $1,150,000.
3 Homes Closed this week.
67 Active Listings are listed at over $1,000,000 which is almost half of the inventory.