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Monday Morning Market Update Wk#48 December 7, 2009

Dec 7th, 2009
by Kathy Rain.
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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

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

Nov 18th, 2009
by Kathy Rain.
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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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Monday Morning Market Update September 21, 2009 Wk#38

Sep 21st, 2009
by Kathy Rain.
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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.

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