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A Look at the Communities Involvement in Pacifica’s Future!

Feb 8th, 2011
by Kathy Rain.
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The San Mateo Coastal town of Pacifica has long been favored as great place to live with sweeping ocean views and a vibrant community.  Its rich history includes an early American Indian society, Spanish exploration and the development of the railroad. Pacifica means “peaceful” in Spanish, and it’s this peaceful setting that draws year round visitors as well as those looking to reside permanently in Pacifica.

Pacifica is home to a large 86 acre piece of land called The Quarry due to its former use as a limestone quarry.  For years it has been debated on what this beautiful piece of land located west of Highway 1 between the Rockaway Beach area and Vallemar should be used for.  Some considered this an opportunity to build a downtown for Pacifica as this is something that isn’t currently present in this charming city.  Would shops, restaurants, and additional living opportunities be the best use of The Quarry, and how would this change Pacifica?  These are questions that business and civic leaders in Pacifica have been wrestling with, and are still considering.

Recently, PacificaPatch writer Camden Swita, interviewed Jim Heldberg, owner of Silicon Segway in Rockaway about the options for The Quarry.  Below are the two videos of that conversation.

Whether you currently live in Pacifica or are planning to move to the area; we’d love to know your thoughts!  The great thing about the San Mateo Coastal towns of Pacifica, El Granada, Moss Beach, Half Moon Bay and Montara is that they are communities that truly care about their residents and what is best for the city.  There are always ways to get involved and be heard in these communities and right now is an ideal time to be heard in Pacifica.  You can view more information, give your feedback and stay tuned to updates on PacificaPatch.com.

If you have questions about living in Pacifica or about the Pacifica Real Estate market; please let us know!  We have been helping people find homes along the San Mateo Coast for years and can help you search out the home that best fits your needs and lifestyle.  Please feel free to contact us anytime to begin your Pacifica home search!

Kathy & Michael Rain
Your San Mateo Coastal Real Estate Experts

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

Dec 14th, 2009
by Kathy Rain.
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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.

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

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