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

San Mateo Coastal Real Estate
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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.

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

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

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.

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

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.

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.

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.