Coastal Real Estate and Lifestyles

Half Moon Bay’s 94019 zip code has a greater inventory of homes on the market than a year ago.

The chart below shows Half Moon Bay’s zip code 94019 historical listing data for inventory trends.  This Altos Research chart shows inventory of single family homes and condos from 2005 to now.

This chart shows that we’re in our spring inventory dip - even though inventory is at an all time high.

In the last two weeks, the Half Moon Bay coastside has seen 17 new listings.  Of that 17, 1 is now in pending, and 1 has already had a price reduction.  The pending sale was a re-list that was first listed in October 2008 for $620K; this most recent “new” listing of the same property is now an REO (bank owned) property listed for $400K and sold in 2 days.

In the last two weeks, Pacifica has also seen 17 new listings.  Of that 17, 1 is now in pending.  This pending is also a re-list.  It was listed for $620K in June 2008 and has steadily come down in price with the last list price when it went into contract at $389K.

We won’t know either of the sale prices until after the close of escrow.