Coastal Real Estate and Lifestyles

On the Coastside, buyers and sellers are still holding back with the big question marks being jobs and foreclosures.  Here’s a brief overview on the jobs front.  Even though national unemployment rate is being published today at approximately 10%, just like housing, employment figures are local too.  The western US is approximately 10.6%  This graph shows the big picture for California’s trend over the last 10 years.  California is approximately 12.3%, however Fresno County could get to 17% this year, I just read.  I believe these are seasonally adjusted numbers, but not 100% sure.  And here in San Mateo County, we are at approximately 9%. Other graphs can be seen at the Bureau of Labor Statistics site by clicking this highlighted link.

This shows San Mateo County Preliminary figures as of November 2009, not seasonally adjusted.  For the Coastside areas, look at Half Moon Bay, El Granada and Pacifica.  I don’t know why Moss Beach and Montara are not included…research for another day - probably their small size, but not sure.  You will see Hillsborough with the lowest % and East Palo Alto at the highest.  Half Moon Bay, Pacifica and South San Francisco are on par with each other at around 10%.

“CDP” means Census Designated Place, a recognized community that was unincorporated at the time of the 2000 Census.

The next release date for California’s regional unemployment numbers for December 2009 is January 22,1020.

Contact the appropriate services for more comprehensive analysis of the data.

Related Article from the Half Moon Bay Review regarding the downtown Main Street business environment in 2009.

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