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Last week of January 2010
Published January 31st, 2010 in Sellers, Buyers, Market Activity. by Marian Bennett, Coldwell Banker Tags: coastside market trends, coatside homes for sale.Between January 24th and 31st, there has been a flurry of activity on the Coastside. These numbers include Half Moon Bay, El Granada, Moss Beach, Montara and Pacifica.
22 new listings - 3 are at $1.2 Million and above, all in Half Moon Bay.
9 price reductions - there are some good values here; one of the best is 414 Sevilla in Lower El Granada
7 pending (continue to show or no show)
5 contingent (meaning Pending Release; another offer may be able to obtain first position over the first offer). It won’t show as “active” because an offer has been accepted but worth looking into if it turns out to be a desirable property for you.
3 transactions fell through (TFT) - not unusual in this lending environment. All 3 are in Pacifica.
About half are under $600K and have are over $600K (the over $600K group is between asking prices of $799K and $1,099K). This is a good sign.
It’s a beautiful day to cruise open houses….it’s sunny and clear. I’ll be holding 365 Coronado, Half Moon Bay CA open today from 2pm to 4 pm. This one is a short sale listing, listed by Margot Lockwood, Coldwell Banker Woodside.
No time for chocolate (my market morsel picture) today, but there will be fresh made oatmeal-butterscotch cookies at 365 Coronado that I made this morning. Stop by to say hi and bring a cookie home to someone special.
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