Median Prices & hyper-local trend watch
With the possibility of a temporary raise to the conforming loan limit for markets such as the San Francisco Bay Area, there is lively discussion here in the blogosphere about how this may alter our local trends. Here’s a look at median price graphs for the last 90 days closed sales for Half Moon Bay, El Granada, Moss Beach, Montara and Pacifica. Ninety days is a relatively short period of time in a slower market; for more graph detail of market indicators spanning the last 360 days, including quartile markets and other cities, visit my Local Stats page.
HMB 90 day activity: 12 closed sales ranging from $645-$1,865K.
EG 90 day activity: 3 closed sales ranging from $720-$865K.
MB 90 day activity: 2 closed sales ranging from $620-$833K.
Montara 90 day activity: 4 closed sales ranging from $740-$1,845K.
Pacifica 90 day activity: 25 closed sales ranging from $449-$1,450K.
Blog mentor and friend Kevin Boer, 3 Oceans Real Estate, gives a detailed scenario of how this could change our monthly cash flow…