Thursday, May 13, 2010

The San Mateo County Coastside real estate inventory for the middle of May 2010. Real Estate has been in the news nationally and internationally over the past year or two. It has had major impacts on the financial markets, related industries, and many personal lives. With that said real estate is very localized. Inventory which is determined looking at active and pending sales can vary widely. On the coast between Half Moon Bay and Montara.

This is what I found:

36 homes priced at $600,000 and under, a 2.25 month supply of inventory.

16 homes sale pending under $600K
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This means it would theoretically take two months to sell all the homes currently for sale.
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Homes priced from $600K - $800K a 2.3 month supply

30 homes for sale in this range

13 homes sale pending in this range
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Homes priced from $800K - $1m 14 month supply

28 homes for sale

2 sale pending
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Homes priced over $1,000,000 12.5 months of inventory

50 homes for sale over $1m

4 homes sale pending in this range.

Please contact me with any questions you might have about real estate!