Real Estate Market

Featured Listing

Featured Listing

For Sale: $2,499,000

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Coastal Real Estate Market Trends

Overview of Half Moon Bay Market Trends Plus El Granada, Moss Beach, Montara, Pacifica Markets

The median list price in Half Moon Bay is $1,530,000. The median list price in Half Moon Bay went down 4% from October to November. Half Moon Bay's home resale inventories is 34, which increased 3 percent since October 2018. The median list price per square foot in Half Moon Bay is $646. October 2018 was $652.
 
Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in November. Half Moon Bay, California real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Half Moon Bay homes for sale market.

 

 

 

 

 

 

 

Half Moon Bay Market Trends

 

Down Payment Dilemma

 

Third Quarter Housing Affordability

Flat home prices, stable interest rates lift California housing affordability, C.A.R. reports

Twenty-seven percent of California households could afford to purchase the $588,530 median-priced home in the third quarter of 2018, up from 26 percent in second-quarter 2018 and down from 28 percent a year ago.


A minimum annual income of $125,540 was needed to make monthly payments of $3,140, including principal, interest, and taxes on a 30-year fixed-rate mortgage at a 4.77 percent interest rate.
Thirty-five percent of home buyers were able to purchase the $479,390 median-priced condo or townhome. An annual income of $102,260 was required to make a monthly payment of $2,560.

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Client Testimonials:

"After interviewing several realtors we chose Kathy & Michael Rain to sell our Pacifica home. We were impressed with their initial presentation and never disappointed through the entire process. They did their homework to determine the right asking price, which was well over other realtors estimates, produced beautiful brochures, listed the property on every website possible, and held open houses until we sold. Michael also walked us through the legal side of the process and has the experience & expertise that made us feel at ease. We knew that the price point for our large home was above that of the typical smaller homes in the area and would extend the marketing time, but it was worth the wait with the full price offer we received. Although several agents approached Kathy with lower offers, she was always ready with comps and a very logical argument supporting our price point. We truly feel that using the Rain team got us the best price for our home and would recommend them to anyone considering selling their home."

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~ Michael & Kathy

The San Mateo Coastal Real Estate Blog discusses new items of interest regularly. Topics range from those related to real estate and community highlights to local events of interest or anything personal or business related that might be perceived as worthwhile information for public knowledge, discussion and/or use.

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Contact Information

Photo of The Rain Team Real Estate
The Rain Team
CA# 01169588 | CA# 01125976 | CA# 01908304
248 Main Street, Suite 200
Half Moon Bay CA 94019
Michael: 650-888-6361
Kathy: 650-888-6903
Fax: 866-396-0207

Kathy and Michael Rain of Coldwell Banker provides real estate services in the San Mateo County, California area including the surrounding communities: El Granda, Half Moon Bay, Montara, Moss Beach, Pacifica and San Mateo. Search for homes in San Mateo County. We list and sell residential real estate, investment properties, vacant land, lots for sale in the San Mateo County, California area.

Licensed in the State of California

Kathy Rain - CA BRE# 01169588 | Michael Rain - CA BRE# 01125976 | Coldwell Banker - CA BRE# 01908304
Cell Phone: (650) 888-6903 * Direct Phone: (650) 712-0411
San Mateo County Real Estate and Homes for Sale

Equal Housing Opportunity