Pacifica, Montara, Moss Beach, Half Moon Bay Coastal Communities

I woke up this morning and decided to think out loud.

The sales in the coastal communities have slowed down a bit, more so then some of the other cities in the area, such as Daly City, South San Francisco, San Bruno.

A few thoughts along those lines. I pulled up info on Short Sales and Bank Owned Properties in Daly City, South San Francisco and Millbrae and did a comparison to the coast. AH. We already knew this; Daly City by far had the most bank owned properties, thus they are selling and at a discount, so much that the new comps for the area really do have to factor in those sales. I have to admit, really attractive prices !!

Millbrae did not have very many Bank Owned at all.

The coastal communities do have some bank owned properties, but not the same volume of homes. The interesting thing is that although there are some bank owned properties in the areas, they are not selling as fast as the Daly City and South San Francisco bank owned properties. I find this all interesting and do believe that this will change in the near future. I think, for those searching for a discounted price, and don't mind coastal communities, they will discover what they can get for their money. It's all relative. I'm only thinking out loud, but I tour the coastal communities as well as almost all of San Mateo county, and have viewed very nice bank owned properties that I was sure would sell within a matter of two weeks, and they didn't. I really believe as soon as people view some of these, they will sell.

It's one of those things; when things are slow the coastal communities get really slow, but when things pick up, the coastal communities, really move.

My office is in Burlingame and I really enjoy the Millbrae, Burlingame, San Mateo area. There are some great opportunities there too.

I'm just really sharing my today's thoughts about the coast.