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Market Conditions in Half Moon Bay : Real Estate Advice

  • All43
  • Local Info10
  • Home Buying16
  • Home Selling0
  • Market Conditions2

Activity 2
Sun Jul 18, 2010
Tommy Ward answered:
I noticed that the newest answers to this question are still almost 1.5 years old now, and HMB hasn't gone bankrupt. The housing market here did take a huge hit in 2008-9, and even now seems to be very slow.

Its great being blocks from the ocean, and the value of that is not going away. Of course, placing a value on it is very subjective. In my neighborhood here in HMB, few houses are selling but this summer there is a lot of remodelling and upgrading going on. I think the people who live here who might otherwise have sold to upgrade are just improving their existing homes. If / when the economy improves, the prices may not come back to the pre-bust levels for many years, but it looks like further declines have stopped, at least for now.
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Wed Sep 2, 2009
Nate Serdy answered:
Hello Leeny,

The gated community near the Ritz Carlton is named "Ocean Colony" in Half Moon Bay. This community was originally built around a championship golf course in the mid 70's and is reaching its last building phase next year.

It is located just south of Half Moon Bay on Highway One approximately 2 miles. The cross street is Fairway Drive. The homes range from $800K up to $3million depending on the age, size, location, and quality of home. The market in this community has adjusted dramatically over the last 2 years with almost 20% decrease in values on some homes. The very fact that this community is so close to the Ritz Carlton makes this community very attractive for buying right now.

There are two golf courses now, a fitness center with pool, discounts at the Ritz , other restaurants, and golf for being a homeowner.

In order to preview homes you must be with a Realtor or visit during open house times. If you are wanting to visit or have any further questions, a Local Realtor, like myself, will be more than happy to help you.
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