Zillow sent me the link below about average housing prices in Moss Beach since 2006. I thought it was interesting, because I had just made a similar chart from MLS statistics for my open house last weekend. http://www.zillow.com/local-info/CA-Moss-Beach-home-value/r_53424/?scid=emm-101110_OctLocalPROClaim-bab
My chart is for the San Mateo Coastside so the data may be a little better; since the sampling is a larger slice of the pie, and I notice both curves show a leveling of values over the last few quarters.
Now I don’t really believe the average value (median) of housing in Moss Beach was ever 900k, which leads to the old notion of Lying with statistics. My data includes condos and places like Pacifica, which don’t always command the highest values. I have noticed over the course of time that often Moss Beach‘s average value is relatively higher then the rest of the Coastside.
I don’t believe that this means that a ‘70‘s build 2000 sq ft house in Moss Beach commands any more money then a similar one in HMB, but rather that since the sample is smaller, Moss Beach’s average values are more readily effected by a couple large ticket sales then other areas of the Coastside. Moss Beach has more cliff side, and acreage properties relative to more normal housing then other places on the Coastside.
I hope you find this interesting, and I want to express again that it appears the value of homes, not just on the Coastside, but throughout San Mateo County have leveled out, and appear to be stable, since early 2009.
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