Many people dream of buying coastal property in Half Moon Bay. It is a scenic location with so much to offer. However, there is a lot to know before buying your dream home in Half Moon Bay. Read on to learn a little about what you should know about Half Moon Bay.
Half Moon Bay Real Estate Market Watch
As of January 2024, the median list price of homes in Half Moon Bay was $1,889,000. Real estate data changes daily. Contact the Coastal Agent team for help buying and selling homes in Half Moon Bay.
Factors to Consider Before Purchasing Your Coastal Property
Understanding Your Needs
You know you want to live in Half Moon Bay, but there is more to consider. What else do you need or want from a home? How many bedrooms or bathrooms do you need? Think about the local schools if you have kids. You might also want to consider proximity to shopping, parks, restaurants, and more.
Knowing What You Can Afford
It is also important to assess your budget before starting your search. As you know, homes in Half Moon Bay can be expensive. Determine what you have available for a down payment and what you can afford in monthly mortgage payments. Consider additional costs like property taxes and insurance. You may also want to meet with a lender to get preapproval for your mortgage loan.
You’ll Have Different Types Of Neighbors
Half Moon Bay, close to Silicon Valley and with a serene coastal feel, draws many different people. Residents can connect with generations of fishermen at the docks. You might meet artists who find inspiration in the tranquility. The area is also a great place for retirees.
Outdoor Activities
One of the benefits of Half Moon Bay is the many opportunities for outdoor activities. You can take a trip to Purisima Creek Redwoods Preserve. The beaches of Half Moon Bay are perfect for swimming, surfing, snorkeling, and more. You also have the Coastside Trail for biking, walking, and jogging by the water.
Cost of Living
Living in Half Moon Bay is pricey. Costs for most things tend to be higher. Housing costs are significantly higher than in the rest of the country. Transportation costs are also high.
Property Maintenance
Owning a coastal property may require more maintenance. Living by the sea means higher risks for issues like flooding and erosion. However, there is a lot you can do to mitigate these issues. For example, coastal gardening reduces maintenance and protects the property.
Embrace Coastal Living with Us!
Ready to dive into the world of coastal real estate? Whether you’re buying or selling, we’re here for you. Click here to learn more about us, and let’s start your coastal property journey.
Are you interested in learning more about coastal real estate trends and tips? Click here for our blog page.
Thanks for visiting!
