Bodega Bay Market Update for April 2019

Homes
Four homes closed escrow in April – all in Bodega Harbour – from a modest home on Sea Way for $775,000 to a substantial home with ocean views or $1,600,000 (you can view them here). A big jump in new business – eight homes had accepted offers and the listing prices ranged from $750,000 to $1,799,000. All but one of these was in Bodega Harbour and you can view them here
 
The median asking price in Bodega Harbour is now $1.3M but the median sale price is down to $1,058,250 from $1.1M last month. The median asking price in all of Bodega Bay is $995,000 vs the Median sale price of $990,000 last month. The annual percentage rise in price is the smallest we’ve seen in two years and annual sales numbers continue to decline with just 53 sales for Bodega Bay for the current twelve months compared to 75 sales in the previous twelve months. While it is difficult to draw conclusions after one good month of strong spring demand, when the homes we have in escrow close escrow, we should see a bump in the median price and annual sales numbers.
 
Land
One parcel closed escrow this month – a parcel in Salmon Creek with an installed septic system that was listed at $335,000 and sold at full price.

More Info
As always, if you would like more details, feel free to call and don’t forget to check our website for all of the latest listings and market reports.

Click here for a real-time Market Report for Bodega Bay

 

BB Summary for April 2019