We saw six closings in August ranging from $325,000 for a fixer on the Gleason Beach bluff with erosion issues to a $1.6M home in Bodega Harbour. The Bodega Bay median sale price for the year ending August 31, 2018 is $979,000, up 15.2% over the same period last year. On a month-over-month basis, we’re down from $990,000 in July and have seen slight decreases in the median price each month since May. Perhaps this is evidence of a slowing market?
Sales activity picked up after summer vacation came to a close. Eight home were placed in escrow with asking prices ranging from $649,000 for a Village cottage to a Bodega Harbour home for $1,775,000. Bodega Bay’s active listings remain low with just 17 homes for sale – and Bodega Harbour has just four!
Good land activity this month with two lots sold – one lot on Los Santos in Sereno del Mar at $300,000 and a 52-acre parcel on Bay Hill Road which closed at $938,000. There were also two lots with accepted offers – a Bodega Harbour parcel listed at $235,000 and a twenty-acre parcel on Highway One listed at $483,000.