Bodega Bay Market Update for October 2018

Home Sales

We saw five closings in October, ranging from $495,000 for a one-bedroom, one-bathroom cottage in Salmon Creek to $1.8M for a 3600 square foot home in Bodega Harbour. The Bodega Bay median sale price for the year ending September 30 is $995,000, up 12.7% over the same period last year. For Bodega Harbour, the median sale price is now $1,058,250 – up 7.4%.

Three homes were placed in escrow last month with asking prices ranging from $375,000 for a tiny home in the village to $1,295,000 for a home in Sereno del Mar. Bodega Bay’s active listings remain low with just 17 homes for sale with a median list price of $1,249,000 for Bodega Bay and $1,223,000 for Bodega Harbour.

Land Sales

One lot sold this month – a 20-acre parcel on Highway One sold for $480,000. This parcel sits high above town near the BBPUD water tanks with lovely views of the Bay and Bodega Head.

In general, it seems that there has been a slowdown beyond the seasonal drop in interest from buyers. The current market seems to be more balanced following a strong seller’s market that we have experienced for several quarters. However, for well-priced ocean view homes in good showing condition under $1M, the demand remains strong.

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.

or click here for a real-time Market Report for Bodega Bay

 

BB Summary for October 2018