Bodega Bay Market Update for April 2021
Well, we are one-third of the way into 2021 and May is “in like a lion” with the windy weather we are having. The market is roaring as well and, once again, new records were broken for the Bodega Bay median price last month – it reached $1,225,000 for the first time. Bodega Harbour’s median price hit $1,360,000, slightly above where it has been since January.
Two homes had accepted offers last month – one in Bodega Harbour and the other in Sereno Del Mar and both were in escrow within ten days of coming on the market (details here). Six homes closed escrow this month – four in Bodega Harbour and two in the Village (see them all here). The 20100 Oyster Catcher Loop home received eight offers and, despite an estimated $100,000 in deferred maintenance, it sold for $101,000 over asking price. The home on Grebe Court was perhaps an even more remarkable sale as it received a pre-emptive offer within days of hitting the market and sold $400,000 over asking. This buyer had missed out on several other homes when competing with other buyers in multiple-offer situations. In this case they clearly wanted to avoid that outcome.
Two lots sold in Bodega Bay this month – a view lot in North Bodega Harbour for $425,000 and a challenging parcel in Salmon Creek for $50,000. Given the septic constraints, we can’t see how this lot is buildable but these kind of sales pop up once in a while and unless it is a neighbor looking for view protection, it is a mystery (details on both sales here). 20973 Pelican Loop also went into escrow this month and was listed for $799,000.
As always, if you would like more details on any of the information above, feel free to email us.