Bodega Bay Market Update for February 2019

Homes
Two homes closed escrow during the month – a tiny home on the bay sold for $529,000 and a Sereno Del Mar home on one-half acre sold for $1,130,000 (view them here). New business picked up from January and included four homes with accepted offers (versus two in January). The listing price ranged from $699,000 to $1,575,000 (view them here). So far, this year has started more slowly than 2018 where we had fourteen homes with accepted offers, some partly due to fire victims, but there is a little more hesitancy out there at present. It is too early to say if this is a trend but we are watching and listening carefully.

Land
In February, one lot sold on Sea Way for $250,000 after 970 days on the market. Currently, there are nine lots listed for sale in Bodega Bay (view them here). This time last year there were twenty lots for sale and, as we predicted, sales improved as thirteen lots closed escrow over the past twelve months (view them here) versus nine in the previous year.

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 February 2019