Market Update

HOMES

Closed sales in August were looking dire until one sale recorded the last day of the month. PHEW! A home on the north side of Bodega Harbour closed $45,000 below its $1,995,000 asking price. This home was completely remodeled in the last year and closed after 22 days on the market. Given that there were no homes with accepted offers in July, we should not have been surprised.

More encouraging was the five new listings this month – three in Bodega Harbour, one in Sereno Del Mar and another in Salmon Creek, priced from $915,000 to $2,195,000. The Swan Drive home homes benefitted from recent significant renovations. There are now nine homes for sale in Bodega Bay.

Four homes had accepted offers this month. Priced from $920,000 for a 15 year old manufactured home on Hwy 1 to a 40+ year old Bodega Harbour home in original condition listed at $1,795,000.

LAND

Two parcels of land closed escrow this month – both were on market for under 60 days and closed very close to asking price. We now have four lots for sale in Bodega Bay. 

Apologies for the listings that show no images, but as you may have heard BAREIS MLS was hacked and they are still working on restoring images. As you can imagine this was a major inconvenience, to say the least, for those in the Bay Area that use this service. Speaking of the Bay Area, you might find this quick video showing San Francisco real estate activity for August interesting.

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As always, if you would like more details on any of the information above, feel free to email us.