Bodega Bay Market Update for December 2018

Home Sales
As usual, we had a quiet December on the coast with just two homes having accepted offers and four homes closing escrow.  Inventory picked up a little but remains low with just fifteen homes available in Bodega Bay.

Compared to 2017, the median price in 2018 was up 5.8% to $979,000 for all of Bodega Bay and up 2.2% to $1,052,000 for Bodega Harbour. Bodega Bay’s median price has finally reached the 2005 peak of $985,000. It will be interesting to see how the next six months pan out as the median price plateaued at $990,000 in June. 

Land Sales

Two Bodega Bay parcels had accepted offers this month – both on Sea Way in North Bodega Harbour. A lot on Sea Way closed escrow for $325,000. For the year, ten parcels sold in Bodega Bay, down from thirteen in 2017. The median sale price in 2018 was $324,500 – about the same as the 2017 median of $325,000. We have finally reduced the inventory of land listings to seven, a huge change from early 2016 when it was twenty-two.

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 December 2018