Bodega Bay Market Update for December 2019
As is usual in December, we had a quiet month on the coast with just three homes having accepted offers and four homes closing escrow. Inventory dropped significantly and there are just nine homes for sale in Bodega Bay.
Compared to 2018, the median price in 2019 was down by 1.2% to $967,500 for all of Bodega Bay but up 4.6% to $1,100,000 for Bodega Harbour. This is the first drop in Bodega Bay’s median price since 2011. It will be interesting to see how the next six months pan out.
You can view a list of all of the homes sold in Bodega Bay during 2019 by clicking here.
There were no land sales in December and just seven for the entire year, down from ten in 2018 and thirteen in 2017. In fact we have not closed a land sale in Bodega Bay since early August. The median sale price this year was $250,000, compared to $324,500 in 2018 and $325,000 in 2017. The inventory of land for sale has been holding stable at 12 lots or so for the year.
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.
BB Summary for December 2019