Bodega Bay Market Update for August 2018

Home Sales
We saw six closings in August ranging from $325,000 for a fixer on the Gleason Beach bluff with erosion issues to a $1.6M home in Bodega Harbour. The Bodega Bay median sale price for the year ending August 31, 2018 is $979,000, up 15.2% over the same period last year. On a month-over-month basis, we’re down from $990,000 in July and have seen slight decreases in the median price each month since May. Perhaps this is evidence of a slowing market?
Sales activity picked up after summer vacation came to a close. Eight home were placed in escrow with asking prices ranging from $649,000 for a Village cottage to a Bodega Harbour home for $1,775,000. Bodega Bay’s active listings remain low with just 17 homes for sale – and Bodega Harbour has just four!
Land Sales 
Good land activity this month with two lots sold – one lot on Los Santos in Sereno del Mar at $300,000 and a 52-acre parcel on Bay Hill Road which closed at $938,000. There were also two lots with accepted offers – a Bodega Harbour parcel listed at $235,000 and a twenty-acre parcel on Highway One listed at $483,000.
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 August 2018