With interest rate reductions seemingly delayed until early summer, we had remained in a real estate funk on the coast with little activity overall. However, there does seem to be an increase in buyer activity as fairly-priced listings get quick and eager interest. If we get some improvement in inventories over the next couple months, this buyer activity could be an potential indicator of an improved market overall later this year. We’re optimistic.
Homes
One new listing this came on the market this month and it has already closed escrow. Located in Bodega Harbour and overlooking the first fairway to the beach, the views were exceptional. Built in 1979, the 2,000-square-foot plus tri-level home was largely in original condition. Listed at $1,980,000 received just one offer and closed for $1,980,000.
Two other homes closed escrow this month. 360 Driftwood Avenue closed escrow at $710,000, about $30,000 over its asking price. This water tower-styled one-bedroom home in Salmon Creek was in need of significant renovations. Three offers were received and escrow closed within three weeks of listing. 1220 Windy Lane was also on the market for just three weeks before garnering three offers and closing at it’s $1.1M asking price. This vintage two-bedroom two two-bathroom 1949 home in the village had been completely remodeled and had pleasant bay views over rooftops below. At just under 1700 square feet and well-lit with natural light, it had much appeal.
Currently there are no homes in escrow in Bodega Bay.
Land
20973 Pelican Loop in Bodega Harbour was listed at $1.1M in June of 2023 with BHHA-approved plans by James McCalligan. It closed escrow at $993,000 after 215 days on the market.
More Info
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