Coastal Market Review

MONTHLY MARKET UPDATE 1/2/2012

HAPPY NEW YEAR!!!  Last month was amazing when you consider that 10 new escrows is what we had this summer.  It proves that there are buyers out there and they are getting some good deals!  Over the next week I well be pulling together all the sales data for the year and will do a yearly update soon.  In December there were 11 new listings, 10 escrows and 11 sales. 

Homes Sales: Anchor Bay (2) $130,000 - $275,000, Gualala (1) $290,000, Irish Beach (1) $285,000, Point arena (1) $445,000, The Sea Ranch (6) $270,000 - $620,000.

Home Pendings: Anchor Bay (2) $275,000 - $700,000, Gualala (1) $130,000, Iversen (1) $379,000, Irish Beach (2) $299,000 - $429,900, The Sea Ranch (3) $349,000 - $995,000, Timber Cove (1) $526,313.

New Listings: Annapolis (1) $1,200,000, Anchor Bay (1) $160,000, Gualala (2) $119,000 - $475,000, Manchester (1)$525,000, Point Arena (1) $274,000. The Sea Ranch (4) $445,700 - $885,000, Timber Cove (1) $349,000 

 

AL the Albatross is Back!!!

Front page news, Al the albatross has returned for his (or her) 19th year!  People were beginning to get a little concerned because Al usually shows up in November.  This lone albatross spends the winter in the small coastal town of Point Arena and is a very unusual phenomenon.  Welcome back Al!

Monthly Market Update 12/1/2011

November continued to be beautiful both in weather and real estate activity.  Escrows continued at their fast pace and sales were more than double reflecting October's number of new sales.  It will be interesting to note if sales continue into December. 

Home Sales: Gualala (2) $115,000 - $155,000, Point Arena (2) $130,000 - $300,000, The Sea Ranch (8) $335,000 - $875,000.

Home Pendings: Anchor Bay (2) $299,000 - $349,000, Gualala (2) $145,000 - $700,000, Irish Beach (1) $725,000, The Sea Ranch (5) $359,900 - $800,000.

New Listings: Anchor Bay (2) $130,000 - $1,850,000, Gualala (3) $250,000 - $2,875,000, Irish Beach (2) $359,000 - $449,900, Manchester (2) $495,000 - $1,395,000, The Sea Ranch (6) $395,000 - $1,100,000.

 

 

 

 

MONTHLY MARKET UPDATE 11/1/2011

October was a great month, the weather was beautiful and the sales were up!!  This is the time of year we can get visitors all the way until Thanksgiving if the weather stays nice.  With the low, low interest rates, I think people are deciding it might be time to look back into real estate as an investment opportunity.  There were14 new listings, 12 went into escrow and 5 closed sales ( a reflection of the past few slow months).

Home Sales: Anchor Bay (1) $950,000, Gualala (1) $150,000, The Sea Ranch (3) $347,500 - $1,250,000

Home Pendings: Anchor Bay (1) $275,000, Gualala (3) $145,000 - $290,000, Point Arena (1) $134,500, The Sea Ranch (7) $439,000 - $898,000

New Listings: Annapolis (1) $595,000, Gualala (2) $399,000 - $775,000. Elk (1) $745,000, Irish Beach (2) $449,900 -  $795,000, Iversen (1) $685,000, The Sea Ranch (7) $449,000 - $1,295,000

 

 

MONTHLY MARKET UPDATE 10/1/2011

On the Coastal Area of Sonoma & Mendocino Counties, much of the real estate done during the year happens in the summer when peopleflock to the coast to enjoy the cooler temperatures and of course the ocean.  While we seemed to have a good amount of visitors, real estate sales were off.  I am sure the economy (or lack thereof) has a great deal to do with this but we are seeing some unbelievable prices and interest rates are at historic lows and I can't believe we haven't seen more activity.  In September there were 9 new escrows, 8 closed sales and 14 new listings.

Homes Sales:Annapolis (1) $172,200, Gualala (2) $160,000 - 4365,000, The Sea Ranch (4) $445,000 - $855,000, Timber Cove (1) $350,000.

Home Pendings: Gualala (2) $153,000 - $179,000, Irish Beach (1) $259,000, Point Arena (1) $475,000, The Sea Ranch (5) $312,000 - $1,295,000.

New Listings: Anchor Bay (1) $369,000, Annapolis (1) $159,000, Elk (1) $1,389,000, Gualala (4) $275,000 - $975,000, Irish Beach (1) $259,000, Point Arena (1) $1,150,000, The Sea Ranch (5) $312,000 (escrow) -$649,000.  

MONTHLY MARKET UPDATE 9/1/2011

Labor Day brings the end of our summer season up here but hopefully we will have a beautiful Fall and lots of buyers yet to come!!  August was actually very slow for this time of year with only 7 new escrows.  Listings remained high at 24 and there were 12 closed sales.

Home Sales: Anchor Bay (1) $218,000, Annapolis (1) $537,500, Gualala (2) $239,000 - $347,000, Point Arena (1) $195,000, The Sea Ranch (7) $379,000 - $795,000.

Home Pendings: Anchor Bay (1) $900,000, Gualala (2) $175,000 - $399,000. The Sea Ranch (3) $489,000 - $559,000, Timber Cove (1) $399,000.

New Listings: Anchor Bay (3) $279,000 - $900,000 (in escrow), Annapolis (2) $359,000 - $599,000, Elk (1) 399,000, Irish Beach (2) $329,000 - $595,000, Manchester (1) $490,000, The Sea Ranch (9) $475,000 - $1,295,000.

 

Meadow West Lot Drastically Reduced!

 
Lot on The Sea Ranch has been reduced to $169,000.  Meadow West with ocean views and close to beaches.

MONTHLY MARKET UPDATE 8/01/2011

Abalone Season is back on after having the month of July off and town is filled with visitors.  Summer is a wonderful time on the coast!  Real estate has been a bit slow however and new listings shot up this past month but we keep hoping that the "tide will turn" and sales will take off.  What's not to love about this area!  There were 25 new listings, 11 homes went into escrow and there were 8 closed sales.

Home Sales: Anchor Bay (1) $214,900, Gualala (2) $135,000 - $590,000, Iversen (1) $689,750, The Sea Ranch (4) $380,000 - $772,500

Home Pendings: Anchor Bay (1) $179,000, Gualala (1) $347,000, Irish Beach (1) $795,000, Point Arena (1) $195,000, The sea Ranch (7) $379,000 - $895,000

New Listings: Anchor Bay (3) $385,000 - $700,000, Gualala (4) $175,000 - $1,495,000, Irish Beach (1) $588,000, Iversen (1) $595,000, Point Arena (2) $164,900 - $825,000, The Sea Ranch (13) $399,000 - $3,500,000, Timber Cove (1) $599,000

REO Coast View Home in Irish Beach just Reduced!!

 

 

4 bedroom home on Irish Beach Dr overlooking the 6 miles of manchester State Beach.  Reduced over $70,000 to $527,900.  The bank says "sell"!  Recently redone inside with an open floor plan and lovely kitchen.  Contact me at : pneth@mcn.org for more information.

OCEANFRONT SHORT SALE on The Sea Ranch

 
 
Just listed!! The bank has agreed to listen to an offer of $800,000 on this fabulous Bob Hartstock designed home built in 1998.  Uniquely designed for comfort, style and a twist of character!  Gourmet kitchen with granite counters, concrete floors with radiant heat, 2 bedrooms plus an office, several view decks, close to beaches and trails.  For more information email: pneth@mcn.org