Yearly Real Estate Update 2007
The year 2007 proved to be very similar to 2006 and in the end although it felt like sales were very slow, we ended by with only 18% fewer sales, mostly in the Gualala and Irish Beach areas. The Sea Ranch held stable and Timber Cove was way up. The coast properties seem fairly isolated from the effects of the recent financial crisis and concerns over housing and we are anticipating a fairly good year for sales with prices holding and perhaps even modest appreciation.
Lot and Land sales were and still very slow although escrows were picking up towards the end of the year!
HOME SALES BY AREA
Anchor Bay 6
Annapolis 0
Elk 3
Gualala 12
Irish Beach 1
Iversen 4
Mancester 1
Point Arena 5
The Sea Ranch 61
Timber Cove 8