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The Sea Ranch

  • 0494dr
    The Sea Ranch is a carefully thought out community of approximately 5000 acres. Located on the Northern Sonoma County coastline , it is internationally know and is the realization of a philosophy intergrating a community with the California coastal environment. Award-winning homes with natural wood exteriors blend with the land and the native plant landscaping. Amenities included beaches, swimming pools, tennis courts, a world class golf course, security patrol, an equstrian facility and a private airstrip. Enjoy these views of The Sea Ranch and it's breathtaking vistas! Located just 2 1/2 hours north of the San Francisco Bay Area, the Sea Ranch makes a wonderful weekend retreat or a place to live your life!

Gualala

  • Gulalach
    The "village" of Gualala was once a thriving mill town and is now a vibrant commerical center with accommodations, resturants, galleries and quaint shops. Gualala os located on the Southern Mendocino Coast, an expanse of rugged coastline, where majestic redwoods, sunny open hillsides and dramatic ocean vistas enliven the senses.

Irish Beach

  • Plenty of room to park
    Irish Beach is a charming coastal community which is just a few miles North of Mancehster. The community has about 250 home sites. Over the past 30 years about 60% of the sites have had custom homes built but there are still some lots available. The community has private beach access to a 6 mile long sandy beach.

Point Arena

  • Decsunset
    Point Arena was a bustling lumber and whaling port. Punta Arena, which means "sand port" in Spanish was one of the most active ports on the Mendocino Coast. 1879 records show that 2,300 tons of merchandise were shipped from the wharf. The town looks much the way it did in the early 1900's. Scenic farmland surrounds the city today, a large dairy is just to the North and cows and sheep are seen grazing as one travels along Highway One.

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November 2008

November 25, 2008

Dramatic Rate Drop

Good news for buyers, according to Moriah Mitchell, Sr. Loan Officer at RPM Mortgage:

The US Government has stepped in with quantitative easing of interest rates by buying the debt of Fannie, Freddie and Ginniemae. This is causing rates to drop dramatically.... Happy Thanksgiving!!!!!

 

Rates may start to compress back to normal over the next 30 days provided the Fed's keep with their quantitative easing. Historically 30 year conforming mortgages trade at 125 basis points above the 10 year treasury. This means that rates are headed to 5 percent and below.

 

The 10 year T bill is close to the 2003 lows. Expect it to go lower.

 

Posted at 02:17 PM in real estate | | Comments (0) | TrackBack (0)

November 19, 2008

The Wild Turkeys of The Sea Ranch & Gualala

With Thanksgiving just around the corner, the area wild turkeys would do well to "run and hide"!  The local turkeys don't seem to mind much, they go about their day ignoring the people, traffic, dogs, kids, whatever comes their way.  Sometimes they just stroll across the road in large groups halting traffic and often causing problems.IMG_4498

Posted at 08:41 AM in Coastal Musings | | Comments (0) | TrackBack (0)

November 09, 2008

Waves and the Winter Sky

DSCN2518 I just looked up to see a huge wave crashing over the rocks and was reminded how marvelous the ocean can be especially between storms.  Today the sun is out and huge swells are creating a feast for the the eyes.  The sun enhances the "whitewater" as the waves break.  A mesmerizing scene!  The second treat of this time when storms are coming over the ocean would be the glorious sunsets.    IMG_1359IMG_1888

Posted at 08:06 AM in Coastal Musings | | Comments (0) | TrackBack (0)

November 05, 2008

MONTHLY MARKET UPDATE 11/03/2008

Good news on the real estate front, new listings were down and sales were up!  It is still slower than we'd like, but at least there is some activity.  It is interesting that 2 new escrows last week in The Sea Ranch were for homes listed at $1,850,000 and $3,295,000!

Homes Sales: Anchor Bay (2) $375,000 - $456,000, Gualala (2) $195,000 - $520,000, The Sea Ranch (3) $475,000 - $930,000.

Home Pendings: Anchor Bay (1) $350,000, The Sea Ranch (4) $489,900 - $3,295,000, Timber Cove (1) $1,195,000.

New Listings: Anchor  Bay (2) $549,000 - $935,000, Gualala (1) $519,000, Irish Beach (2) $345,000 - $699,500, The Sea Ranch (5) $394,999 - $1,495,000.

Posted at 03:52 PM | | Comments (0) | TrackBack (0)