Good news on interest rates!! Hopefully that will start to translate into buyers buying more properties. These are strange times to be sure! There were lots of visitors in town over the Thanksgiving holidays and many were looking at homes on the market while here, but so far that hasn't resulted in a bunch of new escrows. Closed sales were way down this month, a result from the financial turmoil that struck in October. At this point we are in a "wait and see" pattern.
Home Sales: Annapolis (1) $305,000, Gualala (1) 397,000, Timber Cove (1) $1,195,000
Home Pendings: Anchor Bay (1) $324,000, Point Arena (2) $199,000 - $2,500,000, The Sea Ranch (4) $430,000 - $995,000, Timber Cove (1) $1,495,000
New Listings:Anchor Bay (1) $324,000 (in escrow), Iversen (1) $879,000, Irish Beach (1) $639,000, The Sea Ranch (8) $569,000 - $1,795,000