Real estate on the coast continues to be affected by REOs ( real estate owned) and short sales with over 50% of this past months sales being either an REO or a short sale. New escrows and closed sales stayed fairly constant but new listings were up once again. New escrows were up in the Gualala area and down in The Sea Ranch.
Homes Sales:Annapolis (1) $439,000, Gualala (2) $120,000 - $183,900, Point Arena (2) $250,580 -$340,000, The Sea Ranch (9) $420,000 - $1,275,000
Home Pendings: Gualala (6) $250,000 - $1,200,000, The Sea Ranch (1) $1,025,000, Timber Cove (1) $233,444
New Listings: Annapolis (1) $399,647, Anchor Bay (5) $419,000 - $1,400,000, Gualala (9) $309,900 - $$950,000, Irish Beach (2) $575,000 - $689,500, The Sea Ranch (17) $419,000 - $1,575,000