Coastal Market Review

MONTHLY MARKET UPDATE 1/1/2016

Happy New Year!  This has been a great year for real estate on the coast.  Unlike many of the urban areas where property values have soared and inventory has disappeared, the second home market on the coast has been slow to recover.  While The Sea Ranch started their recovery 2 years ago, the rest of the area just now is seeing the ending of many foreclosures and some rising prices.  Typical for this time of year the activity was slow with only 7 new listings, 10 homes going into escrow and 13 closed sales.  Still a great time to buy on the coast!!

Home Sales: Anchor Bay (3) $299,000 - $542,500, Gualala ((4) $315,000 - $850,000, Irish Beach (1) $360,000, Iversen (1) $365,000, The sea Ranch (4) $425,000 - $1,825,000

Home Pendings: Anchor Bay (2) $353,000 - $385,000, Gualala (2) $395,000 - 535,000, Iversen (1) $435,000, Point Arena (1) $399,500, The Sea Ranch (3) $489,000 - $1,600,000, Timber Cove (1) $1,300,000

New LIstings: Gualala (1) $775,000, Iversen (1) $1,295,000, The Sea Ranch (5) $365,000 - $1,899,000

MONTHLY MARKET UPDATE 9/1/2015

Living on the Coast is such fun and having summer come to an end is always a little sad, but we have magnificient Fall weather to look forward to and still many vistors coming here.  The real estate market continued to be very active with many homes selling as they came into the market.  In total there were15 new listings, 15 new escrows and 14 closed sales.

Home Sales: Gualala (4) $130,000 - $825,000, Irish Beach (1) $280,000, The Sea Ranch (9) $338,750 - $1,317,000

Home Pendings: Gualala (4) $329,000 - $619,000, Iversen (1) $625,000, Point Arena (2) $255,000 - $375,000, The Sea Ranch (7) $450,000 - $1,349,000, Timber Cove (1) $1,395,000

New Listings: Annapolis $949,950, Elk $1,475,000 - $3,100,000, Gualala (4) $329,000 - $899,000, The Sea Ranch (8) $549,000 - $1,395,000

 

 

Monthly Market Update 08/01/2015

Summer is in full swing here on the coast, so many activities and the town is always busy!! We have continued to see an active real estate market with 17 new escrows and 25 closed sales.  There were 21 new listings (down 4 from last month) and 4 are already in escrow.  Prices continue to climp at a slow, steady pace.  With prices moving up and many homes selling as they come onto the market, we anticipate a good year.  Inventory in our area is still OK, not low as it is in some areas.

Home Sales: Anchor Bay (4) $225,000 - $600,000, Gualala (6) $203,500 - $
735,000, Point Arena (1) $325,000, The Sea Ranch (14) $350,000 - $1,395,000

Home Pendings: Anchor Bay (1), Gualala (3) $329,000 - $399,900, Irish Beach (1) $298,900, Point Arena (2) $249,000 - $375,000, The Sea Ranch (10) $399,000 - $1,395,000

New Listings:  Gualala (2) $319,000 - $339,000, Irish Beach (3) $339,000 - $1,195,000, The Sea Ranch (15) $350,000 - $2,150,000, Timber Cove (1) $1,395,000

 

MONTHLY MARKET UPDATE 6/01/2015

HOLD ON TO YOUR HATS!! Things are really picking up here on the North Coast!  Last month there were16 closed sales, 13 new escrows and 27 new listings ( 7 of which are already in escrow!)  Land Sales are also picking up with 9 closed sales, 10 new escrows and 18 new listings.  Where many areas of the state have seen escalating prices, we are finally seeing price gains BUT we are still recovering from 2007 so it's an opportunity to get a bargain!

Home Sales: Gualala (1) $185,250, Irish Beach (1) $396,500, The Sea Ranch (14) $529,000 - $1,599,000

Home Pendings: Gualala (3) $203,500 - $299,000, Point Arena (1) $299,000, The Sea Ranch (9) $399,000 - $1,175,000

New Listings: Anchor Bay (1) $760,000, Gualala (3) $225,000 - $995,000, Irish Beach (2) $515,000 - $574,000, Iversen (1) $649,000, Point Arena (2) $325,000 - $1,795,000, the Sea Ranch (18) $399,000 - $3,500,000.

 

MONTHLY MARKET UPDATE 3/01/2015

The coast has been beautiful with only a few periods of much needed rain, the plants all think it is Spring for sure and even the whales have been making grand showings!  Real estate activity has been good since the first of the year and the number of new listings hitting the market have been low with many going into escrow shortly after listing.  In February, there were 14 new listings, 9 homes went into escrow and there were 11 closed sales.

Home Sales: Gualala (1) $775,000, Irish Beach (1) 375,000, The Sea Ranch (8) $435,000 - $1,100,000, Timber cove (1) $295,000

Home Pendings: Gualala (1) $580,000, Elk (1) $550,000, Point Arena (3) $729,000 - $1,1,00,000, The Sea Ranch (4) $717,000 - $1,100,000

New Listings: Gualala (5) $325,000 - $950,000, Irish Beach (2) $219,900 - $395,000, The Sea Ranch (7) $659,000 - $1,475,000

 

2014 Year in Review

This past year was an great one for Real Estate on the coast with 140 homes sold.  While our area tends to lag behind the large metropolitan areas by several years, we finally started to see a shortage of homes start to happen in some price ranges, therefore as some homes came on the market they sold immediately.  Prices have started to find their way back after the disaster of 2008, still not close to the historic highs of that time but on the right track.  Even lots started to move this year for a total of 47 sales. 

 2014 Homes Sales: Anchor Bay (7) $230,000 - $565,000, Elk (5) $284,000 - $820,750, Gualala (25) $109,000 - $1,100,000, Irish Beach (6) $239,000 - $370,000, Iversen (6) $290,000 - $1,150,000, Manchester (2) $269,500 - $314,900, Point Arena (3) $230,000 - $410,000, The Sea Ranch (80) $246,500 - $1,680,000, Timber Cove (4) $312,000 - $385,000

 

MONTHLY MARKET UPDATE 10/1/2014

I LOVE the coast!  We are being treated to huge waves, glorious sunsets and beautiful weather!  The town is still filled on the weekends and many activities are still going on.  Come for a visit!!  On the real estate front, new listings were WAY DOWN to only 9, new escrows stayed at 12 and closed sales also stayed constant at 9. 

Home Sales: Gualala (5) $250,000 - $1,195,000, Iversen (1) $290,000, The Sea Ranch (3) $479,500 - $690,000

Home Pendings: Elk (1) $350,000, Gualala (4) $149,900 - $995,000, Iversen (2) $245,000 - $1,295,000, The Sea Ranch (5) $505,000 - $795,000

New Listings: Anchor Bay (3) $325,000 - $450,000, Gualala (2) $425,000 - $649,000, Irish Beach (1) $1,000,000, Manchester (1) $3,500.000, The Sea Ranch (2) $505,000 (in escrow) - $659,000

 

MONTHLY MARKET UPDATE 09/01/2014

Labor Day signals the end of the summer season here on the coast, but there is plenty more activity in the Fall.  Some of our most beautiful weather happens in Sept and Oct and the pace is a little slower but there are still many visitors coming to the coast.  August turned out to be a little disappointing since this is typically one of our biggest selling months with only 12 new escrows.  Closed sales were up to 13 and new listings down to 16.summer season

Home Sales: Anchor Bay (1) $565,000, Elk (1) $820,000, Gualala (1) $617,745, The Sea Ranch (8) $328,000 - $1,680,000, Timber Cove (2) $375,000 - $385,000

Home Pendings: Anchor Bay (1) $459,000, Gualala (4) $299,000 -$625,000, Iversen (1) $245,000, The Sea Ranch (6) $479,000 - $949,000

New Listings: Elk (2) $595,000 - $1,465,000, Gulalala (3) $339,000 - $599,000, Iversen (1) $425,000, The Sea Ranch (9) $289,900 - $1,475,000.

MONTHLY MARKET UPDATE 08/01/2014

Summer is in full swing on the coast, salmon season is here, abalone season just re-opened after a one month break and our weather has been lovely, we are missing all that 100+ heat that the inland is experiencing!  We are hoping this will translate into increased sales for real estate here on the coast.  Last month there were 18 new listings, 12 new escrows and 6 closed sales.

Home Sales: Irish Beach (2) $239,000 - $268,000, Iversen (1) $800,000, The Sea Ranch (6) $335,000 - $945,000

Home Pendings:  Gualala (4) $250,000 - $1,195,000, Iversen (1) $329,000, The Sea Ranch (5) $389,000 - $1,795,000, Timber Cove (2) $389,500 - $435,000

New Listings: Annapolis (1) $379,000, Elk (2) $1,399,000 - $2,950,000, Gualala (5) $203.900 - $475,000, Point Arena (1) $330,000  The Sea Ranch (9) $342,000 - $1,389,000

Monthly Market Update 07/01/2014

June is always a quiet time for real estate up here because of graduations and weddings and this past month ws no exception.  New listings fell from 25 to 18 and new escrows from 12 to 9.  We are looking forward to the usual upswing in activity this month and on through the summer as visitors pack the coast!

Home Sales: Anchor Bay (1) $249,000, Elk (1) $650,000, Gualala (3) $171,500 - $425,000, Irish Beach 91) $250,000, The Sea Ranch (8) $345,000 - $815,000, Timber Cove (1) $349,000

Home Pendings: Anchor Bay (1) $595,000. Elk (1) $849,000, Gualala (1) $640,000, Irish Beach (1) $295,000, The Sea Ranch (5) $335,000 - $945,000

New Listings: Annapolis (1) $625,000, Anchor Bay (1) $280,000, Elk (1) $750,000, Gualala (4) $349,000 - $749,000, Iversen (2) $249,000 - $329,000, Point Arena (1) $699,000, The Sea Ranch (8) $335,000 - $829,000.