Prices Up, Sales Down...

The median price of an existing home in California increased 13 percent in March and sales decreased 15.1 percent compared with the same period a year ago, the California Association of REALTORS (C.A.R.) reported today. See article March 06 sales/price report.

Despite the continued media negativity and talk of a bursting real estate bubble, real people realize that investing in property is still one of the safest strategies available. As I mentioned weeks ago, we're expecting a solid year overall - the third best on record, in fact - and it appears that we're getting a increase in momentum.

For Bodega Bay in 2006, there have been 11 sales with a median of $990,000. While this is a relatively low number of homes - buyer activity is beginning to return and I'd expect a steady increase throughout the year.

Open House Weekend April 22-23

Open House Schedule

Come on out to the coast to see all of Coldwell Banker Coast Properties' listings this weekend. The link above shows a preview and all homes will be available from 1-4pm Saturday and Sunday...

I gotta bridge to sell ya...

Believe it or not, the Bodega Bay pedestrian trail appears to be making some progress! According to the Bodega Bay Navigator, two pieces of the puzzle are funded and underway - one piece on the north end and one on the south end.

If you live in Bodega Harbour, you'll soon (soon being a year or so) be able to ambulate to the US Post office without the fear of being run over by a truck. There will be a 100-foot bridge connecting Doran Beach and the Birdwalk Regional Park. From there you can access Smith Brother Road where you'll access your PO Box. A few more steps and you're in my office.

At the other end of the trail-to-be is a section which connects Salmon Creek to the infamous Community Center and Children's Bell Tower. As time goes on, we may be able to safely walk from Salmon Creek to Bodega Harbour to enjoy a martini at the all-new Bluewater Cafe.