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.
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