Market Summary for Bodega Bay, May 2006

Based on data pulled from MLS for the past 12 months, we're seeing a dramatic decrease in sales volume (by about 1/3) but a significant increase in listing price (22 to 27%). My guess is that the slower sales are caused by the local increase in listing price while many other areas are seeing a decline.

Of course, there are plenty of exceptions in the widely diverse California markets - some are once again beginning to show quick sales over asking price. Because we're somewhat buffered here on the Coast, it seems that Bodega Bay generally follows these trends (usually in a less dramatic way) after a lag period of a few months.

Below is the summarized data for the Bodega Bay area as well as Bodega Harbour specifically.

SUMMARY
Month Ending: May 31,2006
	All Bodega Bay	Bodega Harbour
HOMES
Placed in Escrow	3	2
Sold - Month	2	2
Sold - 12 Months Per.	55	40
Sold - Previous 12 Months	84	57
Median Price - 12 Months	1,010,000	1,100,000
Median Previous 12 Months	829,500	865,000
Total Listing Inventory	34	19
Previous Year Listing Inventory	23	16
LOTS
Placed in Escrow	0	0
Sold - Month	2	2
Sold - 12 Months Per.	6	1
Sold - Previous 12 Months	16	3
Median Price - 12 Months	344,000	580,000
Median Previous 12 Months	310,000	N/A
Total Listing Inventory	10	3
Previous Year Listing Inventory	3	1