30 January 2007

Construction Finally Starts at Harbor View

As noted in the previous post, the developer who is buying Porto Bodega is finally under construction in the Harbor View subdivision. It's been about 20 years and five developers in the making, but the hurdles have been jumped and the heavy equipment is ready to roll.

RJB Development will begin construction on the required affordable housing units initially - 20% of subdivisions in Sonoma County must meet low-income guidelines - so we'll see about 14 of the 70 units designed for that purpose.

See Bodega Bay Navigator's article for more info.

Porto Bodega Sold

After several years on the market, the 15-acre marina, RV park and Sandpiper Restaurant site is being purchased by the Newport Beach developer who owns the Harbor View subdivision (previously Romancia). See the Bodega Bay Navigator article.

This area has the potential to be the town center that Bodega Bay so desperately needs with it's off-highway location and available acreage. Of course, that would require a lot of cooperation from the County and local citizens...

29 January 2007

Existing-Home Sales Ease, Supplies Tighten in December; 2006 Historically High

RISMEDIA, Jan. 29, 2007-Existing-home sales eased but prices stabilized as inventories tightened in December, while 2006 was the third-highest sales year on record, according to the National Association of Realtors®. Click here for more...