04 January 2011

Year End Report

As you might expect, the news continued its negative slant in the real estate arena and the numbers reflect that. Bodega Bay and the entire Coast saw reductions in price over the past twelve months, much of this due to the lack of activity in the upper end. Lower priced homes continue to bring out buyers, causing downward pressure on higher priced homes. This is expected to continue through much of 2011 but still provides plenty of great opportunities throughout the market - even at the high end.