Prices are holding steady at the end of 2008 after an upward blip and downward correction midway through the year. For about 1.5 years now, the median price has been in the mid-800’s for Bodega Harbour and about $800K for all of Bodega Bay.

Expect to see a slight uptick in prices this year with interest rates continuing to remain historically low in combination with plenty of government programs in place designed to stimulate the real estate market. 2009 is poised to be a year of recovery - and opportunity.