Market (and Foot) Update
As it is close to the end of the year, I thought it was time to do a market update. To date, this calendar year, there have been a total of 25 sales in Anderson Valley. 15 of these were residential sales, eight were land and two were commercial/residential. Nine of the residential sales were under $500,000, one was between $500,000 and $600,000, four between $900,000 and $1,400,000 and one was over $3,000,000. Half of the land sales were under $200,000, the remainder between $200,000 and $600,000 (the last was for the largest piece of land). This is down from a total of 31 sales in 2017, with 18 residential and 13 land sales; prices were higher last year as well, with five of the residential sales under $500,000; six between $525,000 and $800,000 and seven between $900,000 and $1,800,000. Land sales last year were much better, with only one sale under $200,000, seven between $200,000 and $600,000 and four over $800,000. All of this information is based on sales reported in Bay Area Real Estate Information Services, Inc. (BAREIS) and is not verified and is subject to change. Listings represented may not have been listed or sold by Anne Fashauer/North Country Real Estate. I can say that 44% of those sales were either listed, sold or listed and sold by North Country Real Estate.
We definitely noticed a decrease in land sales and prices with the legalization of cannabis in California. No longer were growers looking to purchase land out in the hills to hide their plants; long-time farmers were also getting out of the business and selling. Last October’s fires also caused a drop in our market activity. Interest rates have also increased, making it more difficult for some buyers to be able to qualify for a home loan.
It will be interesting to see what the new year will bring. I have been reading articles in my down time, all predicting different things. It’s safe to say that whatever happens in the larger world will eventually get to us here, but that can take a long time.
As for my foot, it’s healing nicely. I’m off of the crutches except for longer treks. I have a “shoe” that protects my foot and some stretches to do to regain movement in the affected area. It is still very tender but it is wonderful to be able to do things for myself again. I’m back to the office some as well but actually hiking on property is still a ways out.