2011 was not a big year for sales in Anderson Valley. There were ten residential sales and six land sales. One of the residential sales was "distressed" meaning it was either a short sale or an REO (bank owned sale). In 2010, there were 12 residential sales and 10 land sales. For a little comparison, in both 2000 and in 2004, there were 25 residential sales. In 2000 prices were closer to what they are today; in 2004 they were, of course, significantly higher. At the end of 2011 the median price for a home in the Valley was around $300,000. There were no residential sales in the first quarter of last
year, but from April to October, 2011, prices dropped 13.1%. I left off November and December because there was one large sale for over $3,000,000 that would throw off any meaningful statistics; of course, given the small number of sales, these stats are limited as well. 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 myself, Anne Fashauer, or by North Country Real Estate.
Despite the low number of sales in the area, I personally felt busy throughout the year. I had a couple of sales and a couple of escrows - one that never went through and one that is still ongoing. I felt I had a good number of people contacting me about real estate and looking at properties. I think the interest in real estate is still out there but there are a lot of factors keeping people from "pulling the trigger."
I feel this year is starting out well; I've had offers on a couple of properties and several people are looking - and we're just over two weeks in to the new year. I'll check those statistics again mid-year and we'll see how things are playing out. In the meantime, enjoy the rain that we're finally going to get!