Quarterly Market Update

The Mendocino Coast Real Estate market has been steady and here are the third quarter stats:
There were 56 residences sold as reported in the MLS (multiple listing service) with a median sale price of $525,000 well up from Q2.
The average days on market (from time of listing to closing date) was 149 days with 160 active residential properties for sale as of 10/22/18.
The prices range from $239,000 to $7,500,000.
Call a Realtor today! It’s a good time to buy as interest rates are anticipated to rise 1/2 percent by the end of 2018.
Respectfully submitted by
A. B. Priceman and Turan Kilki
CMAR Public Relations Committee