In 2014, the average Ben Lomond home price was $542,598 – up about 20% over 2013. Much of this increase was because the top 2 most expensive homes sold in the San Lorenzo Valley were in Ben Lomond. 2 spectacular homes on acreage sold for $1,075,000 and $1.2 million. The cheapest Ben Lomond home sold for $205,000 – let’s just say it “had issues.” On the other hand, I thought it was a great investment property.
Real estate prices in Felton averaged $502,985 during 2014 – up about 16% over 2013. The most affordable Felton home sold for $250,000. It was a serious fixer upper but on a flat lot close to Henry Cowell State Park. The most expensive Felton property sold for $960,000 after being on the market for quite a while. It was on about 2.5 acres.
Homes in Boulder Creek are amongst the most affordable in the region. During 2014, BC home prices averaged $437,000, up about 14% from 2013. In 2013, Boulder Creek’s home prices rose to $398,000 (up 28% on average over 2012). While the more affordable homes are typically on smaller lots (1/10 to 1/4 acre), there are many homes available on generously sized parcels of an acre or more. Higher end homes in Boulder Creek typically sell for between $600,000 and $800,000. In 2014, the 3rd highest priced home in the San Lorenzo Valley sold in Boulder Creek: a beautiful home on 4 acres sold for $1 million. The least expensive home sold in Boulder Creek was a red-tagged cabin on 1/2 acre – $130,000.
Home prices in Brookdale, one of four communities in the San Lorenzo Valley, are quite similar to Boulder Creek and Ben Lomond, the neighboring towns. Being a small village, only 12 homes sold during 2014. The average Brookdale real estate price was $380,000, down about 3.5% from 2013. Because the number of sales is so small, it’s not statistically significant. The most expensive Brookdale home sold for $535,000 but really was rather average on most counts; the most affordable Brookdale home sold for $220,000. While nicely updated, I don’t believe the house had permits.
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