Category Archives: Market Updates

Santa Cruz Home Sales Prices Set New Highs, Again

The median sales price for single-family, re-sale homes rose 52.9% year-over-year last month to set a new high for the second month in a row. That is the twelfth month in a row the median sales price has been higher than the year before.

The average sales price also set a new high for the second month in a row. It rose 44.7%, year-over-year.

Home sales were up 114.6% year-over-year. There were 191 homes sold in Santa Cruz County last month. The average since 2000 is 157.

Inventory was down for the twentieth month in a row. Active listings dropped 34% compared to last year.

As of June 5th, there were only 175 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio stayed over 100% for the tenth month in a row. It went from 107.7% to 107.5%.

Two hundred and fifty-three homes went into escrow last month, a gain of 11% compared to last year.

Days of Inventory rose from twenty to twenty-seven. The average since 2003 is one hundred and thirty-nine.

Days on market rose from eighteen to twenty-three. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos set a new high. It rose 32.6% year-over-year. The average sales price also set a new high. It rose 45.5%.

Condo sales were up 68% year-over-year. Forty-two condos were sold last month.

Inventory was down 72.4%.

As of June 5th, there were twenty-four condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory fell to seventeen from eighteen.

It took fifteen days, on average, to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

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Santa Cruz Real Estate Market Update August 2019

Closed & Pending Sales Continue to Fall

Home sales were down, year-over-year in Santa Cruz County, for the twelfth month in a row. There were 141 homes sold in Santa Cruz County last month, a drop of 22.1% compared to last July. The average since 2003 is 158.

Pending sales were also down, year-over-year, for the twelfth month in a row. One hundred and ninety-nine homes went into escrow last month, a drop of 2.6% compared to last July.

The median sales price for single-family, re-sale homes rose 2.8% in July from June. It was down 0.8% from last year. The average sales price rose 2.9% from June, and it was up 13.3% year-over-year.

The sales price to list price ratio was flat at 99.0% last month.

Inventory continues to expand. It has been higher than the year before thirteen months in a row. Last month, it was up 23.1% over last year.

As of August 5th, there were 431 homes for sale in Santa Cruz County. The average since January 2003 is 681.

Days of Inventory was ninety-two. The average since 2003 is one hundred and thirty-nine.

It took only forty-three days to sell a home last month. That is the time from when a home is listed to when it goes into contract.

Prices for re-sale condos were down last month from the month before. The median sales price dropped year-over-year by 0.9%. The average sales price fell 6.6%.

Condo sales were flat year-over-year.

Inventory continues to expand. It has been higher than the year before thirteen months in a row. It was up 6.1% over last July.

As of August 5th, there were 87 condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose to sixty-nine.

It took twenty-seven days, on average, to sell a condo last month.


If you are planning on selling your property, call me for a free comparative market analysis.

The monthly four-page newsletter is at:
http://rereport.com/scc/print/AmberGrewerSZC.pdf

For the complete annual report, which includes charts and graphs for each city in the county, click on the following link:
http://rereport.com/scc/print/AmberGrewerSZCannual.pdf    

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July Santa Cruz Real Estate Market Update

Closed & Pending Sales Continue to Fall

Home sales were down, year-over-year, for the eleventh month in a row. There were 156 homes sold in Santa Cruz County last month, a drop of 0.6% compared to last June. The average since 2003 is 158.

Pending sales were also down, year-over-year, for the eleventh month in a row. One hundred and ninety-nine homes went into escrow last month, a drop of 15% compared to last June.

The median sales price for single-family, re-sale homes dropped 5.7% in June from May. It was down 6.5% from last year. The average sales price rose 5.1% from May, and it was up 3.6% year-over-year.

The sales price to list price ratio dropped 0.3 of a point to 99.0% last month.

Inventory continues to expand. It has been higher than the year before twelve months in a row. Last month, it was up 32.6% over last year. 

As of July 5th, there were 407 homes for sale in Santa Cruz County. The average since January 2003 is 681.

Days of Inventory was seventy-six. The average since 2003 is one hundred and thirty-nine.

It took only thirty-one days to sell a home last month. That is the time from when a home is listed to when it goes into contract.

Prices for re-sale condos were down last month from the month before. The median sales price rose year-over-year by 1.7%. The average sales price fell 6%.

Condo sales were down 28.3% year-over-year. 

Inventory continues to expand. It has been higher than the year before twelve months in a row. It was up 15.1% over last June.

As of July 5th, there were 84 condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose to seventy-four.

It took thirty days, on average, to sell a condo last month.

Subscribe to my blog or click here to automatically receive monthly market updates and other great information!

If you are planning on selling your property, call me for a free comparative market analysis.

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June Santa Cruz Real Estate Market Update

Home Sales Prices Dip

After setting a new high in April, the median sales price for single-family, re-sale homes in Santa Cruz County dropped 3.4% in May. It was up 7.2% from last year. The average sales price fell 7.9% from April, but it was up 0.7% year-over-year.

The sales price to list price ratio dropped one-half point to 99.3% last month.

Home sales were down, year-over-year, for the tenth month in a row. There were 134 homes sold in Santa Cruz County last month. The average since 2003 is 158.

Inventory continues to expand. It has been higher than the year before eleven months in a row. Last month, it was up 26.7% over last year.

As of June 5th, there 356 homes for sale in Santa Cruz County. The average since January 2003 is 681.

Days of Inventory was at eighty. The average since 2003 is one hundred and thirty-nine.

It took only thirty-four days to sell a home last month. That is the time from when a home is listed to when it goes into contract.

Prices for re-sale condos were up last month from the month before. The median sales price rose year-over-year by 8.6%. The average sales price rose 10.2%.

Condo sales were down 24% year-over-year.

Inventory continues to expand. It has been higher than the year before eleven months in a row. It was up 32.2% over last May.

As of June 5th, there were 78 condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose to sixty-two.

It is taking thirty-three days to sell a condo.


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If you are planning on selling your property, call me today for a free comparative market analysis.

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May Santa Cruz County Real Estate Market Update

Home Sale Information for Santa Cruz County

Prices

Big news for the Santa Cruz Real Estate Market- the median sales price for Santa Cruz County single-family, re-sale homes set a new high of $950,000 in April. It was up 6.1% from last year. The average sales price rose 3.7% and went back over $1,000,000.

The sales price to list price ratio continues to hover just below 100%. It was 99.8% last month.

Sales

Home sales were down, year-over-year, for the ninth month in a row in Santa Cruz County. There were 111 homes sold in Santa Cruz County last month. The average since 2003 is 158.

3 month moving average for Santa Cruz home prices
3 month moving average for Santa Cruz home prices

Inventory

Inventory continues to expand in Santa Cruz County. It has been higher than the year before ten months in a row. Last month, it was up 30.4% over last year.

As of May 5th, there were 330 homes for sale in Santa Cruz County. The average since January 2003 is 681.

Days of Inventory was at eighty-six. The average since 2003 is one hundred and thirty-nine.

Days of inventory chart for Santa Cruz County
Days of inventory chart for Santa Cruz County

Time It Takes To Sell A Home In Santa Cruz

It took only thirty-eight days to sell a home last month in Santa Cruz County. That is the time from when a home is listed to when it goes into contract.

Santa Cruz County Home Sales
Santa Cruz Home Sales to Date

Condos In Santa Cruz

Prices for re-sale condos were up last month from the month before. The median sales price rose year-over-year by 4.7%. The average sales price rose 6.5%.

Condo sales were up 17.6% year-over-year. 

Inventory continues to expand. It has been higher than the year before ten months in a row. 

As of May 5th, there were 82 condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose to fifty-nine.

It is taking forty-seven days to sell a condo.

If you are thinking of buying or selling a home, please contact me today!

To read my full Santa Cruz Real Estate Market Update, view in depth information by area or to receive this market update in your inbox monthly, click here.

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April Santa Cruz County Real Estate Market Update

SANTA CRUZ COUNTY REAL ESTATE MARKET BEGINS TO FIRM

The real estate market in Santa Cruz County is beginning to heat up for three reasons.

First, the rain has finally stopped and spring is upon us! This is the time of year when the market typically becomes more active. Two, mortgage rates are at 15-month lows. Third, IPOs have started creating instant millionaires.

While Santa Cruz County won’t be impacted as much as Silicon Valley and San Francisco by the IPO millionaires, some of them will be able to afford second homes by the beach.

We expect 2019 to be a very strong year for the real estate market in Santa Cruz County.

Home sales were down, year-over-year, for the eighth month in a row. There were 108 homes sold in Santa Cruz County last month. The average since 2003 is 158.

Sales prices, meanwhile, bounced back after dropping in January. The median sales price for single-family, re-sale homes was up 2.4% in March from last year. The average sales price fell 12.2%.

Inventory continues to expand. It has been higher than the year before nine months in a row. Last month, it was up 28.6% over last year. 

As of April 5th, there were 265 homes for sale in Santa Cruz County. The average since January 2003 is 681.

It is taking fifty-two days to sell a home. That is the time from when a home is listed to when it goes into contract.

Prices for re-sale condos were down last month from the month before. The median sales price fell year-over-year by 5.5%. The average sales price fell 3.7%.

Condo sales were down 2.6% year-over-year. 

Inventory continues to expand. It has been higher than the year before nine months in a row. 

As of April 5th, there were 60 condos for sale in Santa Clara County. The average since January 2003 is 141.

Days of inventory rose to forty-nine.

It is taking sixty-five days to sell a condo.

If you are planning on selling your property, call me for a free comparative market analysis.

To view more details, Santa Cruz real estate market stats by city, or to to receive this information in your inbox monthly, click here.

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March Santa Cruz Real Estate Market Report

market-report-pic-march-2019The number of home sales were
down, year-over-year, for the seventh month in a row.

There were 84 homes
sold in Santa Cruz County last month.
The average since 2003 is 158.
Sales prices, meanwhile, bounced back
after dropping in January.
The median sales price for single-family, re-sale home was up 14.9% in February from
last year. The average sales price rose
12.8%.

Inventory continues to expand. It has
been higher than the year before eight
months in a row. Last month, it was up
8.9% over last year.
As of March 5th, there were 209 homes
for sale in Santa Cruz County.
The average since January 2003 is 681.

It is taking sixty-three days to sell a home.
That is the time from when a home is
listed to when it goes into contract.

Prices for re-sale condos were down last
month from the month before, but they
were up year-over-year by 0.2%. The
average price gained 8.6%.
Condo sales were up 50% year-over-year.
Inventory continues to expand. It has been
higher than the year before eight months in
a row.

As of March 5th, there were 59 condos for
sale in Santa Clara County. The average
since January 2003 is 141.

Days of inventory dropped to forty-four.
It is taking sixty-four days to sell a condo.

If you are planning on selling your property,
call me for a free comparative market
analysis.

Click the link below to read my full market report or to sign up to receive it monthly:

http://rereport.com/scc/print/AmberGrewerSZC.pdf

If you are considering selling your property, call me today for a free market analysis.

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February Santa Cruz Real Estate Market Update- Sales Price to List Price Ratio Continues Falling and Prices are Rising

 
copy-of-market-report
The real estate market in Santa Cruz County continues to soften. The sales price to list price ratio is at its lowest level since January 2012: 97.0%. The average sales price for single-family, re-sale homes set a new record high last month. It was up 17.6% year-over-year.
 
The median sales price went back over $900,000 after spending two months below that mark. It was up 10.2% year-over-year.
 
Sales of single-family, re-sale homes continued to decline. They were down 32.9%, year-over-year.
 
There were 108 homes sold. The average number of homes sold monthly since January 2003 is 160.
 
Inventory was up 37.1% compared to last December. The number of homes for sale as of the fifth of January was 240. The average is 691.
 
Inventory continues to be problematic. Although inventory has been higher than the year before for the past six months, it is still far below the norm. Since January 2003, Santa Cruz County has averaged 140 days of inventory. Last month it was 67.
 
The time it takes to sell a home, meaning from when homes are listed for sale until they go into contract, was flat at 51 days. The average since January 2003 is 64 days.
 
The median price for condos was down 1.8% year-over-year. The average price was up 4.9%. Condo sales were down 42.4%. There were 19 condos sold last month.
 
Condos have averaged 224 days of inventory since 2003. Last month it was 114. The number of condos for sale as of the fifth of January was 72. The average is 147.
 
Condos took sixty-four days to sell in December. The average is sixty-five days.
 
To read the full market report (specific city reports) or to sign up to receive the report automatically each month, visit:
http://rereport.com/scc/print/AmberGrewerSZC.pdf
 
For the complete annual report, which includes charts and graphs for each city in the county, click on the following link:
http://rereport.com/scc/print/AmberGrewerSZCannual.pdf

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