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.

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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.

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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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