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