Tag Archives: housing market santa cruz

Market Updates

Santa Cruz Home Sales Prices Set New Highs, Again

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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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Market Updates

March Santa Cruz Real Estate Market Report

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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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Market Updates

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

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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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