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How’s the Market? Santa Cruz County Market Report: October 2014

Santa Cruz Real Estate Market Statistics
It’s been a while since our last update on the local housing market. What’s happened to housing in Santa Cruz County since the summer?

For starters, prices are up and inventory is down.

The median price for single family homes in October was $715,000, up 11% from last October, and up a healthy 6% from September. Condos had a median price of $465,000 in October. This is an increase of 24% from a year ago, and a 9% gain from September.

Evaluating the numbers gives us a good start at understanding the housing market, but while the numbers never lie, they don’t always paint the whole picture. That’s why this month we want to open the topic of the Santa Cruz real estate market up to local agents.

If you’re an agent in Santa Cruz County then head over to our Facebook page to let us know what’s really happening in the market. What’s hot? what’s not? Where’s the market heading? Add your voice, or just read along to find out what the experts have to say, at the following link:

Join the conversation on Facebook

October Housing Statistics in Santa Cruz County:

Single Family Homes

 20132014% Change
New Inventory198158-20%
Avg. Sales Price$687,750$794,80616%
Median Price$647,000$715,00011%

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How’s The Market? Santa Cruz County Real Estate Report: March, 2014

Santa Cruz Real Estate Market Statistics
good times best realtor 2013 & 2014The following market analysis is provided by Kathie Gomes of the Mulhern & Gomes Know Homes team at Keller Williams Realty. Mulhern & Gomes were voted the #1 Santa Cruz Realtor in 2013 & the Best Team and Best Senior Real Estate Specialist in 2014 by Good Times readers.  Kathie is a listing specialist who works exclusively with sellers.

While the chart below shows just a 2% increase in inventory from March 2013 to March 2014, there was a 37% increase in the heart of Santa Cruz County in just one month!

From February to March 2014 we went from 233 single family homes for sale to 321 in the areas of Scotts Valley, Santa Cruz, Capitola, Soquel, and Aptos.

What does this mean for you?  Let’s find out.
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Santa Cruz County Market Statistics: February 2014

Single Family Homes

 20132014% Change
New Inventory182173-5%
Avg. Sales Price$551,648$660,40320%
Avg. Median Price$449,000$597,50033%

[Read more…]