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
Inventory641535-17%
New Inventory198158-20%
Sales1621631%
Avg. Sales Price$687,750$794,80616%
Median Price$647,000$715,00011%

Condo’s & Townhomes

 20132014% Change
Inventory144118-18%
New Inventory3835-8%
Sales4537-18%
Avg. Sales Price$431,955$479,41611%
Median Price$376,000$465,00024%

Data courtesy of Santa Cruz County Association of Realtors.

About Ethan Oates

Ethan Oates fell in love with Santa Cruz while visiting as a child. He has lived in Santa Cruz since the mid '90's, and is happiest when spending time with his family.

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