Market Trends

Local market trends for Santa Cruz County

Sales of single-family, re-sale homes were up 19.3% compared to last December. There were 99 homes sold in Santa Cruz County last month. The average since 2000 is 157.

The median sales price for single-family, re-sale homes rose 3% year-over-year last month.

The average sales price rose 22.5%, year-over-year.

Inventory was flat compared to last December.

As of January 5th, there were 194 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio rose from 97.4% to 98.4%.

Eighty-nine homes went into escrow last month, an increase of 23.6% compared to last year.

Days of Inventory fell from 88 to 59. The average since 2003 is one hundred and thirty-nine.

Days on market was fifty-four. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos rose 20% year-over-year. The average sales price rose 24.8%.

Condo sales were down 11.8% year-over-year. Fifteen condos ere sold last month.

Inventory was up 14.5%.

As of January 5th, there were seventy-one condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose from one hundred and eleven to one hundred and forty-two.

It took fifty-six days, on average, to sell a condo last month.

Also, if you go to my on-line report and click on Recent Sales & Listings, you will see what has sold, what is for sale and what is pending in your neighborhood.

If you are planning on selling your property, call me for a free comparative market analysis.