Market Trends

Local market trends for Santa Cruz County

Sales of single-family, re-sale homes were down 13.6% compared to last January. There were 57 homes sold in Santa Cruz County last month. The average since 2000 is 157.

The median sales price for single-family, re-sale homes fell 0.2% year-over-year last month.

The average sales price rose 15%, year-over-year.

Inventory was down 1.9% compared to last January.

As of February 5th, there were 205 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio fell from 98.4% to 98.2%.

Eighty-eight homes went into escrow last month, an increase of 20.5% compared to last year.

Days of Inventory rose from 59 to 108. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos fell 2.4% year-over-year. The average sales price rose 3.4%.

Condo sales were down 19% year-over-year. Seventeen condos were sold last month.

Inventory was down 9.5%.

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

Days of inventory fell from one hundred and forty-two to one hundred and eighteen.

It took sixty-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