Market Trends

Sales of single-family, re-sale homes were up 5.1% compared to last December. There were 83 homes sold in Santa Cruz County last month. The average since 2000 is 157.

The median sales price for single-family, re-sale homes was up 19% year-over-year last month.

The average sales price lost 3.9%, year-over-year.

Inventory was up 34.7% 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 99.4% to 100.1%.

Seventy-two homes went into escrow last month, an decrease of 1.4% compared to last year.

Days of Inventory fell from 72 to 70. The average since 2003 is
one hundred and thirty-nine.

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

The median sales price for condos fell 10.8% year-over-year. The average sales price fell 24.6%.

Condo sales were down 26.1% year-over-year. Seventeen condos were sold last month.

Inventory was up 44.2%.

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

Days of inventory fell from one hundred & twenty-two to one hundred & nine.

It took forty 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.