Market Trends

Sales of single-family, re-sale homes were up 7.2% compared to last March. There were 89 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 6.5% year-over-year last month.

The average sales price gained 10.5%, year-over-year. Inventory was up 78.3% compared to last March.

As of April 5th, there were 280 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio rose from 97.3% to 100.3%.

One hundred & nineteen homes went into escrow last month, a decrease of 7% compared to last year.

Days of Inventory fell from 109 to 94. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos gained 7.6% year-over-year. The average sales price rose 12.2%.

Condo sales were up 20% year-over-year. Thirty condos were sold last month.

Inventory was up 111.4%.

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

Days of inventory rose from seventy-five to ninety-three.

It took twenty-seven 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.