Market Trends

Sales of single-family, re-sale homes were down for the eighteenth month in a row, year-over-year. They fell 38.9% compared to last February.   There were 55 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 down 13% year-over-year last month. It rose 2.6% in February from January.

The average sales price fell 15.4%, year-over-year.

After being down twenty-eight months in a row, inventory was up for the twelfth month in a row. It gained 2.3% compared to last February.

As of March 5th, there were 131 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio went from 96.3% to 99.2%.

One hundred and sixty-two homes went into escrow last month, a drop of 2.4% compared to last year.

Days of Inventory stayed at sixty-four. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos rose 8.9% year-over-year. The average sales price fell 1.6%.

Condo sales were up 7.7% year-over-year. Fourteen condos were sold last month.

Inventory was up 17.4%.

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

Days of inventory fell from seventy-seven to fifty-two.

It took seventy-six 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.

The monthly four-page newsletter is at:
https://rereport.com/scc/print/PeteCullenSZC.pdf

For the complete annual report, which includes charts and graphs for each city in the county, click on the following link:
https://rereport.com/scc/print/PeteCullenSZCannual.pdf

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