Market Trends

Sales of single-family, re-sale homes were down 15.7% compared to last August. There were 118 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 8.6% year-over-year last month. It fell 7.7% in August from July.

The average sales price fell 10.8%, year-over-year.

Inventory was down 18.7% compared to last August.

As of September 5th, there were 213 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio dropped from 102.1% to 100.4%.

One hundred and seven homes went into escrow last month, a decline of 39.9% compared to last year.

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

Days on market fell from thirty-four to twenty-eight. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos was down 0.7% year-over-year. The average sales price rose 1.8%.

Condo sales were down 21.6% year-over-year. Twenty-nine condos were sold last month.

Inventory was up 25.6%.

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

Days of inventory fell from seventy-one to fifty-six.

It took twenty-one 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.