Market Trends

Local market trends for Santa Cruz County

Sales of single-family, re-sale homes were up 7.9% compared to last March. There were 96 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 7.1% year-over-year last month.

The average sales price fell 9.8%, year-over-year.

Inventory was down 10% compared to last March.

As of April 5th, there were 252 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%.

One hundred and nineteen homes went into escrow last month.

Days of Inventory rose from 67 to 79. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos rose 16.8% year-over-year. The average sales price rose 10.4%.

Condo sales were down 43.3% year-over-year. Seventeen condos were sold last month.

Inventory was down 5.4%.

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

Days of inventory rose from ninety-seven to one hundred and fifty-five.

It took fifty-five 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.