Market Trends

Local market trends for Santa Cruz County

Sales of single-family, re-sale homes were down 4.7% compared to last August. There were 121 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 8.8% year-over-year last month.

The average sales price rose 3.8%, year-over-year.

Inventory was up 19.7% compared to last August.

As of September 5th, there were 377 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio fell from 99% to 98.1%.

One hundred & seventy homes went into escrow last month, an increase of 38.2% compared to last year.

Days of Inventory fell from 95 to 93. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos gained 4.3% year-over-year. The average sales price fell 0.8%.

Condo sales were up 3.6% year-over-year. Twenty-nine condos were sold last month.

Inventory was up 46.3%.

As of September 5th, there were one hundred and twenty condos for sale in Santa Cruz County.

The average since January 2003 is 141.

Days of inventory fell from one hundred and forty-four to one hundred and twenty-four.

It took thirty-seven 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.