Market Trends

Local market trends for Santa Cruz County

Sales of single-family, re-sale homes were down 12.4% compared to last August. There were 106 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 4.6% year-over-year last month.

The average sales price fell 8.5%, year-over-year.

Inventory was down 9.3% compared to last August.

As of September 5th, there were 342 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 forty-nine homes went into escrow last month.

Days of Inventory rose from 79 to 97. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos fell 9.1% year-over-year. The average sales price rose 1.9%.

Condo sales were down 17.2% year-over-year. Twenty-four condos were sold last month.

Inventory was down 16.7%.

As of September 5th, there were one hundred for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory fell from one hundred & five to one hundred & twenty-five.

It took forty-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.