Market Trends

Local market trends for Santa Cruz County

Sales of single-family, re-sale homes were down 8.6% compared to last October. There were 117 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 3.8% year-over-year last month.

The average sales price fell 10%, year-over-year.

Inventory was up 4.3% compared to last October.

As of November 5th, there were 338 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio rose from 98.5% to 98.9%.

One hundred & fifty-one homes went into escrow last month, an increase of 18% compared to last year.

Days of Inventory rose from 84 to 87. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos fell 16.8% year-over-year. The average sales price fell 9.1%.

Condo sales were up 6.3% year-over-year. Thirty-four condos were sold last month. Inventory was up 18.1%.

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

Days of inventory fell from one hundred to eighty-six.

It took sixty 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.