Market Trends

Sales of single-family, re-sale homes were down 8.3% compared to last February. There were 55 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 1.6% year-over-year last month.

The average sales price gained 29.6%, year-over-year.

Inventory was up 59.7% compared to last February.

As of March 5th, there were 222 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio fell from 98.7% to 97.3%.

Eighty-four homes went into escrow last month, a decrease of 12.5% compared to last year.

Days of Inventory rose from 95 to 109. The average since 2003 is one hundred and thirty-nine.

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

The median sales price for condos gained 34.7% year-over-year. The average sales price rose 25.2%.

Condo sales were up 33.3% year-over-year. Twenty-eight condos were sold last month.

Inventory was up 62.5%.

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

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

It took forty-two 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.