Santa Cruz real estate in 2014 started off a little bit differently from what we saw in the previous year with a significantly lower inventory for both single family homes and condominiums/townhouses. While the year isn't quite over yet (and we're still waiting on what the stats will tell us), we have seen median home prices creep up steadily since January.
Single Family Homes in Santa Cruz, CA
This year, homes priced below 800K have seen the most activity. As seen in many years before, the first quarter sales proved to be slower than what we typically see in the second and third quarter of the year. The median price of single family homes in Santa Cruz increased steadily, but not as dramatically as it had compared to 2013.