There are currently 5 blog entries related to this category.
Sunday, April 3rd, 2011 at 11:01pm. 333 Views, 0 Comments.
Do you think you have a good handle on what a reasonable price would be for your Santa Cruz home for sale? In today’s rollercoaster real estate market, the right price could be the difference between a quick sale and your house sitting for months without a single bite.
REALTORS® are experts when it comes to housing market values. However, if you’re planning on selling your house yourself, do you even know where to begin? Below are four tips the pros use to set a price that gets potential buyers in the door and still allows you to get the most money from the sale of your property.
Four tips to price your Santa Cruz home for sale like a pro:
1. Study your history – Take a look at what properties in your neighborhood sold for when you bought your house…
Wednesday, January 26th, 2011 at 11:01pm. 245 Views, 0 Comments.
If the thought of buying a Santa Cruz home in 2011 has even so much as flitted through your mind, here are six New Year’s Resolutions you should consider making:
1. Review your credit reports. To determine the interest rate and terms of your mortgage, lenders pull credit scores from each of the three credit reporting bureaus: Equifax, Experian and Trans-Union. You need to go through all three credit reports and dispute any credit report errors.
2. Establish a good credit rating. To take advantage of today's low interest rates, your credit score needs to be above 760. The higher, the better. To improve your credit rating, fix all errors in your credit reports and practice good credit behavior by paying your bills on time and in full each…
Monday, March 22nd, 2010 at 11:01pm. 421 Views, 0 Comments.
The news is everywhere – and it’s good! Those who own or want to own Santa Cruz homes can take a deep breath. Home equity is on the rise, according to a recent study by Zillow.com, an online real estate valuation researcher. And, Federal Reserve economists agree. Although home equity isn’t what it was three years ago, it’s on the rise.
The Fed’s most recent “flow of funds” survey indicates that the net equity of national homeowners grew by almost $1 trillion over the first three quarters of 2009, and rose further by $418 billion between June and September of last year. Compared to before the bubble popped, that’s really not that impressive. However, after three straight years of steadily dropping equities, it could signify the long awaited end of the…
Thursday, February 4th, 2010 at 2:36pm. 401 Views, 0 Comments.
|Trends At a Glance||Dec 2009||Previous Month||Year-over Year|
|Median Price||$560,000||$550,000 (+1.8%)||$450,000 (+24.4%)|
|Average Price||$607,159||$626,278 (-3.1%)||$527,657 (+15.1%)|
|No. of Sales||144||141 (+2.1%)||117 (+23.1%)|
|Pending Properties||221||286 (-22.7%)||154 (+43.5%)|
|Active||467||553 (-15.6%)||974 (-52.1%)|
|Sale vs. List Price||98.1%||97.4% (+0.7%)||96.3% (+1.9%)|
|Days on Market||78||83 (-6.0%)||74 (+4.6%)|
|Median Home Price Ends Year at Highest Level Since August 2008|
|The median price of single-family, re-sale homes in Santa Cruz County reached $560,000 in December, a gain of 24.4% compared to December 2008.|
Home sales were up 23.1% year-over-year.
We expect sales to be strong through the Spring selling season because of the…
Friday, June 19th, 2009 at 1:20pm. 379 Views, 0 Comments.
The median price for single-family, re-sale homes rose 4.7% from April. The median price was off 23.9% year-over-year. The average price fell 9% month-over-month, and was down 30.2% compared to last May.
Sales of single-family, re-sale homes were up, year-over-year, by 10.3% in May. Year-to-date, home sales are up 21%.
Inventory was down 39.8% from last May. This is the thirteenth month in a row inventory has declined year-over-year.
The drop in inventory and the rise in sales combined to push our Days of Inventory indicator down 21 days to 156 days. In a balanced market, the supply of homes is usually around five to six months. For condos, the indicator rose thirteen days to 172 days.
The sales price to list price ratio rose 0.8 of a point to…