Santa Cruz County Market Overview 
There are currently 3 blog entries related to this category.
Santa Cruz Homes – Home Equity Is On the Rise!
Tuesday, March 23rd, 2010 at 1:01am. 56 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…
Market Trend Report for December 2009
Thursday, February 4th, 2010 at 4:36pm. 56 Views, 0 Comments.
Trends At a GlanceDec 2009Previous MonthYear-over YearMedian 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 Sales144141 (+2.1%)117 (+23.1%)Pending Properties221286 (-22.7%)154 (+43.5%)Active467553 (-15.6%)974 (-52.1%)Sale vs. List Price98.1%97.4% (+0.7%)96.3% (+1.9%)Days on Market7883 (-6.0%)74 (+4.6%) Median Home Price Ends Year at Highest Level Since August 2008The 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 extension, and expansion, of the first-time home buyers tax credit of $8,000…
Santa Cruz County Home Prices Continued to Rise in May
Friday, June 19th, 2009 at 3:20pm. 86 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 98%.
Pending…
