Single Family Homes 
There are currently 11 blog entries related to this category.
Market Trend Report for December 2009
Thursday, February 4th, 2010 at 4:36pm. 9 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…
How Much Mortgage Can You Really Afford for a Santa Cruz Home?
Saturday, December 12th, 2009 at 11:01am. 31 Views, 0 Comments.
Owning a Santa Cruz home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. Can you afford it, though?
Reputable lenders look at a list of criteria to decide how much they’ll loan you. This list includes:
• Credit score
• Existing assets including cash
• Car leases or loans
• Credit card balances
• Debt consolidation loans
• Home equity loans
• Installment loans
• Student loans
• Other monthly debts
• Size/source of your down payment
If you’d like to get an idea of what you can afford before talking to a lender, here are a few tools you can use to decide whether a Santa Cruz home is within your budget:
• As a rule of thumb, your house hunting budget shouldn’t be more than 2.5…
Pending Home Sales on a Record Roll
Thursday, September 24th, 2009 at 2:34pm. 49 Views, 0 Comments.
Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1. The index is at the highest level since June 2007 when it was 100.7.
Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better. “The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,”…
Mortgage Rate Outlook
Thursday, September 24th, 2009 at 2:23pm. 45 Views, 0 Comments.
Sep. 4, 2009 -- Mortgage rates ended summer on a softer note, drifting back to late-spring levels. A pause (at least) in stock markets after a strong summer run saw some investors shift cash from equities into less-risky investments to lock in gains, driving influential Treasury yields lower.
The overall average rate for 30-year fixed-rate mortgages revealed in HSH's Fixed-Rate Mortgage Indicator (FRMI) nudged downward, slipping seven basis points (.07%) to close the first week of September at 5.56%. The overall average for 5/1 Hybrid ARMs lost five basis points to landing at 4.87%. Conforming 30-year FRMs finished the period at 5.25%, a level last seen in late May.
Construction Spending fell by 0.2% in July, while outlays for commercial properties declined…
The Real Estate Report
Monday, September 21st, 2009 at 4:24pm. 45 Views, 0 Comments.
Trends At a Glance
Aug 2009Previous MonthYear-over YearMedian Price$500,000$540,391 (-7.5%)$577,150 (-13.4%)Average Price$534,600$545,152 (-1.9%)$659,537 (-18.9%)No. of Sales162178 (-9.0%)157 (+3.2%)Pending Properties365278 (+31.3%)182 (+100.5%)Active723746 (-3.1%)1,271 (-43.1%)Sale vs. List Price98.5%97.3% (+1.3%)97.3% (+1.2%)Days on Market8571 (+20.4%)71 (+19.7%)Inventory Declines, While Pending Sales Continue to Rise
Inventory of single-family, re-sale homes fell for the thirteenth month in a row in August, and it is now down 43.1% year-over-year.Pending sales, meanwhile, climbed 31.3% from July, and were up 100.5% compared to August 2008.
The median price for single-family, re-sale homes lost 7.5% in August. Year-over-year, the median price was off…
Santa Cruz County Trends At a Glance - June 2009
Thursday, July 23rd, 2009 at 3:44pm. 44 Views, 0 Comments.
Trends At a GlanceJun 2009Previous MonthYear-over YearMedian Price$522,258$470,000 (+11.1%)$605,000 (-13.7%)Average Price$571,824$508,121 (+12.5%)$683,464 (-16.3%)No. of Sales183139 (+31.7%)154 (+18.8%)Pending Properties261262 (-0.4%)196 (+33.2%)Active741746 (-0.7%)1,271 (-41.7%)Sale vs. List Price97.8%98.0% (-0.2%)97.7% (+0.1%)Days on Market8292 (-11.1%)90 (-9.3%)
Santa Cruz County - Days of Inventory for June 2009
Thursday, July 23rd, 2009 at 3:43pm. 47 Views, 0 Comments.
