Exterior of luxury home in Santa Cruz, CA

 

All of a sudden, it seems as though the first half of 2024 has passed us by. During this time, many buyers have purchased property in and around the city, and have been enjoying the summer fun and sunny skies. However, for those considering buying or selling a home in Santa Cruz, CA, you may want to know how the real estate market is faring this year.


When is the best time to buy? When is the best time to sell? What will the market look like in the future? These are questions that many people are asking. While there is some level of speculation based off of current market statistics (and getting in touch with an expert Santa Cruz area realtor can help provide interested buyers/sellers with a more accurate analysis!), this summary might help…

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Silhouettes of people walking along Santa Cruz beach during sunset. Photo by Chris Leipelt on Unsplash

You’ve heard the saying, “April showers bring May flowers.” For Santa Cruz residents, however, the rain might just be getting to be a bit too much. Despite the weather recently, it’s always a great idea to get out and explore what the city has to offer.


This month, there are a multitude of outdoor—and indoor, for those really rainy days!—events being hosted in the downtown area, for a range of different interests. From cycling through the city to story time for kids, there’s so much happening this April in Santa Cruz.

Santa Cruz Earth Day

April 22nd is officially Earth Day, an event that seeks to generate awareness regarding climate change, sustainability, energy, and more, usually culminating in an hour-long blackout. As this falls on a…

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Luxury homes along the Santa Cruz waterfront

For the past few years, the real estate market in the Santa Cruz metro area has seen some changes—most significantly that housing prices continue to rise, despite a number of external factors (i.e. a pandemic, a rising cost of living) that would typically cause average prices to stagnate or even fall. Of course, this is true of most areas across the state, but it can be a bit disheartening, particularly for first-time homebuyers.

 

If you’re considering buying or selling a home in and around Santa Cruz, the following information may help you better understand the market before you make your decision.

What’s The Santa Cruz Real Estate Market Like?

Comparing data from both the state of California and the metro area of Santa Cruz, there are a…

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Santa Cruz is home to an impeccable public school system and a highly rated health care system to boot, making it an ideal location for family life.


Before you embark on your real estate search in Santa Cruz, check out this list of Santa Cruz neighborhoods for growing families - and gain insight on the best communities to suit your family's needs.

Scotts Valley

Scotts Valley  is currently experiencing rapid development in regards to new construction homes and retail opportunities. Located just 6 miles from the iconic beaches of Santa Cruz, and 30 minutes from San Jose’s Silicon Valley, this family-oriented neighborhood offers a substantial assortment of single-family homes to discover.


Ample lots, freshened up mid-century moderns,…

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what's next for santa cruz real in 2019

The real estate market in Santa Cruz has been on such an upward trajectory for the last 10 years that many have been wondering, "how much longer"?

Well, it's finally here: 2019 should be the year when things level out into a more balanced market.

However, as we'll see, some issues remain for buyers...

National Real Estate Projections for 2019

Rapid gains over the last 10 years have erased the losses of 2008. Now we're expecting to enter a cooler market in 2019, favoring buyers a little more than in the past.

However, "greater balance" shouldn't be interpreted to mean stagnation, or even a new status quo. First, prices are still expected to rise, just at a slower rate. And second, where this slowing down goes is still unknown - it could…

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If you’re thinking about buying a townhome in the coming months, then we have exciting news for you! A new townhome community has just been announced in Scotts Valley, which will bring 20 beautiful new condos to Lundy Lane near Hocus Pocus Park. The project was originally planned for 2011, however the economic decline had investors worried about its success. Now, with a thriving economy and bustling real estate market, the original developer is excited to make this long-time vision a reality, and it couldn’t come soon enough.

Santa Cruz developer, Brooks Properties, who recently completed De Laveaga Park in Santa Cruz, is spearheading the project in collaboration with Bill Kempf, a local architect who also designed the Pinnacle View townhome…

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Whether you’re looking to rent or have been renting in Santa Cruz recently, it'll likely come as no surprise to you that rental prices have skyrocketed over the past few years. It comes down to the fundamental principles of economics. When demand is high and supply is low, prices will trend higher than usual. Unfortunately, this doesn’t bode well for students, seniors, singles, and small households.

Recent market statistics shows that in July, the median home price was $725,000, and around 44% of homes on the market were priced at over $1 million. On the bright side, that means somewhere in the remaining 56% of the market there are affordable homes—you just have to look for them!

Are You Student Looking To Rent In Santa Cruz? Consider Buying A Home…

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