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 community on Lundy Lane. The project should take roughly a year-and-a-half to complete, however some of the units should be available as soon as early Spring 2017.

Brooks Properties is hoping the 1,800 to 2,000 square-foot townhomes will garner the attention of working-class families with a budget in the low $700,000s. Currently there is only one similarly sized townhome on the market, which was built in 2003 and is priced at $749,000.

View Current Scotts Valley Condos & Townhomes For Sale

Scotts Valley Condos & Townhomes For Sale

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900 Lundy, SCOTTS VALLEY

$1,295,000

900 Lundy, SCOTTS VALLEY

4 Beds 3 Baths 2,275 SqFt Condo / Townhome MLS® # ML82010711

Compass 408-529-4069MLSListings Inc Logo

New
17 Carriage Ln, SCOTTS VALLEY

$930,000

17 Carriage Ln, SCOTTS VALLEY

3 Beds 2 Baths 1,547 SqFt Condo / Townhome MLS® # ML82000758

eXp Realty of California Inc 831-252-2270MLSListings Inc Logo

4104 Scotts Valley 204, SCOTTS VALLEY

$899,000

4104 Scotts Valley 204, SCOTTS VALLEY

2 Beds 2 Baths 1,080 SqFt Condo / Townhome MLS® # ML82000439

Delaveaga Properties 831-566-9810MLSListings Inc Logo

7 Arabian Way, SCOTTS VALLEY

$843,000

↑ $15,000

7 Arabian Way, SCOTTS VALLEY

2 Beds 2 Baths 1,262 SqFt Condo / Townhome MLS® # ML81995610

Keller Williams Realty-Scotts Valley 831-332-9786MLSListings Inc Logo

111 Bean Creek Rd 186, SCOTTS VALLEY

$699,000

↓ $40,000

111 Bean Creek Rd 186, SCOTTS VALLEY

2 Beds 3 Baths 1,180 SqFt Condo / Townhome MLS® # ML81994449

David Lyng Real Estate 831-588-1689MLSListings Inc Logo

111 Bean Creek Rd 146, SCOTTS VALLEY

$699,000

111 Bean Creek Rd 146, SCOTTS VALLEY

2 Beds 2 Baths 1,108 SqFt Condo / Townhome MLS® # ML82004857

Forest Bay Properties 408-691-6804MLSListings Inc Logo

111 Bean Creek Rd 45, SCOTTS VALLEY

$695,000

111 Bean Creek Rd 45, SCOTTS VALLEY

2 Beds 2 Baths 1,216 SqFt Condo / Townhome MLS® # ML82004626

Montalvo Homes & Estates 831-435-9146MLSListings Inc Logo

111 Bean Creek Rd 97, SCOTTS VALLEY

$679,000

111 Bean Creek Rd 97, SCOTTS VALLEY

2 Beds 2 Baths 1,010 SqFt Condo / Townhome MLS® # ML82008436

Sherman & Boone Realtors 831-687-9025MLSListings Inc Logo

111 Bean Creek Rd 101, SCOTTS VALLEY

$585,000

↓ $14,000

111 Bean Creek Rd 101, SCOTTS VALLEY

2 Beds 2 Baths 998 SqFt Condo / Townhome MLS® # ML81997568

David Lyng Real Estate 831-345-7817MLSListings Inc Logo

111 Bean Creek Rd 50, SCOTTS VALLEY

$549,000

↓ $50,000

111 Bean Creek Rd 50, SCOTTS VALLEY

2 Beds 2 Baths 1,149 SqFt Condo / Townhome MLS® # ML81998634

Lighthouse Realty 831-247-7211MLSListings Inc Logo

111 Bean Creek Rd 174, SCOTTS VALLEY

$549,000

↓ $50,000

111 Bean Creek Rd 174, SCOTTS VALLEY

2 Beds 2 Baths 1,043 SqFt Condo / Townhome MLS® # ML81999010

Intero Real Estate Services 408-892-3122MLSListings Inc Logo

111 Bean Creek Rd 90, SCOTTS VALLEY

$539,000

↓ $36,000

111 Bean Creek Rd 90, SCOTTS VALLEY

2 Beds 2 Baths 887 SqFt Condo / Townhome MLS® # ML82003230

David Lyng Real Estate 831-588-4773MLSListings Inc Logo

Santa Cruz Real Estate Market At A Glance – August 2016

In August, the average home price in Santa Cruz County was $815,000 , which is up 14% from August 2015. The average sale price is also up from last year, rising from $800,000 to $948,656, an 18% difference. While August was a busy month with 185 homes sold, many of the homes spent a little bit longer on the market than usual and inventory was also slightly up from previous months.

If you’re looking to buy a home in the Santa Cruz area, put Lauren’s trusted expertise to work for you. Send her a message or give her a call at 800.226.4717 for more information today.

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Posted by Lauren Spencer on
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