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        <title>Santa Cruz Real Estate News &amp; Information</title>
        <link>https://www.mysantacruzrealestate.com/blog/the-real-estate-report/</link>
        <description>Lifestyle, community, day trips, restaurants, real estate, home improvements, and more. Discover what makes Santa Cruz County such a great place to live. Presented by My Santa Cruz Real Estate.</description>
<item>
    <guid>https://www.mysantacruzrealestate.com/blog/2026-santa-cruz-county-market-predictions.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/2026-santa-cruz-county-market-predictions.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>Santa Cruz Real Estate Predictions 2026: Prices, Trends &amp; Outlook</title>
    <description> <![CDATA[ 



 


The real estate market in Santa Cruz is made up of a diverse range of properties, in terms of architectural style, category, and construction date. This, along with its incredible location and amenities, make it a sought-after place to settle down. That being said, being a competitive market and rising property prices have often made the homebuying process in Santa Cruz County more difficult, especially over the past few years



So what is in store for 2026 for buyers and sellers? While it is impossible to predict (with 100 accuracy) what the real estate market will look like in the near future, predictions can be made based on trends and the data available. Santa Cruz—and Santa Cruz County—is a market that's not easily definable, and it sees small ebbs and flows on a monthly basis. These metrics are in regards to available inventory, sale price, and days on the market.



But to answer this question simply: the year 2026 will (likely) see home prices continue to rise as Santa Cruz County remains a desirable area for many.


The Real Estate Market In Santa Cruz


Santa Cruz comprises single-family homes and multi-family properties, with a high rate of homeownership. Additionally, because of the university campus, the city has a significant student population. 



The average sale price of a single-family home in Santa Cruz has risen from around $1,276,000 in 2020 to around $1,701,000 in 2024. Inventory and number of sold properties have also decreased. In October 2025, the average sales price was around $1,494,000.


The Real Estate Market In Santa Cruz Aptos


Aptos is a gorgeous community in Santa Cruz County, east of Santa Cruz. Made up of a number of villages, the Aptos real estate market showcases both oceanfront properties and semi-rural hillside properties.



The average sale price of a single-family home in Aptos has risen from around $1,388,000 in 2020 to around $1,800,000 in 2024. Just like Santa Cruz, inventory and number of sold properties have decreased over time. In October 2025, the average sales price was around $1,695,000.


The Real Estate Market In Capitola


One of the most recognizable communities in the area, Capitola is known for its colorful beachfront real estate and its outdoor recreation. It sees a significant tourist population annually from those also visiting Santa Cruz. 



The average sale price of a single-family home in Capitola has risen from around $1,239,000 in 2020 to around $2,127,000 in 2024. Inventory, however, is low in this area by design and these metrics may now be entirely accurate due to this. In October 2025, the average sales price was around $1,504,000.


The Real Estate Market In Santa Cruz Watsonville/Corralitos


Considered to be a laid-back and more rural alternative to Santa Cruz, Watsonville and nearby Corralitos appeal to a wide demographic, from families to seniors. Watsonville is typically considered to be a more affordable option, though both communities have seen less significant increases in home price than the areas closer to Santa Cruz.



The average sale price of a single-family home in Watsonville has risen from around $783,000 in 2020 to $1,010,000 in 2024. Similarly, the average sale price of a single-family home in Corralitos has risen from around $1,588,000 in 2020 to $1,814,000 in 2024. In October 2025, the average sales price was $1,027,000 and $1,270,000 for Watsonville and Capitola, respecitvely. 


Santa Cruz: What’s Next?


As single-family home prices (as well as other property prices) continue to rise—which will likely continue into the year 2026—some prospective homebuyers are choosing other, surrounding communities when searching for their next home. Or, choosing instead to downsize.



While this is an option, the city of Santa Cruz itself (as well as Santa Cruz County) is also overseeing some new developments, particularly focused on low-rise, multi-family homes. These include, but are not limited to, the following:




Park Haven Plaza (2838 Park Avenue, Soquel). Currently under construction, however the project has been delayed. The building will consist of 36 rental units.


RiverRow Apartments (414 Front Street). Currently under construction. This building is mixed use, and is planned to have 175 rental units, with 20 of these designated as affordable housing.


41st and Soquel (2755 41st Avenue, Soquel). Currently in development, this complex is designed for 256 rental units.


530 Front Street. Currently in development. Another apartment complex, it is planned to be made up of 276 rental units with designated units for low-income residents.




 


All data has been taken from MLSListings, Inc. and from the Santa Cruz County Association of REALTORS®.


 


Explore the Santa Cruz County real estate market with an expert. Contact Lauren Spencer to start your home search.

 ]]> </description>
    <pubDate>Fri, 14 Nov 2025 12:00:00 -0800</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/santa-cruz-housing-prices-by-neighborhood.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/santa-cruz-housing-prices-by-neighborhood.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>Santa Cruz Housing Prices By Neighborhood</title>
    <description> <![CDATA[ 



 


The city of Santa Cruz is made up of a number of neighborhoods—from Seabright down by the waterfront to Westlake up in the hills, by the university campus—and each have their own unique characteristics.



Santa Cruz’s real estate market has seen a general increase in property value from last year, continuing in an upward trajectory. Both 2023 and 2024 saw an average sale price (for a single-family home) of roughly $1,700,000, though with a slight drop in 2024. Comparatively, the average sale price across Santa Cruz County as a whole increased from $1,303,533 to $1,359,649 (2023 to 2024, respectively).



In May 2025, the average sale price for a detached home in Santa Cruz proper was $1,784,986, a number which fluctuates slightly based on neighborhood. Below is a rough guide to home prices in some of the city’s most well-known areas.



Westlake


One of the most desirable neighborhoods in Santa Cruz, Westlake homes are positioned in the Upper West Side of the city, within winding streets on the hillside. Attractive particularly to growing families because of its close proximity to schools and the neighborhood’s central park, Westlake has a lot of curb appeal, with properties that overlook the city and the bay below. 



Of course, these amenities and these views come at a higher price point. Properties in Westlake, which is made up of single-family homes, start at higher than average for the city.


Stats as of June 2025


Highest listed price: $4.1M


Lowest listed price: $1.4M


Westcliff


Another neighborhood in Santa Cruz, Westcliff is centered on West Cliff Drive, south of Bay Street and Delaware Avenue—and between Natural Bridges State Beach and Cowell Beach. These homes, particularly those in the west end of the neighborhood, are sought after for their ocean view location, with a number of properties having unobstructed views of the water.



Homes in this neighborhood are a mixture of older properties and new construction projects, which makes this one of the more diverse areas in terms of architectural style. Westcliff, which is on the coast, also has a sister neighborhood in Pleasure Point, along East Cliff Drive, with similar home features and amenities. 


Stats as of June 2025


Highest listed price: $5.7M


Lowest listed price: $1.7M


The Circles


A small neighborhood just north of Westcliff, The Circles is recognizable on maps for its circular streets which used to curve around the Garfield Park Christian Church. The Circles is an established, residential neighborhood, and single-family homes in this area are typically priced a little bit lower than other areas of Santa Cruz—though properties (many of them older bungalows) are also smaller in square footage.



One of the biggest benefits for living in the circles, other than its family-friendly atmosphere, is its location. It’s just minutes away from the beach, the downtown, schools, and city parks.


Stats as of June 2025


Highest listed price: $1.4M


Lowest listed price: $975K


Downtown


The downtown area of Santa Cruz is vibrant, consisting of historic homes and new construction properties—which include detached houses and condos/townhomes. Incredibly walkable, the downtown is the city’s hub for shopping and dining, with an emphasis on local shops and businesses. The main stretch of Downtown Santa Cruz is centered on Pacific Avenue.



Properties, particularly single-family homes, are sought-after, mostly because of their historic charms and quirks. However, while many homes have been well-maintained over the years, houses for sale in the downtown might require some updates or upgrades.


Stats as of June 2025


Highest listed price: $2.9M


Lowest listed price: $1.4M


Beach Flats


Tucked away by the Santa Cruz Beach Boardwalk is the neighborhood of Beach Flats. Aptly named, this neighborhood is just a short walk away from the Wharf, Cowell Beach, and even the downtown—though a car is recommended. Comprising both multi-family homes and single-family homes, Beach Flats is considered one of the more affordable areas to live in Santa Cruz.



Beach Flats properties are usually smaller in size, with many properties that have been rebuilt or converted to multi-family homes. Additionally, there are not usually a lot of active listings in the neighborhood. 


Stats as of June 2025


Highest listed price: $1.5M


Lowest listed price: $1.4M



All statistics have been retrieved from the Santa Cruz MLS [MLSListings, Inc.] and from the Santa Cruz County Association of REALTORS®.



Searching for a home in Santa Cruz or Santa Cruz County? Connect with Lauren Spencer of MySantaCruzRealEstate to refine your search. 

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    <pubDate>Tue, 15 Jul 2025 12:00:00 -0700</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/santa-cruz-2025-real-estate-market-predictions.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/santa-cruz-2025-real-estate-market-predictions.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>Santa Cruz 2025 Real Estate Market Predictions</title>
    <description> <![CDATA[ 



 


Will housing prices fall or will housing prices rise? These are thoughts that both potential buyers and sellers are asking—though perhaps for different reasons Regardless, Santa Cruz and Santa Cruz County are perhaps most well-known for their ample things to do (indoors and outdoors) and their gorgeous properties .As such, this has become one of the most expensive areas to live in the state.



For anyone considering buying or selling—from those trying to buy their first property, all the way to those who have sold their home before and are looking to sell again—this is what we think the Santa Cruz area real estate market might look like in 2025.


The Santa Cruz Real Estate Market: An Overview


Last year was a year of great highs and lows state-wide, with storms and fires impacting several communities. Santa Cruz’s real estate market has seen a steady incline in average sales price (of all property types) over the past decade, though inventory has fluctuated a little bit.



In 2024, the National Low Income Housing Coalition reported that the Santa Cruz-Watsonville area is the most expensive in the state of California when it comes to rentals—surpassing both the San Francisco and San Jose-Sunnyvale-Santa Clara areas. The market shows a similar increase when it comes to property ownership. All of the following statistics and data were taken from the Santa Cruz County Association of Realtors (SCCAR).


In 2023, the average sale price of a single-family home in Santa Cruz (city only) was $1,742,280, while the average across Santa Cruz County was $1,303,533. In comparison, in 2024, the average sale price of a single-family home in Santa Cruz was $1,700,902, with the average across the county being $1,359,649.



Sales inventory also increased from year to year.






Number of single-family homes sold in Santa Cruz in 2023: 326






Number of single-family homes sold in Santa Cruz in 2024: 378 (+15.9)






Number of single-family homes sold in Santa Cruz County in 2023: 1191






Number of single-family homes sold in Santa Cruz County in 2024: 1257 (+5.5)







When comparing January 2023 to January 2024, there was a 3 increase in median sales price, a 52 increase in new listings, and a 19 increase in the number of single-family homes sold in Santa Cruz County.


The Real Estate Market in 2025: What’s To Come For Homeowners &amp; Homebuyers?


Based on sales data, time on the market, and other factors, the Santa Cruz (and Santa Cruz County) real estate market appears to be on an upward trend—with no sign of slowing down in 2025.



Homebuyers looking to break into the market for the first time might find it increasingly difficult to do so, while homeowners might find that insurance rates are increasing, as well. For sellers, this might be the perfect time to find an agent.



Areas such as Felton, Boulder Creek, and Mount Hermon continue to be most affordable communities for single-family homes in Santa Cruz County, while La Selva Beach, Capitola, Aptos, and Santa Cruz proper are the highest priced.


Our Featured Listings





 


Thinking of making the move to Santa Cruz County with your family? Get in touch with an agent at My Santa Cruz Real Estate. Connect with us today and find your dream home. 

 ]]> </description>
    <pubDate>Fri, 14 Feb 2025 12:00:00 -0800</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/mid-year-santa-cruz-real-estate-market-update.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/mid-year-santa-cruz-real-estate-market-update.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>Mid-Year Santa Cruz Real Estate Market Update</title>
    <description> <![CDATA[ 



 


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 you make an informed decision.


What’s The Real Estate Market in Santa Cruz, CA Like?


As a general overview, the real estate market in Santa Cruz, CA is considered to be competitive—with homes in high-demand and properties listed for higher prices than most cities (almost all) across the state. This is, of course, largely because of the area’s wide appeal, with a vibrant downtown, a beautiful beach, and ample opportunities for outdoor recreation—not limited to surfing, hiking, and beach volleyball. As a result, Santa Cruz (and Santa Cruz County) attracts a diverse selection of prospective buyers. 



With data sourced from the Santa Cruz County Association of Realtors, the following real estate statistics have been reported (all of Santa Cruz County) for June 2024:






The average price of a single-family home is currently $1,584,224






The average price of a multi-family home (condo or townhouse) is currently $851,651






170 single-family homes were listed in the month of June. This is in comparison to 93 in January and 216 in May of this year







According to data collected by Redfin, the following Santa Cruz (city only) statistics are also of interest, true of June 2024:






The median sale price of a property sits at around $1,300,000 






The median time a property spends on the market is 24 days






Single-family homes spend a median of 38 days on the market







To further compare, the median sale price of a property in San Francisco is $1.43M, while Monterey is $1.09M. Both of these sale prices have increased since last year. A property in San Francisco also spends a median of 22 days on the market, 30 for Monterey.


Santa Cruz Real Estate: This Time Last Year


In order to gain better insight into market performance, it is important to look at the data collected from previous years. As an overview, when comparing the market from the same time last year, a few conclusions can be made:






The number of total single-family home sales has decreased






The average time a property spends on the market has risen






The average sales price has risen, though single-family homes tend to be purchased closer to the listing price than last year







Once again, according to the Santa Cruz County Association of Realtors, the number of sold single-family homes has dropped 26, while the average day a single-family home spends on the market has gone up 16. These figures are in comparison to the statistics collected from June 2023.



In contrast, condos and townhouses in the area have seen an increase in listings, with June 2024 having the highest amount of inventory and new listings of any month this year—the latter showing an increase of 63 from last year.


Future Predictions: What Does This Mean For Buyers &amp; Sellers?


While single-family detached homes do make up a significant portion of the real estate market (the majority, actually), condos and townhouses seem to be rising in popularity, especially with a number of new and proposed developments popping up around the city. Those searching for either of these property types might find that now is the time to buy—or at least this is the time to keep an eye out for new listings.


 


Sellers concerned about time on the market or lowering average sale prices likely do not have to worry, as Santa Cruz real estate continues to hold its value. Additionally, buyers hoping for significant price decreases might not see these any time soon—so this season might be the best time to put in an offer on a single-family home


 




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    <pubDate>Fri, 26 Jul 2024 12:00:00 -0700</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/santa-cruz-real-estate-market-update-february-2023.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/santa-cruz-real-estate-market-update-february-2023.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>Santa Cruz Real Estate Market Update - February 2023</title>
    <description> <![CDATA[ 



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 few statistics of note. According to active realtors, the number of sales closed fell almost 9 from January, with the number of listings dropping slightly (though much less, at about 1). 



However, as we move into the spring season (generally considered the best time to buy or sell a home), many are optimistic that these numbers will rise exponentially in the coming months. March to May is generally the busiest time to buy/sell a property.


Current Housing Prices In Santa Cruz


According to the Santa Cruz Association of Realtors, the median price for a single-family home in January 2024 was $1,160,000. Taking into account market trends, home prices in February tend to rise slightly, and this month seems to be following in the footsteps of other years.


 


In the second week of February 2024, Redfin reported an average sale price of $1,032,708, though it is important to note that this includes not only single-family homes, but condos and townhomes in the Santa Cruz metro area, as well. We can also compare the monthly sale data (average sale price) of single-family homes in the city of Santa Cruz from previous years, as collected by the Santa Cruz Association of Realtors:




February 2023: $1,597,322


February 2022: $1,989,629


February 2021: $1,296,120


February 2020: $1,144,246




 


As a whole, housing prices seem to closely reflect the trends of the previous year. Comparing the average sale prices from 2023, January saw a 0.6 increase from this time last year. 


 



On the other hand, the average listing price is not the same as the actual selling price. In some locations, these figures can vary quite a bit, illustrating a gap between what sellers think the property is worth and what homebuyers are willing to pay.



According to Redfin, the average selling price of a property in the Santa Cruz metro area at this point in time is $1,020,000. In comparison, 2022 and 2023 had differing numbers: $1,109,000 and $1,067,000, respectively.



While this may not be a considerable difference, it’s interesting to note that properties sell, on average, at their listed price or a little bit less—and this goes back to supply and demand of homes on the Santa Cruz real estate market.


A Buyer’s or Seller’s Market?


It is currently a seller's market, as is true of almost every single region in the state of California. All this means is that buyers are usually competing with each other to purchase a home, and that there is low inventory and high demand. This directly reflects the figures above, particularly the number of sales closed and the number of listings dropping. However, this could even out in the future.


Santa Cruz Real Estate Market: The Future


According to collected data, the number of homes sold around this time of the year is significantly less than the years 2020 and 2021. 



What does that mean? Ultimately, it means that this is a favorable time for sellers to list their property, and buyers may want to hold out, or take the plunge now before housing prices rise further.


 





 


All data was taken from Redfin, The Santa Cruz Association Of Realtors®, and the California Association of REALTORS®. Small discrepancies are expected.



Get answers to all of your real estate questions. If you're interested in learning more about the homes found in Santa Cruz, be sure to contact Lauren Spencer online or call 1.800.226.4717 to learn more about the area.
 ]]> </description>
    <pubDate>Fri, 23 Feb 2024 12:00:00 -0800</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/buying-or-renting-why-now-is-the-time-to-buy-in-santa-cruz.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/buying-or-renting-why-now-is-the-time-to-buy-in-santa-cruz.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>Buying or Renting? Why Now Is The Time To Buy In Santa Cruz</title>
    <description> <![CDATA[ 



When it comes to the real estate market in Santa Cruz, this beautiful coastal city continues to be one that’s highly-desirable. Home to scenic views, unique boutiques, excellent restaurants, and the University of California Santa Cruz campus, there’s a multitude of reasons why many are choosing to make the move here. 


But is it better to buy a home or to rent? What’s the market like overall? We outline everything you need to know below, in order for you to make an informed decision.


Current Market Statistics


If you’re considering moving to the Santa Cruz area, one of the first things you’ll want to know is the overall performance of the real estate market. In general, Santa Cruz and Santa Cruz County is an appealing area for a number of different lifestyles: from the Silicon Valley professionals to the ambitious students. As a result of this, property is quite desirable, and the real estate market reflects that.



The Santa Cruz County Association of Realtors has reported some interesting statistics, which can be compared to the first half of the year, as well as this time last year. These statistics are county-wide and are in regards to single-family homes only. 



Median Sales Price: In contrast to the past few months, the median sales price of a home in Santa Cruz County has fallen slightly—however, this number is still higher than the start of the year. In short, housing prices continue to steadily rise over time, so now may be the best time to invest, if possible. 



Sales Activity: There are a greater number of homes on the market now than they were at the start of the year (which is pretty typical), although inventory has generally fallen a small percentage since last year. 



Time On The Market: Homes in Santa Cruz County tend to take a longer amount of time to sell, up almost 40 since this time last year. This is likely a result of a number of factors, including the intense storms that have caused some significant damage just a few months back,



California Comparison: In comparison to the housing market state-wide (as reported by the California Association of Realtors), Santa Cruz County has a higher median sales price: about one and a half times the average. As well, homes spend a longer time on the market (an average of 10 days longer). 


Rental Prices: Santa Cruz &amp; San Francisco


Recently, Santa Cruz has made headlines across a number of publications, as rental prices have soared. By how much? According to a report conducted by the National Low Income Housing Coalition (a non-profit concerned with the rising costs of living across the country), Santa Cruz County average rents have now surpassed San Francisco—making this county the most expensive in the country.



Like the data in the previous section, prices fluctuates—location, such as city and neighborhood, as well as property size, are significant factors. Regardless, it can be concluded that prices for rentals (in this case apartments) are quite high and will likely continue to rise in the future. 


To Rent Or To Buy?


It can seem a bit unfair to compare these two reports; after all, the former analyzes single-family homes while the latter examines rental prices for apartments. These are often different buyers. So how can the question, to rent or to buy, be answered? 



 


While housing prices increase—not limited to Santa Cruz County—rental prices seem to be soaring. Plus, available rental properties in the area are becoming more limited. For those considering buying a single-family home, or for those who are new to the region and debating between renting or buying, purchasing a home would be advisable. But to do so, you’ll need a great realtor. 


A Great Realtor Can Help


To get the perfect home you’ve been dreaming for, you’ll require an expert with local knowledge, in-depth insights into the real estate market, and a driven, professional outlook. 



Contact us today to start your home search in Santa Cruz County.


 
 ]]> </description>
    <pubDate>Fri, 28 Jul 2023 12:00:00 -0700</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/new-developments-around-santa-cruz-county.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/new-developments-around-santa-cruz-county.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>New Developments Around Santa Cruz County</title>
    <description> <![CDATA[ 



 


While downtown Santa Cruz is known for its established neighborhoods and historic properties, there are a number of exciting new developments popping up around the city and the county. For those in the market for a new construction condo or detached home, there are a few developments to keep an eye on. 


Amid rising housing costs and increasing requirements for housing goals (as dictated by the state of California), the county has had to make some changes and revise their plan of action. As a result, there are a number of new plans for Santa Cruz County’s undeveloped areas—specifically the communities of Aptos, Soquel, Live Oak, La Selva Beach, Corralitos, and more. 



These developments are highly-anticipated and/or reaching the final stages of construction. 


Affordable Housing &amp; Downtown Library


Following the recent construction of Water Street (the affordable housing development located in downtown Santa Cruz, built by the same developer as Riverwalk Apartments), there are plans for a new, centrally-located housing development and library. Currently, the plans are in their final stages of approval (as of March 2023).



This multi-story project is set to be constructed on the site of the city-owned parking lot on Cedar Street, and will replace the existing Downtown Branch for the Santa Cruz Library. The building itself will be mixed-use, with over 100 units of very low-income housing, the new library space (at over 38,000 square feet), a child care center, parking spaces (for cars and bikes), and e-bike/e-vehicle charging stations. The Farmers Market that is held in the parking lot is also planning on moving. 



For project status and the latest updates, visit the City of Santa Cruz website here.


Aptos Village, Aptos


Aptos Village Phase Two, as the project has been dubbed, is the further expansion of the Aptos Village Project. Its goal is to provide more of the necessary housing required, as well as reduce the amount of traffic in the region.



This mixed-use development takes on a three-pronged approach, centered around:






Condos and townhomes






Commercial space






Parks and green areas







Located near the Forest of Nisene Marks State Park, the second phase of Aptos Village will include a number of new construction multi-family homes and retail stores, as well as a park and village common. While a portion of the homes in the area have already been built, construction on the project continues. 



More information about the project, found on Aptos Village Way, can be found here.


Bienestar Plaza, Live Oak


Construction for Bienestar Plaza, a mixed-use development in Live Oak that features a health clinic and a dental center, as well as fifty-seven affordable housing units, has been ongoing for the past few years. 



The project (located at 1500 Capitola Road) is now nearing completion, with the finishing touches on the last units currently underway, however the two medical centers have been open for some time. Applications to lease units recently opened and closed (as of mid-May 2023), and is now in wait-list status. The development features a small green area, resident and guest parking, and the expansive medical complex. 



More information about the project can be found here.



There are a plethora of developments currently in the planning stage, many of which are mixed-use—especially in the areas of Santa Cruz and Live Oak. Resident feedback for these developments (as well as those in the planning stages) varies, with concerns about whether these projects will, in fact, alleviate the housing and traffic problems. This remains to be seen. 


 


Searching for a new construction home in Santa Cruz County? Lauren Spencer has insider knowledge and years of experience. Click here to contact us today.

 ]]> </description>
    <pubDate>Fri, 26 May 2023 12:00:00 -0700</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/new-townhome-community-coming-to-scotts-valley.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/new-townhome-community-coming-to-scotts-valley.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>New Townhome Community Coming To Scotts Valley</title>
    <description> <![CDATA[ 



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 &amp; Townhomes For Sale



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.


^ Back to New Townhome Community Coming to Scotts Valley
 ]]> </description>
    <pubDate>Mon, 03 Oct 2016 13:23:00 -0700</pubDate>
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<item>
    <guid>https://www.mysantacruzrealestate.com/blog/the-real-estate-report-for-september-october-2015.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/the-real-estate-report-for-september-october-2015.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>The Santa Cruz Real Estate Report for September &amp; October 2015</title>
    <description> <![CDATA[ 
Where Are All The Homes For Sale In Santa Cruz?

California Association Of REALTORS® Study Finds Alarming Trends

While home prices continue to rise, homeowners who were once thinking about capitalizing on the value of their home are reconsidering the idea. A study from the California Association of REALTORS® found that more than one-third of California homeowners have thought about selling their home in the past year in an attempt to cash in on the boom, but a majority of them weren't able to afford another home if they sold the one they had. In addition to the affordability crunch, the higher property taxes are another factor that's keeping residents in their current homes.


In the first quarter of 2012, when housing in California was the most affordable it's been in many years, an income of over $56,000 was required in order to purchase a medium-priced home. This year, the minimum income required to purchase a home has jumped to over $96,000. The good news? Prices in August appear to have dipped a little from July, so there's hope that the crunch is starting to ease off. Check out the table below for a more in-depth comparison of the numbers. 


Trends At A Glance: Santa Cruz Real Estate Right Now






Average Statistics For Single Family Homes


Aug 2015


July 2015


Aug 2014




Median Price:


$745,000


$800,500


$674,000




Average Price:


$835,334


$887,521


$753,583




Units Sold:


147


163


190




Pending Sales:


113


92


254




Active Listings:


375


332


470




Sale/List Price Ratio:


100.3


99.3


99.8




Days On Market:


38


43


35




Days Of Inventory:


77


59


74






Why Rent When You Can Buy?


The rental market in Santa Cruz right now is in a similar situation as the buying market with the lack of inventory and sky-high prices, but there are a number of resources and assistance programs to help first time buyers get into a home that's all their own. Nearly 87 percent of homes qualify for down payment assistance, but a lack of awareness that these programs even exist is what's keeping people from even considering the idea. A new tool called Down Payment Resource (DPR) is optimistic that they'll change that. DPR's website can connect prospective buyers with programs in their area, from grants and delayed repayment plans to interest-free loans and more.


While most programs are intended to help first-time homebuyers, there are a few options for anyone who's looking to buy a new home. Even those who were hit hard during the recession may be able to take advantage of these programs. If you were forced to sell your home in a short sale before, but have since then re-established yourself, you just might qualify for assistance. Visit DPR's website for more information, check your eligibility, and see what's available in your area today.


The Santa Cruz Real Estate Report - Lauren Spencer


For more information about the current state of the market, be sure to check out my formal Real Estate Report . There you'll find more information about the results of the C.A.R.'s study where to find the most affordable homes for sale in Santa Cruz. 


If you've been thinking about buying a home, now more than ever is an important time to have a certified real estate agent on your side. With over 29 years of experience, finding the best home for you isn't just my job, it's my passion. Get in touch with me today or call 1-800-226-4717 and I'll be happy to arrange a time for us to discuss your options.




Questions About Santa Cruz?



We're experts in the community and real estate market of Santa Cruz—this is where we live, work, and play. So let us know your questions about our community and county and we'll be happy to fill you in on all you want to know


Lauren Spencer has consistently been voted best local REALTOR in Santa Cruz and is always happy to offer her advice and expertise. Call her at: 800.226.4717.



Connect With Our Team Today:   Send Us An Email




^ Back To The Santa Cruz Market Report: Sept/Oct 2015
 ]]> </description>
    <pubDate>Wed, 07 Oct 2015 07:58:00 -0700</pubDate>
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    <guid>https://www.mysantacruzrealestate.com/blog/the-most-cost-effective-projects-for-santa-cruz-homes.html</guid>
    <link>https://www.mysantacruzrealestate.com/blog/the-most-cost-effective-projects-for-santa-cruz-homes.html</link>
        <author>lauren@laurenspencer.com (Lauren Spencer)</author>
        <title>The Most Cost-Effective Projects for Santa Cruz Homes</title>
    <description> <![CDATA[ 
According to Remodeling Magazine’s 2010-2011 Remodeling Cost vs. Value Report, nine out of the top 10 most cost-effective projects (based on value recouped) are exterior replacement projects.  Here are the four most cost-effective exterior replacement projects:

1. Steel entry door replacement.  This project returned the most money, with an estimated 102.1 percent of cost recouped when the Santa Cruz homes were resold.  It’s the only project in this year’s report that is expected to return more than the cost.  

2. Midrange garage door replacement.  This is the first year this project ranked high enough to make it into the report.  It’s expected to recoup 89.9 percent of costs.  According to the report, a “midrange” price for a garage door replacement is about $1,200.

3. Siding replacement.  This project is expected to return more than 70 percent of costs.   The most cost-effective siding project was upscale fiber-cement siding replacement, recouping 80 percent of costs. 

4. Window replacement.  This project ranked the same as siding replacement with a return of more than 70 percent of costs.   Covered, upscale vinyl window replacements were expected to recoup the most with a 72.6 percent return upon resale of Santa Cruz homes. 

According to the 2010-2011 Remodeling Cost vs. Value Report, replacement projects usually outperform remodel and addition projects in resale value because they are among the least expensive and contribute to curb appeal.

Since resale value can vary by region, it's smart for owners of Santa Cruz homes to work with a Santa Cruz real estate agent through the remodeling and improvement process.  An agent can provide insight into projects in his or her neighborhoods that will recoup the most when the owners are ready to sell.

Want help identifying the improvement projects that will recoup the most value when you sell your home?  Give me a call today at 831-662-6522 or email me at Laure@LaurenSpencer.com.

For more information, please visit my website at www.MySantaCruzRealEstate.com.

 
 ]]> </description>
    <pubDate>Fri, 29 Apr 2011 23:01:00 -0700</pubDate>
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