March 2024 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,386,540
+12.9%
Pending Properties128
+33.3%
Sale/List Price Ratio100.8%
+0.7%
Days of Inventory57
-12.5%
Trends at a Glance
| Trends At a Glance |
Mar 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$1,315,000 (+5.2%) |
$1,250,000 |
$1,177,500 (+11.7%) |
| Average Price |
$1,386,540 (+12.9%) |
$1,228,000 |
$1,292,030 (+7.3%) |
| No. of Sales |
83 (+38.3%) |
60 |
92 (-9.8%) |
| Pending |
128 (+33.3%) |
96 |
72 (+77.8%) |
| Active |
157 (+12.9%) |
139 |
155 (+1.3%) |
| Sale vs. List Price |
100.8% (+0.7%) |
100.1% |
101.4% (-0.6%) |
| Days on Market |
36 (-32.8%) |
54 |
48 (-25.4%) |
| Days of Inventory |
57 (-12.5%) |
65 |
51 (+12.3%) |
Market Commentary
Sales of single-family, re-sale homes were down 8.8% compared to last March. There were 83 homes sold in Santa Cruz County last month. The average since 2000 is 157.
The median sales price for single-family, re-sale homes was up 9.6% year-over-year last month.
The average sales price gained 6%, year-over-year.
Inventory was down 1.3% compared to last March.
As of April 5th, there were 157 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The sales price to list price ratio rose from 100.1% to 100.8%.
One-hundred & twenty homes went into escrow last month, a decline of 15.2% compared to last year.
Days of Inventory fell from 65 to 57. The average since 2003 is one hundred and thirty-nine.
Days on market fell from fifty-four to thirty-six. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos was down 17.3% year-over-year. The average sales price fell 8.9%.
Condo sales were up 50% year-over-year. Twenty-one condos were sold last month.
Inventory was up 33.3%.
As of April 5th, there were forty-four condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory fell from sixty-four to fifty-three.
It took thirty-four days, on average, to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.