March 2021 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,259,100
+8.5%
Pending Properties215
+24.3%
Sale/List Price Ratio105.0%
+2.9%
Trends at a Glance
| Trends At a Glance |
Mar 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,107,500 (+4.4%) |
$1,061,000 |
$925,000 (+19.7%) |
| Average Price |
$1,259,100 (+8.5%) |
$1,160,720 |
$981,757 (+28.2%) |
| No. of Sales |
140 (+23.9%) |
113 |
102 (+37.3%) |
| Pending |
215 (+24.3%) |
173 |
107 (+100.9%) |
| Active |
125 (+12.6%) |
111 |
267 (-53.2%) |
| Sale vs. List Price |
105.0% (+2.9%) |
102.0% |
100.8% (+4.2%) |
| Days on Market |
40 (-10.2%) |
45 |
51 (-20.9%) |
| Days of Inventory |
27 (+1.0%) |
27 |
79 (-65.9%) |
Market Commentary
The median sales price for single-family, re-sale homes rose 19.7% year-over-year last month. That is the tenth month in a row the median sales price has been higher than the year before.
The average sales price rose 28.2%, year-over-year.
Home sales were up 37.3% year-over-year. There were 140 homes sold in Santa Cruz County last month. The average since 2000 is 157.
Inventory was down for the eighteenth month in a row. Active listings dropped 41.6% compared to last year.
As of April 5th, there were only 125 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The sales price to list price ratio stayed over 100% for the eighth month in a row. It went from 102% to 105%.
Two hundred and fifteen homes went into escrow last month, a gain of 50.3% compared to last year.
Days of Inventory stayed at twenty-seven. The average since 2003 is one hundred and thirty-nine.
Days on market fell from forty-five to forty. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos rose 6.9% year-over-year. The average sales price rose 13.4%.
Condo sales were up 75% year-over-year. Forty-nine condos were sold last month.
Inventory was down 73.8%.
As of April 5th, there were twenty-one condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory fell to thirteen from seventeen.
It took forty-one 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.