Real Estate Report presented by Christine Schneider - Broker

May 2024 Report

Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >


Median Price
$1,355,000
-4.7%
Average Price
$1,398,180
-10.1%
No. Sold
108
-5.3%
Pending Properties
112
+0.9%
Active
274
+30.5%
Sale/List Price Ratio
101.0%
+0.4%
Days on Market
29
+2.2%
Days of Inventory
76
+42.5%

Market Barometer

Enlarge >
Loading...

Market Commentary

Home Prices Mixed & Sales Up in May

Sales of single-family, re-sale homes were up 0.9% compared to last May.   There were 108 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 2.3% year-over-year last month.

The average sales price fell 5.3%, year-over-year.

Inventory was up 34.3% compared to last May.

As of June 5th, there were 274 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio rose from 100.5% to 101%.

One-hundred & twelve homes went into escrow last month, a decline of 4.3% compared to last year.

Days of Inventory rose from 53 to 76. The average since 2003 is one hundred and thirty-nine.

Days on market stayed at twenty-nine. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos was down 2.4% year-over-year. The average sales price rose 9.1%.

Condo sales were up 60.9% year-over-year. Thirty-seven condos were sold last month.

Inventory was up 63.4%.

As of June 5th, there were sixty-seven condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose from forty-seven to fifty-four.

It took twenty-eight 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.

 

Prices & Sales

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...