Real Estate Report presented by Christine Schneider - Broker

January 2024 Report

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


Median Price
$1,190,000
+13.3%
Average Price
$1,267,480
-8.1%
No. Sold
53
-32.9%
Pending Properties
82
+12.3%
Active
136
-5.6%
Sale/List Price Ratio
99.3%
+1.8%
Days on Market
52
+16.8%
Days of Inventory
77
+40.8%

Market Barometer

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Market Commentary

Home Prices Mixed, Sales Down in January

Sales of single-family, re-sale homes were down 13.1% compared to last January.   There were 53 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 1.7% year-over-year last month.

The average sales price fell 0.1%, year-over-year.

Inventory was up 3.8% compared to last January.

As of February 5th, there were 136 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio rose from 97.6% to 99.3%.

Eighty-two homes went into escrow last month, a decline of 41% compared to last year.

Days of Inventory rose from 55 to 77. The average since 2003 is one hundred and thirty-nine.

Days on market rose from forty-four to fifty-two. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos was down 10.6% year-over-year. The average sales price fell 5.4%.

Condo sales were up 111% year-over-year. Nineteen condos were sold last month.

Inventory was up 76.9%.

As of February 5th, there were forty-six condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose from fifty-six to seventy-three.

It took thirty-nine 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

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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