Real Estate Report presented by Christine Schneider - Broker

April 2024 Report

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


Median Price
$1,422,500
+8.2%
Average Price
$1,555,590
+12.2%
No. Sold
114
+37.3%
Pending Properties
111
-13.3%
Active
210
+33.8%
Sale/List Price Ratio
100.5%
-0.3%
Days on Market
29
-20.1%
Days of Inventory
53
-5.9%

Market Barometer

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Market Commentary

Home Prices & Sales Up in April

Sales of single-family, re-sale homes were up 54.1% compared to last April.   There were 114 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 5.4% year-over-year last month.

The average sales price gained 9.7%, year-over-year.

Inventory was up 11.7% compared to last April.

As of May 5th, there were 210 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio fell from 100.8% to 100.5%.

One-hundred & eleven homes went into escrow last month, a decline of 36.9% compared to last year.

Days of Inventory fell from 57 to 53. The average since 2003 is one hundred and thirty-nine.

Days on market fell from thirty-six to 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 12.7% year-over-year. The average sales price fell 6.2%.

Condo sales were up 112.5% year-over-year. Thirty-four condos were sold last month.

Inventory was up 89.7%.

As of May 5th, there were fifty-five condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory fell from fifty-three to forty-seven.

It took thirty-two 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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