July 2022 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,377,000
-7.8%
Pending Properties196
+5.9%
Sale/List Price Ratio102.4%
-1.1%
Days of Inventory62
+19.0%
Trends at a Glance
| Trends At a Glance |
Jul 2022 |
Previous Month |
Year-over-Year |
| Median Price |
$1,250,000 (-5.7%) |
$1,325,500 |
$1,180,000 (+5.9%) |
| Average Price |
$1,377,000 (-7.8%) |
$1,494,000 |
$1,325,760 (+3.9%) |
| No. of Sales |
117 (-15.2%) |
138 |
179 (-34.6%) |
| Pending |
196 (+5.9%) |
185 |
229 (-14.4%) |
| Active |
240 (-2.4%) |
246 |
243 (-1.2%) |
| Sale vs. List Price |
102.4% (-1.1%) |
103.6% |
105.6% (-3.0%) |
| Days on Market |
20 (+3.5%) |
19 |
16 (+26.3%) |
| Days of Inventory |
62 (+19.0%) |
52 |
41 (+51.1%) |
Market Commentary
Sales of single-family, re-sale homes were down for the eleventh month in a row, year-over-year. They fell 34.6% compared to last July. There were 117 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 5.9% year-over-year last month. It fell 5.7% in July from June.
The average sales price rose 3.9%, year-over-year.
After being down twenty-eight months in a row, inventory was up for the fifth month in a row. It gained 15.4% compared to last July.
As of August 5th, there were 240 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 twenty-fourth month in a row. It went from 103.6% to 102.4%.
One hundred and ninety-six homes went into escrow last month, a drop of 20.3% compared to last year.
Days of Inventory rose from fifty-two to sixty-two. The average since 2003 is one hundred and thirty-nine.
Days on market rose from nineteen to twenty. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos rose 6.4% year-over-year. The average sales price rose 2.1%.
Condo sales were down 34% year-over-year. Thirty-one condos were sold last month.
Inventory was up 30.8%.
As of August 5th, there were fifty-one condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory rose from thirty-nine to forty-nine.
It took seventeen 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.