Real Estate Report presented by Christine Schneider - Broker

June 2024 Report

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


Median Price
$1,430,500
+5.6%
Average Price
$1,600,460
+14.5%
No. Sold
108
0.0%
Pending Properties
138
+23.2%
Active
265
-3.3%
Sale/List Price Ratio
100.4%
-0.5%
Days on Market
31
+4.9%
Days of Inventory
71
-6.5%

Market Barometer

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Market Commentary

Home Prices Up, Sales Down in June

Sales of single-family, re-sale homes were down 22.9% compared to last June.   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 19.2% year-over-year last month.

The average sales price gained 18.4%, year-over-year.

Inventory was up 10.9% compared to last June.

As of July 5th, there were 265 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio fell from 101% to 100.4%.

One-hundred & thirty-eight homes went into escrow last month, an increase of 50% compared to last year.

Days of Inventory fell from 76 to 71. The average since 2003 is one hundred and thirty-nine.

Days on market was thirty-one. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos was up 4.9% year-over-year. The average sales price rose 2.3%.

Condo sales were down 3.8% year-over-year. Twenty-five condos were sold last month.

Inventory was up 67.4%.

As of July 5th, there were seventy-two condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose from fifty-four to eighty-four.

It took twenty-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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