December 2021 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,347,000
-3.1%
Pending Properties144
-23.8%
Sale/List Price Ratio104.3%
+0.3%
Days of Inventory14
-30.8%
Trends at a Glance
| Trends At a Glance |
Dec 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,212,950 (-3.7%) |
$1,260,000 |
$1,085,000 (+11.8%) |
| Average Price |
$1,347,000 (-3.1%) |
$1,389,800 |
$1,264,330 (+6.5%) |
| No. of Sales |
124 (-20.5%) |
156 |
165 (-24.8%) |
| Pending |
144 (-23.8%) |
189 |
163 (-11.7%) |
| Active |
59 (-46.8%) |
111 |
116 (-49.1%) |
| Sale vs. List Price |
104.3% (+0.3%) |
103.9% |
101.8% (+2.4%) |
| Days on Market |
27 (+27.2%) |
22 |
29 (-6.4%) |
| Days of Inventory |
14 (-30.8%) |
21 |
21 (-32.3%) |
Market Commentary
Sales of single-family, re-sale homes were down for the fourth month in a row, year-over-year. They fell 24.8% compared to last December. There were 124 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 11.8% year-over-year last month. That is the nineteenth month in a row the median sales price has been higher than the year before.
The average sales price rose 6.5%, year-over-year.
Inventory was down for the twenty-seventh month in a row. Active listings dropped 49.1% compared to last year.
As of January 5th, there were only 59 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 seventeenth month in a row. It was 104.3%.
One hundred and forty-four homes went into escrow last month, a drop of 11.7% compared to last year.
Days of Inventory fell from nineteen to forteen. The average since 2003 is one hundred and thirty-nine.
Days on market rose from twenty-two to twenty-seven. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos rose 7.8% year-over-year. The average sales price fell 1.7%.
Condo sales were down 29.4% year-over-year. Thirty-six condos were sold last month.
Inventory was down 79.5%.
As of January 5th, there were eight condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory fell from fifteen to seven.
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.