April 2022 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,572,630
-3.3%
Pending Properties202
-1.9%
Sale/List Price Ratio110.4%
+0.8%
Days of Inventory27
-11.4%
Trends at a Glance
| Trends At a Glance |
Apr 2022 |
Previous Month |
Year-over-Year |
| Median Price |
$1,410,000 (-11.9%) |
$1,600,000 |
$1,255,000 (+12.4%) |
| Average Price |
$1,572,630 (-3.3%) |
$1,625,580 |
$1,373,270 (+14.5%) |
| No. of Sales |
167 (+26.5%) |
132 |
203 (-17.7%) |
| Pending |
202 (-1.9%) |
206 |
218 (-7.3%) |
| Active |
153 (+15.9%) |
132 |
167 (-8.4%) |
| Sale vs. List Price |
110.4% (+0.8%) |
109.6% |
107.7% (+2.6%) |
| Days on Market |
15 (-23.6%) |
20 |
18 (-16.4%) |
| Days of Inventory |
27 (-11.4%) |
30 |
24 (+11.4%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 11.5% year-over-year last month. That is the twenty-third month in a row the median sales price has been higher than the year before.
The average sales price rose 14.1%, year-over-year.
Sales of single-family, re-sale homes were down for the eighth month in a row, year-over-year. They fell 17.3% compared to last April. There were 167 homes sold in Santa Cruz County last month. The average since 2000 is 157.
After being down twenty-eight months in a row, inventory was up for the second month in a row. It gained 10.9% compared to last April.
As of May 5th, there were 153 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-first month in a row. It went from 109.6% to 110.4%.
Two hundred and two homes went into escrow last month, a drop of 12.2% compared to last year.
Days of Inventory fell from thirty to twenty-seven. The average since 2003 is one hundred and thirty-nine.
Days on market fell from twenty to fifteen. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos rose 31% year-over-year to set a new record high. The average sales price rose 37%. It also was a new record high.
Condo sales were down 24.5% year-over-year. Forty condos were sold last month.
Inventory was down 28.1%.
As of May 5th, there were twenty-three condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory fell from eighteen to seventeen.
It took thirteen 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.