April 2023 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,417,940
+8.4%
Pending Properties176
+16.6%
Sale/List Price Ratio100.6%
-0.8%
Days of Inventory74
+40.6%
Trends at a Glance
| Trends At a Glance | Median Price | Average Price | No. of Sales | Pending | Active |
Sale vs. List Price | Days on Market | Days of Inventory |
|---|
| Apr 2023 | $1,349,500 (+12.5%) | $1,417,940 (+8.4%) | 74 (-18.7%) | 176 (+16.6%) | 188 (+18.2%) | 100.6% (-0.8%) | 40 (-16.5%) | 74 (+40.6%) |
| Previous Month | $1,200,000 | $1,307,970 | 91 | 151 | 159 | 101.4% | 47 | 52 |
| Year-over-Year | $1,400,000 (-3.6%) | $1,563,190 (-9.3%) | 169 (-56.2%) | 193 (-8.8%) | 172 (+9.3%) | 110.3% (-8.8%) | 15 (+161.1%) | 30 (+149.6%) |
Market Commentary
Sales of single-family, re-sale homes were down for the twentieth month in a row, year-over-year. They fell 56.2% compared to last April. There were 74 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 down 3.6% year-over-year last month. It rose 12.5% in April from March.
The average sales price fell 9.3%, year-over-year.
After being down twenty-eight months in a row, inventory was up for the fourteenth month in a row. It gained 9.3% compared to last April.
As of May 5th, there were 188 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The sales price to list price ratio went from 101.4% to 100.6%.
One hundred and seventy-six homes went into escrow last month, a drop of 8.8% compared to last year.
Days of Inventory rose from fifty-two to seventy-four. The average since 2003 is one hundred and thirty-nine.
Days on market fell from forty-seven to forty. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos rose 5.5% year-over-year. The average sales price fell 6.4%.
Condo sales were down 61% year-over-year. Sixteen condos were sold last month.
Inventory was down 10.3%.
As of May 5th, there were twenty-six condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory rose from forty-one to forty-seven.
It took twenty 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.