Sea Horse Drive homes, La Selva Beach, Santa Cruz County, California (2016)

Sea Horse Drive homes, La Selva Beach, Santa Cruz County, California (2016)

Last 25 Months in Real Estate

We remain in a seller’s market in Santa Cruz County, with 2.1* months of inventory as of January 9th for single-family homes. The median sale price rose in December to $926k, which is 15% higher than the median sale price from December 2016. New listings were down, with only 58 single-family homes listed for sale in December. Closings also dropped, with 114 single-family homes sold. The average sale-to-list price ratio dropped to 97.2%, while average days on market rose to 52.

*Months of inventory tells us how many months it would take for all the current homes for sale on the market to sell. Less than 5 months of inventory generally indicates a seller’s market.

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Last Week in Real Estate

Home sales were up last week after a slump over the New Year’s holiday. Twenty single-family homes sold between January 7th and 13th. The median list price dropped to $787k for single-family homes sold last week, with the median price per square foot at $500. The average home sold last week spent 71 days on the market. There are currently 232 single-family homes for sale in Santa Cruz County, down from 245 this time last week.

Market Trends Since 2000

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Looking for more detailed or specific housing market information? Take a look at our community pages for market trends in specific Santa Cruz County neighborhoods. We are also happy to put together a targeted market analysis for your property or area of interest. Contact us to learn more.

 


Market data represents Single-Family Homes, Townhouses, & Condominiums in Santa Cruz County only. Market data is sourced from the MLSListings Inc. MLS system and is not guaranteed to be accurate. We have not and cannot verify the accuracy of information provided on this website. Read our full disclaimer here.

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