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 3.0* months of inventory as of October 8th for single-family homes. The median sale price fell slightly in September to $910,500, which is 18.2% higher than the median sale price from September 2016. New listings were down, with 208 single-family homes listed for sale in September. Closings also dropped, with 134 single-family homes sold. The average sale-to-list price ratio dropped to 99.5%, while average days on market jumped to 50.

*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

After three weeks of decline, home sales jumped last week in Santa Cruz County, with 45 single-family homes sold between October 15th and 21st. The median list price remained steady at $899,000 for single-family homes sold last week, with the median price per square foot at $560. The average home sold last week spent 48 days on the market. There are currently 423 single-family homes for sale in Santa Cruz County, down from 431 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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