Santa Cruz County housing statistics for June 2008- Santa Cruz is not bad.....there are opportunities.
Posted Jul 28, 2008 @ 11:34 am, Viewed by 301 Visitors, Read 329 Times.Santa Cruz real estate market has opportunitie and pockets of strength
The Santa Cruz real estate market has pockets of strong life.It is what you are looking for and where that determines the strength. There are many first time buyers looking, which great. These sales median prices are from June 2008 versus a year ago and show trends, some surprising. Look at the month before Santa Cruz real estate statistics .
Santa Cruz vacation and retirement buyers are looking as well and seem to be more interested in the ocean fronting properties. We have more Santa Cruz beach houses available and those nearby in other areas, which gives more choice than normal. This is a great time to show for that retirement home at a discount.
First time buyers have a great opportunity though financing as should be a bit more costly if you wait. You can get 3% down FHA loans,while they have some strength for some buyers, better qualified ones will likely find them costly.You will need 10% down payments for almost any loan right now, higher down payments for vacation and non-owner occupied loans. So the good news is that their are some great opportunites, if you know where to look.It is important to get a plan and meet with an agent and start. The journey of 1000 miles starts with a single step. Decide to take the journey to home ownership. In 5 years I am sure you will look back and see the opportunity that you took advantage of.
The best deals are still in the Watsonville market for homeowners, and investors are snapping up deals.There are some great deals in other locations a well.Seriously consider making a purchase. As an investor you will need 20-30% down-payments, depending on the situation. We are still seeing multiple offers on selected location/properties and it is common in the investor market as they are the smart money. Why don't you join them?
Call Gregg Camp @ 831-818-7524 to get started or visit his site at www.propertyinsantacruz.com. You can search for foreclosed homes and properties here as well.
| County/City Area | #sold | June 2008 | June 2007 | % ChgYr-Yr |
| Santa Cruz county | 216 | $550,000 | $705,000 | -21.99 |
| Aptos | 23 | $695,000 | $800,000 | -13.13 |
| Ben Lomond | 5 | $368,500 | $500,000 | -26.30 |
| Boulder Creek | 11 | $525,000 | $485,000 | 8.25 |
| Capitola | 16 | $587,500 | $709,500 | -17.20 |
| Felton | 7 | $445,000 | $495,000 | -10.10 |
| Freedom | 2 | $282,000 | $555,000 | -49.19 |
| Santa Cruz | 66 | $644,000 | 739,000 | -12.86 |
| Scotts Valley | 18 | $636,500 | 800,000 | -20.44 |
| Soquel | 4 | $715,000 | $765,000 | -6.54 |
| Watsonville | 59 | $367,500 | $ 566,250 | -35.10 |
As an experienced agent of 20 years, let me help guide you in finding the right property. Santa Cruz is a pretty place and whether you are buying a first home, vacation home or place for your UCSC studen to live while going to college, I can help you find all of them.
The Santa Cruz California area is a vibrant community, located on the north end of Monterey Bay, and is home to artisans, beach goers, hi tech types, and college students.There is plenty of natural beauty from the ocean side coastal beach towns to the little mountain communities. Let my 30 years or local knowledge and 20 years of real estate help you find the right home or property in Santa Cruz..As a Santa Cruz Seniors Real Estate Specialist,( SRES) let me help find a place for your parents or you that meets your needs now and in the future.
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