Santa Cruz Real Estate prices show market trend change in June 2009
Posted Aug 9, 2009 @ 6:17 pm, Viewed by 322 Visitors, Read 347 Times.The Santa Cruz real estate market has been getting healthier with the trend being towards more sales in the Santa Cruz real estate market.While Ca.Coastal homes have been lagging, with the summer and low prices, many who have been locked out in the past are planning for the future with purchases now. Santa Cruz ocean view buyers have been scarce in the higher ends, but I think they will come back with competitive prices and great selection.We have been seeing alot of health in the Santa Cruz home market, which has supplanted the activity level in the Watsonville real estate market. That is a good sign, though may be due to a lack of inventory to purchase in the Watsonville area. That area has been red hot for Santa Cruz county home buyers and investors.Currently the inventory is scarce for buyers under $600,000 with a large part of the inventory under contract.
Santa Cruz Home sales and median sale prices for June 2009, including Rio Del Mar and other beach communities.
| TABLE OF SOLD PROPERTIES BY CITY IN SANTA CRUZ COUNTY | ||||
| County / City /Area | # Sold | June 2009 | June 2008 | % Change Yr.to Yr. |
| SANTA CRUZ COUNTY | 189 | $425,000 | $537,500 | -20.93% |
| APTOS | 32 | $615,000 | $689,000 | -10.74% |
| BEN LOMOND | 2 | $376,750 | $335,750 | 12.21% |
| BOULDER CREEK | 10 | $322,500 | $470,000 | -31.38% |
| CAPITOLA | 11 | $431,000 | $587,500 | -26.64% |
| FELTON | 5 | $360,000 | $445,000 | -19.10% |
| FREEDOM | 9 | $214,000 | $350,000 | -38.86% |
| SANTA CRUZ | 60 | $565,000 | $648,750 | -12.91% |
| SCOTTS VALLEY | 3 | $370,000 | $650,000 | -43.08% |
| SOQUEL | 4 | $642,500 | $705,000 | -8.87% |
| WATSONVILLE | 52 | $250,000 | $360,000 |
-30.56% |
While the year to year prices have come down,the buyers that had been sitting on the side lines are active and the inventory level has been going down. We are finding it common to see multiple offers now, and a number of cash buyers are entering the market. There are still good values, but many things are under contract now. Don't wait, as interest rates are sure to rise.Many who have been fearful in the housing and real estate market have missed the boat, particularly the stock market which has risen 30+% since the year lows in March.I believe the Santa Cruz real estate market bottomed in December for most of the market, except the high end. While there are some new homes coming on the market from the banks and short sales, the flow is not a flood. You can search for Santa Cruz bank owned homes on the site below. Search for homes here at www.cacoastalhome.com or at www.propertyinsantacruz.com
The Santa Cruz California Beaches are on of the things that attract people here. The area has a vibrant array of communities, 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 Santa Cruz Beach areas and other coastal beach towns like Rio Del Mar,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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Market now is quite eratic. Good thing for Santa Cruz Real Estate that their market trend is now healthier than before.