|
|
|
Keeping you up to date with Santa Cruz Real Estate
| |
|
Weekly Market Update
- The hottest zip code in the county in terms of the Market Action Index (ratio of inventory/homes selling) is Ben Lomond with an index of 57 and a median list price of $1,049,000.
- This doesn't mean that Ben Lomond is the most desirable, it could mean that sellers in Ben Lomond are more closely aligned with accurate market prices and therefore their homes are selling more quickly than other areas in the county.
- 23 properties sold in the county this week with an average sale price of $1,092,642.
- There are 452 active for sale properties on the market here in Santa Cruz County (This number is up from 446 last week).
- As the year progresses we should watch inventory growth. Does it continue to grow through the rest of the year or does it taper off?
- If interest rates drop and inventory growth decreases through the rest of the year, the market will see a lift in prices and sales volume.
- If rates do not move lower, expect to see transaction volume decrease further, price cuts will continue to increase, and inventory will continue to grow.
| |
|
Tour the Most Interesting Condo in Santa Cruz County
This condo in Pajaro Dunes is one of the most unique properties in in Santa Cruz County. It was renovated top to bottom with no expense spared. Each room in the house is very unique and all tied together with the theme of nautical days past. There is an undersea kelp room, a ships galley kitchen, a bedroom that looks like a wharf loading dock, and even a Japanese soaking tub with a jewel encrusted chandelier that looks like it could be straight out of a Titanic's luxury suite.
| |
Sotheby's 2nd Quarter Market Report | |
Here is the market update for Q2 in Santa Cruz County. Compared to this time last year the median home price is up 2%, the average days on market is up 189%, and the transaction volume is down 2%. Despite considerable downward pressure from higher rates, sellers remain relatively reluctant to drop their prices. This has resulted in considerably longer days on market, and lower transaction volume. This is the result of sellers having record amounts of equity and lower rates locked in. | |
The Housing Market Explained in Six Charts | |
|
Local Market Data
ALTOS Research Market Report
ALTOS RESEARCH MARKET REPORT IS AN INTERACTIVE, REAL-TIME REPORT. IT DISPLAYS THE CURRENT ACTIVITY FOR ANY MARKET YOU WISH.
| Click the buttons for each area below to learn more | | |
|
What Happens to the Housing Market When Rates Finally Drop?
- Mortgage rates took a notable dip below 7% for the first time in months.
- Last week was the first time this year that the price of new listings came out negative year over year.
- As the year progresses we should watch inventory growth. Does it continue to grow through the rest of the year or does it taper off?
- If interest rates drop and inventory growth decreases through the rest of the year, the market will see a lift in prices and sales volume.
- The percentage of price decreases increased to 38% this week and that percentage has begun to plateau.
| |
|
4930 Cliff Drive, Capitola
This luxurious oceanfront property in the heart of Capitola is the most affordable oceanfront single family home in Santa Cruz County! This one-of-a kind home is one of only four single family homes located oceanside above the wharf and at the perfect angle to give you panoramic views of the entire Monterey Bay. On clear days you can even see all the way to the point at Big Sur. Spectacular views and easy access to the best parts of Capitola are just a few features that make this home so amazing. Add to that meticulous maintenance, tasteful renovations, and a layout that really maximizes the view and you have a home that is truly a masterpiece.
3 Bedrooms, 2 Bathrooms, 1,288sqft
Listed at $3,999,000
| |
1460 Lockhart Gulch Rd, Scotts Valley
This 1 bedroom home is 730 sqft with a 300 sqft additional dwelling unit that includes a full bath and kitchenette. This home is well maintained and updated with hardwood floors, granite countertops, high ceilings, and two fireplaces. Outside is a partial wrap around deck with a hot tub. It also includes a 24 hour backup battery in case of power outages. It's vicinity near Mission Springs in Scotts Valley puts you in a great commuting location to Silicon Valley
1 Bedrooms, 1 Bathrooms, 730sqft w/ 300sqft ADU
Listing at $810,000
| |
Events in Santa Cruz This Weekend | |
West Cliff Summer Sizzle Market
Come enjoy this outdoor market with unique artisans and food trucks while taking in the spectacular view of the ocean. This one of a kind market will be held in Light House Parking Lot West Cliff Drive in Santa Cruz. This is always a popular spot for locals and tourists, as it over looks the famous Steamers Lane surf spot . The market will feature hand crafted gifts and admission is FREE!
They will also be giving away free tokens every hour to random shoppers. The tokens can be used towards any vendor of your choice. So come down and get your free gift! (10am – 6pm
Jul 20 at 10:00AM - 6:00PM
Lighthouse Point
700 West Cliff Drive
Santa Cruz
95060
| | |
|
|
Help other home sellers and buyers find me by leaving a 5 Star review on my Google Business page.
To leave a review, and be entered in the drawing, you can click the button below or scan the QR code to the left.
I am so grateful for your trust, referrals and business.
| | |
|
At Collins Properties we value relationships over transactions. It doesn't matter to me when you buy or sell. My goal is to help you when the time comes.
My Message to You:
This email is created personally by me every single week and hopefully provides value for you. Your info will NEVER be sold or given away for any reason. Thank you for reading this market update. This is created by yours truly and is not some "canned" data you get elsewhere.
| | | |
|
|
|
If you have any questions or would like to schedule a viewing, are in need of renovation guidance, would like to sell your home, or are just in need of a good plumber, feel free to call or email me anytime...seriously
Jesse Collins
831-227-9987
Email Me
| | | | | | |
