Santa Cruz County Home & Community Information

head_left_image

Home Prices in Watsonville, CA - Real Estate Market Report

HOME PRICES IN WATSONVILLE, CA - REAL ESTATE MARKET REPORT

Watsonville is city located on the southern end of Santa Cruz County between Aptos and Moss Landing.  Watsonville produces much of Santa Cruz County's and California's agriculture and it has long been known as an AG town with some of the main crops being strawberries, peppers, artichokes, apples.  Watsonville has grown a lot over the past few decades with new housing developments sprouting up and big box stores coming to town.   Home prices in Watsonville have taken the biggest hit in all of Santa Cruz County in the past few years.

Home Prices in Watsonville and its immediate surroundings have dropped dramatically from the height of the market in 2005 when the average home price was $709,000.  Last year in 2009 the average home price in Watsonville and it's outskirts was $291,000!    You can see the trajectory of home prices in Watsonville in the past 2 years in the graph below.

Graph of Median Home Prices in Watsonville & Outskirts 2008-2009

graph of median home prices in Watsonville

When the real estate market started to go down home prices in Watsonville were severely affected.  Inventory grew and # of sales shrunk.  As a result home prices plummeted in Watsonville leading to many foreclosures and short sales.  This past year in 2009 the # of sales has started to increase.  In 2009, 432 homes were sold in Watsonville compared to 2008 when 331 homes were sold.

Monthly supply of inventory is the amount of months it would take to sell all the homes currently on the market at the current rate of sale.  It is a good indicator of where a real estate market is at and where home prices might be headed.  Between 4-6 months indicates a 'normal market', less than 4 months supply indicates a seller's market and over 8 months you are looking at a buyer's market.  The months supply of inventory in Watsonville has really dropped in the past 2 years.  In December 2007 there was a 35 month supply of homes on the market!  At the end of 2009 there was only a 1-2 month supply!

Graph of Month Supply of Inventory Watsonville, CA 2008-2009

graph of month supply of inventory Watsonville

 

The dramatic drop in home prices in Watsonville has enticed investors and home buyers back into the market here.  Most of the homes being sold are foreclosures and short sales now and most are receiving multiple offers.  I believe we will start to see a slow upswing in home prices here over the next year 2010.  For more detailed information about an area or price range in Watsonville or Santa Cruz County/Monterey County please feel free to contact me.

Start here to Search for your Watsonville Home

 

Google

Authored by Jessica Wallace, Santa Cruz Realtor

 
Search Santa Cruz Homes For Sale
 
What is your home worth?
Search All Homes For Sale
See Recently Sold Santa Cruz Homes
 
 
MY REVIEWS
 
 
 
Jessica Wallace
Realtor
Coldwell Banker
831 419 9345
Licensed In: Ca
License #: 01455690
Contact Me

You Can Also Visit Us At:      
 

Comment balloon 1 commentJessica Wallace • February 01 2010 03:43PM
Home Prices in Watsonville, CA - Real Estate Market Report
share
HOME PRICES IN WATSONVILLE, CA - REAL ESTATE MARKET REPORT Watsonville is city located on the southern end of Santa Cruz County between Aptos and Moss Landing. Watsonville produces much of Santa Cruz County's and California's agriculture and… more
Apple Lane Inn - 1st Bed and Breakfast in Aptos, CA
share
APPLE LANE INN - 1ST BED AND BREAKFAST IN APTOS, CA The Apple Lane Inn a former Bed and Breakfast in Aptos, Ca is a beautiful piece of history and reminds us of the not so distant past of our town, Aptos. Located near Cabrillo College on… more
Home Prices in Felton, CA - Real Estate Market Snapshot
share
HOME PRICES IN FELTON, CA - REAL ESTATE MARKET REPORT Felton, CA is an area in Santa Cruz County in the mountains off Highway 9. Felton has a small downtown area that has a great grocery store, New Leaf Market, a fun music & dining venue… more
55+ Adult Communities in Santa Cruz County, CA
share
55+ ADULT COMMUNITIES IN SANTA CRUZ COUNTY, CA For seniors and people over 55+ in Santa Cruz County there are a many adult communities 55+ for you. In Santa Cruz City there is a lovely historic building that houses a co-op condo residence… more
Golf Fanatic? Santa Cruz offers Golf Gourse Homes and Living for you!
share
GOLF FANATIC? SANTA CRUZ OFFERS GOLF COURSE HOMES AND LIVING FOR YOU! If you love to golf and be outdoors, Santa Cruz County offers some lovely options for you. There are world class golf courses in Santa Cruz County and nearby, one of the… more
Home Prices in Aptos, CA - Real Estate Market Report
share
HOME PRICES IN APTOS, CA - REAL ESTATE MARKET REPORT Aptos, CA is located in Santa Cruz County between Capitola and La Selva Beach & Watsonville. This 95003 area code consists of Aptos and the smaller communities within it: Rio del Mar,… more
Westside Santa Cruz 2 Bedroom Home for Sale in Fantastic Neighborhood!
share
WESTSIDE SANTA CRUZ 2 BEDROOM HOME FOR SALE IN FANTASTIC NEIGHBORHOOD! *This home SOLD in July 2010 * For information about other Santa Cruz Homes for sale or to see what your home is worth call Jessica at (831) 419-9345 or email cjess4homes… more
How FHA Loan Changes Will Affect Low Down Payment Buyers in Santa Cruz
share
HOW FHA LOAN CHANGES WILL AFFECT LOW DOWN PAYMENT BUYERS IN SANTA CRUZ FHA loans have become very popular loans for home buyers with low down payments With an FHA loan you can buy a home with as little as 3. 5% down payment I have helped… more
Santa Cruz General Contractor - Improve Your Home Construction (831)…
share
SANTA CRUZ GENERAL CONTRACTOR - IMPROVE YOUR HOME CONSTRUCTION Improve Your Home Without the Headaches! CALL for a FREE ESTIMATE: Jeff Peters - Santa Cruz General Contractor at (831) 588-7467 … more
Home Prices in Live Oak, CA - A Neighborhood in Santa Cruz County
share
HOME PRICES IN LIVE OAK, CA - A Neighborhood in Santa Cruz County Live Oak is a part of Santa Cruz County, CA that lies between the Seabright/Yacht Harbor area and Capitola, CA. According to the 2000 census there were almost 17, 000 people… more