HOME PRICES IN CAPITOLA, CALIFORNIA - REAL ESTATE MARKET REPORT
In this article I will take a look at home prices in Capitola, CA over the past year of 2009. This is a follow up to a recent blog I wrote about Santa Cruz County Home Prices that took a look at home prices in Santa Cruz County as a whole.
Capitola, CA is a small city in Santa Cruz County of about 2 square miles and a population of 10,500, which probably triples in the summer months with all the visitors. Capitola is a picturesque beach town with a European feel and look. There are some great events in the fall like the Capitola Art & Wine Festival and the Begonia Festival. Homes in Capitola range from small beach homes built early last century as summer cabins to large, modern ocean view homes. Home prices in Capitola can also vary widely as there are multi-million dollar homes and property that sells for a more modest price. Let's take a look at the median home prices over the past year of 2009.
Graph of Median Home Prices - Capitola, CA 2009
There are a relatively few single family homes sold each month in Capitola (about 3-5) so as you can see in January 2009 the median home price was much higher because of an higher than average sale. In 2009 the median home price for the entire year was $628,000. That is higher than Santa Cruz County as whole which in Dec 09 hit a median home price of $550,000. There were 56 closed sales in Capitola in 2009 which is up from 2008 when there were 47 closed sales.
Graph of # of Homes Sold in Capitola, CA 2009
Home prices in Capitola are down from 2008 but seem to have held pretty steady in 2009. The months supply of inventory in December 2009 was only 3.3 percent which indicates that homes are selling faster and there is less inventory. With these conditions historically home prices have tended to rise.
Certain neighborhood and prices ranges in Capitola have different characteristics, if you have one that you would like more detailed information about please contact me or call 831-419-9345.
To read about less expensive Capitola Real Estate visit here: Capitola Condos
Written by Jessica Wallace, Santa Cruz Realtor
Your Santa Cruz Realtor - Jessica Wallace (831) 419-9345
I'm Jessica Wallace - Your Santa Cruz Realtor - You can reach me anytime at (831) 419-9345 or via email at cjess4homes@yahoo.com
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