SANTA CRUZ COUNTY HOME SALES - REAL ESTATE MARKET UPDATE FOR 2010
The average home sale price in Santa Cruz County for a single family home in April 2010 was $579,000. The average home sale price in Santa Cruz County is down from the March 2010 price of $634,000 and number of home sales was down just slightly from 122 to 111 closed sales in Santa Cruz County
APRIL 2010 SANTA CRUZ COUNTY HOME SALES STATISTICS
Current Inventory: 958
Santa Cruz County Closed Sales April: 111
Average Home Price Santa Cruz County: $579,087
Average Days on Market: 74
Over the past year the inventory (number of homes for sale in Santa Cruz County) has dropped by 24%.
GRAPH OF # OF HOMES FOR SALE IN SANTA CRUZ COUNTY APRIL 2009-APRIL 2010
The Santa Cruz County Median Home Price compared year to year has increased about 36% from April 2009 to April 2010. In April 2010 the Santa Cruz County median home price was $560,000, in April 2009 it was $412,000.
GRAPH OF MEDIAN HOME PRICE APRIL 2009-APRIL 2010 SANTA CRUZ COUNTY
The real estate market in Santa Cruz County and nationwide remains in flux but these statistics are indicating a stronger home sales market for Santa Cruz County. I personally have seen a lot of buyer activity and multiple offers on properties, especially bank owned or foreclosure homes. There are some wonderful opportunities in Santa Cruz to buy a home at a lower price right now as well as lock in a low interest rate. For those thinking about buying a home in Santa Cruz County I suggest speaking to a lender about what you are qualified to buy, you may be surprised about what type of home you can now afford to own in Santa Cruz County.
I recently helped a young couple with 4 children buy a home in Santa Cruz County. They are both teachers in Santa Cruz County and were pre-qualified to buy a home with an FHA loan - 3.5% downpayment. We searched for a home for them for about 3 months are wrote many offers. They were out bid sometimes or an all cash offer would come in and we would not win the home. With persistence and patience we finally got into an escrow on a lovely 3 bedroom home on 1/2 acre. Amazingly their mortgage is less than what they were paying in rent for a much smaller townhome they had been living in previously. Read more about their story in my post : Helping First Time Buyers and FHA loan Buyers Purchase a Home in Santa Cruz County
I'm Jessica Wallace - Your Santa Cruz Realtor - You can reach me anytime at (831) 419-9345 or via email at cjess4homes@yahoo.com
I look foward to hearing from you!
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