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 living there at that time. Live Oak is not its own city like Capitola or Scotts Valley but it is an area in Santa Cruz that has its own characteristics and attributes. There are some lovely beaches in Live Oak, like Sunny Cove at the end of 17th Ave.
Within Live Oak there are suburban type neighborhoods with more moderate home prices for the Santa Cruz area. There are also ocean front beach homes that sell for millions of dollars. In 2009 the highest home price in Live Oak was a beach front home that sold for $5,125,000. The lowest home sale in 2009 in Live Oak was major fixer for $150,000.
Let's take a look at home prices in Live Oak over the past 2 years 2008 & 2009.
Graph of Median Home Prices in Live Oak 2008-2009
As the graph above illustrates home prices in Live Oak have fluctuated throughout the past 2 years showing a slight trend downward. The median Live Oak home price in 2009 was $595,000 which is down from 2008 when the median home price was $650,000. With the drop in home prices the number of sales started to grow in 2009:
Graph of # of Sales in Live Oak in 2008-2009
The total # of single family homes sold in Live Oak in 2009 was 145 which is way up from 2008 when only 100 homes were sold in Live Oak. As home prices decreased more First Time Home Buyers have been able to afford homes in Live Oak and there has been interest from investors as well. Currently there is not a lot of inventory and demand has risen with the first time buyer tax credit and great interest rates.
For those interested in buying a home in the Live Oak area visit here to Search for Your Live Oak/Santa Cruz Home and you will receive accurate and up to date information about homes including foreclosures.
For a more detailed look at a specific neighborhood or price range in Live Oak or Santa Cruz please Contact Me. I also wrote a recent blog about Santa Cruz County Home Prices as a whole and as well as Capitola Home Prices and Soquel Home Prices.
* All stats and graphs from Claurs Market Metrics and MLSListings.com
Authored 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
I look foward to hearing from you!
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One of the first places I lived in Santa Cruz was a little beach shack in Live Oak, wasn't much to look at but we really loved that place, thanks for the memories Jess, again...