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Capitola Home Values - Market Report

CAPITOLA HOME VALUES - MARKET REPORT

What is going on with Capitola home values this year?  Across Santa Cruz county the real estate market is changing.  Multiple offers are common on all well-priced homes, even fixers.  Buyers are out in force because they want to take advantage of historic low interest rates and the dip in real estate prices.

Capitola home values are starting to trend upwards.  The Capitola median home sale price since the beginning of 2012 has gone up each month.  In March, the Capitola median home sale price was $677,500, with an average price per square foot of $460.

The number of Capitola homes for sale was way up in March when there were 10 homes that closed escrow.  That is a huge number for Capitola, as it is such a small community.

Graph of # of Homes sold in Capitola 2009-2012 

capitola home sales

 

More Capitola homes are selling, and more quickly.  The average days on market was 45 in March 2012.  That is a pretty quick turn time and indicates that we are entering a better market for sellers.  Another indication that we are in a better market for sellers is that inventory (number of homes for sale) is also down.  We have 25% less Capitola homes for sale on the market now then we did last time this year.

 

Graph of Number of Homes for Sale in Capitola - 2009-2012 

capitola homes for sale

 

You can see from the graph about the seasonality of the number of Capitola homes for sale.  You can also see that this year, 2012, there are less home on the market than previous years.

Things are looking up for Capitola home values and sellers.  If you would like an detailed estimate of your home's value, visit here:  Free Home Valuation or call me at (831) 419-9345.

 

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Authored by Jessica Wallace, Santa Cruz Realtor

 
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Jessica Wallace
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Comment balloon 9 commentsJessica Wallace • April 19 2012 11:08AM

Comments

Jessica, thanks for sharing this great report. Seems like it's a good time for sellers, they should definitely contact you if they want to work with the best Santa Cruz short sale agent.

Posted by Stephanie Anson (Anson Properties LLC) about 6 years ago

Hi Jessica,

Thanks for sharing this information. Based on this report I'd say it would be a good idea for sellers to take advantage of this market and contact you so they can benefit from your expertise as a Santa Cruz short sale agent. Keep it up!

Posted by Bas Panch (SCV Home Buyer) about 6 years ago

Jessica - It appears that Capitola is experiencing a similar phenomena as the Northern Virginia suburbs of DC... falling inventory and increased buyer activity, which is leading to multiple offers.  Best wishes for helping your clients in this increasingly hot market.

Posted by AJ Heidmann ~ CRS, YOUR Alexandria & Arlington, VA Real Estate Expert (McEnearney Associates, Inc.) about 6 years ago

This is a good news Jessica.I will definitely recommend you as the best Santa Cruz Short Sale Agent here.

Posted by Sidney Kutchuk, Property Management & Sales Experts 951-217-6745 (Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745) about 6 years ago

Wow Jessica!I am so impress with the presentation.Great job,your excellence as Santa Cruz Short Sale Agent really shows on your work.I know more success will come. 

 

Posted by Petra Norris, Realtor, Lakeland FL Homes for Sale (Lakeland Real Estate Group, Inc.) about 6 years ago

Hello Jessica,Another excellent work here.You're definitely a top notch Santa Cruz Short Sale Agent.It just shows on your work how great you're are.Best of luck and I know more more success to come. 

Posted by Jayne Clement, Los Angeles Short Sale Agents (Keller Williams Realty) about 6 years ago

Hello Jessica,first of all let me compliment your graph,really well presented and next this is a very positive news.Thank you for sharing it to us.Keep being the number one Santa Cruz Short Sale Agent.

 

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) about 6 years ago

Excellent job to you Jessica.Definitely good job on this.It just shows professionalism as Santa Cruz Short Sale Agent.Good luck and more success to come!

 

Posted by Kim & Kristine Halverson, Realtors (www.LiveWorkSiliconBeach.com, Santa Monica Real Estate :) ) about 6 years ago

It is a good time for sellers in Capitola, Capitola home values are starting to rise and there is much less inventory to compete with this year

Posted by Jessica Wallace, Santa Cruz Realtor (831) 419-9345 (Coldwell Banker - Santa Cruz) about 6 years ago

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