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Aptos Homes for Sale - Market Report - Where is the inventory?

APTOS HOMES FOR SALE - MARKET REPORT - Where is the inventory?

If you follow real estate market trends, you have probably been hearing this year that "inventory is low" and it certainly has been in most parts of Santa Cruz county compared to years past.  There are many serious buyers in the marketplace looking to take advantage of low interest rates and lower home prices.  This has been true for Aptos homes for sale as well.  Let's take a current Aptos Real Estate market report and trends:

 

GRAPH OF INVENTORY LEVELS OF APTOS HOMES FOR SALE 2009-2012 

aptos homes for sale inventory

Overall, the inventory of Aptos homes for sale has been lower this year than in the previous few years.  There was an uptick in the summer months of the # of homes for sale in Aptos but now in September it is down again to about 34 active Aptos listings.  

Aptos-CA homes for sale are selling quickly and sometimes over asking price with multiple offers.  This is not happening on every home for sale in Aptos but the well priced homes are going quickly.  This is true even if they do need a lot of work as some Aptos foreclosures and short sales tend to need.   The average days on market in August was only 40 days.

Prices of homes for sale in Aptos have started to tick up but not drastically.  It looks like the Aptos real estate market is starting to stabilize after the past few years of turmoil.  Currently, there are 34 homes for sale in the Aptos (MLS) area.  Of these 34 Aptos homes for sale, 9 are either a short sale or an REO (foreclosure), which means 26% of the Aptos homes for sale are currently distressed home sales.  This number has been higher over the past few years but we still have distressed sales that are affecting Aptos home prices.  The majority by far are for Aptos homes for sale priced under $500,000 but we do sometimes see foreclosures and short sales for luxury homes over 1 million dollars.

For more details about Aptos real estate market trends or to see what your Aptos home is worth, contact me at 831.419.9345 or email.

Visit here to see a current list of Aptos homes for sale.

 

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Authored by Jessica Wallace, Santa Cruz Realtor

 
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Jessica Wallace
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831 419 9345
Licensed In: Ca
License #: 01455690
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Comment balloon 2 commentsJessica Wallace • September 24 2012 06:05PM

Comments

Jessica,Congratulations on this beautiful listing here.I'm sure this will be a quick selling.Stay 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

This is one of the best subject I have read. Great job in explaining this thoroughly! Keep it up being the best Santa Cruz Short Sale Agent. More success on your career!

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

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