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Westside Santa Cruz Homes for sale - Year in Review

WESTSIDE SANTA CRUZ HOMES FOR SALE - YEAR IN REVIEW 2012

For those Realtors that specialize in selling homes on the Westside of Santa Cruz, 2012 was quite a crazy year!  We had about 20% more Westside Santa Cruz homes sell in 2012 vs 2011.  Buyer demand has been up and homes on the Westside of Santa Cruz are selling quickly! You can see in the graph below that many more Westside Santa Cruz homes sold in 2012 than previous years.

GRAPH OF NUMBER OF HOMES SOLD ON THE WESTSIDE OF SANTA CRUZ 2010-2012

 

westside santa cruz home sales

 

Low Inventory was the name of the game in 2012 for homes for sale on Westside of Santa Cruz, with the number of homes for sale almost half of what it was in the previous year.  With less homes on the market, low interest rates and pent up buyer demand, we had quite a busy year!  Multiple offers were common and overbids were happening left and right. 

Months supply of inventory (the number of months it would take to sell all the homes currently listed on the market) was down to 1.5 months in December 2012 on the Westside of Santa Cruz.  That is insane!  The traditional wisdom is that if the months supply of inventory is over 8 months then it is a buyer's market.  If the month's supply of inventory is less than 6 months then it is a seller's market.  With a months supply of inventory 4 months or less for the better part of the year, folks we are currently in a Seller's Market on the Westside of Santa Cruz.

Homes for sale on the Westside of Santa Cruz are highly desirable to a number of buyers for reasons of beautiful location, strong rental market due to UCSC students, easier commute (avoid fishhook), proximity to nightlife, beaches, restaurants and shopping.   Investors and residents alike love real estate on the Westside of Santa Cruz which is why we have such high demand.

Looking to find the value of your Santa Cruz home?  Visit here for a Free, Online home valuation.

Visit here to search for Westside Santa Cruz homes for sale and feel free to contact me with questions about the Westside Santa Cruz real estate market, community information, financing,  . . . I am happy to help!

 

westside santa cruz homes for sale

 

 

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Authored by Jessica Wallace, Santa Cruz Realtor

 
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Jessica Wallace
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Comment balloon 7 commentsJessica Wallace • January 08 2013 12:09PM

Comments

Very good report on the market and trends in Santa Cruz.  It's amazing that market got down to 1.5 months supply.  It's definitely a strong sellers market.

Posted by Bryan Robertson, Broker, Author, Speaker (Intero Real Estate) over 5 years ago

Hi Jessica, awesome market report for Westside Santa Cruz for 2012. I'm sure 2013 will even be a better year. Keep it up and stay the best Santa Cruz Short Sale Agent.

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 5 years ago

Hi Jessica, great work on Westside Santa Cruz' market update. It sure sounds like a very hot seller's market. Best of luck this 2013 as best Santa Cruz Short Sale Agent.

Posted by Erika Rogers, St George Utah Real Estate & local info. (Red Rock Real Estate) over 5 years ago

Hello Jessica, sounds like sellers had the best of 2012 in Westside Santa Cruz. Great market update. Best of luck this year as top Santa Cruz Short Sale Agent.

Posted by Petra Norris, Realtor, Lakeland FL Homes for Sale (CDV TransAtlantic, Inc.) over 5 years ago

Sounds like Westside Santa Cruz had a beaming 2012 Jessica. Buyers here should really act fast or lose the property they want. Great market update as a top notch Santa Cruz Short Sale Agent Jessica, keep it up!

Posted by Bas Panch (SCV Home Buyer) over 5 years ago

Hello Jessica, great market update for  Westside Santa Cruz homes. Great presentation as a top notch Santa Cruz Short Sale Agent. I'm sure 2013 will be a great year for everyone. Stay the best!

Posted by Debbie Harr, Realtor Homes That Click, Worthington Ohio Homes (Homes that Click Realtors) over 5 years ago

Hello Jessica, thanks for sharing Westside Santa Cruz' market update for 2012. Very well done. This is very informative and straightforward. Love the looks of that graph, made everything easier to understand. You really are the finest Santa Cruz Short Sale Agent.

Posted by Debra Parker, Realtor - Stuart Florida Homes for Sale (Debra Parker Real Estate, Inc.) over 5 years ago

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