Santa Cruz County Home & Community Information

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Number of homes for sale start to rise as we head out of winter

Number of homes for sale starts to rise as we head out of winter

 

The good weather we have been blessed with the past couple weeks has been a welcome change from the non stop rain and storms - even though we needed the rain desperately.  Weather does effect the real estate market too.  While we still have a record low number of homes for sale in Santa Cruz county - we are seeing more homes coming on the market the past 2 weeks.   There are about 25 more homes on the market today versus last week.  

Overall though, the low inventory continues to drive prices up.  As of today, there are 209 single family homes active on the market in all of Santa Cruz county.  Compare that to last year, February 2015 - there were 335 homes for sale in all of Santa Cruz county.  

For a larger perspective let's take a look back at the historic number of homes on the market in Santa Cruz county in February:

February 2011 - 808 single family homes on the market

February 2012 - 684 homes for sale

February 2013 - 419 homes for sale

February 2014 - 396 homes for sale

February 2015 - 335 homes for sale

February 2016 (as of 2/11/16)  209 homes on the market

 

Compare 2016 to 2011 and we are looking at 1/4 the amount homes on the market in Santa Cruz.

 

It is no surprise that homes prices in Santa Cruz have been rising steadily the past several years and will continue to do so until we have significantly more homes on the market.  When a 2 bedroom fixer upper in Santa Cruz receives 7 offers and sells for $75,000 over the asking price you know there is a strong demand for homes in our area.  Coupled with the demand and low inventory,  we are seeing a perfect storm for home sellers.

 

Curious about what your home is worth now?  Visit here for a free online home valuation by a local Realtor who knows the market.  Contact Jessica at 831.419.9345 or yoursantacruzagent@gmail.com 

 

Visit here to see all homes for sale in Santa Cruz county.

 

 

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Authored by Jessica Wallace, Santa Cruz Realtor

 
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Jessica Wallace
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Coldwell Banker
831 419 9345
Licensed In: Ca
License #: 01455690
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Comment balloon 2 commentsJessica Wallace • February 09 2016 01:43PM

Comments

I hope to see more inventory soon...buyers are getting impatient

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 3 years ago

Yes they are and I don't blame them William!

Posted by Jessica Wallace, Santa Cruz Realtor (831) 419-9345 (Coldwell Banker - Santa Cruz) almost 3 years ago

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