May 2019 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,086,870
+18.1%
Pending Properties160
+5.3%
Sale/List Price Ratio99.8%
+0.1%
Days of Inventory86
+17.1%
Trends at a Glance
| Trends At a Glance |
Apr 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$950,000 (+5.6%) |
$900,000 |
$895,000 (+6.1%) |
| Average Price |
$1,086,870 (+18.1%) |
$919,972 |
$1,047,820 (+3.7%) |
| No. of Sales |
111 (+2.8%) |
108 |
156 (-28.8%) |
| Pending |
160 (+5.3%) |
152 |
189 (-15.3%) |
| Active |
330 (+24.5%) |
265 |
253 (+30.4%) |
| Sale vs. List Price |
99.8% (+0.1%) |
99.8% |
101.1% (-1.2%) |
| Days on Market |
38 (-26.9%) |
52 |
29 (+33.9%) |
| Days of Inventory |
86 (+17.1%) |
74 |
47 (+83.3%) |
Market Commentary
The median sales price for single-family, re-sale homes set a new high of $950,000 in April. It was up 6.1% from last year. The average sales price rose 3.7% and went back over $1,000,000.
The sales price to list price ratio continues to hover just below 100%. It was 99.8% last month.
Home sales were down, year-over-year, for the ninth month in a row. There were 111 homes sold in Santa Cruz County last month. The average since 2003 is 158.
Inventory continues to expand. It has been higher than the year before ten months in a row. Last month, it was up 30.4% over last year.
As of May 5th, there were 330 homes for sale in Santa Cruz County. The average since January 2003 is 681.
Days of Inventory was at eighty-six. The average since 2003 is one hundred and thirty-nine.
It took only thirty-eight days to sell a home last month. That is the time from when a home is listed to when it goes into contract.
Prices for re-sale condos were up last month from the month before. The median sales price rose year-over-year by 4.7%. The average sales price rose 6.5%.
Condo sales were up 17.6% year-over-year.
Inventory continues to expand. It has been higher than the year before ten months in a row.
As of May 5th, there were 82 condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory rose to fifty-nine.
It is taking forty-seven days to sell a condo.
If you are planning on selling your property, call me for a free comparative market analysis.