January 2020 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,046,810
+7.5%
Pending Properties129
-33.5%
Sale/List Price Ratio97.6%
-0.7%
Days of Inventory38
-45.9%
Trends at a Glance
| Trends At a Glance |
Dec 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$895,000 (+2.3%) |
$875,000 |
$932,500 (-4.0%) |
| Average Price |
$1,046,810 (+7.5%) |
$973,374 |
$1,127,540 (-7.2%) |
| No. of Sales |
151 (+15.3%) |
131 |
115 (+31.3%) |
| Pending |
129 (-33.5%) |
194 |
87 (+48.3%) |
| Active |
190 (-39.7%) |
315 |
319 (-40.4%) |
| Sale vs. List Price |
97.6% (-0.7%) |
98.3% |
97.2% (+0.4%) |
| Days on Market |
69 (+47.5%) |
47 |
53 (+30.0%) |
| Days of Inventory |
38 (-45.9%) |
70 |
83 (-54.6%) |
Market Commentary
After dropping two months in a row, sales of single-family, re-sale homes jumped 31.5%, year-over-year. Home sales were up 9.2% from November. There were 142 homes sold in Santa Cruz County last month. The average since 2003 is 158. For the year, home sales were down 7.2%.
Inventory was down for the third month in a row. Active listings dropped 28.3% compared to last year.
As of January 5th, there were 172 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The median sales price for single-family, re-sale homes dropped 2.7%, year-over-year. That’s six of the past seven months the median price has been lower than the year before. The average sales price fell 6.2, year-over-year.
The sales price to list price ratio dropped from 98.2% to 97.5%.
One hundred and twenty-six homes went into escrow last month, a gain of 5% compared to last year.
Days of Inventory dropped from fifty-six to thirty-six. The average since 2003 is one hundred and thirty-nine.
Days on market rose from forty-eight to sixty-seven. That is the time from when a home is listed to when it goes into contract.
Prices for re-sale condos dropped for the second month in a row. The median sales price fell, year-over-year, by 0.7%. The average sales price dropped 7.5%.
Condo sales were up 94.7% year-over-year.
Inventory was lower for the fifth month in a row. It fell last month by 16.7% compared to last November.
As of January 5th, there were 60 condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory dropped to forty-nine.
It took thirty-eight days, on average, to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.