November 2019 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$971,853
+2.5%
Pending Properties220
+0.9%
Sale/List Price Ratio98.2%
-0.2%
Trends at a Glance
| Trends At a Glance |
Oct 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$850,000 (+6.9%) |
$795,000 |
$885,000 (-4.0%) |
| Average Price |
$971,853 (+2.5%) |
$948,143 |
$966,749 (+0.5%) |
| No. of Sales |
139 (-7.3%) |
150 |
153 (-9.2%) |
| Pending |
220 (+0.9%) |
218 |
206 (+6.8%) |
| Active |
357 (-14.4%) |
417 |
361 (-1.1%) |
| Sale vs. List Price |
98.2% (-0.2%) |
98.3% |
98.9% (-0.7%) |
| Days on Market |
59 (+21.7%) |
49 |
44 (+34.1%) |
| Days of Inventory |
77 (-4.4%) |
81 |
71 (+8.9%) |
Market Commentary
While the median sales price for single-family, re-sale homes was down for the fifth month in a row, year-over-year: -4%, it was up 6.9% in October from September. The average sales price rose 2.5% from September, and, it was up 0.5% year-over-year.
The sales price to list price ratio dropped from 98.3% to 98.2% last month.
Home sales were down 9.2%, year-over-year. There were 139 homes sold in Santa Cruz County last month. The average since 2003 is 158.
Two hundred and twenty homes went into escrow last month, a gain of 6.8% compared to last year.
After being higher than the year before fifteen months in a row, inventory was down 1.1% compared to last year.
As of November 5th, there were 357 homes for sale in Santa Cruz County. The average since January 2003 is 681.
Days of Inventory was seventy-seven. The average since 2003 is one hundred and thirty-nine.
Days on market jumped from forty-nine to fifty-nine. That is the time from when a home is listed to when it goes into contract.
Prices for re-sale condos jumped in October. The median sales price rose year-over-year by 23.7%. The average sales price gained 19.6%.
Condo sales were up 25.7% year-over-year.
Inventory was lower for the third month in a row. It fell last month by 20.6% compared to last October.
As of November 5th, there were 85 condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory rose to fifty-eight.
It took thirty-seven 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.