San Lorenzo Valley, Santa Cruz, and California Market Housing Update - 01/28/11 03:55 PM
While home values in Santa Cruz are still averaging around the $500,000 mark, the most affordable properties in Santa Cruz County can now often be found in San Lorenzo Valley homes.   When real estate troubles first hit the Santa Cruz area, the problems centered largely in Watsonville.    Ironically, now that area has substantially stabilized, but distress sales continue in the  San Lorenzo Valley, which has become quite affordable.      Home prices in the San Lorenzo Valley average just under $300,000, making the San Lorenzo Valley affordable for first time buyers and investors.
County wide, about 40 percent of sales … (2 comments)

What is a Short Sale? - 01/26/11 02:42 PM
 
First of all, the word “short” has nothing to do with time! – these are not “quick” sales.     These days, many properties have fallen in value; so if the homeowner falls into financial distress, they owe more than what the property will sell for.   If a lender agrees to a “short sale”, they are allowing the property to sell for less than the loans and transaction costs.   So, proceeds of the sale come up “short” of the costs to pay for the sale.     Who determines if a property is a short sale?   
Many Realtors offer free service – a comparative … (2 comments)

Are you a homeowner in distress? - 01/24/11 09:54 PM
Many homeowners are finding it difficult to keep up with the costs of homeownership.    Health problems, marital changes, job cutbacks, furloughs, unemployment and relocations are just a few of the factors that can make it difficult to make the mortgage payment.   
It is incredibly difficult to face the possibility of losing one’s home.   It’s demoralizing to keep opening the mounting pile of bills that can’t all be paid.   It’s disheartening to answer the relentless collector calls.   It’s paralyzing not knowing what to do,   It’s embarrassing not knowing what to say – to your family, your neighbors, your friends, your coworkers…..    It’s … (0 comments)

Credit After Short Sale, Missed Mortgage Payments, and Foreclosure - 01/15/11 12:06 PM
To get the best advice for your particular finances and goals, I recommend you meet with a lender to discuss the credit implications of your various choices in advance of making any decisions.     In some cases, lenders may be able to help you purchase another house within just a few years of a short sale.   You ought to consult with an attorney and a tax professional as well, as every person's situation is so unique.
Meanwhile, though, here's a link to information posted by the California Association of REALTORS.    If you didn't already know about this valuable … (1 comments)

Santa Cruz County Home Sales Statistics: Year End 2010 - 01/13/11 05:19 PM
Scotts Valley Single Family Home Sales, 2010
11 homes sold in December 2010 at an average price of $767,400, a strong showing co
mpared to the 8 homes that sold in November at an average price of $576,875. 128 homes sold during the year, with a minimum sales price of $30,600 for a red-tagged bank owned structure up to a maximum of $3,000,000 for a 6 bedroom home on about 10 acres. The average list price was $788,266, while the final sales price averaged $764,512, just 1 % shy of last year's average.
111 homes had sold in 2009, with a … (1 comments)

Jan 15/16: Passport Wine Tour Santa Cruz Mountains - 01/12/11 06:13 PM
     Although there is a membership cost to attend this event, it sounds like a lot of fun!
… (0 comments)

Santa Cruz 37th Annual Fungus Fair - 01/07/11 05:06 PM

Yet another reason to own real estate here in the 
Santa Cruz Mountains!
 
I enjoyed a gourmet meal of Chantrelles over wild rice last night, thanks to the generosity of a close friend.    I have to admit I was happy to wake up this morning! - collecting wild mushrooms takes skill and knowledge.
 
To learn more about these delicious wild edibles,
go to the fair this weekend!
http://www.scfungusfair.org/
… (0 comments)

 
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M.C. Dwyer

Felton, CA

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Santa Cruz Mountains REALTOR Century 21 Showcase REALTORs

Address: 13210 Central Avenue, Boulder Creek, CA, 95006

Cell Phone: (831) 419-9759

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Find all the information you need about Santa Cruz Mountains real estate - from new listings to prices and statistics. I'll also post stories about the process of buying and selling homes, as well as timely tips about taxes, interest rates, and getting a loan. Check here for upcoming activities in the Santa Cruz mountains, too!


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