Special offer

August's Median Home Stable from Last Year in Santa Cruz, Ca

By
Real Estate Agent with Bailey Properties, Inc. CA DRE # 01375721

Note: All information in this post was taken from Jondi Gumz's article "More investors in the hunt" in the Santa Cruz Sentinel.

The median price for a single-family residence in Santa Cruz County last month was $490,000, compared to $510,000 in August of 2010. However, August home sales were up 9 percent rom last August.

 

34 percent of residential properties sold were banked-owned or short sales, and 23 percent of residential transactions involved cash, up from the national average of 15 percent cash transactions. Local real estate professionals note the activity of investors in the current market, with a relatively large percentage of home purchases representing second homes.

As is the case all over the country, Santa Cruz County real estate has taken a blow in recent years. How do the transaction stats in your area compare to the past several years? How has that changed how you do business?

 

Check out my website at http://www.petecullen.com/ to look for listings in this beautiful area and to find more of what Santa Cruz County has to offer.

                                            Facebook LinkedIn Twitter Youtube

Comments (0)