WESTSIDE SANTA CRUZ CONDOS – Market Report 2011
The Westside of Santa Cruz is a great place to live, you are close to beaches, walks on Westcliff Dr, Santa Cruz Downtown, the Boardwalk, shopping and entertainment. Westside Santa Cruz condos are great for first time home buyers and families of UCSC students.
Here is the Sales Activity Report for Westside Santa Cruz Condos 2011:
Westside Santa Cruz condo sale prices are down slightly in 2011 to an average of $312,000. In 2010, the average price of a Westside Santa Cruz condo was $360,000.
The number of Westside Santa Cruz condo sales is up just a bit, there were 44 closed escrows in 2011, compared to 42 Westside condo sales in 2010.
The highest priced Westside Santa Cruz condo sale in 2011 was a 3 bedroom, ocean view condo on Beach Hill that sold for $690,000.
The lowest priced Westside Santa Cruz condo sale in 2011 was a small 435 SF, bank owned condo that sold for $170,000.
In 2011, 9 Westside Santa Cruz condo sales were short sales and 11 were REO or foreclosure condo sales. This means that almost half of all Westside Santa Cruz condo sales were distressed sales. This has attributed to lower sale prices for Westside Santa Cruz condos.
Buying a condo on the Westside of Santa Cruz can be a great option for first time home buyers, UCSC students and families. Contact me for more information about condos and homes for sale in Santa Cruz.
Visit here for a current list of Westside Santa Cruz condos for sale!
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