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San Lorenzo Valley Real Estate market update: 3rd Quarter 2019
San Lorenzo Valley, Santa Cruz, and Scotts Valley
Real estate market update: 3rd Quarter 2019
AFFORDABLE HOMES NEAR THE SILICON VALLEY:
Average single family home prices continue to range between $1 to $1.5 million across Santa Cruz County and the greater San Francisco Bay Area.   Many people who work in the Silicon Valley are delighted to discover affordable housing in the San Lorenzo Valley - within 45 minutes to an hour’s commute to major employers like Apple, Alphabet (Google), Facebook, etc…      The San Lorenzo Valley offers a more relaxed, rural lifestyle at about half the price of neighboring Scotts Valley, which combines the conveniences of a small city with a sense of community.   Santa Cruz home prices have been stable at about $1.1 million, where residents can enjoy legendary parks and beaches, plus a variety of shopping and restaurants, night life and amenities available in a city of about 60,000 residents.
SUMMARY:
San Lorenzo Valley sales prices softened a bit in the 3rd quarter, as the number of homes listed for sale increased.   The number of home sales rose as well, while buyers who’d faced stiff competition in the past found it easier to win the bidding process without necessarily having to offer much over ... more

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