Saturday, December 26, 2009
Santa Cruz Real Estate Market Dec 26th 2009
Santa Cruz County Property Update:
From the begining of Dec 2009 139 Condos, Townhomes, and Single family residences have sold in all of Santa Cruz County. Of those sales 17 were sold as short sales and 45 were sold as REO's. In the Santa Cruz City area which is a less distressed area than the rest of Santa Cruz County includes Capitola, Aptos, Rio Del Mar, Soquel, Santa Cruz, and Soctts Valley. These areas saw 78 sold properties 10 that were short sales and 18 that were REOs.
There are currently 361 Condos, Townhomes, and Single family residences on the market in Santa Cruz County. 184 are listed as short sales and 58 are listed as REOs. In the Santa Cruz City Area there are 170 properties listed and 90 are listed as short sales and 18 are listed as REOs.
The trend in Santa Cruz County is typical market with mostly traditional sales with a strong pull towards short sales. The market has not been flooded with REO's and that may translate to higher property valeues. For more market data go to www.brandijones.com
Comments(1)