Santa Cruz County Real Estate Market Trends Report
Trends at a Glance
Single-Family Homes
| Jan 25 | Dec 24 | Jan 24 | |
|---|---|---|---|
| Median Price | $1,227,500 | $1,250,000 | $1,190,000 |
| Average Price | $1,361,710 | $1,325,520 | $1,267,480 |
| Units Sold | 66 | 83 | 53 |
| Pending Sales | 73 | 72 | 82 |
| Active Listings | 209 | 194 | 136 |
| Sale/List Price Ratio | 98.7% | 100.1% | 99.3% |
| Days on Market | 40 | 41 | 52 |
| Days of Inventory | 95 | 70 | 77 |
Condominiums
| Jan 25 | Dec 24 | Jan 24 | |
| Median Price | $819,000 | $700,000 | $729,000 |
| Average Price | $815,810 | $702,847 | $797,490 |
| Units Sold | 21 | 17 | 19 |
| Pending Sales | 24 | 19 | 23 |
| Active Listings | 74 | 62 | 46 |
| Sale/List Price Ratio | 99.3% | 99.4% | 98.2% |
| Days on Market | 41 | 40 | 39 |
| Days of Inventory | 106 | 109 | 73 |
Home Prices & Sales Up in January
Sales of single-family homes in Santa Cruz County rose 24.5% compared to last January, with 66 homes sold. However, this remains below the long-term average of 157 homes per month since 2000.
The median sales price increased 3.2% year-over-year.
The average sales price rose 7.4% year-over-year.
Inventory jumped 53.7% compared to last January.
Active Listings: 209 homes were for sale as of February 5th (historical average: 681).
Sale/List Price Ratio: Fell from 100.1% to 98.7%.
Pending Sales: 73 homes went into escrow, an 11% decrease year-over-year.
Days of Inventory: Increased from 70 to 95 (historical average: 139).
Days on Market: 40 days, from listing to contract.
Condo Market Trends
The median sales price rose 12% year-over-year.
The average sales price increased 2.3%.
Condo sales rose 10.5%, with 21 condos sold last month.
Inventory increased by 60.9%, with 74 active condo listings (historical average: 141).
Days of Inventory: Dropped slightly from 109 to 106.
Days on Market: Averaged 41 days.
Thinking of Selling? Get a Market Analysis!
If you're planning to sell your home, contact me for a free comparative market analysis to determine your property's value.
Pete Cullen
9119 Soquel Drive
Aptos, CA 95003
(831) 818-1662
pete@petecullen.com
http://petecullen.com
CA DRE #01375721
📌 Monthly four-page newsletter: View Here
📌 Full Annual Report with City-Specific Charts: View Here (Copy & paste the link into your browser if needed).
Access the full online report here:
Santa Cruz County Real Estate Report
Created By: Amèlia Camps-McCaffrey
Comments(1)