Home Sales Continue to Rise in Santa Cruz County!

By
Real Estate Agent with RE/MAX BAYVIEW

Contrary to the more bleak national picture, home sales in Santa Cruz County, CA rose 22.6% in June 2008 (compared to May).  Year-over-year, our sales of single family homes are only off by 5.6%.  This is the lowest year-over-year decline since July 2007.  There seems to be signs that we are hitting the bottom.  Inventory rose 2.1% from May, but it is down 12% year-over-year.

What about the article in USA Today dated 6/23/08 Santa Cruz, Calif., Surfs Through Rough Times. Among other advantages, the article touts our stable job market, being close to the Silicon Valley, home of UCSC, and the fact that we don't have large tracts of housing developments evident in other areas of California. 

The fact of the matter is, we didn't over build during the housing boom, because we couldn't.  Our land is very limited which works in our favor in the supply and demand formula.  For a look at sales activity in some of our local neighborhoods, click on the following links:

 

Santa Cruz, CA - Real Estate Sales for June 2008

A p t o s , CA - Real Estate Sales for June 2008

Capitola, CA - Real Estate Sales for June 2008

So quel , CA - Real Estate Sales for June 2008

Felton, CA - Real Estate Sales for June 2008

Ben Lomond, CA - Real Estate Sales for June 2008 

Boulder Creek, CA - Real Estate Sales for June 2008

Scotts Valley, CA - Real Estate Sales for June 2008

Deborah Wood is a RE/MAX Broker Associate specializing in the Santa Cruz, CA Real Estate Market.  She offers complete access to the Santa Cruz County MLS on her website.

Comments (5)

Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.

Jul 11, 2008 07:00 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Deborah,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Jul 11, 2008 03:26 PM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post. 

I hope you will look into the many groups as there are some great group both local and broad based,.... 

enjoy!

Jul 12, 2008 05:42 AM
Lorena Westervelt
Van West Realty - Greenville, SC
Co-Founder/Co-Owner

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Jul 12, 2008 03:20 PM
Neal Barnes
Starstate Realty - Killeen, TX
Broker, REALTOR, ABR, CRS, GRI, SRES, SRS.

Hi Deborah  -  Welcome to activerain.  I look forward to networking with you and reading your future post.  Have a nice day!!!

Nov 29, 2008 03:53 PM