Santa Cruz County Home Values - Market Report

By
Real Estate Agent with Coldwell Banker - Santa Cruz BRE 01455690

SANTA CRUZ COUNTY HOME VALUES - MARKET REPORT 2011

Looking back at Santa Cruz County Home Values in 2011, the trend has been slightly downward, but not by much compared to the past 3 years.

The median home price for all of Santa Cruz County in 2011 was $465,000. this is down slightly from 2010 when the median home value in Santa Cruz was $520,000 but about the same as 2009 when the median Santa Cruz county home sold for $495,000.

GRAPH OF SANTA CRUZ COUNTY HOME VALUES 2009-2011

santa cruz home values

The number of Santa Cruz home sales is up in 2011, there were a total of 1821 single family home sales in 2011 in all of Santa Cruz County.  In 2010 there were 1598 SFR Santa Cruz county home sales.

Of the 1821 home sales in Santa Cruz County in 2011, 818 were short sales or foreclosures (REOs), which means almost 45% of all home sales in Santa Cruz were distressed sales.  That is a huge portion of our market.  I expect to see more short sales and foreclosures in 2012, but with a trend toward more short sales than foreclosures.  

Overall, more Santa Cruz homes are selling and at a slightly lower price than the previous year.  Santa Cruz home values are getting to be attractive to home buyers and first time home buyers are making up a large percentage of the market.  With the historic low interest rates and great deals on foreclosures and short sales, many people have decided that now is the time to buy.

Contact me for more information about Santa Cruz home values in your neighborhood or city.

 

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Topic:
Real Estate Market Trends
Location:
California Santa Cruz County
Groups:
CALIFORNIA REAL ESTATE
Northern California Real Estate Professionals
Realtors®
San Francisco Bay Area Real Estate
Tags:
home prices
real estate values
property values
what is my home worth

Comments 6 New Comment

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Rainmaker
637,731
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Tahoe Real Estate Agent Helping Buyers and Sellers
Coldwell Banker, Tahoe City, CA (530) 414-1260

Jessica - Great, local real estate market report. You've given both buyers and sellers a lot of good information to use. Nicely done!

January 28, 2012 05:04 PM
Rainmaker
233,907
Kim & Kristine Halverson
Realtors, Santa Monica Real Estate, CA
www.KimAndKristine.com, Santa Monica Real Estate :)

Excellent work on this Jessica.Report is really easy to understand.Nice well done again.Stay excellent Santa Cruz Short Sale Agent.Best of Luck!

 

April 13, 2012 08:24 AM
Rainer
86,736
Stephanie Anson
Anson Properties LLC

Jessica, thanks for sharing this great report. Keep up the good work as a top Santa Cruz short sale agent!

April 22, 2012 04:28 PM
Rainer
71,505
Bas Panch
SCV Home Buyer

Hi Jessica,

Thanks for keeping us updated with this market report, and for sharing your expertise as a Santa Cruz short sale agent. You're doing a great job!

April 24, 2012 06:31 PM
Rainmaker
597,087
Petra Norris
Realtor, Lakeland FL Homes for Sale
CDV TransAtlantic, Inc.

Jessica,good presentation here.Very Informative and comprehensive layout.You're definitely the best and expert Santa Cruz Short Sale Agent.Best of luck! 

 

July 24, 2012 11:51 AM
Ambassador
1,850,477
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

Hello Jessica,Thanks for all your effort in always updating us with all your market report.It is a big help to everyone of us .Continue being a good example Santa Cruz Short Sale Agent.Good luck and more success to come.

August 27, 2012 10:08 AM
Show All Comments
Rainmaker
221,965

Jessica Wallace

Santa Cruz Realtor (831) 419-9345
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