Santa Cruz County Real Estate Residential Inventory Snapshot
To give you an idea of what the housing market looks like, so that you can cash in on an amazing deal if the time is right for you, we’ve listed out average and median home prices as well as how long homes are staying on the market.
As of January 28, 2012, aggregated values based on MLS data for the end of January were as follows:
- Single Family Homes under $1M stay on the market an average of 90 days with an average list price of $526,094 and a median list price of $519,000.
- Single family homes over $1M represent an average list price of $2,152,883, a median list price of $1,625,000 and stayed on the market approx. 118 days.
- Condominiums and town homes under $600K stayed on the market for approx. 106 days and came in with an average list price of $314,979 and a median list price of $290,000.
- Condominiums and town homes over $600K are listing at an average of $862,771 with a median list price of $799,000 and spending an average of 144 days on the market.
Although its an optimal time to buy a home, we are seeing less and less inventory on the market.
Over the next week or so, come back and see us on our blog as we’ll be posting the homes that we have in our inventory so that you’ll have an opportunity to get in on one of the best times to buy.
If you have something specific in mind, let us know so that we can keep an eye out when an ideal home for your price range and desired geographic location comes onto the market.
As always, thank you for trusting me with your real estate needs.
David Morrell
