Real Estate Report presented by Justin McNabb

December 2019 Report

Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >


Median Price
$872,500
+2.6%
Average Price
$963,638
-0.8%
No. Sold
130
-6.5%
Pending Properties
220
0.0%
Active
249
-30.3%
Sale/List Price Ratio
98.2%
0.0%
Days on Market
48
-19.8%
Days of Inventory
56
-27.9%

Market Barometer

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Market Commentary

Sales Continue to Decline, Inventory Plunges

Home sales were down for the second month in a row, year-over-year. They fell 2.3%. There were 130 homes sold in Santa Cruz County last month. The average since 2003 is 158. Year-to-date, home sales are down 9.9%.

After being higher than the year before fifteen months in a row, inventory was down for the second month in a row. Active listings dropped 22.2% compared to last year. 

As of December 5th, there were 249 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The median sales price for single-family, re-sale homes turned around last month after being lower than the year before five months in a row. It was up 2.6%. The average sales price fell 5.3, year-over-year.

The sales price to list price ratio stayed at 98.2% last month.

Two hundred and twenty homes went into escrow last month, a gain of 27.9% compared to last year.

Days of Inventory dropped from seventy-seven to fifty-six. The average since 2003 is one hundred and thirty-nine.

Days on market fell from fifty-nine to forty-eight. That is the time from when a home is listed to when it goes into contract.

After jumping in October, prices for re-sale condos plunged in November . The median sales price fell, year-over-year, by 20.4%. The average sales price dropped 15.4%.

Condo sales were up 5.9% year-over-year. 

Inventory was lower for the fourth month in a row. It fell last month by 27% compared to last November.

As of December 5th, there were 73 condos for sale in Santa Cruz County. The average since January 2003 is 141.

Days of inventory rose to fifty-nine.

It took thirty-seven days, on average, to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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