Real Estate Report presented by Pam Blackman

November 2022 Report

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


Median Price
$1,250,000
-7.3%
Average Price
$1,340,140
-7.5%
No. Sold
85
-15.8%
Pending Properties
168
+5.7%
Active
211
-13.5%
Sale/List Price Ratio
100.8%
+1.2%
Days on Market
39
+13.7%
Days of Inventory
72
-0.7%

Market Barometer

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Market Commentary

Home Sales & Prices Fall in November

Sales of single-family, re-sale homes were down for the fifteenth month in a row, year-over-year. They fell 45.5% compared to last November.   There were 85 homes sold in Santa Cruz County last month. The average since 2000 is 157.

The median sales price for single-family, re-sale homes was down 0.8% year-over-year last month. It fell 7.3% in November from October.

The average sales price fell 3.6%, year-over-year.

After being down twenty-eight months in a row, inventory was up for the ninth month in a row. It gained 104.9% compared to last November.

As of December 5th, there were 211 homes for sale in Santa Cruz County. The average since January 2003 is 681.

The sales price to list price ratio went back over 100%. It went from 99.6 to 100.8%.

One hundred and sixty-eight homes went into escrow last month, a drop of 12% compared to last year.

Days of Inventory stayed at seventy-two. The average since 2003 is one hundred and thirty-nine.

Days on market rose from thirty-four to thirty-nine. That is the time from when a home is listed to when it goes into contract.

The median sales price for condos rose 3.3% year-over-year. The average sales price rose 8.5%.

Condo sales were down 54.1% year-over-year. Seventeen condos were sold last month.

Inventory was up 31.6%.

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

Days of inventory fell from forty-seven to forty-three.

It took eighteen 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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