March 2020 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$960,607
-0.3%
Pending Properties157
+34.2%
Sale/List Price Ratio98.6%
+1.2%
Days of Inventory56
+22.6%
Trends at a Glance
| Trends At a Glance |
Feb 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$900,000 (+4.1%) |
$864,500 |
$927,000 (-2.9%) |
| Average Price |
$960,607 (-0.3%) |
$963,245 |
$1,041,390 (-7.8%) |
| No. of Sales |
87 (-9.4%) |
96 |
86 (+1.2%) |
| Pending |
157 (+34.2%) |
117 |
121 (+29.8%) |
| Active |
175 (+19.0%) |
147 |
272 (-35.7%) |
| Sale vs. List Price |
98.6% (+1.2%) |
97.5% |
97.5% (+1.2%) |
| Days on Market |
68 (-17.1%) |
82 |
64 (+5.3%) |
| Days of Inventory |
56 (+22.6%) |
46 |
85 (-34.0%) |
Market Commentary
Sales of single-family, re-sale homes were up 1.1%, year-over-year. Home sales were down 9.4% from January. There were 87 homes sold in Santa Cruz County last month. The average since 2003 is 158.
Inventory was down for the fifth month in a row. Active listings dropped 35.7% compared to last year.
As of March 5th, there were only 175 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The median sales price for single-family, re-sale homes fell 2.9%, year-over-year. It was up 4.1% compared to January. The average sales price fell 7.8%, year-over-year. It was down 0.3% from January.
The sales price to list price ratio rose from 97.5% to 98.6%.
One hundred and fifty-seven homes went into escrow last month, a gain of 29.8% compared to last year.
Days of Inventory rose from forty-six to fifty-six. The average since 2003 is one hundred and thirty-nine.
Days on market fell from eighty-two to sixty-eight. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos fell 7.6% year-over-year. The average sales price gained 3.7%.
Condo sales were down 21.6% year-over-year. Twenty-nine condos sold last month.
Inventory was lower for the seventh month in a row. It fell last month by 3.8% compared to last January.
As of March 5th, there were 77 condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory dropped to eighty-one from seventy-four.
It took forty-one 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.