September 2024 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,558,680
+3.3%
Pending Properties145
+17.9%
Sale/List Price Ratio100.6%
+0.5%
Days of Inventory101
+35.4%
Trends at a Glance
| Trends At a Glance |
Sep 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$1,400,000 (+7.7%) |
$1,300,000 |
$1,160,250 (+20.7%) |
| Average Price |
$1,558,680 (+3.3%) |
$1,508,980 |
$1,252,500 (+24.4%) |
| No. of Sales |
93 (-26.8%) |
127 |
69 (+34.8%) |
| Pending |
145 (+17.9%) |
123 |
104 (+39.4%) |
| Active |
323 (+2.5%) |
315 |
241 (+34.0%) |
| Sale vs. List Price |
100.6% (+0.5%) |
100.1% |
100.0% (+0.6%) |
| Days on Market |
41 (+25.1%) |
33 |
42 (-1.8%) |
| Days of Inventory |
101 (+35.4%) |
74 |
101 (-0.6%) |
Market Commentary
Sales of single-family, re-sale homes were up 34.8% compared to last August. There were 93 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 up 20.7% year-over-year last month.
The average sales price gained 24.4%, year-over-year.
Inventory was up 34% compared to last September.
As of October 5th, there were 323 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The sales price to list price ratio rose from 100.1% to 100.6%.
One-hundred & forty-five homes went into escrow last month, an increase of 39.4% compared to last year.
Days of Inventory rose from 74 to 101. The average since 2003 is one hundred and thirty-nine.
Days on market was forty-one. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos was up 20.1% year-over-year. The average sales price rose 6.5%.
Condo sales were down 15.4% year-over-year. Twenty-two condos were sold last month.
Inventory was up 77.6%.
As of October 5th, there were eighty-seven condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory rose from eighty-eight to one hundred & fifteen.
It took forty-six 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.