November 2024 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,426,730
-4.5%
Pending Properties112
-12.5%
Sale/List Price Ratio99.4%
-0.4%
Trends at a Glance
| Trends At a Glance |
Nov 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$1,307,500 (-1.3%) |
$1,325,000 |
$1,270,000 (+3.0%) |
| Average Price |
$1,426,730 (-4.5%) |
$1,494,430 |
$1,703,080 (-16.2%) |
| No. of Sales |
106 (-17.2%) |
128 |
63 (+68.3%) |
| Pending |
112 (-12.5%) |
128 |
101 (+10.9%) |
| Active |
263 (-18.8%) |
324 |
205 (+28.3%) |
| Sale vs. List Price |
99.4% (-0.4%) |
99.8% |
99.2% (+0.2%) |
| Days on Market |
38 (-0.8%) |
39 |
30 (+26.4%) |
| Days of Inventory |
72 (-5.2%) |
76 |
94 (-23.8%) |
Market Commentary
Sales of single-family, re-sale homes were up 68.3% compared to last November. There were 106 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 3% year-over-year last month.
The average sales price lost 16.2%, year-over-year.
Inventory was up 28.3% compared to last November.
As of December 5th, there were 263 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The sales price to list price ratio fell from 99.8% to 99.4%.
One-hundred & twelve homes went into escrow last month, an increase of 10.9% compared to last year.
Days of Inventory fell from 76 to 72. The average since 2003 is one hundred and thirty-nine.
Days on market was thirty-eight. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos was up 20.7% year-over-year. The average sales price rose 11.6%.
Condo sales were down 9.5% year-over-year. Nineteen condos were sold last month.
Inventory was up 56.9%.
As of December 5th, there were eighty condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory rose from seventy-eight to one hundred & twenty-two.
It took twenty-five 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.