May’s Break Down
Last month’s numbers are in and the median home sale price (single family residential detached) for all of Santa Cruz County per the SC Association of Realtors for May was $935,000. The Condo/Townhome median sale price was $636,500, highest if the year. Homes on average were selling for 99.1% of the listed price (compared to 97.1% of the “original listed price”) and the median days to receive an accepted offer for the county was about 14 days in May. The real estate inventory was 2.7 months for the county. Things are starting to heat up, we are seeing strong values persevere and interest rates are remaining enticing.
Area Highlights
Soquel saw the highest inventory in May and Brookdale had the lowest number of sales. Highest number of sales were found in Scotts Valley and Watsonville and Brookdale had the lowest inventory. Highest median sale price was found in Bonny Doon, while Zayante/Lompico had the lowest. That’s it for this month’s update!
