September 2021 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,308,960
-2.5%
Pending Properties236
-2.1%
Sale/List Price Ratio103.6%
-0.2%
Trends at a Glance
| Trends At a Glance |
Sep 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,160,000 (-7.2%) |
$1,250,000 |
$1,055,500 (+9.9%) |
| Average Price |
$1,308,960 (-2.5%) |
$1,342,080 |
$1,214,350 (+7.8%) |
| No. of Sales |
171 (-17.4%) |
207 |
196 (-12.8%) |
| Pending |
236 (-2.1%) |
241 |
217 (+8.8%) |
| Active |
165 (-10.8%) |
185 |
202 (-18.3%) |
| Sale vs. List Price |
103.6% (-0.2%) |
103.9% |
101.1% (+2.5%) |
| Days on Market |
22 (+17.8%) |
19 |
45 (-50.0%) |
| Days of Inventory |
28 (+4.4%) |
27 |
30 (-6.4%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 9.9% year-over-year last month. That is the sixteenth month in a row the median sales price has been higher than the year before.
The average sales price rose 7.6%, year-over-year.
Sales of single-family, re-sale homes were down 11.9% compared to last September. There were 171 homes sold in Santa Cruz County last month. The average since 2000 is 157.
Inventory was down for the twenty-fourth month in a row. Active listings dropped 6.3% compared to last year.
As of October 5th, there were only 163 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The sales price to list price ratio stayed over 100% for the fourteenth month in a row. It was 103.6%.
Two hundred and thirty-six homes went into escrow last month, a drop of 1.3% compared to last year.
Days of Inventory rose from twenty-seven to twenty-eight. The average since 2003 is one hundred and thirty-nine.
Days on market rose from nineteen to twenty-two. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos fell 1.2% year-over-year. The average sales price rose 2.1%.
Condo sales were down 1.8% year-over-year. Fifty-four condos were sold last month.
Inventory was down 45.3%.
As of October 5th, there were thirty-five condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory fell from twenty-nine to nineteen.
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.