June 2020 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,032,720
+10.8%
Pending Properties263
+15.4%
Sale/List Price Ratio98.9%
+0.2%
Days of Inventory37
-58.9%
Trends at a Glance
| Trends At a Glance |
Jun 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$905,000 (+6.5%) |
$850,000 |
$897,000 (+0.9%) |
| Average Price |
$1,032,720 (+10.8%) |
$932,249 |
$1,076,940 (-4.1%) |
| No. of Sales |
188 (+111.2%) |
89 |
162 (+16.0%) |
| Pending |
263 (+15.4%) |
228 |
162 (+62.3%) |
| Active |
238 (-10.2%) |
265 |
467 (-49.0%) |
| Sale vs. List Price |
98.9% (+0.2%) |
98.7% |
99.2% (-0.3%) |
| Days on Market |
38 (+2.1%) |
37 |
30 (+27.7%) |
| Days of Inventory |
37 (-58.9%) |
89 |
84 (-56.1%) |
Market Commentary
Home sales were up 16% year-over-year. Sales were up an astounding 111.2% compared to May. There were 188 homes sold in Santa Cruz County last month. The average since 2000 is 157.
Year-to-date, home sales are down 10.6%
Inventory was down for the ninth month in a row. Active listings dropped 49% compared to last year.
As of July 5th, there were only 238 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The median sales price for single-family, re-sale homes rose 0.9%, year-over-year. It was up 6.5% compared to May. The average sales price fell 4.1%, year-over-year. It was up 10.8% from May.
The sales price to list price ratio stayed under 100%. It rose from 98.7% to 98.9%.
Two hundred and sixth-three homes went into escrow last month, a gain of 62.3% compared to last year.
Days of Inventory plunged from eighty-nine to thirty-seven. The average since 2003 is one hundred and thirty-nine.
Days on market rose from thirty-seven to thirty-eight. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos rose 2.9% year-over-year. The average sales price gained 11.2%.
Condo sales were up 36.1% year-over-year. Forty-nine condos sold last month.
Inventory was down 18.2%.
As of July 5th, there were 81 condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory dropped to forty-eight from one-hundred and four.
It took thirty 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.