December 2020 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,264,330
+10.8%
Pending Properties163
-19.3%
Sale/List Price Ratio101.8%
-1.5%
Days of Inventory21
-28.2%
Trends at a Glance
| Trends At a Glance |
Dec 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$1,085,000 (+4.6%) |
$1,037,500 |
$895,000 (+21.2%) |
| Average Price |
$1,264,330 (+10.8%) |
$1,140,580 |
$1,046,810 (+20.8%) |
| No. of Sales |
165 (+1.9%) |
162 |
151 (+9.3%) |
| Pending |
163 (-19.3%) |
202 |
110 (+48.2%) |
| Active |
116 (-29.3%) |
164 |
216 (-46.3%) |
| Sale vs. List Price |
101.8% (-1.5%) |
103.3% |
97.6% (+4.3%) |
| Days on Market |
29 (+14.5%) |
26 |
69 (-57.6%) |
| Days of Inventory |
21 (-28.2%) |
29 |
43 (-50.9%) |
Market Commentary
The median sales price for single-family, re-sale homes set a new high in December for the fifth month this year. It gained 21.2% year-over-year.
The average sales price also set a new high in December for the second month this year. It rose 20.8%, year-over-year.
Home sales were up 9.3% year-over-year. There were 165 homes sold in Santa Cruz County last month. The average since 2000 is 157.
For the year, home sales are up 5.7%.
Inventory was down for the fifteenth month in a row. Active listings dropped 38.9% compared to last year.
As of January 5th, there were only 116 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 fifth month in a row. It went from 103.3% to 101.8%.
One hundred and sixty-three homes went into escrow last month, a gain of 26.4% compared to last year.
Days of Inventory fell to twenty-one from twenty-six. The average since 2003 is one hundred and thirty-nine.
Days on market rose from twenty-six to twenty-nine. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos rose 3.8% year-over-year. The average sales price rose 22.8%.
Condo sales rose 41.7% year-over-year. Fifty-one condos were sold last month.
Inventory was down 35%.
As of January 5th, there were 39 condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory dropped to twenty-three from twenty-six.
It took thirty-one 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.