Santa Cruz County Real Estate Market Update

Santa Cruz real estate is in high demand as fewer homes are being listed. This week the Santa Cruz median list price is at $498,000 which is in a strong upward trend that has been continual since roughly February. As the market continues to get hotter and fewer homes being listed, we can predict the prices to going to keep climbing with no sign of change in the current trend. The price per square foot however, for these homes remain flat. Usually when the price per square foot is staying the same, but the market price of the homes are going up it is a signal that the new homes being listed are more costly, and also larger then the older homes. The 37 Santa Cruz properties have been on the market for appox. 111 days, with about half of the listings being newly added in the last 49 days or so.

Real Estate in Santa Cruz is standing strong in the sellers Advantage zone {greater then 30}. The 90 day mai is 43.29 which shows that the request is strong and the properties are being sold fairly quickly.

One of the most important thing when looking for Santa Cruz Homes For Sale is that the summer time real estate market moves extremely fast and homes seem to get into escrow at record speeds. Its normal for this type of trend to happen during peak beach season. It is extremely important to have a real estate agent that is up to date every day on the MLS. When keeping track of all the latest homes to hit the market making it easier to find your home when always looking online.

If you are looking for other real estate in Northern California or your looking for San Jose homes for sale visit the san jose division of American Dream Realty.

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