Santa Cruz County Real Estate -- featuring single-family homes and condos foe sale in Santa Cruz.

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Bill Tershy, Santa Cruz RealtorWelcome to Santa Cruz County Real Estate!

Our real estate Web site is dedicated to providing Santa Cruz home buyers and sellers with pertinent information on current real estate market trends.  We also feature single-family homes and condominiums that are for sale in Santa Cruz, Aptos, Capitola, Scotts Valley, Los Gatos, Felton, Bolder Creek, and Ben Lomond.

Santa Cruz Real Estate LogoSanta Cruz Realtor, Bill Tershy, can help guide you through the available homes for sale in Santa Cruz. Whether you are looking for the perfect Santa Cruz beachfront property for a vacation or first home, desire the fresh air and picturesque mountain views of the San Lorenzo Valley and Bonny Doon, the panoramic ocean views of Pleasure Point and Santa Cruz Yacht Harbor, or you're simply looking for a comfortable home on Santa Cruz' Westside, Bill can Help!  Click here to see  our current listings >>

   

Real Estate Market Overview

Fed Tax Credit Aftermath

The aftermath of the Fed tax credit, which expired April 30th, won’t be completely known until the end of June. Although the tax credit expired at the end of April, when buyers needed to be in escrow, buyers have until June 30th to close the sale. The effect of the tax credit was complicated by the new state tax credit which started May 1st. Many buyers delayed escrow so they could take advantage of both credits, stealing sales from April, down 22.5% year-over-year, and pushing them into May, where home sales were up 14.4% year-over-year.

Snapshot of Santa Cruz County Real Estate Market

Pending home sales, goosed by the tax credits, continued to be near record highs at 349 units. We expect home sales to be strong in June.

The median price for single-family, re-sale homes edged upward in May by 1.5% from April. It was up 19.1% from last May. This is the ninth month in a row the median price has been higher than the year before. .

Although inventory grew 13.4% from April, it was down 2.5% year-over-year. This is the twenty-fourth month in a row inventory has been lower than the year before, putting upward pressure on prices.

The Sales price to list price ratio clocked in at 98.8%, higher than any month since May 2006.

Are We There Yet? If the previous numbers don’t convince you the real estate market in Santa Cruz County has bottomed out, let’s look at some other statistics. First, foreclosures levels: they dipped by 2% in April year-over-year. That's the first annual decrease in more than five years, according to report issuer RealtyTrac. Second, shorter marketing time: in May, average days on market was 39. That’s the shortest time since July 2007. Third, Case-Shiller Home Price Index: often considered the gold standard for real estate statistics, the index for the San Francisco Bay Area was up for the eleventh month in a row, according to their latest statistics reported for March 2010. I expect when they report on April and May, we will see the index continue rising. .
 
Santa Cruz Housing Market Summary – The Santa Cruz County real estate market is very hard to generalize. Not only do you have many individual, unique cities such as Santa Cruz, Aptos, Capitola, Scotts Valley, Los Gatos, Felton, Bolder Creek, and Ben Lomond, but within each city there are many micro real estate market such as Santa Cruz' Westside, Eastside, Please Point, Live Oak, East Cliff, Seabright, Yacht Harbor, and more.   For complete information on a particular neighborhood or property, please click here or call me at (831) 423-SOLD (7653) or (888) 299-7653.

For more information on Santa Cruz County's real estate market, mortgage rates, and available homes for sale,
download a copy of our latest newsletter.  Click here >> .


If you would like to contact me about your current Santa Cruz County real estate
listing or future real estate needs, please call or email me at:

Bill Tershy, Santa Cruz Realtor

1041 41st Ave., Santa Cruz, CA  95062

email: bill@SantaCruzRE.com
phone: (831) 423-SOLD (7653) or  (888) 299-7653


 
American Dream Realty and Bill Tershy - Your Santa Cruz County Real Estate Specialists

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