Santa Cruz Real Estate Blog

Market Data Condo, Townhomes May 2020 vs April 2020

In Santa Cruz County, the median Residential Common Interest home cost $616,500 and sold in 19 days for 98% of the list price based on 26 sales in May 2020.

• Inventory was up 14% from April and up 20% from May 2019 with 130 homes available, compared to 108 homes last year.

• Average days on market (DOM) increased by 22 days from 26 to 48 days or 85%; median DOM went up by 8 days from the month before.

• Number of new listings for the month of May increased 61% over April and is up by 8% from May of last year.

• Closed sales increased 8% from April from 24 to 26, but was down -35% from May 2019.

In Monterey County, the median Residential Common Interest home cost $476,000 and sold in 37 days for 98% of the list price based on 12 sales in May 2020. Read More

market data condo_townhomes May 2020 vs April 2020

More Market Data Analysis Reports

May 2020 vs May 2019 Real Estate Market Data for Single Family Homes

...

May 2020 vs April 2020 Real Estate Market Data for Single Family Homes

Real Estate Market Data Pricing for Single Family Homes from April 2020 to May 2020.

In Monterey County, the median Single Family home cost $650,000 and sold in 18 days for 98% of the list price based on 90 sales in May 2020.

• Inventory rose 12% from April, but down -18% from May 2019 with 697 homes available, compared to 845 homes last year.

• The market slowed down - Average days on market (DOM) rose 12 days from 42 to 54 or 29%; median DOM increased by 7 days from the month before.

• Number of new listings for the month of May increased 64% over April and down -18% from May of last year.

• Closed sales dropped -32% from April from 132 to 90 and down -63% from May 2019.

real estate market data May 2020 - April 2020

Read More

Compare:

Feb.-March 2020 Market Data

...

Santa Cruz: The Place to Be To Work From Home

work from homeWith a prime location near to both Silicon Valley and San Francisco, Santa Cruz California is the perfect spot for the stay-at-home worker who wants to avoid the stresses of life in a metropolis while also being a part of an amazing community. First chartered as a city in 1876,it is now a tight-knit community with a perfect balance of exciting explorations and peaceful engagements. Having a home in Santa Cruz is ideal for anyone who wants to experience life to the fullest by themselves, with a significant other, or even with a family.

The options for people living in Santa Cruz are far and wide. With plentiful housing, it is an ideal place to start a family or just start out in general. There are a variety of educational options in the area with higher education at the University of California Santa Cruz and lower education ranging from Santa Cruz High School to a variety of elementary and early education options. This makes it the ideal place to build a family and just enjoy life in general, making it ideal to find a home in Santa Cruz.

As for tourism, the options are almost endless. Those in search of thrills can go to the Santa Cruz beach and Board Walk where there are a variety of amusements ranging from roller coasters to mini-golf. There is something for everyone. Neptune's Kingdom and Family Entertainment, just off of Santa Cruz Beach and the Wharf, is a great place to bring kids and family with plenty of smaller amusements like an 18-hole mini-golf...

Real Estate Returns VS. Stock Market Returns

real estate returnTruth be told, comparing historical stock market returns with real estate returns is an apple to oranges affair but it is still possible to get a general idea of how each one fared over a specific time-period through Exchange Traded Funds (ETFs) and their historical returns in asset value.

First, let us define what an ETF is:

An ETF is a security that holds and tracks a collection or group of securities (i.e., stocks). ETFs are listed on an exchange just like a stock and therefore trade just like stocks.

For this particular example, the following ETFs will be compared as they give a good indication of the overall results of the U.S. Stock Market and U.S. Real Estate over a 10-year period. :

  • S&P 500 ETF Total Return (SPY)
  • Vanguard Real Estate ETF Total Return (VNQ)

At the time of this writing, the 10-year average return for SPY was 11.39% while the average return during the same period for VNQ was 8.68%.

This, of course, does not include the dividend yield or even rent paid to the investor during the given period.

Again, measuring stock market returns to real estate investment returns does not give a clear indication of which one offers the investor a better absolute return but it does help to show that both their asset values do increase at a decent rate over time.

If there were a way that rental income could be averaged and factored in alongside real estate asset values during a given time frame, there would more than...

The Differences Between Real Estate and Stocks

So what differentiates stock investing from buying real estate?

buying investing real estate property in santa cruz

For one thing, stocks are usually the more popular investment because people with large or small budgets can invest in them.

On the other hand, investing in real estate requires a larger upfront payment, which most small-time investors do not have.

Some of the fundamental aspects of real estate investing are as follows:

  • Entails the purchase of physical land or property.
  • Rent can be collected for a steady income stream.
  • Investors can make money through property appreciation as well.
  • Purchased property can be leveraged to acquire more holdings.

The general particulars of stock investing are as follows:

  • Buying a stock of a company is buying a piece of that company.
  • Investors make money when the value of the stock increases.
  • Investors make money when companies pay out dividends (not all companies pay dividends).
  • Dividends may be reinvested to purchase more stock of a company and thus grow the initial investment further.

Even though stock investing has traditionally been the more popular investment vehicle when an investor purchases a piece of real estate they own a tangible asset. In other words, they own something concrete and not a piece of paper stating that they own part of a business they will most likely never have...

What's the Better Investment : Real Estate or Stocks?

stock marketAn investment portfolio of a mix of stocks and real estate is always ideal but what if owning both were not possible?

 What if you could only choose one of them and had to stick with it for the rest of your investing life?

 Which one would be the better choice?

 While stocks have been a traditional mainstay for investors for over two centuries within the U.S. - the New York Stock Exchange (NYSE) began in 1817 - many would-be investors have not considered the benefits of using real estate as an investment vehicle instead of just a place to lay one’s head.

 Real estate can offer lower risk, higher returns, and more diversification than stocks if invested correctly.

 That is not to say that stocks do not offer benefits to investors, it is just that real estate has many more practical applications that can translate into real-world value - value that a stock certificate can not achieve outside of the investment arena it is traded in.

 So, which one is the better investment vehicle?

 Each investor’s financial situation and goals are different which makes the final decision an individual one.

 However, sound investing information can go a long way to helping investors make a decision that is right for them.

 By no means is this article trying to negate investing in one asset class over the other. Its main objective is to ...

Coastal Regions Single-Family Homes Market 2020

Prior to the March 16 shelter-in-place (SIP) order, the first half of March was looking quite promising in terms of sales and prices. In fact, 3 counties (Monterey, San Mateo and Santa Clara) ended March with higher median prices than a year ago despite the SIP. Also telling was that Median Days on Market, a key indicator of demand and the overall speed of the market, dropped by more than 20% in all counties, and Santa Clara returned to single digit Median DOM (8 days). Similarly, the price paid for homes showed an increased premium compared to a year ago in San Mateo, Santa Clara and Santa Cruz where the average % of list price paid is 106% in Santa Clara and San Mateo and 101% in Santa Cruz.

market data 2020

market data 2020

...

Are Open Houses Worth Your Time?

open house in santa cruzReal estate and open houses: the ubiquitous pairing that may not be as necessary as you think. Open houses have been a staple of the real estate industry for decades. When a seller decides to list their home, naturally they wonder when the real estate agent will host the open house at their property.

During an open house event, the real estate agent welcomes the general public–and hopefully, potential buyers or buyer's agents–to view a home for sale. These events are typically held on the weekend for a few hours in the afternoon. 

Here’s the thing: a survey by HomeLight of leading real estate agents across the country found that 63% of them do not always recommend sellers have an open house.

The truth is with our modern marketing tools and the way today’s buyers view properties, we don't necessarily need an open house to woo buyers. 

What should an open house do?

An open house intends to let prospective buyers tour the home when the listing agent is present to answer any questions they may have. Marketing the open house is supposed to increase the home’s exposure. Busy open houses build a sense of excitement and demand, hopefully leading to a more attractive offer in an expedient time frame. While in some markets that’s a great way for a seller to get multiple offers, some buyers are turned off by high demand and decide not to make an offer when they see a highly trafficked open house.

What’s really happening at open houses

We know open houses...

What to Know About Roofing Your Home

Many people do not consider the roofs over their heads until calamity strikes and water is coming through the ceiling. A replacement roof, installed in a timely fashion, is vital for a home's wellbeing and value. Whether the inhabitants are considering selling or simply wanting a safe, dry environment in which to live for years to come, the roof is an essential consideration when it comes to upkeep.

Signs a Roof Needs Replacing

damage roofThe first place to check, when looking to see if a roof needs replacement, is looking at it from the street. If you see curling or missing shingles, shiny edges, then the next place to check is in the attic. Check for light entering in beams through the house's top. Stains and streaks on the wood in your attic can also signal a leaky roof. Also if you notice brown stains on your ceiling inside your home that could be a sign as well, and you might notice something is amiss there first. The next place to check is a home's improvement records. These may be found at the city or county building department. Different roof types last varying lengths of time; check to see that, for example, it has not been 20-25 years since an asphalt shingle roof has been installed or reshingled.

Replacement Options for Pitched Roofs

Asphalt Shingles

pitched roof houseThe most common of America's roofing materials, asphalt shingles are effective in every environmental condition. Because of the wide variety in the quality of shingles, check to see...

Top Benefits of A Home Warranty

When you purchase a home, there are various things you’ll want to understand about the entire process.  Learning about home insurance and home warranties are two areas to learn about, so you can make an informed decision about them before you settle into that new home.

What Is a Home Warranty?

importance of home warrantyMany people confuse a home warranty with homeowner’s insurance. However, they’re not the same thing. Homeowner’s insurance can cover your home in the case of major catastrophes like fire, water damage, hail, or property crimes. You’ll want to be sure you have homeowner’s insurance to cover the home and your valuables inside the home in the case of such events. With all the calamities that can afflict a homeowner from tornadoes, hurricanes, floods or fires, you’ll want to be clear with your insurance agent what is covered and what is not for your individual area.

A home warranty differs in that it’s a contract between you, the new homeowner, and a home warranty company that offers discounts for any future repairs on some of the home’s major mechanisms, that fail.  These may include the electrical system, furnace, plumping, and air conditioning. It can also cover large appliances and perhaps even swimming pools. A home warranty can be purchased by the seller while the home is on the market for coverage during that time if something should fail. For the protection of the buyer though, this is the coverage most often purchased for the benefit of the buyer.

Most ...

Young Writers Program Gala

Young Writers Program Gala

Dance Benefit Portuguese Hall

Friday, Feb. 21, 2020
6:00pm - 9:30pm
Portuguese Hall, Harvey West Park

Help fund the 2020-2021 writing publications and support Branciforte Middle School

Music by the Joint Chiefs, Silent Auction, Delicious Appetizers, Photo Booth, Poetry Readings, B40 Band, and Kids Corner.

young writers program gala dance benefit portuguese hall

...

2020 Home Design: Ways to Improve Your Home in the New Year

Happy 2020! May this year be one of your best yet!

2020 home designThere’s no greater time than to think about ways to improve your home this year. Whether you enjoy a modern, minimalistic, or classic chic look, the sky’s the limit with all the unique designs available
these days.

Need some inspiration for 2020 home design trends? Here’s several design themes to help you out:

Trending Interior Design

There are various mainstream interior design trends occurring at the moment. One is removing
color from the kitchen and getting back to stark white. Whoever said a bright kitchen must have
color hasn’t spent much time in a bright white kitchen with perhaps a splash of color here or there –
because it’s quite delightful.

Another interior 2020 home design trend is going back to the formal dining room. In an age where
many families are eating meals together on the couch, others are committed to renovating the
dining room and actually using it. In addition, adding bold colors to the laundry room, using unique
and creative toilets, and space maximization are trending.

Bold Geometric Forms

Also called “Neo-Deco”, getting back to bold geometric forms is getting a lot of applause. This
return to minimalistic design is not boring as some people may think. In fact, it’s quite exciting and
getting rave reviews. You’ll see a lot more use of recycled textiles, natural wood, and undyed yarns
in this design trend.

Small Space? No Problem!...

Most Popular Neighborhoods to Buy a Home in Santa Cruz

boardwalk propertyinsantacruz.comKnown for its boardwalk, stunning beaches, and natural forests, Santa Cruz truly offers something for everyone. Although the population is growing, the city is not yet overcrowded like Santa Monica or San Diego, making it a great choice for those interested in a more laid back beach town life. Here are some of the most popular neighborhoods to buy a home in Santa Cruz.

 Beach Hill

Those drawn to Victorian homes and the exciting admission-free Santa Cruz Beach Boardwalk may want to consider Beach Hill. Beach Hill isn’t the priciest of neighborhoods, but it has become quite popular over the years. The Boardwalk has been operating for more than a century, and the homes retain their historic charm while offering all the latest modern upgrades.  

 Seabright

If you’re looking for traditional bungalows tucked away in a hip neighborhood, consider Seabright. The neighborhood is known for its locally owned cafes and shops, along with a healthy nightlife scene, and Seabright Beach is just across the road. 

Woods Cove

The Woods Cove neighborhood of Santa Cruz is also known as Scotts Valley South. Homes are rather pricey in this...

Current Homes for Sale
Santa Cruz County
City # Price Range
Aptos Homes 137 $229k - $7.9m
Capitola Homes 65 $99k - $14.0m
Rio Del Mar / Seascape Homes 82 $415k - $6.7m
Santa Cruz Events 256 $25k - $17.0m
Santa Cruz Homes 256 $25k - $17.0m
Santa Cruz Real Estate 256 $25k - $17.0m
Monterey County
City # Price Range
$0-$300000 208 $209k - $6.1m
Alta Mesa-Monterey 208 $209k - $6.1m
Big Sur Homes 9 $1.3m - $6.0m
Carmel Homes 253 $15k - $24.5m
Fishermans Flats 208 $209k - $6.1m
Glenwood Circle Monterey 208 $209k - $6.1m
Monterey Homes For Sale 208 $209k - $6.1m
Oak Grove Monterey 208 $209k - $6.1m
Old Town Monterey 208 $209k - $6.1m
Pebble Beach Homes 78 $550k - $28.0m
New Listing

Email Alerts

Subscribe Today!
Why List

With Us?

Learn More!
What People

Are Saying

Recommendations!