Santa Cruz Real Estate Blog

Real Estate Market Report for Santa Cruz 95066

Santa Cruz real estate market

As of November 2021 in the Santa Cruz real estate market or ZIP Code 95066, the median sales price is currently at $1.63 million with 11 closed sales for the month of November. Average days of the market is just 10 with a percentage of list price received at 102%. This means on average most sellers received 102% over asking price for the sale of their home.

Compared to last month, there were 15 closed sales and a year ago were 20, so we are definitely seeing fewer homes on the market. This doesn't mean that fewer homes are selling because of the days of the market. A year ago it was 10, last month it was 14, and this month it is 10, meaning that there are just not that many homes for. 12 new listings were all that came on the market in November, eight last month and 15 a year ago. The percentage of list price received has remained at 102% over the last year. The average price per square foot, however, has gone up dramatically. One year ago was $584 and today it is $753.

For more information on homes for sale in Santa Cruz or real estate market stats and staying updated with the latest real estate news for our area, contact my office below or stay tuned to my blog.

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Pacific Grove Market Report October 2021

Pacific Grove Market Report October 2021

In the Pacific Grove real estate market there were 13 closed sales in October 2021. This is 24% down from 17 sales the month before. This is driven up the median sales price as well which was a 27% increase from $1.3 million in September to $1,650,000 in October. The days on the market rose to 16 from just 10 in September. On average, sellers in the Pacific Grove and the 93950 ZIP Code received 100% of their asking price in October compared 102% in September. A year ago, there were 23 closed sales with the median sales price of $1 million. There were 22 new listings and an average price per square foot at $907, which compares to this month or October which is $1115 per square foot.

It's important to navigate the current real estate market, which means paying attention to different statistics. As a Pacific Grove real estate expert, it is my duty and my job to pay attention to the slight inflections and changes to the real estate market. This helps us know when to buy, at what price to sell. It also helps to know when to sell and list the property. Selling different times of the day or the month can definitely affect prices and is important to find that sweet spot before listing or selling a property.

It's also important to find that sweet spot when buying. Homes are flying off the market and with an average days on the market of just 16, homes are selling rapidly, which means that buyers need to be preapproved and ready to go before listing. Sellers also should have a pre-inspection done, which ensures that buyers probably won't get their own home inspection speeding along the entire process.

For more information on...

Zip Code Market Report for 95060 October 2021

Zip Code Market Report for 95060 October 2021

Here's what's happening in the Santa Cruz real estate market for ZIP Code 95060.

For Santa Cruz, there were 20 closed sales in October 2021. The median sales price was $1.55 million with an average days on the market of just 11. Santa Cruz is definitely the faster-selling community over neighboring Carmel which only had a percentage of list price received at 98% whereas Santa Cruz had a percentage of list price received 103%. Homes are still flying off the market in this community. The 20 homes that were sold in October is up 5% from the 19 sales the month before. Median sales price also showed a 19% increase from just 1.3 million in September to 1.55 million in October. The average days of the market dropped to 11 from 13 in September and the average seller received 103% of their asking price in October versus the month before.

It's important to successfully navigate the current market, which means paying attention to key market statistics. This report shows an up-to-date snapshot in order to set your expectations while also defining trends by a one-year craft so that you can make more informed decisions about your transaction.

If you're looking to buy or sell a home in the Santa Cruz real estate market, feel free to contact me below. As an avid and consistent full-time real estate professional in the Santa Cruz area, knowing the market is key to know when to sell, not to overpay for a home, and how to price accordingly.

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October 2021 Real Estate Market for 93921

Housing market october for 93921

Let's see what the market is done in Carmel California for the month of October 2021. The median sale price was $2,054,000 with four closed sales with an average of 23 days on the market. Homeowners received 98% of their list price received. Days in the market is up by three over September 2021 and a year ago, properties were selling at an average of just seven days. There've been five new listings where there were only two last month but 11 last year at this time.

One year ago, the average percentage of list price received was at 102% so we are seeing a slight drop in the list price received percentage. The average price per square foot is at 1957 which is definitely up from last month and last year. However, with just a couple of new listings and a few souls, this number is greatly skewed. However, we can compare this to last year at $1547 per square foot versus this year, which is definitely gone up.

If you're considering buying or selling in the Carmel California real estate market, these numbers can be helpful to know when the list of how to list, and what the trajectory is doing. For more specific numbers on what your Carmel home is worth, contact my office below.

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What Does $1,000,000 Get You in Santa Cruz?

$1 million might not go as far as it used to but that's not so much a surprise in the California market. People are moving out of the big cities such as LA, San Diego, and San Francisco into smaller suburbs, especially those looking for a more laid-back lifestyle, specifically along the water. This is why places like Santa Cruz, Davenport, Live Oak and Rio Del Mar becoming so popular.What Does $1,000,000 Get You in Santa Cruz

Santa Cruz spreads out along the coastline to places like Pleasure Point, Opal Cliffs, and Capitola, all offering similar real estate markets and homes. Here's which are likely to get for $1 million in the Santa Cruz real estate market.

$965,000

Townhouse in Santa Cruz – almost 1500 ft.², two-bedroom and 2 1/2 bath, updated, and one of only 10 townhouses in this convenient and private corner of downtown. It was built in 1990 Tennessee multiple upgrades. This move-in-ready home also has homeowner association dues of about $358. When looking at a townhouse, you do have those HOA fees which will cover common area maintenance, building maintenance, management, and possible amenities. HOA fees may also cover certain utilities.

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What Is The Crime Rate In Santa Cruz

What Is The Crime Rate In Santa Cruz

A fairly common and important fact to research when considering a new place to live is the crime rate. This is especially important if you are moving with a family that has little ones and you want to ensure they are growing up in a safe neighborhood. No need to sugar coat it; you want to know and here's the truth.

Santa Cruz has a slightly higher crime rate than the average US city. This only applies to the proper boundaries. The rate of crime is 39 per 1,000 residents in one year. The northern part of Santa Cruz is considered to be the safest.

Your chance of being a victim of a crime is 1 in 13 in the northwest neighborhoods or as low as 1 in 40 in the north part of the city. You can determine this information by looking at a crime map. When you are looking at a crime map you want to remember that the rate of crime may appear inflated due to people visiting the area during the day. This is all dependent on the retail establishments and how busy the central part of a city is. If a city includes airports, parks, or schools, there is almost always a higher crime rate, especially if it is in a more metropolitan or lower-income area.

Crimes that are commonly seen in Santa Cruz are assault and robbery when it comes to violence crimes. You can also note that there is theft, vehicle theft, and burglary. In 2020, the crime rate in Santa Cruz fell from the previous year and this trend seems to be showing positive growth in that area.

The decrease in these crimes was mainly in the more violent crimes. The Santa...

What Is Unique About The Mission In Santa Cruz?

The Santa Cruz Mission is formerly a Spanish mission located in Santa Cruz, CA. This mission was the 12th mission out of the 21 California Missions. It is the only mission not named after a person. Santa Crux means Sacred Cross, which is an important symbol in the Roman Catholic Church.What Is Unique About The Mission In Santa Cruz?

The mission was founded on August 28, 1791, and is named for the Exaltation of the Holy Cross of Christianity. It is in the bluff in the city of Santa Cruz near the San Lorenzo River. Where it is located is now called the Santa Cruz Mission State Historic Park.  It features a structure with a water fountain and park grounds. This is located in a large residential area.

The mission is actually the second mission built because the first one was flooded and forced Father Lasuen to relocate to higher ground. The new mission became known as the Hard Luck Mission because the disease had swept through the area that wiped out about half of the population in the area. We often view missions as peaceful and tranquil grounds, but oftentimes we don't know the historical past of the grounds. 

There is a garden behind the mission and the original hand-carved baptismal front that was once located in the sanctuary is in the garden. The garden produces goods such as wheat, barley, corn, beans, peas, lentils. There is also an oil painting of the Virgen de Guadalupe that is from 1797.  The chapel is smaller and inviting for baptisms and small weddings.

One of the popular viewing points...

What is famous about Santa Cruz?

Known for its beautiful and expansive beaches along with its surf and laid-back culture, Santa Cruz is a dream place to settle down and a vacation destination. The land and area known as Santa Cruz was founded in 1769 by Spanish explorer Don Gaspar. He called the area Santa Cruz which means holy cross. The famous mission at Santa Cruz was established in 1791 and was founded by the Spanish as one of the civil settlements or pueblos in California.What is Famous About Santa Cruz?

Santa Cruz is known as a beach town with one of the most touristy spots as the boardwalk and fishing pier. Besides the seaside scenery, there is so much more to this beautiful area. There is a historical mission and a quaint downtown. It is close to Monterey Bay and also boasts of ocean views. There is a huge marine environment to view as they play in the deep blue waters.

Surfers can often catch a glimpse of marine life. Santa Cruz is known for its outdoor activities with coastal hiking trails. You can find hiking trails in most places, but not coastal hiking trails. The best are found in Wilder Ranch State Park. This park is known for its beautiful hummingbirds and access to the Santa Cruz Arboretum and Botanical Garden.

The cultural lifestyle is what attracts many to Santa Cruz.

There are Shakespeare performances, surfing museums, and the historical mission that you can visit and attend. The boardwalk activities include all the summertime fun you can imagine such as rides, games, attractions, bike riding, painting, and fishing. What you probably didn't know about Santa Cruz is that it is the birthplace of mainland surfing. This is where they used surfing boards that were made from redwood planks....

Engineered ‘mini’ CRISPR Genome Editing System Developed

The common analogy for CRISPR gene editing is that it works like molecular scissors, cutting out select sections of DNA. Stanley Qi, assistant professor of bioengineering at Stanford University, likes that analogy, but he thinks it's time to reimagine CRISPR as a Swiss Army knife.

Crispr, Genetic, Scissors, Dna, Biology, Science"CRISPR can be as simple as a cutter, or more advanced as a regulator, an editor, a labeler or imager. Many applications are emerging from this exciting field," said Qi, who is also an assistant professor of chemical and systems biology in the Stanford School of Medicine and a Stanford ChEM-H institute scholar.

The many different CRISPR systems in use or being clinically tested for gene therapy of diseases in the eye, liver and brain, however, remain limited in their scope because they all suffer from the same flaw: they're too large and, therefore, too hard to deliver into cells, tissues or living organisms.

In a paper published Sept. 3 in Molecular Cell, Qi and his collaborators announce what they believe is a major step forward for CRISPR: An efficient, multi-purpose, mini CRISPR system. Whereas the commonly used CRISPR systems -- with names like Cas9 and Cas12a denoting various versions of CRISPR-associated (Cas) proteins -- are made of about 1000 to 1500 amino acids, their "CasMINI" has 529.

The researchers confirmed in experiments that CasMINI could delete, activate and edit genetic code just like...

Leaky Sewers - Likely Responsible for Large Amounts of Medications in Streams

Many of the Monterey Bay cities have started addressing groundwater contamination. As a Monterey Real Estate broker, we have to get these inspections done as part of a sale in most cases. These inspections and repairs are often required as a condition of sale for single family homes and sometimes townhomes. Condominiums are often exempt for individual owners. If there's a leak or break in the pipes, those will need to be repaired, typically by the seller. The main sewer lines in question are between the home and the sewer main in the street. Oftentimes the yard has to be dug up, or if the connection at the main is faulty, the street. This can be expensive due to traffic mitigation and the depths sometimes of these connections. 

These leaking sewer pipe issues can be from the old clay or transite pipes that were used and having joint separations, to plastic lines that tree roots have invaded the couplings. Some plumbing companies pull in completely new single piece polyethylene that is then put in the line of the old faulty line. This "trenchless" style is the least disruptive of landscaping and walkways. A single line with no joints to separate or for trees to get their roots in is probably the best long term solution in my estimation. 

Typically these inspections are up to $350 to do with the camera, though some are free. That video file is sent to the appropriate jurisdiction and the public works personnel then directs what they think needs to be done to bring the pipe into compliance. It had been my belief the offending issues were more fecal matter contamination, but as you can see, quite a few drugs are causing potentially a much greater and more disruptive issue in the ecosystem. Fecal matter has always been a part of nature but these drugs have not.

The 2021 infrastructure bill may not address this...

Blocked Summertime Noises Using These Simple Techniques

I tried a variety of noise-cancelling devices, including white-noise makers, ear plugs, and noise-canceling headphones, but none of them seemed to work. 

BUILDING WORK

When dealing with extremely loud noises such as construction or road construction, you should start by lowering the decibels. When jackhammers and electrical saws cause your ears to become damaged, full, The Best White Noise Machineor ring, the noise is simply too loud and may be harming your hearing.

According to Sam Nicolino, the engineer who invented the white-noise devices LectroFan EVO and Sound+Sleep, the moderate rhythms of the white-noise machine should fill the room rather than sit in a nook.

READ MORE:

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Foreclosure: Right of First Refusal Following Trustee's Sale of One to Four Single Family Property

Foreclosure: Tenant's, prospective owner-occupants and non-profit's right of first refusal following trustee's sale of one to four single family property. No bundling of such properties at a trustee's sale.

First, this law grants tenants, prospective owner-occupants, nonprofit affordable housing providers, community land trusts, limited-equity housing cooperatives, and public entities a 45-day window to purchase residential property through foreclosure if they can match (in the case of tenants) or exceed (in the case of other purchasers) the last and highest bid made on residential one to four single-family homes at the foreclosure auction.  Second, this law prohibits sales of bundled properties at foreclusure auctions. Third, it increases local govenments' authority to assess fines on owners of blighted propeerties acquired at foreclosure sales.

C.A.R opposed this law as it creates a complicated and lengthy bidding and foreclosure sale process, causing uncertainty within the foreclosure transaction process.

This Law:

1) Forbids a foreclosure trustee from bundling properties for sale at a foreclosure auction, instead requiring that each property be bid on separately.

2) Provides an eligible bidder 45 days after a home foreclosure auction to make an offer for the home that exceeds the highest bid.  Defines "eligible bidder" to include: a) A tenant in the home, a prospective owner-occupant, or a nonprofit in which a propective owner-occupant or eligible tenant is a voting member or director. b) An eligible nonprofit based in California whose primary activity is developing and preserving affordable rental housing, a limited partnership for which an eligible nonprofit is the managing general partner; or a limited liability company in which eligible nonprofit corporation is the managing member. c) A community land trust or a limited-equity housing cooperative. d) The state, the University of California, a county, city, distruct, public authority,...

Community Water System Exemption - Senate Bill 974

Water: Community Water System Exemption

Senate Bill 974: California Environmental Quality Act: Small Disadvantaged Community Water System: Exemption - This measure will help impacted communities gain access to clean and safe drinking water.  This bill offers a modest but important exemption to very limited community water supply projects that will help certain residents obtain clean and reliable water. C.A.R. supported this measure as it will provide an exemption in CEQA to help expedite small community water projects.

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Ways to Make Aging-in-Place Upgrades that Won't Impact Home Value

It is not uncommon for homeowners to want to remain in their homes as they enter into their golden years. In some cases, this may require some home renovations or adjustments to make the home more easily accessible. But special renovations like these can make the home more difficult to sell should you ever decide you would like to because the home is full of items that would be useful to a small set of potential buyers.Ways to Make Aging-in-Place Upgrades that Won't Impact Home Value

There is a way that you can make your home ready for aging in place without taking away from its value or appeal of it. Here are some aging-in-place adjustments that can be made to a home that will help it to retain its value or may make it even more valuable and appealing.

Temporary Ramps and Railings

Sticking with temporary ramps and railings as opposed to permanently affixed ones is a much better and more cost-effective way to go. In the event of selling the home they can be easily removed. You can even rent one of these for a short period of time for less than the cost to purchase. Adding landscaping and shrubs to partially obscure the fixture will help to enhance aesthetics as well.

Choose to Utilize Only One Floor

Instead of installing an expensive stair lift to upper floors that will have to be removed by new homeowners that will not need it, consider putting the investment towards addition to the home that will increase its value or simply adjusting the way you use your home to use just one floor of the home for most of your daily needs.

Adding a first-floor master suite will allow you to have one-level living while adding a significant amount of value to the home as opposed to deterring some buyers when they see a...

Exemption from Reassessment Retained for Rebuilt Property Destroyed by Disaster up to 120% of Value of Original

In a Governor-declared disaster an exemption from reassessment will be retained for reconstructed improvements which are comparable to the improvement replaced if similar in size, utility, and function and within 120% of value of original property.

This law allows owners of property substantially damaged or destroyed in a Governor-declared disaster to reconstruct comparable improvements onsite with a return to the former improvement's base year value.  While existing law effectively allows this in a form of a new construction exclusion, this law adds a new provision specific to post-disaster reconstruction following a Governor-recognized event and allows a more generous comparability definition.  Specifically, it defines the term "comparable" using the same 120% definistion used when a victim of a major disaster decides to reconstruct replacement property on site of the damaged property.  Under this definition, reconstructed improvements will be found comparable to the improvement replaced if similar in size, utility, and function and withing 120% of value.  This law applies to real property damaged or destroyed by misfortune or calamity on or after January 1, 2017.

Assembly Bill 2013 is codified as Tax and Revenue Section 70.5. Effective January 1, 2021.

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Favorite Hotspots in Pacific Grove California

Ever wanted to escape your stressful life or wanted a getaway for your family? Then, Charming Pacific Grove is the place to go. This article features a few and must-visit hotspots in Pacific Grove, California, where you can have real fun if you happen to visit.

Asilomar State BeachFavorite Hotspots in Pacific Grove California

Asilomar State Beach is a beach with dunes, beautiful scenery, over 100 acres of forest, and stunning ocean landscapes. Its name is the beach, A Refuge by the Sea, as it is situated within the scenic and fantastic town of Pacific Grove. The beach offers comfy cottages and lodges for visitors. It also provides a beautiful view of sunset hence providing an unforgettable escape from the daily demands of life.

Wild Fish

Pacific Grove has more to offer than the scenery. Wild Fish, located a few blocks from Monterey Bay, offers natural 100% organic and imaginatively prepared seafood with an ever-changing menu sourced by the local farmers and fishers. The food is fresh, exactly what the locals want, making it an attractive neighborhood destination. So, reserve your space now and get the best from Wild Fish.

Monarch Butterfly Sanctuary

If you plan to visit Pacific Grove in October, Monarch Butterfly Sanctuary is a place to stop. In October, Butterflies cluster together on pines, cypress, and eucalyptus trees. It has been nicknamed "Butterfly Town," The community welcomes and advocates...

Current Homes for Sale
Santa Cruz County
City # Price Range
Aptos Homes 74 $400k - $9.9m
Capitola Homes 26 $250k - $1.9m
Rio Del Mar / Seascape Homes 37 $450k - $9.9m
Santa Cruz Events 174 $125k - $30.0m
Santa Cruz Homes 174 $125k - $30.0m
Santa Cruz Real Estate 174 $125k - $30.0m
Monterey County
City # Price Range
$0-$300000 220 $132k - $28.5m
Alta Mesa-Monterey 220 $132k - $28.5m
Big Sur Homes 6 $2.0m - $35.0m
Carmel Homes 120 $275k - $32.5m
Fishermans Flats 220 $132k - $28.5m
Glenwood Circle Monterey 220 $132k - $28.5m
Mar Vista Neighborhood Monterey 220 $132k - $28.5m
Monterey Homes For Sale 220 $132k - $28.5m
Oak Grove Monterey 220 $132k - $28.5m
Old Town Monterey 220 $132k - $28.5m
Pebble Beach Homes 33 $975k - $25.0m
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