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
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May 2020 vs May 2019 Real Estate Market Data for Single Family Homes
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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.
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Compare:
Feb.-March 2020 Market Data
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Pricing showed gains in May 2020 amidst the negative effects of the pandemic. Monterey, one of the three counties that showed gains has 2% year-over-year increase in median price.
READ MORE May 2020 vs May 2019 Data for MLSListings Counties (from North to South):
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With 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...
