Local Real Estate June 15, 2022

Santa Cruz ☀️ Real Estate Market Update – May 2022

So what’s happening here in our Santa Cruz Real Estate Market? Everyone wants to
know. Will the market slow down and how should inflation affect my decision? It can be so confusing with all the news whether it be positive or negative or what the best choice to make is for your family. I totally understand, I’m in the industry for years and I can help you navigate this market.
Let’s look at the data of what’s happening so that you can make an educated decision. First off, according to all of the experts, we are in a strong sellers market and home prices are expected to continue to rise. So let’s see what inventory levels are doing here locally. Is it a good time to sell here in Santa Cruz California? Well, let’s look at what happened recently.
In Santa Cruz we currently at the time of this video we have 30 homes that are active. The average time to sell is only 8 days and homes are getting 113% of the list price. Now you may be wondering if it’s a good time to sell on the Westside of Santa Cruz. On the Westside, we have only 6 active single family homes on the market and in April 30 homes were sold. So here in Santa Cruz we have very low inventory and strong buyer demand.
It’s a great time to sell as we are consistently experiencing bidding wars and homes being sold above list price. Feel free to reach out to me at no cost or risk for a hassle-free strategy session. I’m looking forward to hearing from you and as always Maya Crelan Ray here, and I hope you have a great day!!!