Santa Cruz Market Update – April 2022

So what’s happening here in our Santa Cruz Real Estate Market. Everyone wants to
know. Are we seeing a housing bubble, and what should I do with my home? It can be so confusing with all the headlines, what the best choice to make is for your family. I totally understand, I’ve been an agent for over 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 real estate experts and advisors anytime you have inventory levels that are at 6 months of inventory or below, that we are in a seller’s market. It’s all about supply and demand, and when there is a limited supply like there
is right now, then the prices go up. 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.. In the month of March. In Santa Cruz we currently at the time of this video we have 28 homes that are active. The average days on market is only 9 days, and the average sale price is 110% of list price, which shows us we are in a strong seller’s market. 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 7 active homes on the market and in March homes were on average on the market for 9 days and getting 111% of list to sales price. Another strong seller’s market.
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 for a hassle-free strategy session. I’m looking forward to hearing from you. Maya Crelan Ray with David Lyng Real Estate and always I hope you have a great day.