Local Real Estate February 10, 2023

Santa Cruz Local Market Update – November 2022

Can you believe we are coming near the end of 2022? What a year it has been in terms of
market shifts and mortgage rates, yet owning a home is still the greatest asset most people will have and a goal most people want to achieve. Hi I’m Maya Crelan Ray with David Lyng Real Estate and I am here to breakdown what’s happening in the real estate market here in Santa Cruz so that you can make the best decision when it comes to probably one of your largest assets which of course is
your home. Let’s take a look at what’s happening in the City of Santa Cruz. At the time of this recording, there are 76 active single family home listings, 9 homes pending, and 39 homes that were sold in October. The Median price for homes sold in October was
$1.499 Million and were on the market an average of 33 days. On the Westside of Santa Cruz, 95060, we currently have 18 active single family homes on the market with 4 pending and 15 homes sold in October. The average sale price was $1.595 Million after spending 31 days on the market. So you can see, with the changing market it is no surprise to us that homes are staying on the market longer, while inventory remains tight. With the constant shifts, you need an experienced
agent to help guide you through your next moves in real estate. Connect with me today to get more information and we can strategize about what to do with your home. I’m Maya Crelan Ray, your Santa Cruz Realtor and thanks for watching.