Local Real Estate February 10, 2023

Santa Cruz Real Estate Market Update – December 2022

Hello, Santa Cruz, I’m Maya Crelan Ray withD David Lyng Real Estate. As we enter the last month of 2022, I want to break down what’s happening in the Santa Cruz real estate market so that you can make the best decision on 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 65 active listings, 18 homes pending, and 20 homes that were sold in the month of November. Homes sold for an average of $1.664million and were on the market an average of 22 days. On the Westside of Santa Cruz, we have 12 active homes on the market, with 5 pending and 8 homes sold in November. The average sale price was $1.775 million after spending 27 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. These numbers are drastically different than last year, especially the days on market. But the good news is that I’ve noticed a very common trend over the years. The number of active homes on the market tends to decline during the Holidays. Typically if you want to sell, getting your home active on the market as close to January 4th as possible, after the holidays, will be advantageous to you as a seller. The longer you wait from that date, we see more homes creeping back on the market, which will mean more competition for you if you’re selling. And, generally, more buyers are looking after the holidays. 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 the correct information to strategize the best course of action for you and your home. Thanks for watching; and have a wonderful day.