Santa Cruz Real Estate Market Update – January 2023

Wanna know what’s happening in your local real estate market. What’s up Santa Cruz!! I’m Maya Crelan Ray with David Lyng Real Estate. As we enter the New Year, I want to break down what’s happening in the real estate market here in Santa Cruz so that you can make the best decision on probably one of your largest assets, which of course, is your home. Let’s look at what’s happening in Santa Cruz as a whole. At the time of this recording, there were 34 active single family home listings, 8 pending homes, and 32 homes that sold in December. Homes sold for an average of $1.33 Million dollars and were on the market an average of 28 days. On the Westside of Santa Cruz, we only have 8 active homes on the market, with 1 pending and 9 homes sold in December. The average sale price was $1.75 million dollars after spending 10 days on the market. While the market has slowed from what it was a year ago, inventory remains low which is keeping us in a strong sellers market. With the constant shifts, you need an experienced agent to help guide you through your next moves in real estate. Connect with me to get more information, and we can strategize what to do with your home. And again, I’m Maya Crelan Ray, thanks for watching and have a wonderful day!