We analyze several housing market indicators in order to present an in-depth breakdown of Santa Cruz Real Estate Market comparing February 2009 to February 2010.

Summary of Key Points

Santa Cruz Real Estate has shown marginal signs of improvement.Numbers of units sold increased.Sellers received 98 % of asking price and median days on market went down by 51.47% indicating quick inventory turnover.However median price dropped by 10.8%.

Key Statistics, Santa Cruz, CA: Median Sales Price (-10.80%), Median Days on Market (-51.47%), and Number of Units Sold (24.00%), Sales Price to List Price Ratio (Feb 09 95% - Feb 10 98%)

Santa Cruz Real Estate

The city of Santa Cruz experienced an 10.80% decrease in median sales price from last year going down from $636,660 (Feb. 09) to $567,927 (Feb. 2010). Median days on market data for Santa Cruz shows that houses are selling faster than Feb 09. It took 135 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 65 days (a 51.47% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 25 units were sold compared to 31 for Feb 10 (24.00% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Santa Cruz. SP/LP ratio for Feb 09 was 95% compared to 98% for Feb 10.

Let’s take a brief look at neighbors Morgan Hill and Los Gatos.  Morgan Hill Real Estate featured a 1.88% decrease in median sales price ($565,854 Feb 09 - $555,232 Feb 10) and Los Gatos Real Estate saw a 1.87% increase ($1,094,772 Feb 09 - $1,115,223 Feb 10). Are houses in Morgan Hill and Los Gatos selling faster or slower this year? Well, Morgan Hill experienced a 53.29% decrease (162 to 76 days) in median days on market and Los Gatos saw an 11.25% decrease (112 to 99 days). In the units sold category, Morgan Hill sold 3 units more (10.71%) in Feb 2010 than 09 and Los Gatos sold 2 units more (11.11%) in Feb 2010 than Feb 09.

Consult latest research and find Homes in all major cities in California including Santa Cruz Real Estate, Morgan Hill Real Estate, Los Gatos Real Estate.

You can also access Santa Cruz Real Estate for viewing the latest market inventory

• Homes for sale for MLS Search,
• Bank REO / Short Sale Search
• Foreclosure Search ( Outside MLS)
• Just Listed Properties
• Income Properties (1-4 units)
• Condo searches
• New Construction Homes

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