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

Summary of Key Points

Santa Cruz Real Estate has shown good signs of improvement with median sales price climbing up,median days on market dropping down  and sellers receiving 97% of asking price as compared to 94% last year.

Key Statistics,Santa Cruz,CA: Median Sales Price (22.27%), Median Days on Market (-54.83%), and Number of Units Sold (-22.86%), Sales Price to List Price Ratio (March 09 94% - March 10 97%)

Santa Cruz Real Estate

The city of Santa Cruz experienced a 22.27% increase in median sales price from last year going up from $582,686 (March 09) to $712,426 (March 2010). Median days on market data for Santa Cruz show that houses are selling faster than March 09. It took 124 days in March 09 for a house to sell and for March 10 that number has gone down to 56 days (a 54.83% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 35 units were sold compared to 27 for March 10 (-22.86% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Santa Cruz. SP/LP ratio for March 09 was 94% compared to 97% for March 10.

Let’s take a brief look at neighbors Morgan Hill and Los Gatos. Morgan Hill Real Estate featured a 10.27% increase in median sales price ($540,077 March 09 - $595,550 March 10) and Los Gatos Real Estate saw a 32.97% increase ($938,911 March 09 - $1,248,427 March 10). Are houses in Morgan Hill and Los Gatos selling faster or slower this year? Well, Morgan Hill experienced a 44.60% decrease (138 to 76 days) in median days on market and Los Gatos a 17.86% decrease (71 to 58 days). In the units sold category, Morgan Hill sold 24 units less (-54.55%) in March 2010 than 09 and Los Gatos sold 5 units more (21.74%) in March 2010 than March 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

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

Access the PreQual Affordability Mortgage Calculator now.

---

Add this page to your favorite Social Bookmarking websites