July 2012 Santa Cruz Real Estate Market Statistics
It’s time once again for the Santa Cruz Market Trends Newsletter! The latest market numbers for June 2012 show the market moderating, with the median price coming in at $487,500 – this is down 8.3% from the year-ago median price of $537,500 and also down 3.7% from the May 2012 median home price of $517,500.
Not only was the median price down, but the unit volume was also down. In June 2012, 162 single-family residences closed escrow in Santa Cruz county – that’s down about 8% from the year ago number, when 174 units closed escrow in June 2011, and down a whopping 26% from the previous month, May 2012, when 216 homes closed escrow.
If you’ve been paying attention to what the national media is saying about the real estate market, you may have heard mention that a) prices are coming up and b) we have hit the bottom of the market. While both of those things may be true, what’s absolutely true is that now is the best time in over 5 years to sell your house in Santa Cruz. If you are thinking about selling any time in the near future, my advice is to strike while the iron is hot and get your property on the market ASAP.
To get the full newsletter, broken down by different areas of the county and also by Single Family Residences as well as Condominiums, click here to download the full the Santa Cruz Real Estate Market Trends newsletter.
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