Santa Cruz and Monterey Counties Housing Stats are here, hot off the press. (Includes Santa Cruz, Aptos, Watsonville, La Selva Beach)
As normal, the local housing market appears to be going through the seasonal slow down. The median prices are still better than 2012 for both the single family residence and condos/townhomes. However, the market statistics seem to relay that the single family market is softening.
Compared to 2012, Monterey County is showing 17% less inventory. Santa Cruz is down 7%. Days on market are less than 2012 as well.
Due to the government shut down, buyers are choosing lenders with the capacity to approve and fund loans without government approval. If you need a lender that is able to fund without government approval, contact me for a list of highly recommended local lenders.
What does that mean to you as a Seller? We need you now! Inventory is low. If you were not able to sell in the past few years due to owing more money than the market priced your home, call me and get a Highest Price Analysis. Many sellers find that the market has increased enough that they now have the equity to sell and make money.
What does that mean to you as a Buyer? The prices are stabilizing and the interest rates are still low. There are not many homes to choose between, but the multiple offer buying frenzy has slowed down dramatically so you can buy with a calmness that was not there before. Call and get my free eBook on “Tips for the Smart Homebuyer.”
For additional statistics, contact me.