Santa Cruz Real Estate Market Comparison Report (february 2009 Vs. February 2010)

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 show 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.

Lets 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.

for viewing the latest market inventory

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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.

by: Shaye P

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