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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Aptos. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 831-247-0922
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| Average Home Price | $625,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $600,000 - $649,000 |
| Worst Selling Price Range | $900,000 - $949,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Aptos is | Increasing |
| Seller Activity for the past 90 days in Aptos is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | There are quite a few highly apprised buyers in the market today, so if a property is priced well below it’s market value it will unquestionably have the price driven up by multiple offers. Cash has been the king of the market recently, and it appears that quite a few investors are now back in the market. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is not easy, and will require stable employment, good income, and high credit scores...if you qualify under this criteria, financing is definitely available. |
| Housing Inventory | Limited Supply |
| Inventory Comments | Inventory levels are very low considering this is typically the time of year that the inventory is rising, and supply is building. There is definitely a shortage of good beach properties on the market, but that does not mean that I cannot find you the right property...on or off the market. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | There is always high demand for the beach market, especially for retirement. |
| Nearest Metro Area | Santa Cruz |
| Housing Hot Spots | Most cities within the Santa Cruz County area are considered |
| Average Sold Price | $625,000 - View Graph Trend |
Aptos Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Ben Strock
831-247-0922
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Ben Strock
Strock Real Estate
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 831-247-0922
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