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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Capitola. 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 | $825,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $750,000 - $799,000 |
| Worst Selling Price Range | $850,000 - $899,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Capitola is | Increasing |
| Seller Activity for the past 90 days in Capitola is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Multiple offer situations are 100% dependent on the listing price. There are enough buyers familiar with the pricing of homes in Capitola, that if a property is underpriced, the price will be driven up close to the market value. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is available for primary residences and second homes with 20% down for purchases under $781,000. If you are looking at investment property, down-payment percentages required will climb to between 25-35% down. |
| 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 | |
| Nearest Metro Area | Santa Cruz |
| Housing Hot Spots | Most coastal communities within the Santa Cruz County area are considered ’Housing Hotspots’ |
| Average Sold Price | $825,000 - View Graph Trend |
Capitola 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!
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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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