Santa Cruz Real Estate Market Report - Santa Cruz, California

News for Santa Cruz, CA - Friday March 19th, 2010 11:26am
The Santa Cruz real estate market has been active in many price points. The usual low end, sub $500,000 market is active with the good properties going relatively quickly. Particularly nicely done homes are generating multiple offers. We are seeing condo's also get snapped up as the make sense particularly for first time Santa Cruz home buyers. I have been also working with buyers looking for a condo for their kids while they go to UCSC.

The higher end market is coming alive with a span of about two weeks
several 2 million dollar plus homes going under contract. With so much activity, the people who have been sitting on their hands thinking doom and gloom as the media portrays the market is a different one than they are seeing. Maybe it is just my www.cacoastalhome.com site because it is so new or the www.santa-cruz-realestate.comsite that is attracting international visitors, but Santa Cruz seems to be of interest to buyers. In other areas, things are moving as well, with certain market having virtually no inventory. Give me a call at 831-818-7524 to help you with your Rio Del Mar beach real estate needs. ... [ + Read Full Article ]

News for Santa Cruz, CA - Friday September 18th, 2009 12:26pm
The Santa Cruz real estate market has been heating up. While things are active particularly on the west side Santa Cruz area, and even in Live Oak, the pistol hot market is really the Watsonville region. Those folks really get it that this is a great opportunity to buy.

Now while the Watsonville Real estate market is completely different in so many ways from the Rio Del Mar or Capitola real estate market, nevertheless it has had a mad rush for properties. There are virtually no properties available for sale, which should portend rising prices unless there is alot of foreclosed properties being held off the market.

The Capitola home market is seeing activity and that is in part by vacationers enjoying the lovely Capitola Art & Wine Festival this past Labor Day Weekend. The weather was great for vacationers and everyone had fun. The difference with this market and Rio Del Mar beach home market is that they are influenced by people coming to vacation or retire as well as the normal folks like you and I living here. The Watsonville home market is more of a working class market and it is very affordable for that market sector.

If you are thinking you should get out there and buy, the time is now as the interest rates and upward pressure are sure to change the market. You can search for homes or to learn more about the Santa Cruz housing market visit my other site. Call me for help at 831-818-7524.

Thanks, Gregg

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News for Santa Cruz, CA - Sunday June 14th, 2009 4:39pm
The Santa Cruz housing market has gotten many people excited. The inventory is good, though the levels are dipping, which could portend price increases and short market times. Currently we are seeing multiple offers on many homes in the sub $600,000 market particularly those that are bank properties or well priced homes.

The above 1 million dollar market is also getting active with more traffic and properties going into contract. I think we shall see a more normal market occur. Many buyers are frustrated by being beat out on their offers when they thought it was a poor market. Quite the contrary as many have moved out of their fear cocoon and are looking to cash in on this nexus of low prices, good selection and good interest rates.

I suspect raising interest rates will slow the market as the lending guidelines are much stricter and the appraisal issue has started to be problematic. Rates are still mid 5's and are historically very good rates that one should lock in for 30 years.

The Rio Del Mar beach home market is seeing activity as one might expect. The Rio Del Mar ocean view condos on the market have mostly all been sold in a short timeframe. Aah, summer is here and that is what beings people to the Capitola Beach as well as the Santa Cruz beach boardwalk. To find which areas are interesting for you go to www.propertyinsantacruz.com and search around for the best deals on Santa Cruz bank owned and short sale homes... [ + Read Full Article ]