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Summer 2010 Market Update
Market Commentary Provided byPaul Burdick The city is rural yet economically dynamic, providing access to recreational as well as employment opportunities. Residential development is a priority and locals take pride in the quality of life. Scotts Valley offers a mild coastal climate, a diverse and progressive educational system, easy access to Highway 17, and public transportation. The city is located near the Pacific Ocean as well as stunning coastal redwood forests and 11 state parks, providing residents with a wealth of recreational options. |
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| Average Home Price | $650,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 90-120 days |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Seller Activity for the past 90 days in Scotts Valley is? | |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |
| Is Financing Available For Qualified Buyers? | |
| Housing Inventory | Limited Supply |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Other |
| Housing Hot Spots | A peaceful valley located in the Santa Cruz Mountains between Santa Cruz and Santa Clara County, Scotts Valley provides some 12,000 real estate owners with a quiet community atmosphere combined with controlled but rapid growth. Scotts Valley real estate listings consist of condominiums, townhouses, single-family homes for sale, and land for custom building. Scotts Valley faces Monterey Bay and its beautiful, mountainous coastal setting is enhanced by the presence of majestic redwood and pine forests. The city is rural yet economically dynamic, providing access to recreational as well as employment opportunities. |
| Average Sold Price | $650,000 - View Graph Trend |
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Paul Burdick
Altera Real Estate |
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