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Winter 2012 Market Update
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% |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Multiple Offers? | No |
| 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 |
Scotts Valley Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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