5 new real estate properties in Santa Cruz, California have been added to Ofirio in the last 7 days.
Of those new properties:
Santa Cruz, California has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 1% lower than than the list price. The demand for luxury real estate is higher than the demand for “Under $200k” real estate by 1%. Homes in Santa Cruz, California are on the market for 63 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the Luxury segment and it is 82% ($300,750) more than the week prior.
The average closing price for real estate in Santa Cruz California has fallen by 25% from the last week, which amounted to $1,135,658.
As of December 2022 Santa Cruz, CA is a seller market which means homes sell faster at a higher price. In December 2022, 8 homes (13.1%) sold at asking price, 29 homes (47.5%) sold below asking price, and 24 homes (39.3%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 18.2% from $1,100,000 in December 2021 to $1,300,000 in December 2022. The number of homes sold in Santa Cruz, CA has decreased by 35.2% over the last year from 88 in December 2021 to 57 homes in December 2022.
Homes in Santa Cruz, CA have sold for 24.7% more per ft² than they did a year ago. As of December 2022 the average price per square foot is $887.