Keller Williams Coastal Estates' Market Report

Santa Cruz, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Santa Cruz, CA

Tue May 26 2020
This week the median list price for Santa Cruz, CA is $1,305,000 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has held steady at or around 78. Click here to stay informed with the Santa Cruz market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Santa Cruz, CA

Tue May 26 2020
This week the median list price for Santa Cruz, CA is $1,305,000 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has held steady at or around 78. Click here to stay informed with the Santa Cruz market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Santa Cruz market.
Median List Price $1,305,000
Per Square Foot $767
Days on Market 71
Price Decreased 21%
Price Increased 1%
Relisted 8%
Inventory 78
Median Rent $3,600
Most Expensive $11,995,000
Least Expensive $649,000
Market Action 49
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,350,000 3,413 0.25 - 0.5 acre 4 4 21 2 1 157
$1,775,000 2,414 8,000 - 10,000 sqft 4 3 55 2 1 49
$1,193,250 1,818 0.25 - 0.5 acre 3 2 42 4 2 40
$862,000 1,161 4,500 - 6,500 sqft 3 2 58 8 5 40