Things are really starting to heat back up ?
Here is this week's Santa Cruz County's real estate update. Each week during this current SIP (shelter in place) and COVID-19 pandemic, I will be providing an update. Why? Because this is a fluid situation, that is new to everyone, and things are changing almost daily. Let's stay informed!
I've put together some graphics to illustrate comparisons. I've broken down the last 4 weeks, and then highlighted the last week. So, let's compare whats been going on in real estate over the past several weeks. Have there been changes since the COVID-19 outbreak ? If so, what does that look like? The things to look out for would be drastic changes in price reductions, transactions falling through, and removed listings. What do you notice?
For reference: "TFT" means "transaction fallen through" or canceled escrow. "C/W/E" translates to Canceled, Withdrawn or Expired listings, meaning removed from the market.
MARKET SNAPSHOT
Note the Santa Cruz County median sale price last month was $949,000, and at this time last year total listings that went into contract or sold in the same week was also 120 and new listings added were 63 ( this week was 68).
What stands out to you?
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Kaelin Wagnermarsh
Realtor DRE 01945819
eXp Realty of CA
