Right now, our local market is fickle. Many properties are getting multiple offers, but many are staying on the market longer. The median price is up 28% from last year, but down 1.5% from last month. Inventory is down from last year, but up from last month. Call me if you're thinking about buying or selling and we can discuss the market and timing (cell: 831.246.4663). Read the entire newsletter online here.
Prices and Sales, Single-Family Residences, Santa Cruz:
Prices and Sales, Single-Family Residences, Aptos:
| Trends At a Glance | Feb 2010 | Previous Month | Year-over-Year |
| Median Price | $492,500 | $500,000 (-1.5%) | $382,500 (+28.8%) |
| Average Price | $528,807 | $578,834 (-8.6%) | $483,843 (+9.3%) |
| No. of Sales | 84 | 90 (-6.7%) | 96 (-12.5%) |
| Pending Properties | 313 | 257 (+21.8%) | 223 (+40.4%) |
| Active | 519 | 470 (+10.4%) | 907 (-42.8%) |
| Sale vs. List Price | 97.3% | 98.8% (-1.5%) | 96.4% (+1.0%) |
| Days on Market | 87 | 71 (+23.5%) | 89 (-1.4%) |
Federal Program to Encourage Short Sales In a new approach to the foreclosure crisis starting April 5, the government's mortgage modification program will encourage home owners to sell at loss and offer $1,500 in "relocation assistance."
Read more > Home Owners Fight Property Tax Increases While municipalities try to replace falling revenue by raising property tax rates, home owners throughout the country are protesting their increased assessments.
Read more > Fewer Sellers Are Cutting Prices Bidding wars are emerging on lower end properties, according to Trulia.com.
Read more > Mortgage Fraud Investigations Are Climbing Loan modification scams drove the record number of lawsuits in the fourth quarter of 2009.
Read more > Graywater Irrigation Systems Graywater is defined as all household wastewater except for that which is used in toilets. The amount of graywater that we use is considerable. With only a few modifications to your plumbing and a switch to biodegradable detergents and soaps, graywater can be safely used to water the plants in your garden. Seminar on March 27th.
Read more > Highway 1/17 Interchange Landscaping to Start Caltrans next month will begin planting vegetation along the Highway 1/17 Merge Lanes Project
Read more >
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