Thursday, November 18, 2010

Santa Cruz Real Estate and Community News

Walter Stauss Real Estate and Community News • Cell: 831.246.4663 • Email: walter@831.com
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NOVEMBER 2010

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Dried Flower & Succulent Wreath Sale at UCSC's Arboretum

Saturday, November 20, 10am - 4pm.
Sunday, November 21, 10am - 2pm.

The popular annual sale of hand-made, one-of-a-kind wreaths and other decorations for the holidays is a lovely way to gently usher in the holidays and participate in a very important fundraiser for the Arboretum. Bring a friend. Rain or Shine!

Plants (excluding cacti and succulents) will be 25% off during the Dried Flower and Succulent Sale Nov. 20 and 21. No special coupon is necessary. Just come to Norrie's Gift Shop 10am to 4pm either Saturday or Sunday, Nov. 20 and 21, and select from a lovely array of plants. Fall is a terrific time to plant, so you can let the winter rains water your plants!

Market Stats

Our local market continues to be confused, at least according to the stats (from Oct 09 to Oct 10):

  Oct 2010 Previous Month Year-over Year
Median Price $513,873 $535,000 (-3.9%) $515,000 (-0.2%)
Average Price $572,392 $680,397 (-15.9%) $563,652 (+1.6%)
No. of Sales 112 139 (-19.4%) 180 (-37.8%)
Pending Properties 298 270 (+10.4%) 316 (-5.7%)
Active 748 821 (-8.9%) 795 (-5.9%)
Sale vs. List Price 96.0% 97.3% (-1.4%) 98.8% (-2.9%)
Days on Market 67 84 (-19.6%) 79 (-14.2%)

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:
Sales, City of Santa Cruz

Prices and Sales, Single-Family Residences, Aptos:
Sales, Aptos

5 Foreclosure Myths

Foreclosures reign as one of today's top real estate trends. Homebuyers are looking for your guidance when it comes to dealing with this largely misunderstood process. Whether a buyer is holding out for "shadow inventory" or looking for an exceptional deal, you can help dispel myths and eliminate foreclosure confusion. Read these top 5 foreclosure myths, and make smarter real estate decisions in today's market.
Read more >


California pulls ahead of Florida in the race to recovery

As California begins the slow crawl back to economic stability, Florida remains stuck in the swampland of the economic downturn. The similar circumstances of the two states at the height of the Great Recession leave many questioning what differences led to a swifter recovery pace in the West. The more efficient foreclosure process in the Golden State is the key.
Read more >


HUD to Launch Pilot Program to Help Homeowners

HUD has announced a new pilot program that will offer credit-worthy borrowers low-cost loans to make energy-saving improvements to their homes. .
Read more >


Mortgage Rates Continue Record Slide

Freddie Mac reports that rates on fixed mortgages again fell to their lowest levels in decades this past week, with the average interest on 15-year loans dipping to 3.57 percent from 3.63 percent a week earlier, and the average interest for 30-year loans sliding to 4.17 percent from 4.24 percent. That is the lowest since 1971. The impact of the favorable borrowing costs is being muted somewhat, however, by a high rate of joblessness, foreclosures, and tight credit. Source: Boston Globe (11/12/10)



 

The information in this e-mail is provided solely for informational and/or entertainment purposes. If your property is listed with another real estate company or if you have a buyer's agency agreement with an agent, please disregard this offer. It is not my intention to solicit the offerings of other real estate brokers. I disclaim any warranties or representations concerning the information contained in this email. I do not guarantee the accuracy of the information contained in this e-mail and instruct you to independently verify the accuracy of the information provided. All intellectual property rights are retained by their owners.




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Walter Stauss / Lifestyles Real Estate
500 Seabright Avenue
Santa Cruz, California 95062

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