August 2017 .pdf

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Original filename: August 2017.pdf
Title: Area Report - Santa Cruz County | August 2017

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SANTA CRUZ COUNTY
MARKET SUMMARY
August 2017 | All Property Types (SFH & Condos/Townhomes)
Market
Summary

Month to Date

Year to Date

August 2017

August 2016

Year-To-Date 2017

Year-To-Date 2016

New Listings

304

280

8.57%

2050

2128

-3.67%

Sold Listings

239

245

-2.45%

1460

1483

-1.55%

Median Listing Price

$729,000

$769,000

-5.2%

$750,000

$719,900

4.18%

Median Selling Price

$710,000

$761,250

-6.73%

$760,000

$720,000

5.56%

Median Days on Market

Percent Change

Percent Change

19

22

-13.64%

16

17

-5.88%

99.4%

99.9%

-0.49%

99.7%

99.9%

-0.2%

Average Listing Price

$852,481

$880,205

-3.15%

$863,050

$833,323

3.57%

Average Selling Price

$843,583

$874,637

-3.55%

$855,333

$823,670

3.84%

39

41

-4.88%

40

40

0%

List/Sell Price Ratio

Average Days on Market

SOLD AND NEW PROPERTIES (UNITS)
August 2017 | All Property Types (SFH & Condos/Townhomes)

Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

SANTA CRUZ COUNTY
MEDIAN SALES PRICE AND NUMBER OF SALES
August 2017 | All Property Types (SFH & Condos/Townhomes)

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
August 2017 | All Property Types (SFH & Condos/Townhomes)

Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SANTA CRUZ COUNTY
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
August 2017 | All Property Types (SFH & Condos/Townhomes)

AVERAGE SALES PRICE AND NUMBER OR PROPERTIES FOR SALE
August 2017 | All Property Types (SFH & Condos/Townhomes)

Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of month.

SANTA CRUZ COUNTY
PROPERTIES FOR SALE AND SOLD PROPERTIES
August 2017 | All Property Types (SFH & Condos/Townhomes)

AVERAGE ASKING/SOLD/UNSOLD PRICE
August 2017 | All Property Types (SFH & Condos/Townhomes)

Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties | Number of properties sold.
Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price

SANTA CRUZ COUNTY
ABSORPTION RATE
August 2017 | All Property Types (SFH & Condos/Townhomes)

MONTHS SUPPLY OF INVENTORY
August 2017 | All Property Types (SFH & Condos/Townhomes)

Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the
rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.


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