Santa Cruz County Housing Market Update: June 2017

[INFOGRAPHIC] SNAZZY VISUAL MARKET UPDATE AT THE END OF THIS POST

Fueled by interest rates that remain historically low and rising incomes, buyer demand continued to be strong enough in June to keep the already low supply of homes to purchase precariously low and prices still some of the highest the Santa Cruz County market has ever seen.

A supply shortage, according to many industry experts, has become one of the leading barriers of entry for many home buyers. In the past, and still a consideration, the big hurdles were having the necessary downpayment or high enough credit scores.  Continue reading

Hidden Homeowner Costs

Budgeting for buying a home can be difficult enough when you’re just weighing mortgage options and a purchase price. But there are many other factors that go into the cost of home ownership. Some of them are one-time expenses that you’ll pay during the home buying process, while others will be recurring costs for as long as you own the home. Continue reading

Real Estate Mumbo Jumbo 101

 In the middle of a discussion with a friend or Realtor, have you ever heard a term that is common within the real estate industry and immediately thought, “Huh”?

Regardless if you are a first-time home buyer or seasoned mover, every now and then some terminology needs to be clarified.

The following highlights the most commonly used real estate terms from A-Z.  Continue reading

Santa Cruz County Housing Market Update: May 2017

[INFOGRAPHIC] SNAZZY VISUAL MARKET UPDATE AT THE END OF THIS POST

Great Googly Moogly! Home prices in Santa Cruz County soared ever higher at the end of the spring. As a result, the summer home buying season is expected to kick off strongly.

Low housing inventory and rising prices are par for the course these days in our local market and the greater Bay Area as well. May’s real estate statistics were not drastically different from what we have been seeing in 2017. Continue reading

March 2017 Santa Cruz Real Estate Housing Market Update

Santa Cruz County Housing Market: March 2017

[INFOGRAPHIC] snazzy VISUAL MARKET UPDATE AT THE END OF THIS POST

Spring break is in full swing for families as I sit down to write this month’s market update, yet many home buyers cannot seem to catch a break in the Santa Cruz County housing market.

The spring buying and selling season is ramping up and it appears to be on track to set new records this year. Whether that is a good or bad thing depends on your real estate goals.

Home prices in March were pushed up to nearly record highs due to steady demand and low supply. Three months in, the first quarter posted a relatively normal number of closed sales while new listings coming to the market remain some of the lowest on record. Continue reading

february 2017 santa cruz county housing market update

Santa Cruz County Housing Market: February 2017

[INFOGRAPHIC] GREAT VISUAL MARKET UPDATE AT THE END OF THIS POST

No doubt about it, we are emerging from a seriously chaotic winter. There is a new administration in the White House and the storms from October through February have made this the wettest winter ever since scientists began collecting data 122 years ago. On the upside, much of California is seeing a breathtaking wildflower “super bloom“. Nature lovers are referring to this as the biggest in over a decade. These beautiful scenes are thanks to a perfect combination of rain, sunshine and lack of drying winds.

Is this super bloom phenomena something that could translate to Santa Cruz County’s real estate market in some way? Continue reading