Santa Cruz County Housing Market Update: August 2017

Home prices are still en fuego in Santa Cruz County, but some signs point to a seasonal cooling and there is chatter amongst some industry experts about the beginnings of a market shift.

For the first time ever, the median price for existing Single Family Homes topped $800,000 for eight consecutive months. The August median price of $825,000 was down from the peak of $875,000 in May of this year and up slightly from $810,000 in July.  Continue reading

Avoid These Two Big Mortgage Mistakes

We all know that searching for and viewing potential homes is the fun part of the home-buying process. The not-so-fun part? The mortgage.

But if you don’t pay attention to the details, your mortgage can end up dragging down the enjoyment of your new home and cause some major regrets. Here are a few mistakes to avoid to ensure that you love your mortgage terms as much as your hew home. Continue reading

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