Скачать или смотреть Santa Cruz Real Estate Market Update: March 2023

What's ahead for the real estate market in 2023?

Are we headed for a deep recession or a soft landing?

What are the experts saying?

"In terms of a forecast for the housing market in 2023, I think we will start to see improvement toward the end of 2023 if inflation continues to slow to the point where the Fed can begin signaling a true pivot to lower rates. Home prices may well decline for several more months, but it's hard to see the declines going much longer and should be relatively shallow, perhaps an additional four to five percentage points." -Dr. Elliot Eisenberg, Partner Economist with the MLS

"January sales data shows a continued decline in sales of existing homes, but at a slower pace," says Realtor.com economist, Jiayi Xu. "While sales aren't returning to pre-pandemic levels anytime soon, there are reasons to suspect that the worst of the downturn may be in the past."

Now let's take a look at the Santa Cruz County numbers for February 2023.

For single family homes in Santa Cruz County, the sales price to list price ratio increased from 96% the month before to 98.8%. The average days on market for single family homes for the month of February, 2023 came in at 48 days on the market down from 54 days the month before.

The number of active listings for the month of February for single family homes came in at 190 homes, and the number of single family homes that sold in Santa Cruz County for the month of February, 2023 was at 58, with the median sales price slightly increasing from $1,160,000 in January, 2023 to $1,200,500 in February, 2023.

For condos and townhomes in Santa Cruz, we saw the sales price to list price ratio increase slightly from 99.1% in January, 2023 to 99.8% in February, 2023.

The average days on market for condos and townhomes for the month of February, 2023 came in at 66 days on the market, up from 38 days in January. The median sales price for condos and townhomes increased from $816,000 in January, 2023 to $850,000 in February, 2023.

The number of active listings was 34 and the sales for condos townhomes for the month of February increased from 10 in January, 2023 to 15 in February, 2023.

Shemeika Fox: Your Santa Cruz County Real Estate Expert. My passion for helping people achieve their Santa Cruz Real Estate dreams is complimented by my strong work ethic. Our focus is to help you sell your Santa Cruz County California property faster and for more money… and to help you find and buy the perfect home with little hassle.

Shemeika Fox
Santa Cruz Realtor & Real Estate Concierge
eXp Realty of California Inc.
Fox Realty Group Inc.
831.588.2334
[email protected]
https://www.yoursantacruzrealestate.com/
DRE: 01479629

To Learn more about me check out my other platforms:
https://linktr.ee/shemeikafox_realtor
  / shemeika.fox.realtor  
  / shemeikafox_realtor  
  / shemeika-fox-323a1311  
  / shemeikafox  

For monthly market updates, Santa Cruz Real Estate deals, and additional tips check out my Facebook Page:
  / shemeika.fox.realtor  

To hear what past clients are saying about me, check out these sites:
https://www.yelp.com/biz/shemeika-fox...
https://www.zillow.com/profile/Shemei...