Aptos Real Estate Report – April 2014

(No Ratings Yet)

Loading...

The Aptos real estate market is alive and well in April 2014! In March 2014, the median home price in Aptos was $693,000 – up 6.5% compared to a year ago, when the median price was $652,250. 19 homes closed escrow in March, but that’s 20.8% fewer than a year ago, when 24 homes closed sale in March 2013. These homes sold in an average of 81 days, which is about the same as last March, when homes sold in 85 days on average.

As of today there are 110 homes presently listed, and of those, 67 are available, 43 under contract. Given the ratio of active listings to pending sales, and assuming an average escrow length of 45 days, the amount of available inventory is about 70 days.

When it comes to condominiums and townhouses, there were a total of 5 sold in Aptos in March, with a median price of $440,000 – a rise of 1.15% over last year. These condos had an average of 71 days on market, with a sales-to-list-price ratio of 98.84%. This compares to 9 sales in March 2013, a year ago, when the median price was $435,000, the sales-to-list-price ratio was 98.95%, and the average days on market was 66.

As of today, there are 40 condos/townhouses listed, 23 are active, and 27 are under contract. Given the ratio of active listings to pending sales, and assuming an average escrow length of 45 days, the amount of available inventory is about 38 days. Most of the available units, however, are in the Seascape Resort, which is almost a market in itself.

What Your Money Buys You – Houses

While the median price for homes in Aptos in March 2014 was $693,000, the least expensive home went for $407K and the most expensive went for $1.185 million. Here’s what that kind of money buys you in Aptos today:

What Your Money Buys You – Condos

While the median price for condos in Aptos in March 2014 was $440,000, the least expensive home went for $415K and the most expensive went for $659,500. Here’s what that kind of money buys you in Aptos today: