The median home price in Aptos in June 2014 was $749,000 – that’s up a healthy 13% from a year ago…but it’s down 18% from the previous month, when in May 2014 the median price was $914K. But last month was an exceptional month, when about half the homes sold over $1 million.
The sales volume was good: 29 homes sold, down about 9.4% compared to a year ago when 32 homes sold in June 2013. The sales-to-list-price ratio was a little weak: sellers received 97.43% of full asking price on average, compared to a year ago when sellers got 98.09% of full asking price on average. Homes sold in an average of 53 days, a bit longer than a year ago, when they sold in 48 days on average.
If you’re looking to sell your home, now is a great time: as of today, there are just 118 homes on the market, but of those, 40 are under contract, meaning just 78 homes are available for purchase. That works out to just shy of 3 months worth of inventory – still a very strong seller’s market.
When it comes to condos and townhouses, just 5 closed escrow in June, with a median price of $550,000 – which represents a jump of 50.9% compared to a year ago. However, that is a skewed number, since last year a lot of low-income housing units were sold on Canterbury Drive down in Seacliff. Condos sold in an average of 23 days, with a sales-to-list-price ratio of 27.6%.
There are presently 47 condos and townhouses on the market, and of those, 10 are under contract with 37 available. That works out to about a 5.5 month supply of condos and townhouses – still a seller’s market, but almost to the point of being a balanced market.
What’s YOUR Aptos House Value?
Interested to know what your Aptos house is worth in todays’ real estate market? Then head over to AptosHomeValues.com for an instant, on-line evaluation of your Aptos home’s value.
What Your Money Buys You – Houses
While the median price for homes in Aptos in May 2014 was $914,000, the least expensive home went for $540K and the most expensive went for $3 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 May 2014 was $449,250, the least expensive home unit for $390K and the most expensive went for $925K. Here’s what that kind of money buys you for an Aptos condo/townhouse today:
What about the rest of Santa Cruz county?
Want to know what’s going on in all of Santa Cruz county? For a complete report on Santa Cruz county as a whole, check out the Santa Cruz County Real Estate Report for July 2014