Aptos Real Estate Report – March 2014

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Is Aptos ever more beautiful than in the springtime? Well, yes – it’s more beautiful in autumn usually, but it’s pretty nice in the springtime, especially just after a little RAIN! But we’re not here to talk about the exquisite Aptos weather so much as about the Aptos real estate market. To get things rolling, here is a quick YouTube video with the market highlights and some insight:

March 2014 Aptos Real Estate Market Summary

In February 2014, 20 single-family homes closed escrow in Aptos with a median price of $685,000. This is a decrease of 4.5% compared to February 2013 when the median price was $717,000. On average, the homes which sold did so in 70 days, and the average sales price was $710,875.

As of today, March 7 2014, there are presently 62 single-family homes ‘active’ on the Aptos MLS; over the past six months, an average of 19.3 homes has sold every month, meaning there is a 3.2 month supply of homes available in Aptos. Of these ‘active’ homes, they have an average of 119 days on market. There are presently 38 homes under contract in Aptos, and these homes have an average of 87 days on market.

Looking at the numbers, the Aptos market appears to be in good shape. Interestingly enough, Zillow classifies Aptos as a buyer’s market, as it does not simply count the available inventory, but rather takes into account the sales-to-list-price ratio, prevalence of price cuts, and time on market. Even so, Zillow expects the Aptos market to appreciate 2.4% through January 2015, and classifies the Aptos real estate market as very healthy which is an accurate characterization at this time.

What Your Money Buys You

While the median price for homes in Aptos in February 2014 was $685,000, the least expensive home went for $450K and the most expensive went for $1.1 million. Here’s what that kind of money buys you in Aptos today: