Aptos Real Estate Report – May 2014

(No Ratings Yet)

Loading...

The Aptos real estate market is alive and well in May 2014! In April 2014, the median home price in Aptos was $715,671 – up 11% compared to a year ago, when the median price was $645,000. 34 homes closed escrow in April, which is almost the same as a year ago, when 33 homes closed sale in April 2013. These homes sold in an average of 56 days, which is about higher than March of last year, when homes sold on average in 50 days. Not only did these homes sell quickly, they also sold, on average, for 100.06% of full asking price. Sweet!

As of today there are 114 homes presently listed, and of those, 72 are available, 42 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 77 days.

When it comes to condominiums and townhouses, there were a total of 15 sold in Aptos in April, with a median price of $620,000 – a rise of 7.8% 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 7 sales in March 2013, a year ago, when the median price was $575,000, the sales-to-list-price ratio was 96.4%, and the average days on market was 57.

As of today, there are 40 condos/townhouses listed, 31 are active, and 9 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 155 days. 40% of the available units (16 of the 40), 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 April 2014 was $715,671, the least expensive home went for $120K and the most expensive went for $4.5 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 April 2014 was $620,000, the least expensive home went for $355K and the most expensive went for $765,000. Here’s what that kind of money buys you in Aptos today: