Welcome to Prime Time, Aptos! Kids are in school, tourists are gone, and it’s time to enjoy the the quiet sunny days such as only Aptos delivers as we slip into autumn. As we bid summer a fond farewell, let’s take a quick look at how the real estate market did in the month gone by.
The median home price in Aptos in August 2014 was $721,500 – a scant 1.6% increase from the median price a year ago, which was $710,000. This is a 12% drop from last month, however, when the median price was $820,000.
The sales volume was low for the summer season: 24 homes sold, a drop of 33% compared to a year ago, when 36 homes sold in August 2013. The sales-to-list-price ratio was decent: sellers received 97.98% of asking price on their homes. Homes sold quickly in August, in an average of 45 days – much faster than last year, when homes sold in an average of 63 days in August.
Even though the August median price dropped considerably from what sellers got in July, it still remains a very strong seller’s market in Aptos. There are presently 70 homes on the market, and of those, 32 are under contract. That works out to a 98 days supply of inventory – just a little more than 3 months.
When it comes to condos and townhouses, 7 closed escrow in August, with a median price of $420,000. That’s a 9% increase over a year ago, when the median price was $385,000. It took a while to sell your condo last month – condos sold in an average of 93 days on market, and for 97.34% of asking price. The Days-on-Market number is exaggerated a bit by one of the sale sin Seascape, which took 479 days to sell.
There are presently 44 condos and townhouses on the market, and of those, 13 are under contract with 31 available. That works out to about a 3.6 month supply of condos and townhouses – which is a big improvement over last month, when there was a 4.5 month supply. It is clearly, once again, a seller’s market for condos and townhouses in Aptos!
What’s YOUR Aptos House Value?
Interested to know what your Aptos house is worth in today’s 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 August 2014 was $721,500, the least expensive home went for $378K and the most expensive went for $2.239 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 August 2014 was $420,000, the least expensive unit sold for $320K and the most expensive went for $855K. 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 September 2014