condos

There is no month in Aptos more sublime than October. Warm, sunny, fog-free days fade into crisp evenings. So how’s the real estate market holding up? Let’s find out in the Aptos Real Estate Report October 2014.

The median home price in Aptos in September 2014 was $665,000. Last year, the median price in September was $799,000 – so that’s a 16.8% tumble from a year ago.

The sales volume remained steady, with 21 homes sold in October – exactly the same as it was a year ago. The sales to list price ratio was strong, with sellers receiving 99.7% of asking price. This is an improvement of a year ago, when sellers received only 98.5% of asking price. The homes which sold did so in an average of 65 days – considerably longer than a year ago, when homes sold in 48 days on average.

Inventory in Aptos has jumped this month. There are now 114 homes on the market, and of those, 34 are under contract. That works out to about a 5 month supply of inventory – and this is a huge jump from last month, when there was just a 3 month supply of homes. Selling a home in Aptos just got a lot harder!

When it comes to condos and townhouses, 10 closed escrow in September, with a median price of $507,500. That’s a 20.8% increase over a year ago, when the median price was $420,000. Condos sold relatively quickly, in an average of just 46 days, down 19.3% from a year ago, when condos sold in an average of 57 days. Condo sellers did pretty well too in that they received 97.6% of asking price for their homes, compared to just 94.9% a year ago.

There are presently 35 condos and townhouses on the market, and of those, 8 are under contract with 25 available. That works out to about a 6.5 month supply of condos and townhouses. This means that once again, it’s a buyer’s market for condos in Aptos – but just barely.

What Your Money Buys You – Houses

While the median price for homes in Aptos in September 2014 was $721,500, the least expensive home went for $460K and the most expensive went for $2.2 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 September 2014 was $507,500, the least expensive unit sold for $407K and the most expensive went for $800K. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

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 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:

I bring you good news, my fellow Aptos home owners!

The median home price in Aptos in July 2014 was $820,000 – that’s up a healthy 11.56% from a year ago, and up 9.48% from the prior month, when the median price was $749,000.

The sales volume was healthy: 35 homes sold, which was the same number as sold a year ago in July 2013. The sales-to-list-price ratio was a little weak: sellers received 96.35% of full asking price on average, compared to a year ago when sellers got 98.18% of full asking price on average. Homes sold in an average of 79 days, a bit longer than a year ago, when they sold in 61 days on average.

If you’re looking to sell your home, now is a great time: as of today, there are just 110 homes on the market, but of those, 33 are under contract, meaning just 77 homes are available for purchase. That works out to about 3.5 months worth of inventory – still, a strong seller’s market.

When it comes to condos and townhouses, 9 closed escrow in July, with a median price of $686,000 – which represents a big jump of 97% compared to a year ago, when the median price was $348,500. It should be noted, though, that a lot of units which sold in July were ocean-view condos located along Rio del Mar Boulevard.

There are presently 48 condos and townhouses on the market, and of those, 12 are under contract with 36 available. That works out to about a 4.5 month supply of condos and townhouses – still a seller’s market, and a better market for sellers than the previous month, when there was a 5.5 month supply of inventory.

What Your Money Buys You – Houses

While the median price for homes in Aptos in July 2014 was $820,000, the least expensive home went for $325K and the most expensive went for $2.71 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 July 2014 was $686,000, the least expensive unit sold for $325K and the most expensive went for $891,500. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

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.

Enter our Hula for History Contest – win two free tickets to attend the gala event, August 8 2014!

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 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: