home prices

Poll Predicts Higher Aptos Real Estate Prices in 2019

January 27, 2019 by Seb Frey

A poll was recently conducted on the neighborhood web site NextDoor, asking Aptos residents what they thought would happen to Aptos home prices in 2019. After a month, 42 responses to the survey were recorded. The results might surprise you: the NextDoor poll predicts higher real estate prices.

Of course, in no way should this poll be considered to be scientific. Online polls are notorious, in fact, for being unreliable. But given the fact that there appears to have been no
“poll-stuffing” with this particular poll, it may be a good barometer of sentiment among the Aptos community for home prices in 2019.

The Poll, open to all NextDoor users in zip code 95003, asked this question:

While California as a whole is expected to see lower home prices in 2019 compared to 2018, how do you think home prices in Aptos will change?

The #1 answer given, by 35% of respondents, was that Aptos real estate prices were expected to rise 2-5%. The second most popular response, given by 16% of survey participants, was that home prices would be lower by 2-5%.

The full survey responses are here:

Flat – No Change in Home Prices: 14%
Down 0-1%: 0%
Down 2-5%: 16%
Down 5-10%: 9%
Down more than 10%: 4%
Up 0-1%: 4%
Up 2-5%: 35%
Up 5-10%: 9%
Up more than 10%: 4%

Overall it seems that the Aptos community feels confident that the real estate market will remain stable with gradual appreciation for the rest of 2019, with only 29% of respondents predicting that Aptos real estate and home prices will decrease even a small amount.

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Aptos Real Estate Market Update for April 2015

April 14, 2015 by Seb Frey

It’s the middle of April already, and that means two things: tax time, and time for the Aptos Real Estate Market Update for April 2015!

The median price for single family homes in Aptos in March 2015 was $870,000 – up 25.5% from a year ago when the median price was $693,000. That’s a huge increase over last year, and also comfortably above the Santa Cruz county median price of $775,000.

There were 24 sales of single family homes, which is 26.3% higher than a year ago, because 19 homes sold in March 2014. The homes which sold did so in an average of 76 days – but that includes one home which took 1,065 days to sell. Excluding that one home, homes sold in an average of 34 days. Last year, homes took 70 days to sell on average in this time period.

Sellers received an average 98.7% of full asking price in March – up significantly from last year this time, when sellers received only 95.7% of asking price.

There are presently 94 single family homes for sale in Aptos, and of those, 44 are under contract to be sold. That works out to be a 1.7 month supply of inventory – which is virtually unchanged (although slightly lower) from the inventory levels of the past couple of months.

Overall the market in Aptos appears to be in excellent health, and is rated as a strong seller’s market. In fact, Zillow currently rates the Aptos market as very healthy, scoring 9.5 out of 10.

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Let’s turn out attention to the market for condos and townhomes. The median price for condos and townhomes was $522,500 in March 2015 – and that represents a 12.4% increase compared to a year ago, when the median condo price in March 2014 was $457,750. A total of 10 condos sold in Aptos in March 2015, which is a 67% increase in sales compared to a year ago, when just 6 condos sold.

The condos which sold did so in an average of 85 days on market – which is slightly faster than a year ago at this time, when condos took an average of 91 days to sell. On average, sellers received 100% of full asking price for their property, considerably better than a year ago when sellers received 98.2% of asking price.

At this time, there are 36 condos and townhouses for sale in Aptos, which is a significant rise compared to last month. Of those 36, 12 are under contract – which works out to a 3 month supply of condos and townhouses. While inventory is up, sales are also up, which means the the relative supply of condos and townhouses is unchanged from last month.

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 SellForSure.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 March 2015 was $870,000, the least expensive home went for $548,000 and the most expensive went for $2,157,500. Here’s what that kind of money buys you in Aptos today:

230 Norman Road, 2/2 1480sf sold for $548,000 in 165 DOM

340 Baltusrol Drive, 2/2 1537sf sold for $865,000 in 95 DOM

707 Seacliff Drive, 3/3 1868sf sold for $2,157,500 in 1 DOM

What Your Money Buys You – Condos

While the median price for condos in Aptos in March 2015 was $522,500, the least expensive unit sold for $360,000 and the most expensive went for $675,000. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

3025 Corte Cabrillo, 2/2 900sf sold $360,000 in 17 DOM

3071 Arlington Drive, 3/2.5 1650sf sold for $520,000 in 148 DOM

115 Madeline Drive, 3/2.5 1446sf sold for $675,000 in DOM

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 April

Aptos Real Estate Market Update for March 2015

March 12, 2015 by Seb Frey

Spring has sprung in Aptos! And you know what that means: it’s time for the Aptos Real Estate Market Update for March 2015!

The median price for single family homes in Aptos in February 2015 was $706,500 – up 3.1% from a year ago when the median price was $685,000. Aptos is usually comfortably above the county median price, however this month, we barely edged out everyone else, as county-wide, the median price was an even $700,000.

There were 17 sales of single family homes, which is 15% lower than a year ago, because 20 homes sold in February 2014. The homes which sold did so in an average of 34 days (vs. 70 days this time a year ago). Sellers received an average 99.3% of full asking price – up significantly from last year this time, when sellers received only 96.9% of asking price.

There are presently 93 single family homes for sale in Aptos, and of those, 42 are under contract to be sold. That works out to be a 1.8 month supply of inventory – which is virtually unchanged from the inventory level last month.

Our median single family home price isn’t setting any records. What’s more, our prices are now just a blip over the county’s median…so does this mean the Aptos real estate market has cooled down? Not at all. The fact that those 17 homes sold in an average of 34 days, and that sellers received 99.3% of full asking price – and the fact that inventory remains so low adds up to a market where sellers are still very much in the driver’s seat.

Want the Best Price for your Aptos Home?

Let’s turn out attention to the market for condos and townhomes. The median price for condos and townhomes was $435,000 in February 2015 – and that represents a 12.5% decline compared to a year ago, when the median condo price in February 2014 was $497,000. Condo prices tend to be pretty volatile though, as comparatively few units sell in any one month. In fact, just 7 condos sold in Aptos in February 2015, which is a 30% decline compared to last year, when 10 sold.

However, let’s look at the other key numbers: the condos which sold did so in an average of 26 days – compared to 103 days on average a year ago. Not only that, condo owners received 100.7% of full asking price – suh-weet! This compares very favorably to last year, when owners only got 97.8% of full asking price.

At this time, there are only 27 condos and townhouses for sale in all of Aptos! Of those 27, ten are under contract – which works out to a 2.9 month supply of condos and townhouses…so the condo market isn’t quite as tight as the single family market, but remember, a lot of the available inventory is in the Seascape Resort, which is kind of like a world unto itself.

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 SellForSure.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 February 2015 was $706,500, the least expensive home went for $550,000 and the most expensive went for $1,199,000. Here’s what that kind of money buys you in Aptos today:

895 Redwood Drive, 3/2 1468sf sold for $555,000 after 100 DOM

100 Stephen Road, 3/2 1070sf sold for $706,500 after 3 DOM

711 Pleasant Valley Lane, 3/3 2766sf, sold for $1,199,000 after 121 DOM

What Your Money Buys You – Condos

While the median price for condos in Aptos in February 2015 was $435,000, the least expensive unit sold for $330,000 and the most expensive went for $579K. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

167 Sea Ridge Ct #7, 1/1 792sf sold for $330,000 in 7 DOM

1722 Dolphin Drive, 3/2.5 1442sf sold for $435,000 in 15 DOM

1129 Via Tornasol, 2/2 1420sf sold for $579,000 in 40 DOM

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 March 2015

Aptos Real Estate Market Update for February 2015

February 17, 2015 by Seb Frey

Welcome to February, Aptos! It’s the middle of the month, so that means it’s time again for the Aptos Real Estate Market Update for February 2015. While the overall health of the Santa Cruz county real estate market appears to be quite robust, things are looking a little less sunny in Aptos these days, at least when it comes to real estate prices.

The median price for single family homes in Aptos in January 2015 was $740,000 – down 9.5% from a year ago when the median price was a lofty $817,250. Although the median price did drop year over year, it does remain comfortably higher than the county average of $677,500 for the same time period.

There were 18 sales of single family homes, a drop of 18.2% from a year ago, as 22 homes sold in January 2014. The homes which sold did so in an average of 72 days (vs. 81 days this time a year ago). Sellers received an average 99.4% of full asking price – considerably better than a year ago at this time, when sellers received only 94.4% of list price.

There are presently 93 single family homes for sale in Aptos, and of those, 42 are under contract to be sold. That works out to be a 1.8 month supply of inventory – which is a very low level of inventory. Given the short supply and brisk demand, it is unlikely that home prices in Aptos will continue to fall (much) over the spring and summer selling season.

Want the Best Price for your Aptos Home?

The condo and townhouse market also experienced a price drop in January. A total of 5 condos and townhouses sold in January, with a median price of $399,000 – a drop of 13.3%. The condos which sold did so in an average of 72 Days on Market (versus 77 days a year ago), and sellers received 98.4% of full asking price for their units (versus 99.3% one year ago)

Today, there are presently 21 condos or townhouses for sale in Aptos, but of those, 12 are presently under contract. That works out to just a 34 day supply of condos and townhouses in Aptos. Owners, if you’re thinking it’s a good time to get your Aptos condo or townhouse on the market – you’re right about that!

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 SellForSure.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 January 2015 was $740,000, the least expensive home went for $497,000 and the most expensive went for $1.4 million. Here’s what that kind of money buys you in Aptos today:

860 Encino Drive, 3/2, 1100sf, sold for $497K after 81 DOM

241 Siesta Drive, 4 Bedrooms, 3 Bathrooms, 1527sf sold for $670K after 43 DOM

347 Coates Drive, 4 Bedrooms, 1 Bathroom, sold for $1.4M after 98 DOM

What Your Money Buys You – Condos

While the median price for condos in Aptos in January 2015 was $399K, the least expensive unit sold for $303K and the most expensive went for $521,500. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

7245 Lotus Way, 2/1, 1240sf, sold for $303K after 130 DOM

6302 Imperial Court, 2/2, 1024sf, sold for $399K after 30 DOM

408 Racquet Landing, 2/2, 1286sf, sold for $521,500 after 8 DOM

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 February 2015

Aptos Real Estate Market Update for January 2015

January 12, 2015 by Seb Frey

Happy New Year Aptos! Another year has come and gone, and it’s time to start fresh with the Aptos Real Estate Market Update for January 2015. We start the year off not with a bang but a whimper – the market is in some ways still piping hot, with very little inventory available for sale and homes selling quickly. Demand remains strong, especially as compared to inventory…but single-family home prices in December remained flat compared to a year ago.

The median price for single family homes in Aptos in December 2014 was $757,000 – down 1.1% from a year ago when the median price was $765,000. The Aptos median price was 7.7% above the median for Santa Cruz County ($702K) in December (which is a gain of 13.9% for the county as a whole, year over year).

There were 18 sales of single family homes, which is actually a 22% decrease from a year ago, as 23 homes sold in December 2013. The homes which sold did so in an average of 58 days (vs. 55 days this time a year ago). Sellers received an average 98.5% of full asking price – up a tad from a year ago when sellers received 98.33% on average.

There are presently 73 single family homes for sale in Aptos, and of those, 25 are under contract to be sold. That works out to be a 2.9 month supply of inventory – which makes Aptos once again a very solid seller’s market – and then some.

2014 Wrap-Up – Single Family Homes

Looking at 2014 as a whole, we see that there was a total of 295 sales reported on the MLS (down 4.2% compared to 2013). The least expensive home sold for $130K, the highest sale was $4.5 million, and the median price for all homes sold in 2014 was $750,000. That is up 7.7% for the year as a whole, as the median price for all of 2013 was $695,750. In 2014, single-family homes sold in an average of 62 days on market, and sellers received 97.3% of asking price.

Want the Best Price for your Aptos Home?

The market for townhouses and condos is another matter…there were three times more condo and townhouse sales in December as compared to November. The median price for condos and townhouses was $596,500 – a sharp jump of 17.4% compared to a year ago. Condos sold in an average of 55 days on market, and sellers received 98.12% of full asking price.

At this time, there are only 18 condos and townhouses for sale in all of Aptos! Of those 18, six are under contract – which works out to just a 3 month supply of condos and townhouses…also a very, very strong seller’s market. Six of those units are located in the Seascape Resort – so excluding Seascape, there’s just 12 condos and townhouses on the market, and of those, 5 are actually under contract…leaving just 7 condos and townhouses available in Aptos proper (outside of the Seascape Resort).

2014 Wrap-Up – Condos/Townhouses

Looking at 2014 as a whole, we see that there was a total of 97 sales reported on the MLS (down 16.4% compared to 2013). The least expensive condo sold for $310K, the highest sale was $925K, and the median price for all condos/townhouses sold in 2014 was $498,000. That is up 22.7% for the year as a whole, as the median price for all of 2013 was $432,500. In 2014, condos and townhosues sold in an average of 67 days on market, and sellers received 98.12% of asking price.

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 December 2014 was $757,000, the least expensive home went for $555,000 and the most expensive went for $1.29 million. Here’s what that kind of money buys you in Aptos today:

2260 Redwood Drive, 3/2, 1449sf, sold for $555K after 5 DOM

2250 Wallace Avenue, 4/3, 2248sf, $764K — 2250 Wallace Avenue, 4/3, 2248sf, sold for $764K after 46 DOM

411 Saint Andrews Drive, 5 3/2 half baths, 3909sf, $1,299,000 — 411 Saint Andrews Drive, 5 3 full baths, 2 half baths, 3909sf, sold for $1,299,000 after 100 DOM

What Your Money Buys You – Condos

While the median price for condos in Aptos in December 2014 was $596,500, the least expensive unit sold for $353,281 and the most expensive went for $760K. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

3058 Arlington Drive, 2/2 1224sf, sold at $353,281 after 7 DOM (Measure J Unit)

159 Hyannis Court, 2/1.5, 1440sf sold for $596,500 after 4 DOM

1307 Via Tornasol, 3/2.5, 1842sf, sold for $760K after 120 DOM

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 January 2015

Aptos Real Estate Market Update for December 2014

December 9, 2014 by Seb Frey

Hello Aptos and welcome to December! It’s hard to believe – really hard to believe! – that in a scant three weeks we’ll be closing the books on 2014 and moving on to 2015, but I’m told that it’s true and there’s no way to stop it. But before we move on to the future, I have one more Aptos real estate market update for December 2014.

The median price for single family homes in Aptos in November 2014 was $791,000 – and that is a 5.6% increase from a year ago. The Aptos market outperformed Santa Cruz county as a whole by a considerable margin, as home prices were up a scant 1.5% county-wide in November 2014.

There were 17 sales of single family homes, which is actually a 54.5% increase from a year ago, as only 11 homes sold in November 2013. The homes which sold did so in an average of 31 days (40% faster than a year ago). Sellers received an average 95.36% of full asking price – which is actually pretty low, as year ago, sellers received 98.1% of asking price on their homes.

There are presently 92 single family homes for sale in Aptos, and of those, 29 are under contract to be sold. That works out to be a 4.7 month supply of inventory – which makes this still a seller’s market.

A few months ago I wrote up a post about 7429 Mesa Drive in Aptos, a custom Mediterranean style home with a pool, guest house, and ocean views. This was a bank-owned REO foreclosure on the market for $1.35 million – it sold, and closed in November, for $1.254 million. A fabulous house which someone will I am sure be very happy to call home (or vacation home, anyway) – but it did need some work.

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The market for townhouses and condos was pretty quiet in November, with just 3 having sold, and the median price was $485,000. These three condos sold in an average of 91 days, and sellers received 99.9% of full asking price. We can’t really compare this to sales a year ago, because there weren’t sales a year ago – there was just one single sale a year ago, which sold for $495K after 17 days on market, for 100% of asking price.

There are presently 30 condos and townhouses for sale on the Aptos market, and of those, 11 are under contract, pending sale. That works out to be a be a four month supply of condos and townhouses – also still very much a seller’s market. It should be noted that of those 30 listings, 8 of them are in the Seascape Resort.

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 November 2014 was $791,000, the least expensive home went for $390,000 and the most expensive went for $1.75 million. Here’s what that kind of money buys you in Aptos today:

2454 Redwood Drive, 1/1 701sf sold in 22 DOM @ $390,000

801 Bear Valley Road, 3/2 1939sf sold in 9 DOM @ $791,000

192 Seacliff Drive, 3/2.5 1968sf sold in 27 DOM @ $1,750,000

What Your Money Buys You – Condos

While the median price for condos in Aptos in November 2014 was $485,000, the least expensive unit sold for $419K and the most expensive went for $588K. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

1614 Dolphin Drive, 2/2 945sf sold in 71 DOM @ $419K

1496 Dolphin Drive, 3/2.5 1440sf sold in 166 DOM @ $485K

134 Atherton Loop, 3/2.5 1558sf sold in 37 DOM @ $588K

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 December 2014

Aptos Real Estate Market Update for November 2014

November 17, 2014 by Seb Frey

It seems like just last week that dawn broke on the new year of 2014, but now we’re already staring at Thanksgiving, right around the corner. And you know what that means: it’s time for the Aptos Real Estate Market Update for November 2014.

Last month we reported that the median home price in Aptos had taken quite a tumble, down 16.8% from a year ago. What a difference 30 days makes! The median price for Aptos single-family homes in October 2014 was $774,000 – an increase of 5.7% compared to a year ago, and up 16.3% compared to the month before. Phew!

Not only did the home price bump up, sales volume came in higher than normal, with 25 single-family homes having sold in Aptos in October. That’s a 19% increase compared to a year ago, and also a month ago, when 21 homes were sold in both of those periods. The sales-to-list-price ratio remains unchanged: sellers got 98.4% of asking price last month, same as a year ago.

Homes sold quickly in Aptos last month, in an average of just 39 days – that’s 51% faster than a year ago, and 20% faster than the county average of 49 days for sold homes in October 2014.

You may recall that last month I reported a jump in inventory in Aptos – however, inventory has dropped since then. At this time, there are 103 homes listed for sale in all of Aptos, and of those, 28 are under contract. That works out to just about a four month supply of homes – still, a very good seller’s market.

Want the Best Price for your Aptos Home?

Just five condos/townhouses closed escrow in October, with a median price of $589,000. That’s a 80% increase over a year ago, when the median price was $327,500. Of course, given how few condos sold last month, it’s not a useful measurement of the comparative strength of condo prices last month compared to a year ago, but it’s good link-bait.

Condos sold in an average of 79 days, a bit quicker than a year ago when they sold in 81 days. Condo sellers did pretty well too in that they received 97% of asking price for their homes, compared to just 92.1% a year ago.

There are presently 30 condos and townhouses on the market, and of those, 7 are under contract with 23 available. That works out to about a 5 month supply of condos and townhouses. Remember, many of those units (11, actually) are in the Seascape Resort, which is kind of a market unto itself.

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 October 2014 was $774,000, the least expensive home went for $375,454 and the most expensive went for $1.67 million. Here’s what that kind of money buys you in Aptos today:

412 Bonita Drive, Aptos,CA — 412 Bonita Drive: 2/1 840sf, sold in 55 DOM @ $375,454

3390 Vienna Drive, Aptos, CA — 3390 Vienna Drive: 3/2.5, 2,341sf , sold in 6 DOM @ $774,000

3030 Haas Drive, Aptos, CA — 3030 Haas Drive: 3/3.5, 3142sf, sold in 4 DOM @ $1,670,000

What Your Money Buys You – Condos

While the median price for condos in Aptos in October 2014 was $589,000, the least expensive unit sold for $465K and the most expensive went for $900K. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

409 Racqute Landing, Aptos, CA — 409 Racqute Landing: 2/2.5, 112sf, sold in 58 DOM @ $465,000

1770 Seascape Boulevard, Aptos, CA — 1770 Seascape Boulevard: 2/2.5, 1421sf sold in 185 DOM @ $589,000

118 Rio del Mar Boulevard, Aptos, CA — 118 Rio del Mar Boulevard: 4/2.5, 1575sf , sold in 18 DOM @ $900,000

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 November 2014

Aptos Real Estate Report June 2014

June 18, 2014 by Seb Frey

The Aptos real estate market is alive and well in June 2014! The May numbers are finally in, and the median home price in Aptos was $914,000 – up 27.7% in just a single month, and up 35.4% year-over-year. Amazing! Sales volume was also strong: 30 homes closed escrow in May, however that is down about 25% because a year ago, 40 homes sold in May. These homes sold in an average of 70 days, which is nearly twice as high compared to May of last year, when homes sold on average in 37 days. Sellers received on average 96.8% of full asking price – which sounds good, but last year, sellers were getting 99.13% of full asking price.

As of mid-June 2014, there are about 120 homes presently listed for sale on the MLS, and of those, 74 are available, and 46 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 72 days.

When it comes to condominiums and townhouses, there were a total of 13 sold in Aptos in April, with a median price of $449,250 – a decrease of about 17.1% compared to a year ago. These condos had an average of 65 days on market, with a sales-to-list-price ratio of 98.6%.

As of mid-June 2014, there are 42 condos/townhouses listed, 30 are active, and 12 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 112 days.

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:

2715 Sparrow Valley Road: 2/2 1500sf 12.17 acre lot, 106 DOM, listed $540K, sold $540K

528 Cuesta Drive: 3/2 1906sf 6360sf lot, 8 DOM, ocean views, list $949K, sale $930K

910 Via Gaviota: 4/3 2251sf 7187sf lot 84 DOM, sold for $3 million cash, listed @ $3.7 million

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:

283 Bonefish Court: 2/1 850sf, $425K list, sold $390K after 2 DOM, cash buyer

1950 Dolphin Drive: 3/2 1123sf, $449,250 list, sold full ask @ $449,250 after 8 DOM

621 Seascape Resort Drive: listed $999K, sold $925K after 619 DOM

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 June 2014

Aptos Real Estate Report – May 2014

May 12, 2014 by Seb Frey

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’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 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:

$120K: 220 Hayward Road – a foreclosed “REO” home with serious soil issues

$668K: 801 Bear Valley – 2 bed, 2 bath, 1939sf

$4.5M: 629 Beach Drive – 9 bed, 8 bath, 6900sf

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:

$355K: 7555 Sunset Way #7 – 2 bed, 2 bath, 1020sf

$620K: 122 Tiburon Ct – 2 bed, 2.5 bath, 2000sf

$765K: 38 Seascape Resort Drive – 2 bed, 2.5 bath, 1220sf

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 May 2014

Aptos Real Estate Report – April 2014

April 13, 2014 by Seb Frey

The Aptos real estate market is alive and well in April 2014! In March 2014, the median home price in Aptos was $693,000 – up 6.5% compared to a year ago, when the median price was $652,250. 19 homes closed escrow in March, but that’s 20.8% fewer than a year ago, when 24 homes closed sale in March 2013. These homes sold in an average of 81 days, which is about the same as last March, when homes sold in 85 days on average.

As of today there are 110 homes presently listed, and of those, 67 are available, 43 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 70 days.

When it comes to condominiums and townhouses, there were a total of 5 sold in Aptos in March, with a median price of $440,000 – a rise of 1.15% 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 9 sales in March 2013, a year ago, when the median price was $435,000, the sales-to-list-price ratio was 98.95%, and the average days on market was 66.

As of today, there are 40 condos/townhouses listed, 23 are active, and 27 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 38 days. Most of the available units, however, are in the Seascape Resort, which is almost a market in itself.

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 March 2014 was $693,000, the least expensive home went for $407K and the most expensive went for $1.185 million. Here’s what that kind of money buys you in Aptos today:

230 Via Novella sold for $1,185,000 after 66 days on market

7049 Mesa Drive sold for $693,000 after 53 Days on Market

506 Encino Drive sold for $407,000 after 120 Days on Market

What Your Money Buys You – Condos

While the median price for condos in Aptos in March 2014 was $440,000, the least expensive home went for $415K and the most expensive went for $659,500. Here’s what that kind of money buys you in Aptos today:

119 Fife Lane Sold for $659,500 after 92 Days on Market

2621 Willowbrooke Lane ,#106 sold for $440K after 7 Days on Market

312 Seascape Resort Drive sold for $415K after 235 Days on Market

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 April 2014