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:

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 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:

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:

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: