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Santa Cruz County Real Estate Market Trends Past 3 Years - Q2 2024

Santa Cruz County, known for its scenic coastal views and relaxed lifestyle, continues to be a desirable destination for homebuyers. As of Q2 2024, Santa Cruz County’s real estate market shows a number of 349 sold single-family homes. Homes are selling relatively quickly, with single-family homes averaging 30 days on the market. This rapid turnover highlights the strong demand for properties in this county, driven by its picturesque surroundings and appealing living conditions. The quick pace of sales indicates a competitive market where buyers need to act swiftly to secure homes. Similarly, the condominium and townhouse segment in Santa Cruz County is performing well. As of Q2 2024, there are 102 sold units, with these properties averaging 27 days on the market. This quick turnover for condos and townhouses indicates strong demand, particularly for those seeking a more affordable entry into the market while enjoying the same beautiful location and amenities.

The price per square foot in Santa Cruz County stands at $892 for single-family homes, reflecting stable and high property values. Over the past three years, the price per square foot has increased from $678 in Q1 2021 to $892 in Q2 2024, indicating a strong and consistent appreciation in property values. The county’s blend of coastal charm and suburban amenities makes it an attractive location for homebuyers, contributing to the strong demand and competitive pricing. For condominiums and townhouses, the price per square foot has risen from $606 in Q1 2021 to $707 in Q2 2024, reflecting the increasing value of these properties. This trend shows that even more affordable housing options are appreciating significantly, making Santa Cruz County a solid investment for various types of buyers.

The median sale price in Santa Cruz County is $1,375,000 for single-family homes, showcasing the ongoing demand and competitive nature of the market. Historically, the median sale price has seen a significant rise from $1,100,000 in Q1 2021, reflecting a substantial increase over three years. These significant median prices reflect the desirability of Santa Cruz County as a residential destination, where the combination of natural beauty, economic opportunities, and a vibrant community life creates a strong market. The condominium and townhouse market also shows strong performance, with a median sale price of $811,750 in Q2 2024, up from $571,000 in Q1 2021. This increase highlights the growing demand and rising property values in this segment as well. As we move further into 2024, these trends are expected to continue, reinforcing Santa Cruz County’s position as a key residential area in the region. The continued influx of homebuyers, coupled with the county’s appealing lifestyle, will likely sustain high property values and competitive sales across all types of residential real estate.

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