What is going on with the Scotts Valley area real estate market? There is no doubt a cooling taking place but is it seasonal or something else?
Also, the average sales price to list price ratio is about 2.6% lower than it was last year, yet home sales in the $2 million plus range have increased by 50%. And… there was a substantial surge in average sales price in the second quarter and the amount of $2 million homes has increased by 50%.
But YES, you still can buy a nice single-family home for under $900,000 in Scotts Valley.
And what’s going on with the condo-townhouse market? Right now only 10% are in pending status.
So what does this all mean? A lot of different things.
The numbers never lie and in this video I break down what it all means in less than 15 minutes.
• To view the spreadsheet that I discuss in this video, click on the following link: https://bit.ly/2G8S9Mp
As always, Happy Selling and Happy Buying!
REALTOR® since 1986
DRE # 00921165
Keller Williams Realty
831-252-3959 Direct Line
ABOUT ROB: Robert Aldana is a 32+ year licensed real estate veteran with Keller Williams Realty, and also a long-term resident and homeowner here in town. In 2015, 2016, 2017, and 2018 Robert has been the agent chosen by more Scotts Valley area home sellers and buyers than any agent or team, and Robert was recently awarded the Santa Cruz Sentinel Readers Choice Award as the Best REALTOR® in Scotts Valley for 2016, 2017 and again in 2018.
Robert was also voted 2017 Favorite Neighborhood Real Estate Agent in Scotts Valley in the first NextDoor Fav Business Awards by local residents, and won again in 2018.