Scotts Valley Real Estate Market Sizzling as Lack of Inventory Pushes Prices
The thing about supply and demand is, the more demand and less supply, the higher the prices for that product. Of course, this is not rocket science and a theory known by all. And the Scotts Valley real estate market of course is seeing the result of such a high...
Scotts Valley Home Buyers to see Relief Soon as New Home Inventory Looms
As the rainy season gives us all a break with only 2 days of rain over the next couple of weeks, according to weather forecasts, home buyers should see some relief in terms of more home inventory in the Scotts Valley area as the rains had put a damper on home sellers...
Wet Weather Equals Slow Real Estate Activity
In addition to all the news about what the storms are doing, the wet weather is also keeping the Scotts Valley real estate market dry as many of those thinking of selling are holding off until the rains subside. To which I say, who can blame them? It is tough to show...
Average Scotts Valley Single Family Home Sales Price Up 15% in 2016
The 2016 Scotts Valley real estate market ended up doing what many thought it would, and that was to have another banner year as the average sales price for single-family homes was up by 15% to an average of $947,239. This projects to an average of $121,373 higher...
Scotts Valley House Almost Doubles in Value in Less Than 2 Years
Can a home really DOUBLE in value here in Scotts Valley in less than 2 years? Consider this... A 4 bedroom, 3 bath single-family home with 1,839sf on Grace Way just closed (16 DOM) yesterday at $1,033,000 after the same house closed at $935,000 just last year on...
Mortgage Rates Up, Scotts Valley Real Estate Inventory & Pending Sales Down During Holidays
As we head into December and are right in the middle of the holiday season, the available housing inventory in Scotts Valley is at one of it's lowest points all year, as is usually the case at this time of the year, and interest rates have shot up about .5% since the...
City Council to Consider City Planning Recommendation to Approve Dunslee Housing and Commercial Project
On Wednesday, December 7th, the Scotts Valley City Council will be considering the recommendation to approve the "Dunslee Way" housing and commercial project which consists of 25 townhouses and a commercial building with 3 of those townhouses being "affordable...
Scotts Valley Real Estate Market Showing No Signs of Slowing Down Going Into the Holidays
With just over a week to go before the start on the Holiday Season, the Scotts Valley real estate market continues to roll with less and less inventory and more and more of that inventory being reported in pending status. SINGLE FAMILY HOMES At this time there are...
2016 Scotts Valley Real Estate Market Blows Past 2015 Figures Through 3rd Quarter
The talk among many locals and even real estate practitioners just as the market cooled in June of this year was that we were about to see a major real estate correction. But as the third quarter of 2016 ended, gone were many of the fears as we saw pending sales in...
Scotts Valley Real Estate Market Ripe for Move-up Buyers as Low End Price Point Hot, Higher End Cool
The latest trends in the Scotts Valley real estate market have made the move-up buyers who are needing more space take note as interest rates have stayed low, while townhouses and condos are a hot commodity, as are homes in the $800,000- price range while higher end...
