October Closings Rise to .998 of Asking Price, Average SP Over $1,100,000
The Numbers SINGLE FAMILY HOMES After two months of closings at about 97% of asking price for single-family homes in the Scotts Valley area, October closings came in at a crisp .998 of asking price. That is almost as close to 100% as you can get, and about a 3%...
Home LP to SP Ratio Down Second Month in a Row – Rates Down Again
Up and down, up and down. That is how the housing market goes according to the time of the year, and according to what interest rates are doing. As we go into the last quarter of the year, it appears that new inventory could be on the decline as 8 new listings have...
August Real Estate Stats in Scotts Valley Shows Less Homes For Sale – High Sales Price to List Price Ratio
Less Homes For Sale The month of August was a month with less listings per day, with .87 per day, then just two months prior when June showed an average of 1.19 per day. This represents a drop in new listings on the market of 27% in just two months. Single-Family...
Numbers in for First Half of 2014 SV Real Estate Market Show Surprising Trends
Click to see spreadsheet in full screen 2014 Shows Similarities to 2013 2014 has been a banner year for the real estate market in and around Scotts Valley. Pretty much what was predicted by numerous real estate experts, including yours truly. You heard and read about...
May Means More Listings
The numbers are out for May 2014 in the Scotts Valley real estate market and the numbers show the following interesting and important stats: 31 for 31 - There were 31 new listings in the month of May, one per day. The previous month, April, had 30 new listings in 30...
What’s Hot & What’s Not in the SV Real Estate Market
Want to know what’s hot and what’s not in the Scotts Valley real estate market? What’s Hot: Interest rates – they have come down averaging 4.18% for a 30 year fixed, and they are expected to hit 5% or more by next year according to many. Money is cheap right now....
Pending Sales Jump from 21% to 38% in 2 Weeks
More Homes For Sale, But Still Not Enough for Waiting Home Buyers The April real estate numbers for the Scotts Valley area are out and it was a month with rising inventory and a surge in pending sales from 21% on April 17th to 38% at month's end. Much of the jump was...
Secrets of Scotts Valley’s Success
RE-POSTED 04/27/2014 - Throughout the years, many studies have been released that show how home-ownership rates affect families throughout the country. One particular report, (PDF file) done several years ago by the U.S. Department of Housing and Urban Development...
More Homes on the Market, Less Pending Sales Through Mid-April
More Homes For Sale and Less Pendings Balancing The Real Estate Market April 18, 2014 - Just over midway through April, there appears to be an easing of the tight real estate market that has existed in the Scotts Valley area since late 2013, as more homes remain on...
New Listings Per Day Averaging 1.74 First 8 Days of April
As has been the prediction in recent real estate reports these past couple of months, more and more homes are coming on the market which is good news for home buyers. As of today, April 8th, there are now 11 new listings so far this month. In March Scotts Valley...
