The housing market has caught on fire over the last 18 months with an approximate 20% appreciation in 2021 alone. That in itself is an astounding figure that many thought we would never see, but this year has proven to be no slouch. Although maybe not to the extent of 2021, if the current pace continues it should be a close second to last year’s figure. However, there is still plenty of time as we barely close out the first quarter of the year.
But one record that has remained through the years was recently shattered on March 23rd 2022 with the closing of 111 Miraflores Road in Scotts Valley which closed for $1,470,000. Although that figure in itself may not raise eyebrows, the fact that it was for a 2 bedroom, 2 bath single level home of 1,153SF is what is making headlines as it translates to $1,274.93 per square foot, the highest anyone has ever paid per square foot anywhere in Scotts Valley. Whether other sales were sprawling properties in the millions of dollars, plenty of acreage and top-of-the-line finishes and fixtures, none sold at a higher price per square foot.
Listed by Robert Aldana of Keller Williams Realty in Scotts Valley (author of this article), the home featured an upgraded kitchen and baths, upgraded flooring throughout, newer double paned windows and a meticulous and spacious lot of 9,148SF.
You can view a full image gallery, 3D virtual tour, floorpans with “hotspots”, video and more at www.111miraflores.com
Currently in the Scotts Valley area, there are 28 single family homes for sale with 10 being available and 18 already in contingent-pending status. The average price per square feet for these homes is $672.69.
The average price per square feet on closings this year as of this writing for single family homes is $786.49, with a total of 29 closings.
A total of 5 condos and townhouse have closed year-to-date, averaging $635.77 per square feet.
REALTOR® since 1986
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ABOUT ROB: Robert Aldana is a 35+ year licensed real estate veteran with Keller Williams Realty, and also a long-term resident and homeowner in Scotts Valley.
Robert is the agent chosen by more Scotts Valley area home sellers and buyers than any agent or team, and has been awarded the Santa Cruz Sentinel Readers Choice Award as the Best REALTOR® in Scotts Valley for four straight years. Robert is also the ALL-TIME leading real estate agent in Scotts Valley sales, and most recommended agent in the NextDoor online community.
Read the over 60 “Five Star” reviews at www.robertaldana.com/testimonials