Santa Cruz County Home Prices – January & February 2012
As the chart below shows, prices are moving around month to month, but there appears to be a central trend of stability at just above the $500,000 mark.
229 Single Family Homes sold across Santa Cruz County during the first 2 months of 2012. The average home sales price fell to $452,869 in January followed by a rise to $536,253 in February, compared to $523,264 in the 4th quarter.
Results for the 4th Quarter
469 Single Family Homes sold across Santa Cruz County during the final 3 months of 2011. The average home sales price of $523,264, compared to an average price of $542,527 during the 3rd quarter.
Case Shiller studies the housing market across the nation, noting price declines of 3.8% in the 4th quarter of 2011. Karl Case, one of the index’s creators, has some optimism about real estate’s direction, based on census data indicating increased household formation which leads to increased demand for housing.
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