San Lorenzo Valley Home Prices and Trends – 2014

SLV Real Estate 2014

In 2014, the average Ben Lomond home price was $542,598 – up about 20% over 2013.    Much of this increase was because the top 2 most expensive homes sold in the San Lorenzo Valley were in Ben Lomond.    2 spectacular homes on acreage sold for $1,075,000 and $1.2 million.    The cheapest Ben Lomond home sold for $205,000 – let’s just say it “had issues.”   On the other hand, I thought it was a great investment property.

Real estate prices in Felton averaged $502,985 during 2014 – up about 16% over 2013.    The most affordable Felton home sold for $250,000.   It was a serious fixer upper but on a flat lot close to Henry Cowell State Park.     The most expensive Felton property sold for $960,000 after being on the market for quite a while.   It was on about 2.5 acres.

Homes in Boulder Creek are amongst the most affordable in the region.      During 2014, BC home prices averaged $437,000, up about 14% from 2013.   In 2013, Boulder Creek’s home prices rose to $398,000 (up 28% on average over 2012).   While the more affordable homes are typically on smaller lots (1/10 to 1/4 acre), there are many homes available on generously sized parcels of an acre or more.  Higher end homes in Boulder Creek typically sell for between $600,000 and $800,000.     In 2014, the 3rd highest priced home in the San Lorenzo Valley sold in Boulder Creek: a beautiful home on 4 acres sold for $1 million.   The least expensive home sold in Boulder Creek was a red-tagged cabin on 1/2 acre – $130,000.

Home prices in Brookdale, one of four communities in the San Lorenzo Valley, are quite similar to Boulder Creek and Ben Lomond, the neighboring towns.    Being a small village, only 12 homes sold during 2014.   The average Brookdale real estate price was $380,000, down about 3.5% from 2013.   Because the number of sales is so small, it’s not statistically significant.   The most expensive Brookdale home sold for $535,000 but really was rather average on most counts; the most affordable Brookdale home sold for $220,000.   While nicely updated, I don’t believe the house had permits.

Be sure to visit my website  for more real estate resources!

Looking for your dream home?     I’ll help you find financing, negotiate with the seller, inspect what concerns you, and hand you the keys!

Thinking of selling?   I’ll help you value your property, suggest how to best prepare it for sale, and market it using my proprietary system.   I offer step by step assistance with disclosures, negotiations, and managing all the details that result in successful sales.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s