Blog

In late August of this year, homeowners Jason and Holly Zapala ran into an opportunity that they could not pass up, and that was buying a home next to Jason’s parents and being neighbors to them in Scotts Valley. It was a dream to them that they were not sure how they would be able to pull off. What happened next was just the beginning. Their first step... (more)

“Robert, I have been looking for a home for some time now and we just can’t seem to have any luck finding either finding a place, or getting our offers accepted. We look and look and when we find homes that we like, we immediately call the listing agent and have them show it to us and our agent is quick to respond with an offer but we keep getting beat out. Any... (more)

The Scotts Valley real estate market continues to thrive with a wave of buyers from Silicon Valley and beyond snatching up available homes at a pace that could lead a record breaking year in home appreciation. Single Family Closed Sales YTD – As of this writing, May 13th 2015, the average list price for closed single-family homes is $799,606 and the average sales... (more)

If you were able to purchase a home this first quarter, you no doubt experienced a flurry of activity between home buyers as you tried to get your foot into the door of home-ownership in Scotts Valley. Fueled by the coming of home buyers coming from Silicon Valley, many with cash, demand far outweighed supply once again resulting in an average sales price to... (more)

2014 was another banner year for the Scotts Valley real estate market as the average sales price of single family homes went from $749,325 in 2013 to $809,229, an increase of $59,904. There was also an increase in closed sales from 125 to 138 from 2013 to 2014 which represents a 10% increase. The sales price to list price ratio was 99%, meaning the sales price... (more)

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% difference upwards versus closings in August and September of this year. In other words, homes that... (more)

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 Homes Of the 27 new listings, 22 were single-family homes. 8 of the new single-family home listings... (more)

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 the low inventory and how it was driving prices upwards as the supply just could not meet the... (more)

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 days so the trend stayed even at 1 new listing per month in the past 61 days. New Listings Stay... (more)

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. Vineyards – only one for sale and it is pending. People are looking... (more)