JUST REDUCED BY $90,000: Rare, Single-Level Ocean View Home in Seascape. New Price: $1,099,000
Buyer Activity Picking Up in Santa CruzFor weeks Kim and I have been informing our clients that we feel a distinctive change in the level of activity we are personally experiencing. That’s good for us, but what does that mean for you? Here are the markers we see: 1. Seasonal Change: The Santa Cruz real estate market tends slow in late summer, then pick up in September when vacations are over and the kids go back to school. 2. Interest rates have dropped below the magic number of 5.0 percent for the best borrowers, spurring activity in both refi’s and new purchases. 3. Homes with the best prices, particularly REO (so-called bank owned) properties, are attracting multiple offers and selling within days of hitting the market. 4. Some homes in our area are selling before they have a chance to hit the MLS. 5. Our personal sales transactions have jumped to the highest level we’ve seen in a year. Virtually every offer we’ve made in our client’s behalf has been in competition with other offers (multiple offers). KimFloyd.com is the ultimate resource for Santa Cruz real estate. Whether you are buying or selling real estate in Santa Cruz, Monterey or Santa Clara counties you will find a wealth of information to help you with all of your real estate needs – from up-to-the-minute updates on property listings to great information to help you in your real estate transactions. To enjoy these useful online tools simply click on any of the links on the left, and remember that you can also count on us to help you every step of the way. Please contact Kim Floyd if there is anything we can do to help you. |
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