New Downward Trend in Contracts for Aptos Real Estate Market

The Aptos market saw 11 homes go under contract, and failed to break out of an emerging downward trend. The market had total home sales of 12 over the last 30 days, maintaining last week's pace. As contracts trended lower, prices went the opposite direction with the median sales price setting a three-month high at $842,500. There are only two months of inventory available in Aptos and prices are rising, so it is still a definite seller's market, even with the shrinking contracts numbers.

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Demographic facts about Aptos:

  • This area has a population growth rating of 58. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $5.92/$1,000.
  • The commute times can range from: <15 min (23.7%), 15-29 min (38.4%), 30-44 min (18.0%), 45-59 min (8.3%), >60 min (11.7%).

Data reported through 10/12/2016

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