Capitola Real Estate Market Sees Home Sales Down

The Capitola remained below its 12-month average sales volume this week as sales fell 11.1% to hit eight homes sold over the last 30 days. On the other hand, close-by Santa Cruz registered 45 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $705,750 over the latest reporting period for Capitola, down from $825,000. In spite of the decrease in sales, a low three months of inventory signals that Capitola is a seller's market.

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Demographic facts about Capitola:

  • 39 years old is the median age of all the homes in the area.
  • The rating in which jobs are expected to grow is 66. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $4,974 for each student in this area. ($5,691 = national average)

Data reported through 10/13/2016

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