Santa Cruz First-Time Homebuyer Report for January

The population of Santa Cruz is affluent compared to others in California with a median income of $63,045 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 176.4. Santa Cruz is made up of homes that are older than most with a median of 45 years. The best school in the city is Brook Knoll Elementary School.

Culture

According to Foursquare, Cafe Brasil, Hula's Island Grill & Tiki Room, and El Palomar Restaurant are the most popular spots to eat in Santa Cruz. If you're looking to get a drink, a favorite is Hula's Island Grill & Tiki Room. Lastly, Verve Coffee Roasters is a well-known place to get some coffee.

Price Range

Some of the more expensive homes in California are in Santa Cruz with a median home value of $528,000 and an average list price for available homes currently at $932,726. The Santa Cruz market slowed with a 3.7% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 33.7 monthly average with 26 homes sold.

Curious as to which homes have been getting the most attention in Santa Cruz? These listings have stirred up interest and produced the most views:

$1.2M   $2.2M   $524K  

Typical Dwelling

The typical dwelling in Santa Cruz is a three-bedroom detached home worth about $986,692. To purchase a similar home, a buyer with good credit and a $197,338 cash down payment could obtain a mortgage with a 3.95% interest rate and a $3,238 monthly payment. The property tax rate is $5.92 per $1,000 of taxable assessed value.

Get started right now by checking out Santa Cruz homes for sale or reviewing Santa Cruz real estate trends.


Data reported through 1/12/2017

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David Lyng Real Estate
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