Home Values

Scotts Valley Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$697,200

  • 6.6% 1-year change
  • 3.0% 1-year forecast

The median home value in Scotts Valley is $697,200. Scotts Valley home values have gone up 6.6% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Scotts Valley is $381, which is lower than the Santa Cruz Metro average of $422. The median price of homes currently listed in Scotts Valley is $700,000 while the median price of homes that sold is $642,077.

Foreclosures will be a factor impacting home values in the next several years. In Scotts Valley 1.5 homes are foreclosed (per 10,000). This is lower than the Santa Cruz Metro value of 2.0 and also lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Scotts Valley is 5.2%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Scotts Valley homeowners underwater on their mortgage is 6.0%, which is lower than Santa Cruz Metro at 9.8%.

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Relative ZHVI
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Scotts Valley Market Overview

Data through Oct 31, 2014
  • $697,200 ZHVI
  • 3.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $700,000 Median listing price
  • $642,077 Median sale price (Sep 30, 2014)
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Scotts Valley Market Health

Data through Oct 31, 2014
  • 7.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 6.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.5 homes(Sep 30, 2014) Scotts Valley
2 homes Santa Cruz Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Monte Sereno $2,447,700
Los Gatos $1,465,800
Lexington Hills $843,500
Name Median ZHVI
Aptos $726,600
Santa Cruz $709,000
Soquel $657,600
Name Median ZHVI
Capitola $657,500
Ben Lomond $501,900
Felton $474,900

Listings & Sales

Data through Oct 31, 2014
  • $381 Median list price / sq ft
  • $380 Median sale price / sq ft (Sep 30, 2014)
  • 28.0% Listings with price cut
13.1%
Sold below listing
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Scotts Valley Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,571 Santa Cruz Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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