Zillow Advice: Buying a Foreclosure - current santa cruz condo market ? http://www.zillow.com/advice-thread/current-santa-cruz-condo-market/468182/ Zillow Advice | Zillow Real Estate Hi!  Yes, condos do ... http://www.zillow.com/advice-thread/current-santa-cruz-condo-market/468182/ Hi!  Yes, condos do appreciate in value - and they can depreciate in value as well, just like a single-family home.  In my view, the condo market tends to be more volatile than the market for single-family homes in general. However, the same thing can be said of entry-level homes, which are also more susceptible to price swings than the mid- and upper-end of the single family home market.  The values for condos and entry-level homes in our market have fallen the most over the recent years, and I would expect that they will also increase the most over the next few years as well - meaning that now may well be a good time to get in on the market. Tue, 27 Nov 2012 14:56:00 GMT http://www.zillow.com/advice-thread/current-santa-cruz-condo-market/468182/ 2012-11-27T14:56:00Z