Home Values

Santa Cruz Metro 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

$635,900

  • 7.5% 1-year change
  • 4.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Santa Cruz Metro is $635,900. Santa Cruz Metro home values have gone up 7.5% over the past year and Zillow predicts they will rise 4.2% within the next year. The median list price per square foot in Santa Cruz Metro is $418, which is higher than the California average of $242. The median price of homes currently listed in Santa Cruz Metro is $649,000 while the median price of homes that sold is $561,500.

Foreclosures will be a factor impacting home values in the next several years. In Santa Cruz Metro 2.3 homes are foreclosed (per 10,000). This is lower than the California value of 2.6 and also lower than the national value of 4.2

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 Santa Cruz Metro is 5.0%, which is lower than the national value of 6.4%. 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 Santa Cruz Metro homeowners underwater on their mortgage is 8.1%, which is lower than California at 12.6%.

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Relative ZHVI
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Santa Cruz Metro Market Overview

Data through Nov 30, 2014
  • $635,900 ZHVI
  • 4.2% 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
    (Nov 30, 2015)
  • $649,000 Median listing price
  • $561,500 Median sale price
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Santa Cruz Metro Market Health

Data through Nov 30, 2014
  • 9.3/10 Very 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.
  • 80 Average days on Zillow (Oct 31, 2014)
  • 8.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.3 homes Santa Cruz Metro
2.6 homes California
4.2 homes United States
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Cities in Santa Cruz Metro

Name Median ZHVI
Aptos $737,200
Santa Cruz $721,500
Scotts Valley $707,100
Name Median ZHVI
Soquel $668,500
Capitola $662,100
Ben Lomond $509,800
Name Median ZHVI
Felton $479,300
Boulder Creek $421,500
 

Listings & Sales

Data through Nov 30, 2014
  • $418 Median list price / sq ft
  • $405 Median sale price / sq ft
  • No data Listings with price cut
14.8%
Sold below listing
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Santa Cruz Metro Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,614 Santa Cruz Metro
    $2,177 California
    $1,342 United States

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

  • 2.6 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
  • $2.02 Rent list price / sq ft
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