Anyone trying to purchase a home in Santa Cruz County recently might have seen their dream-home desires thwarted by a competing all-cash offer. Why is this happening … and what can non-millionaires do about it?
Maria Gaura
Posted inHousing & Development
‘It’s infuriating’: Why Santa Cruz’s earliest ADU adopters are asking where to find their perks
The original restrictions faced by those who built ADUs when they became legal in 1986 — such as owner occupancy for renting them out, parking and setbacks — are no longer in order for today’s owners taking advantage. So why haven’t the terms been updated for those ADU pioneers?
Posted inBusiness & Technology
Why red-hot Boulder Creek & the 95006 are bucking expectations: Tech influx began with social, political unrest
Looking for refuge in the redwoods, many “people in Silicon Valley wanted to get out of the cities. I’ve been working here since 2004 … and this is the busiest year we’ve ever had,” said one local realtor. A closer look at how and why a fire-ravaged zone remains one of the county’s hottest real estate markets.
Posted inHousing & Development
Santa Cruz home prices rebound in July, still below record-breaking May
The median price of 188 single-family homes sold countywide in July climbed to $1,192,000 — 5% higher than in June but still below the all-time high of $1.3 million recorded in May. Overall, median single-family home prices in the county have increased approximately 18% year over year.
Posted inHousing & Development
A market correction? Record home price escalation hits pause — at least for the month of June
The median price in Santa Cruz County for single-family homes dropped to $1,175 million in June, down from $1.3 million in May — nearly a 10% drop month over month. Was it just a blip or a sign of things to come?