Santa Cruz Shelter in Place 2020: Day 104
On Day 104 of the Shelter in Place, here in Santa Cruz, I had a meeting for a listing that we have coming on the market where we met with a Stager to start the process of getting the home ready for sale. Part of the behind-the-scenes things that happen when you are putting a home on the market for sale here in Santa Cruz, are getting it ready for photos, video, and public marketing. And staging helps to make it look the best that it can possibly look, in my opinion. That way a buyer can imagine themselves living in the space. So by staging a home, it makes the home seem more cozy and it makes it prettier for photos. I am excited to see how this one turns out at 3072 Aptos Hill Lane!
I have some super exciting news, Danny and I went to BID, Built in Distributers, to go look at new kitchen appliances because it is finally time to do a little kitchen remodel. We had to brace ourselves, because we knew that this project was not going to be cheap!
Santa Cruz Shelter in Place 2020: Day 105
On Day 105 of the Shelter in Place we decided to leave Santa Cruz, at 4 in the morning, for a camping trip. On the drive, Danny bought himself a Bang energy drink and he actually let Ellia try a sip! Danny wasn’t the biggest fan of the drink, but Ellia seemed to really like it. Later on, we saw a whole bunch of elk cross the road! It was so awesome!
During the camping trip, it was a no-vlogging zone, so that I could be fully present with my friends and family. So, I’ll post again starting from Day 111! So stay tuned! Hope you are all happy and healthy!
Real Estate Update Time:
We’ve seen quite a few new listings come on the market this week, more and more each week. We are about 2.7 months of absorption rate. Which means that it would take 2.7 months for all of the inventory that’s on the market right now, to sell. So, that’s still considered a seller’s market. But despite all that, my client who owns 4300 Soquel Drive #226 is wanting to sell now! And we’ve reduced that property to $379,000, which is a really good deal. It’s in Alimur Park, which is a resident owned park, and the home is absolutely stunning with high ceilings, and it’s light and bright. Check out the Queen Bee Home Tour video of this home, which was entirely my daughter’s idea.
I have some good news again this week! The California housing market rebounded in June with its largest month-to-month increase in nearly 40 years, although year-to-date statewide home sales were still down 12.9% from June 2019. “Home sales bounced back solidly in June after hitting a record bottom in May, as lockdown restrictions loosened and pent up demand driven by record-low interest rates roared back,” said 2020 C.A.R. President Jeanne Radsick.
And Zillow reports that homes are selling faster than ever before, and a new study has indicated 36% of Americans would want to buy a home entirely online during the coronavirus outbreak. Digital tools widely adopted during the coronavirus pandemic are giving people the ability and the confidence to buy or sell a home in a tight real estate market where homes are selling at their fastest pace in two years.
Sales of newly built homes surged 55% year-over-year in June—the highest pace of sales growth in homebuilding since the housing boom back in 2005 and 2006, according to new data from John Burns Real Estate Consulting.With a limited number of existing homes for sale, homebuilders are finding more buyers turning to them for options. This latest housing boom is being entirely driven by the coronavirus pandemic, CNBC reports.
If you are currently wondering what the Santa Cruz Housing Market is doing during the Coronavirus Pandemic, feel free to reach out to me. I’d be happy to answer any questions that you may have. But on March 28th, President Trump updated the essential business list and added Residential Real Estate. Meaning, that Realtors are allowed to continue working, while exercising extreme precautions, as mandated by the CDC.
With that being said, if you are currently looking to Buy a Santa Cruz Home, during the Shelter in Place, I would love to assist you in your Santa Cruz Home Search. There is not the usual amount of inventory as we normally see at this time, but mortgage rates are historically low. Now may be a great time to buy, as long as you’re willing to be patient for your dream home to come onto the market.
If you are currently thinking about Selling Your Santa Cruz Home during this Shelter in Place, now may be a great time to put your home on the market. With inventory being low, the demand increases. Meaning, that some homes are seeing multiple offers and bid wars. I’d love to schedule a complimentary and confidential consultation with you to see how Fox Realty Group INC. can creatively market your home!
Santa Cruz Realtor
David Lyng Real Estate