Santa Cruz Shelter in Place 2020: Day 111
Day 111 of the Shelter in Place Order here in Santa Cruz was our first day back in town after our family camping trip. And after the trip, Ellia had a little dreadlock! She also had a great morning where she went surfing for 4 hours and then we went on a little breakfast date at Iveta. It felt so nice and normal to go out for breakfast and sit outside.
And Danny’s work van was finally completed and I got to see the big reveal! It was cool cause all these gold flakes were flying around and the van looks amazing! I love it. Ellia likes “coordinated dinners”, which means I put the effort into cooking. And so I made a bunch of roasted veggies with some Corralitos sausage! And it was delicious.
Santa Cruz Shelter in Place 2020: Day 112 & Day 113
Day 112 and Day 113 of the Shelter in Place here in Santa Cruz encompassed a lot of surfing. I took my morning walk to go watch Danny and Ellia surf together, and it has been really nice to see them bond over their love of surfing. But truth be told, I’ve been getting a little jealous because Danny and Ellia have this fun thing that they get to do together, and I am not getting to do it with them. And Ellia told me that Danny is at 100% love and that I am at 99% love because he takes her surfing. So I am feeling really grateful that Danny bought me a wetsuit so that I can go surfing with them too, and maybe move up in the “love rankings.” Danny and I also went to Buell Surf Shop, in Santa Cruz, to get me a surfboard! So now we are officially going to be a surfing family!
Stay happy & healthy! And stay tuned for the following videos from this season of Sheltering in Place here in Santa Cruz!
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