Santa Cruz Shelter in Place 2020: Day 60
Can you believe that yesterday was Day 60 of the Shelter in Place order here in Santa Cruz? I hope you are all staying happy and healthy out there! One of the most exciting things to happen in our household yesterday, was that we bought a pack of toilet paper! We were down to our last two rolls and it’s such a relief to find more. It’s weird how difficult it is to find toilet paper these days. Are you guys having trouble finding it too?
It’s so nice having my cousin here from Brazil, but it is so weird to not be able to hug her, have her sit close to me, or touch her at all. Every time we are interacting, it’s always from a distance and we both wear masks. It’s really frustrating to not be able to have any physical contact with her and makes us both hate the virus. What are you finding to be the most frustrating about the current situation?
Later on I had a nice talk about the current Santa Cruz real estate market with a local appraiser, and I wanted to share with you all what he told me. He said that he is currently really busy. And that he is getting 50% of his business from refinances because of the interest rates being so low and about 50% from new purchases. And that out of all of his orders, only one contract was canceled out off all of them, which is pretty amazing. He also said that he’s not currently marking the appraisals as a declining market, which is good. That means that the prices in the Santa Cruz county real estate market are stabilized. Just wanting to keep you all informed on the Santa Cruz real estate market from an appraiser’s perspective! If you have any questions about the current market, don’t hesitate to reach out to me!
I hope you guys are well and stay tuned for day 61 of the Shelter in Place here in Santa Cruz, California!
If you are feeling lonely during the Shelter in Place and want to talk please, please feel free to reach out to me. Know that you are not alone in this. We got this! You can sign up for a complimentary and confidential call with me using the Calendly link HERE. I look forward to chatting with you!
If you are within the at-risk population, and are in need of essentials during this Shelter in Place, or a face mask, please feel free to reach out to me. I would be happy to bring food and supplies to your doorstep. If you are a Santa Cruz business owner, please let me know how the community can support you during this time. I’d love to come by, film, and promote you on social media.
Real Estate Update Time: We’ve seen quite a few new listings come on the market this 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.
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