Here’s why it’s hard to tell what your home will sell for today.


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Merry Christmas, happy holidays, and happy New Year! We hope you’re all enjoying the holiday season. Today we wanted to give you a quick market update because it’s too hot to believe right now. 


The average price in Santa Cruz is $1.4 million, and the median price is $1.26 million. The average number of days on market is 19. The greater Bay Area is also incredibly hot, with an average of 12 days on market. Bay Area sales are down 22%, but that's because of our extremely low inventory, which is keeping things very competitive. 


In a hot market like this, it’s hard to know what your home will sell for. We can establish a floor price, but we don’t know the upper limit. We’ve been repeatedly surprised at how much our listings are selling for, sometimes hundreds of thousands above what the comparable sales can justify. 


This is great if you’re considering selling your home. Our job as Realtors is to maximize the exposure of your property and make sure you get the highest price. Many of the homes we’ve sold this year have set all-time sales records in those neighborhoods. It has been mind-blowing to watch it happen.


If you have questions about the value of your home or anything else real estate-related, feel free to call, email or text us. We’re happy to assist you.