Santa Cruz, CA - Latest New Home Sales Swing Upward
Posted on: May 07, 2012 09:44:57 AM
New home sales in the Santa Cruz, CA market jumped year-over-year in February, moving up after staying consistent in January from the year earlier. Sales stood at one in February after being zero a year earlier and the figure was unchanged at one in January from a year earlier.
A total of 11 new homes were sold during the 12 months that ended in February, up from 10 for the year that ended in January.
Sales of new and existing homes rose year-over-year in February after also rising in January year-over-year.
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Other Market Trends
Foreclosures and real estate owned (REO) sales fell in February from a year earlier, but remained a burden on the market. Together, foreclosures plus REO sales represented 46.9% of existing home sales, down from 58.5% a year earlier. The percentage of existing home sales involving foreclosures dropped to 25.8% in February from 36.0% a year earlier while REO sales as a percentage of existing home sales dipped to 21.1% from 22.6% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Santa Cruz, CA - Latest New Home Sales Swing Upward
Posted on: May 07, 2012 09:44:57 AM
New home sales in the Santa Cruz, CA market jumped year-over-year in February, moving up after staying consistent in January from the year earlier. Sales stood at one in February after being zero a year earlier and the figure was unchanged at one in January from a year earlier.
A total of 11 new homes were sold during the 12 months that ended in February, up from 10 for the year that ended in January.
Sales of new and existing homes rose year-over-year in February after also rising in January year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) sales fell in February from a year earlier, but remained a burden on the market. Together, foreclosures plus REO sales represented 46.9% of existing home sales, down from 58.5% a year earlier. The percentage of existing home sales involving foreclosures dropped to 25.8% in February from 36.0% a year earlier while REO sales as a percentage of existing home sales dipped to 21.1% from 22.6% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence