What an incredible fall it has been! The market in Santa Cruz has finally opened up, with sellers deciding that this may be the time to sell and people who need to sell to buy taking the leap when they see that homes which are priced right and marketed properly will sell and close in 45 days.A couple I met at open house almost a year ago, who had been afraid to sell because they were worried that they would never find a replacement house, trusted the process and just sold their home on the West Side. They worked hard to prepare for the market, and received a multiple offer. They are now waiting to move in to the wonderful new home I found them on the West Side.
A new trend I am seeing here in Santa Cruz, is people who are established in their homes, who are deciding to purchase a second "get away" home within the county! I just sold a home in the Aptos Hills to clients who currently live on the West Side. The Aptos house is less than four miles to the Freeway, and was completely redone from the bottom to the top by its former owner. It is a little nest; a get away they can reach in less than fifteen minutes, and provides as much privacy as if they were in Lake Tahoe, without the drive.
Last year, I sold a beach house, near the gate of "Privates" to a couple who live in the hills of Soquel, and then, two months later, another Soquel couple did the same thing. Neither of these people are moving; they are simply investing within the county for their change-of-pace home. Another example; a couple who commute internationally, who live in Seabright in a house with a great ocean view, but heavy traffic on the weekends, bought a beautiful home in Aptos, with a pool and a vineyard, as their get away. ( They also host international guests and use it for her business).
All of these people are very smart in business. They see these choices as a solution which keeps their options open and are combining the pleasure of having a second home in a different environment, with a good decision, building equity in diverse real estate investments within the county.
As traffic gets heavier, this solution seems to work for some people. They do the ultimate " stay cation".
Interest rates remain low... if you are thinking of making a move, please call or email me and we can discuss your vision. It is both a great time to sell and to buy.
