Beach House Movement in the Last 6 Months

By Datta Khalsa, Broker

Properties in the prime beach neighborhoods of Santa Cruz County have dropped and at the reduced prices many are now selling, often to all-cash buyers.

Attached is an overview study I have run for you of market activity on local ocean-front properties over the past 6 months, followed by a map with brief descriptions and photos of each of the homes in the study.

The 9 properties in escrow were priced at 90.8% of their original list price at the time they went pending. And for the 28 closed sales we are seeing average final selling prices at 76.7% of the original asking price.

Datta Khalsa is the Broker and Owner of Main Street Realtors in Soquel.  He can be reached at (831)818-0181 or datta@mainstrealtors.com