In the wake of a passionate election season in which affordable housing was one of the major topics of debate, a large housing project was just approved in the City of Santa Cruz. The Pacific Front project is a 205-rental unit housing project which includes ground-floor commercial space and two floors of parking garage. Have you ever heard of Measure O? Under this measure, developers of housing projects must make a certain percentage of their
As 2018 comes to a close, we are starting to see the housing market slow down in California. The statewide sales-to-list price ratio (sales price / list price) hit the lowest level in 20 months and was down from a year ago: 98.5 percent in September 2018 compared with 99.1 percent in September 2017. We are also beginning to see inventory rise as homes stay on the market longer. Can we expect the market to heat up again
We all do it. From time to time, we all procrastinate on our home maintenance and upkeep. What if this year was different? We propose that all those reading this article create an action plan, noting what maintenance and upgrades their home 1) needs most, 2) probably should have, and 3) would be nice to have. Once you’ve made your list and checked it twice, create an action plan for the year (because unfortunately Santa
California just became the first state to require all new construction, starting in 2020, to be solar powered. The new standards apply to new residential single-family buildings and multifamily buildings up to three stories high. The solar power can either be supplied by a new structure’s own set of solar panels, or buy a shared solar-power system serving a group of homes. The formalization of this mandate into the CA Building Code has elicited mixed
If you own property in Santa Cruz, Santa Clara, or Monterey County, today (December 10th, 2018) is the deadline to pay your first installment. If you do not pay by 5:00 PM PST, a 10% penalty will be added to your bill. Note: if you intend to pay your Property Tax by mail in the counties list above, the envelope in which you send the payment must be post-marked with today's date to avoid late-payment
Now that the election season has passed and a majority of the votes have been counted, where do we stand with the many local and statewide housing-related ballot measures? Below we’ve summarized both Santa Cruz County and California ballot measures and proposition results, and what each means for our local market. Note, after November 6th, there is a 30 day “canvasing” period in which vote-by-mail ballots, provisional ballots (including conditional voter registration provisional ballots),
For those that acknowledge the science behind Climate Change, these two words ignite a deep concern in the hearts of many. This is especially true as we watch community members in both Northern and Southern California losing their homes to rampant wildfires. What does Climate Change mean for housing, and how can we adapt? Is there room for hope? The Fourth National Climate Assessment Volume II was recently delivered to congress and focuses on the
“Where do I put my money and time when fixing up my home?” This is one of the most important questions that our clients ask us when they are ready to sell their Santa Cruz Real Estate. We’d like to share some valuable tips and resources that we’ve gathered over the years. Tip 1: Know Your Santa Cruz Home Depending on the neighborhood, Santa Cruz homes can be very unique. The age
Trends At A Glance October 2018 Prices Continue to Rise The average sales price for single- family, re-sale homes hit a new high in September. It was up 15.5% year- over-year to $1,083,100. This is only the second time the average price has been over one million. The median sales price was up 5.9%. Sales of single-family, re-sale homes in September were down 25.1%, year-over-year. There were 128 homes sold. The average
When adding onto or significantly modifying your property, you will likely be required to obtain permits. Unfortunately, the permitting process in Santa Cruz County can be costly. According to this Sentinel Article, the average county Planning Department fees for accessory dwelling units less than 640 square feet are from $11,500 to $4,200. These high costs often disincentives homeowners from build accessory dwelling units (ADU’s). Things are changing. Santa Cruz County Board of Supervisors have approved
What is a Green Home? The definition of a “Green Building” can vary widely depending on who you ask. Green buildings are often constructed in a way and/or with building materials that result in less pollution during construction and energy-consumption over the lifetime of the building. Green features can range from energy-saving features to being zero-net energy (a building that produces all of the energy it consumes). Why Green Homes Are A Good
My husband and I just did the big 12 hour move out here to California. We were given 30 days’ notice and with everything else going on in our lives, we weren’t nearly as prepared as we were hoping to be. Now, I’ve read lots of posts about decluttering my home before moving but it really is easier to say than to do. Here are 3 tips I found most useful during our recent move
It just became easier to legalize unpermitted living spaces on your property. The Problem Do you own a home with unpermitted space? If so, make sure that you understand the risk involved: Building codes are designed to make a structure safe. Regardless of how good your contractor is, if a tenant or visitor gets hurt in an unpermitted space, you may face serious legal consequences. When selling a home, unpermitted spaces is
Technology is making it possible to buy a home in novel ways. Launched by CMG Financial, HomeFundMe is a crowdfunding website that allows family, friends, and others to contribute to your down-payment. One of the main advantages of using the site is that contributions are properly documented to ensure lenders accept the money as legitimate down-payment funds. According to the CEO of CMG Financial, the idea behind the project is not to fund the
The Santa Cruz City Council commissioned an independent and impartial analysis of the Santa Cruz Rent Control and Tenant Protection Act (The Act) or Measure M. This analysis is limited in scope and only focuses on the financial and administrative impact that the "Rent Board" will have on the City of Santa Cruz should Measure M pass. If Measure M is voted into law, a City Rent Board comprised of City residents will be created.
The “Santa Cruz Rent Control and Tenant Protection Act”, or Measure M, which proposes to establish long-standing rent control and just cause for eviction regulations will be on the November ballot. You can find the full text of the measure here. If you own or plan to own a rental property in the City of Santa Cruz, please take time to read this ballot initiative carefully. If passed into law, this ordinance may have a significant
A shortage of affordable housing is not just a local issue here in Santa Cruz County; people around the state are under immense pressure to find affordable housing. As a result, Californians will be voting on more ballot propositions related to housing than ever before according to Ballotpedia’s catalog of housing-related ballot measures. There will be four housing related propositions on the statewide ballot alone. Proposition 1 On a statewide level, Proposition 1 authorize $4
A new report was recently released by the California Housing Partnership, a private nonprofit organization, shedding light on Santa Cruz County’s housing shortage. According to the report summary, Santa Cruz County needs 12,000 additional units to meet present-day demand. If added to our housing supply, these units would ensure that the lowest-income households would not spend more than 30% of their annual income on housing -- a federally recognized definition for affordability. In November,
If Measure M, the Santa Cruz City Rent Control and Just Cause for Eviction ballot measure does not pass, new relocation assistance laws may still come into affect. Santa Cruz City has drafted an ordinance-amendment, creating a law that will require landlords to pay a relocation assistance fee to displaced tenants and tenants that must move because of "large" rent increases. To read the proposed ordinance amendments (in red), click here and click here for additional information.
Santa Cruz County Coastal Zone Map: What is the Coastal Commission? The California coast is a unique treasure loved by locals and visitors alike. To protect California’s coast and ocean for present and future generations, citizens came together in 1972 to enact the The California Coastal Conservation Initiative. Through this initiative, the Coastal Commission came into being. Four years later, the State Legislature enacted the California Coastal Act, which is the primary law that
Trump’s tax tariffs on lumber, steel and aluminum may increase the cost of new housing. In November of 2017, the US set final total tariffs for most Canadian softwood lumber producers at 20.8%. According to Aaron Terrazas, senior economist at Zillow, this caused the price of lumber to jump nearly 15% and added $6,000 to $10,000 to the cost of a newly built median-priced single family home. By contrast, the the National Association of
Have you ever known that a respected guest was coming over, and immediately started noticing all the things in your home that needed straightening up? Taking this a step further, when you put your home on the market, imagine how you’ll feel when contemplating the prospect of potential buyers walking in and out of your house during open houses and showings. If you are not planning to move your belongings out of your home before
We may be at the beginning of a market shift. Realtor.com’s Chief Economist Danielle Hale reports that Pending home sales remained lower than one year ago for the sixth consecutive month in spite of inventory beginning to become more available. Six months of declining pending home sales year over year suggests we are experiencing market movements that cannot be explained away by seasonal variation. According to Hale, a mismatch in price between what’s available
When planning your next real estate purchase or sale, imagine having up-to-date, accurate market statistics at your fingertips. The Schneider Estates Real Estate Report Dashboard allows clients to analyze local markets in depth and it’s easy to use. Watch this short tutorial and see for yourself: Save this link so that you can access the dashboard anytime: http://schneider.rereport.com/ Questions? Feel free to contact us: (831)
The installation of solar panels has been increasing for over a decade. The graph below shows total solar capacity* in California over time. According to surveys, a majority of homeowners choose to “go solar” to save money on energy bills and reduce a home’s carbon footprint. source Have you considered installing solar panels on your home or purchasing a property with solar panels? If so, it is important to understand how solar panels
Now that the Rent Control and Just Cause for Eviction measure is officially on the ballot, the counter movement has begun to gather steam. Santa Cruz Together, a grass-roots movement to stop the measure from passing, has collected $60,000 from supporters and hopes to raise up to $200,000 to fund their campaign. The California Apartment Association, nation's largest statewide trade group, has also promised to fight the ballot measure and has raised $403,000 thus
With the passage of Prop 64 and Senate Bill 94*, the Medicinal And Adult-use Cannabis Regulation And Safety Act (MAUCRSA) made the sale and taxation of commercial cannabis legal in the state of California. MAUCRSA also created the general framework for the regulation of both commercial medicinal and adult-use cannabis in California. To legally cultivate, manufacture, and/or distribute cannabis, both a state and local license will be required. Additionally, both unincorporated and incorporated areas
When you purchase a mobile home on a leased-lot, you will be asked to sign a rental agreement. State law allows you a choice of signing a month-to-month or a one year agreement. The management is also allowed to offer you a long-term (more than one year) lease. Did you know that if you sign a long-term lease you may lose valuable rent-adjustment protections? There is currently a santa cruz county rent stabilization ordinance,
We spend 90% of our time indoors with minimal daylight and fresh air. Studies suggest that daylight can improve your children’s learning abilities by up to 15%. Living in damp and moldy homes increases risk of asthma by 40%. Children's rooms often contain the most pollutants. Read more in this blog post...
Buying New Homes in Santa Cruz If you are interested in buying a newer home in Santa Cruz county you may be in luck. It may seem difficult to find new homes, but it doesn't have to be. We are a team of Real Estate professionals who have lived and worked in this county for over eleven years and are well equipped to help you find a new home in Santa Cruz County.