2 Aug 2019

Santa Cruz City Task Force, Rent Control, Just Cause for Eviction – Where We are Now?

If you’ve been following the Santa Cruz City Council legislative process, there’s no doubt that you’re curious where the Council stands today on Rent Control and Just Cause for Eviction legislation, the Rental Housing Task Force, the Housing Blueprint, and other legislative measures that have been proposed and accepted or rejected along the way. In this article we’ll give a broad overview of the City’s legislative actions related to these housing-related topics and discuss where

By Christine Schneider | | In All About Santa Cruz County, Rent Control, Rent Control and Just Cause For Eviction, Santa Cruz Legislation and Your Real Estate, Santa Cruz Real Estate Trends, Uncategorized | Read moreLeave a comment
6 Nov 2018

Santa Cruz Real Estate – October Market Update

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

By Christine Schneider | | In All About Santa Cruz County, Santa Cruz Real Estate Trends | Read moreLeave a comment
24 Jan 2018

Changes to Look out For in the 2018 Real Estate Market

We recently wrote about predictions for the 2018 housing market. This article is an extension of our previous post, and covers two important legislative battles that are gaining momentum.   Rent Control: Rent control legislation proposals are popping up on a state and local level. According to this article, Assemblyman Richard Bloom (D-Santa Monica) will be proposing legislation on January 11th to repeal Costa-Hawkins, which would allow local governments to implement new rent control policies. Additionally,

By Christine Schneider | | In California Legislation and Your Real Estate, California Real Estate Trends, Santa Cruz Legislation and Your Real Estate | Read moreLeave a comment
21 Jun 2017

When Will Prices Go Down?

As we talk to clients, we are hearing a similar question time and time again: When Will Prices Go Down? Measures of housing affordability in Santa Cruz suggest that rising income levels in neighboring communities are pushing up housing prices. Santa Cruz residents are finding it challenging to afford homes and younger generations are leaving in search for lower-priced housing. To maintain a healthy, diverse, and vibrant community it's vital that local economic growth keeps

By Christine Schneider | | In California Real Estate Trends, Santa Cruz and Silicon Valley, Santa Cruz Real Estate Trends | Read moreLeave a comment
28 Jul 2016

Is there a Housing Bubble in the SF Bay Area?

Historically high housing prices in Santa Cruz and the Bay Area are on the minds of many. It naturally follows to ask, are we in a housing bubble? A bubble occurs when prices are decoupled from the true value of an asset, and due to the expectation that prices will continue to rise, they do so until the bubble bursts. Therefore, the question is, are people buying real estate in the Bay Area simply because

By Christine Schneider | | In Santa Cruz and Silicon Valley, Santa Cruz Real Estate Trends | Read moreLeave a comment