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APTOS TIMES - November 2018 "Year to Date and Current Sales"

November 09 2018
November 09 2018

Aptos Year-To-Date Sales (thru 11/07/18)

238 Homes have sold-to-date, High Sale- $5.5M- 1106 Via Malibu, Low Sale- $451,500- 757 Cathedral. 57 sales under $800,000, 60 sales $800,000-$1.0M, 92 sales $1.0-$2.0M, and 29 sales over $2.0M. Average Days on Market (DOM) =36, Median List Price- $999,250, Median Sales Price $1,005,500. 21 Condos sold in 19 DOM and 32 townhomes sold in 17 DOM, so it really was a Seller’s market here. Townhome High Sale- 1075 Via Tornasol (3B/2.5Ba)-$966,000, Low Sale- 3003 Corte Cabrillo (2B/2Ba)-$480,000. Median Sales Price was $707,533. Condo High Sale- 260 Rio Del Mar #24 (3B/2Ba)-$1,278,800. Low Sale- 2601 Willowbrook (2B/1Ba)- $492,500. Median Sales Price was $645,000.

Current Market Activity

The market has really, really slowed down. In the past 30 days in Aptos, zero townhomes have sold, only 1 condo sold, and only 4 homes sold in 91 DOM average (was 36). There are 77 homes on the market; only 17 homes are under $1.0M. Average DOM is 66 days and growing, and the Median List Price is $1,299,000. There are 12 Active Townhomes with 54 Avg DOM and Median List Price of $709,250, and 14 condos with 59 Avg DOM and Median List Price of $687,500. These long days on market indicate that we have moved from a “Seller’s Market” to a “Buyer’s Market”, and we are seeing price reductions now. I noted 3 Listings in last month’s article: My 1-bedroom condo is in Contract, my 3-bedroom townhome cancelled the listing and is renting, and my 2-master suite townhome at 359 Village Creek in Aptos is still available.  Buyers – it is a good time to buy!

Coming Soon and Shop Local

Aptos Sereno will be moving into our new office on Parade Way in the Aptos Village before the end of the year. I am very excited for the move and for all the new local vendors we will have in the Village and at Rancho Del Mar. The holiday season is almost upon us; please SHOP LOCAL whenever you can. I’m very grateful to live and work in the beautiful town of Aptos. For anything Real Estate – call me, text me, email me and… Get Results With Ruth! Happy Thanksgiving to All!


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