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Blog Archives: June 2018

Aptos Life June Update - 2018

June 20, 2018
CALIFORNIA PROPOSITION 13 TAX TRANSFER INITIATIVE If you are over 55 or disabled, pay close attention. The California Proposition 13 Tax Transfer Initiative will be on the ballot on November 6, 2018. A “yes” vote  supports amending Prop 13 to allow homebuyers who are age 55 or older or severely disabled to transfer their tax assessments (with a possible adjustment) from their prior home to their new home no matter (a) the new home’s value; (b) the new home’s location in the state; or (c) the buyer’s number of moves. The significance of ...

Aptos Times - June 2018

June 15, 2018
HOT SANTA CRUZ MARKET! In May, three of my buyers (all with loans) lost out on multiple offer deals in Santa Cruz. 714 Marnell listed for $949,000, got 9 offers, will close for $100K+ over list. 512 Sumner, duplex in Seabright, didn’t even get a counter as a “pre-emptive” all cash/over list price offer came in. 221 Walk Circle in lower Westside SC listed at $1.1M also got a “pre-emptive”/cash offer, and agent asked if my buyers could come up to $1.3M. This said, Aptos is a “softer” market right now. Median prices are up, but so are Days on ...