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APTOS TIME - JANUARY 2019 Happy New Year!

January 09 2019
January 09 2019


By Ruth Bates

HAPPY NEW YEAR! In 2018, 280 homes sold at median price $1,014,000, average price$1,207,559, 40 days on market average; high sale $5.5M, low sale $451,000. This compares to2017 where 305 home sold (8% more), at median price $995,000 (2% less), average price$1,124,378 (7% less). In 2018 there were 31 sales >$2.0M; only 19 in 2017. So, 2018 saw lessvolume and a modest 2% median price increase. Condos and Townhomes sold in 2018 wereonly 78% the volume of 2017 sales and median price went up 1% (to $647,000) for condos and8% (to $700,000) for townhomes. 16 Mobile home sales ranged from $180,000 - $575,000.Seacliff area had 49 sales ranging from $576,000 for 292 Barkentine to $3.8 Million for 28Potbelly. Rio Del Mar area had 194 sales (including 21 Seascape Resort condo sales) rangingfrom $550,000 for 750 Encino to $5.5M for 1106 Via Malibu. Aptos east of Hiway 1 had 111sales ranging from $451,000 for 757 Cathedral to $2,838,000 for 595 Day Valley. There issomething for everyone in Aptos!

ACTIVE LISTINGS – Currently there are 44 homes for sale in Aptos (<2 months inventory); thereare only 241 homes for sale in the whole County. High list price in Aptos is $5.5M; low list priceis $680,000 for 3516 Redwood (99 DOM). There are 7 Active condos ranging from $499,000 fora 2-bedroom in Willowbrook to $1,280,000 for a Rio Del Mar ocean view. There are 8 Activetownhomes ranging from $587,000 for 6112 Sheraton Place (33 DOM) to $937,000 for 7860Tanias Court (75 DOM). There are 7 Active mobile homes ranging from $268,000 to $576,000. Iam told that Aptos Village will be releasing many new condos and townhomes for sale in mid-January.

2019 – My expectations are that pricing will remain fairly stable and inventory will risesignificantly in March-May. So buyers, get your Pre-Qual lined up with a local lender; interestrates are still “low”, for now. Sellers, prepare to list in the March-May timeframe to yieldhighest return in shortest amount of time. Coming soon from me include: house with sweepingocean views in Rio Del Mar (4 bed, 3 bath), single-level house in Opal Cliffs area (3/2), AptosCountry home (3 bed, 3 bath), two forest townhomes (3 bed, 2.5 bath, 2-car garage) ….andmore.

For anything Real Estate – call/email/text & Get Results With Ruth!


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