Local Market Watch February/March

Residential Highlights

“Short Sales” the new norm in Santa Cruz County real estate.

Short sales occur when the borrower owes more than what the home is worth and the lender accepts less than what is owed. Last year short sales made up more than 25% of the home sales in Santa Cruz County. Last year, 75% of the homes in Santa Cruz County sold for $500,000 or less, 20% for prices between $500,000 and $999,999 and 5% for $1 million or more.  

The median price of detached single family homes in Santa Cruz County for January 2010 was $480,000 up 4% from January 2009 but down 21% from January 2008.

 

Listings Listings continue to decline and the unsold inventory index, which measures how long it will take to sell homes dropped from 8 months in January 2009 to 3 months in 2010. There were 753 homes for sale in January 2010. The number of for sale properties was down 40% from January of 2009. Fewer listings tend to bring prices up, but borrowers are still entering foreclosure at a record pace and this tends to bring prices down.

 

Homes sales were down in January, falling 35% from December however sales were up 19% form January of 2009. This is the nineteenth month in a row that home sales have been higher than the year before. The decline in sales is not a result of reduced demand, rather it was produced by a lack of inventory, or should I say desirable inventory. From talking to other Santa Cruz County real estate agents, properly priced homes in the most desired neighborhoods and school districts are being sold with multiple offers.

 

There were 149 pending sales, up from 125 in December 2009. This is a solid indicator of future sales, and up 24% year-over-year. We expect sales to regain their momentum through the spring because of the extended tax credit and because this is the prime time for home sales.

  

 

How to Identify What Kind of Real Estate Market You’re In
 
What is Months Supply?  Basically, Months Supply is the ratio of inventory to sales.  And what it tells us is how many months the stock of homes for sale would last, if sales continued at their current rate.
 
For those of us that need to see a formula:
 
#of homes for sale on the market
---------------------------------- =   Months Supply
# of homes sold that month

 

 

 

 

 

How to Be Calm & Regain Your Equilibrium

 

google map to  real pro systems

When we’re under high levels of stress, rational thinking and decision making go out the window. Runaway stress overwhelms the mind and body, getting in the way of our ability to accurately “read” a situation, hear what someone else is saying, be aware of our own feelings and needs, and communicate clearly.

By learning how to quickly and reliably relieve stress and stay calm and focused in the moment, you will be able to tackle challenges with a clear head and communicate clearly and powerfully even in tense situations.

The Power Of Stress: Being able to manage and relieve stress in the moment is the key to resilience. This ability helps you stay balanced, focused, and in control—no matter what challenges you face.

In small doses, stress can be a good thing. The stress response is the body’s way of protecting you. When working properly, it helps you perform under pressure, rise to meet challenges, and stay focused, energetic, and alert. But beyond a certain point, stress stops being helpful and starts causing damage. 

  • When stress is out-of-control, it can get in the way of your ability to:
  • Think clearly and creatively
  • Communicate clearly
  • Accurately “read” other people
  • Hear what someone is really saying
  • Trust others
  • Attend to your own needs

How Well Do YOU Manage Stress? To assess your present ability to manage stress, ask yourself the following questions: 

  • When I feel agitated, do I know how to quickly calm myself?
  • Can I easily let go of my anger?
  • Can I turn to others at work to help me calm down and feel better?
  • When I come home at night, do I walk in the door feeling alert and relaxed?
  • Am I seldom distracted or moody?
  • Am I able to recognize upsets that others seem to be experiencing?
  • Do I easily turn to friends or family members for a calming influence?
  • When my energy is low, do I know how to boost it

How to quickly manage stress tip 1: Realize when you’re stressed

The first step to reducing stress is recognizing what stress feels like. Many of us spend so much time in a stressed state, we have forgotten what it feels like to be fully relaxed and alert.

What does it feel like to calm and stress-free? You can see that “just right” inner balance in the smile of a happy baby—a face so full of joy it reminds adults of the balanced emotional state that most of us have misplaced. In adulthood, being balanced means maintaining a calm state of energy, alertness, and focus. Calmness is more than just feeling relaxed; being alert is an equally important aspect of finding the balance needed to withstand stress.

How to quickly manage stress tip 2: Identify your stress response

Everyone reacts differently to stress. Some people get angry and do or say things they regret. Others shut down, withdraw, or freeze with anxiety. The best way to quickly relieve stress and calm yourself down depends on your specific stress response.

How to quickly manage stress tip 3: Discover what works for you

The best way to reduce stress quickly and reliably is through the senses: through sight, sound, smell, taste, and touch. But each person responds differently to sensory input, so you need to find things that are soothing to you.

We all have different preferences and needs. What some people find soothing may be unpleasant or even stressful to others. For example, certain kinds of music may relax one person but irritate another. So you need to be a “stress-buster detective,” spending time figuring out what works for you. Then you can use what you’ve learned to create calming, sensory-rich environments at home, in your car, at the office, or wherever you spend time.

Know When To...

  • Speed up, if you are a person who is spaced out or depressed
  • Slow down, if you are a person who is angry or agitated
  • Walk away and get unstuck, if you are a person who is frozen with anxiety
Learning the sensory stress-busting techniques that work for you give you a powerful tool for staying clear-headed and in control. You’ll have the confidence to face challenges, knowing that you have the ability to rapidly bring yourself back into a state of equilibrium. Hats off to the person who masters this first this month!

Contact Information

Hyko Roppel
American Dream Realty
1041 41st Ave
Santa Cruz CA 95062
831-477-5815
831-247-3803
Fax: 866-360-4218