2023 Annual Market Report Aptos • Capitola • Santa Cruz • Scotts Valley • Soquel
2023 ANNUAL STATISTICS M A R K E T U P DAT E
Aptos
AVERAGE SELLING PRICE
$1,639,835 14.45% versus 2022
1.88%
versus 2021
DAYS ON MARKET
33 32%
versus 2022
32%
versus 2021
SALES VOLUME
$327,967,045 27.2% versus 2022
33.6%
versus 2021
UNITS SOLD
200 14.9%
versus 2022
2
34.9%
versus 2021
2023
Market Breakdown AVERAGE VS. MEDIAN SALES PRICE
2023 SALES BY SEGMENT
in millions
3%
2%
7 homes
3 homes
12%
10%
24 homes
20 homes
73%
146 homes
2019
2020
2021
Average
2022
2023
< $1m
Median
MONTHS OF AVAILABLE INVENTORY
NUMBER OF CLOSED SALES BY QUARTER
$1m–$2m
$2m–$3m
$5m+
$3m–$5m
CLOSED SALES VOLUME BY QUARTER in millions
Q1
Q2
2022
Q3
2023
Q4
Q1
Q2
2022
Q3
2023
Q4
Q1
Q2
2022
Q3
Q4
2023
2023 Annual Market Reports
2023 ANNUAL STATISTICS M A R K E T U P DAT E
Capitola
AVERAGE SELLING PRICE
$2,059,054 10.4%
versus 2022
16.95%
versus 2021
DAYS ON MARKET
35 45.8%
versus 2022
94.4%
versus 2021
SALES VOLUME
$57,653,500 31.3%
versus 2022
41.5%
versus 2021
UNITS SOLD
28 37.8%
versus 2022
4
50%
versus 2021
2023
Market Breakdown AVERAGE VS. MEDIAN SALES PRICE
2023 SALES BY SEGMENT
in millions
11%
3 homes
7%
4%
2 homes
1 home
21%
6 homes
57%
16 homes
2019
2020
2021
Average
2022
2023
< $1m
Median
MONTHS OF AVAILABLE INVENTORY
NUMBER OF CLOSED SALES BY QUARTER
$1m–$2m
$2m–$3m
$3m–$5m
$5m+
CLOSED SALES VOLUME BY QUARTER in millions
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3 Q4 2023
2023 Annual Market Reports
2023 ANNUAL STATISTICS M A R K E T U P DAT E
Santa Cruz
AVERAGE SELLING PRICE
$1,740,322 .8%
versus 2022
8.7%
versus 2021
DAYS ON MARKET
33 50%
versus 2022
65%
versus 2021
SALES VOLUME
$569,088,591 27.8%
versus 2022
39.8%
versus 2021
UNITS SOLD
327 27.2%
versus 2022
6
44.7%
versus 2021
2023
Market Breakdown AVERAGE VS. MEDIAN SALES PRICE
2023 SALES BY SEGMENT
in millions
2%
4%
6 homes
15 homes
8%
25 homes
17%
56 homes
69%
225 homes
2019
2020
Average
2021
2022
2023
< $1m
Median
MONTHS OF AVAILABLE INVENTORY
NUMBER OF CLOSED SALES BY QUARTER
$1m–$2m
$2m–$3m
$5m+
$3m–$5m
CLOSED SALES VOLUME BY QUARTER in millions
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3
Q4
2023
2023 Annual Market Reports
2023 ANNUAL STATISTICS M A R K E T U P DAT E
Scotts Valley
AVERAGE SELLING PRICE
$1,468,949 5.8%
versus 2022
3.6%
versus 2021
DAYS ON MARKET
35 40%
versus 2022
84.2%
versus 2021
SALES VOLUME
$121,922,773 24.1%
versus 2022
48.5%
versus 2021
UNITS SOLD
83 19.4%
versus 2022
8
50.3%
versus 2021
2023
Market Breakdown AVERAGE VS. MEDIAN SALES PRICE
2023 SALES BY SEGMENT
in millions
1%
6%
1 home
7 homes
10%
8 homes
82%
68 homes
2019
2020
Average
2021
2022
2023
< $1m
Median
MONTHS OF AVAILABLE INVENTORY
NUMBER OF CLOSED SALES BY QUARTER
$1m–$2m
$2m–$3m
$3m–$5m
$5m+
CLOSED SALES VOLUME BY QUARTER in millions
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3
Q4
2023
2023 Annual Market Reports
2023 ANNUAL STATISTICS M A R K E T U P DAT E
Soquel
AVERAGE SELLING PRICE
$1,504,902 10.1%
versus 2022
5.62%
versus 2021
DAYS ON MARKET
30 11.1%
versus 2022
15.4%
versus 2021
SALES VOLUME
$69,225,500 17%
versus 2022
42.9%
versus 2021
UNITS SOLD
46 8%
versus 2022
10
39.5%
versus 2021
2023
Market Breakdown AVERAGE VS. MEDIAN SALES PRICE
2023 SALES BY SEGMENT
in millions
2%
1 home
11%
5 homes
13%
6 homes
74%
34 homes
2019
2020
2021
Average
2022
2023
< $1m
Median
MONTHS OF AVAILABLE INVENTORY
NUMBER OF CLOSED SALES BY QUARTER
$1m–$2m
$2m–$3m
$5m+
$3m–$5m
CLOSED SALES VOLUME BY QUARTER in millions
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3 2023
Q4
Q1
Q2 2022
Q3
Q4
2023
2023 Annual Market Reports
Monterey Coast Realty represents buyers and sellers of quality properties,
from cozy cottages to magnificent mansions throughout the Monterey Peninsula, all the way east to Salinas Valley, through Carmel Valley and south to Big Sur. We are comprised of a handpicked team of Realtors known for their professionalism, ethics and business success. We work together to offer the highest quality of personalized service to our clients. Monterey Coast Realty is a sister brand of Carmel Realty Company, a 100-yearold real estate firm with a rich history as a family-owned business and a reputation for service, integrity and excellence. The collaborative culture of our professional colleagues contributes to a team approach with our properties and servicing clients. Combined, the firms have an exceptionally knowledgeable network of professionals who work together to offer the highest quality service to our clients. In addition, our unrivaled concierge-style client services team, first-class marketing and a robust company infrastructure with leading technology resources further reinforce our premier position in the area. We take pride in being actively engaged in the community and conduct both our real estate and volunteer activities with integrity. Together, the firms have accomplished an impressive record of sales and clientele loyalty. MEMBER OF THE SOMERVILLE GROUP
Brian Pybas 831.594.9402
Brian@MontereyCoastRealty.com REALTOR® DRE#02003077
831-624-2300 • info@MontereyCoastRealty.com | Dolores Street between 7th & 8th, Carmel-by-the-Sea Monterey Coast Realty DRE#01871677