MARKET UPDATE Scotts Valley

e spring selling season picked up the Sco s Valley market, showing positive improvement in all categories from Q1, but is still lagging year over year numbers. Limited inventory continues to hamper the market like many others.

e average sale price, while up from Q1, is down 10% year over year due to a lack of normal sales in the $2-3M range. DOM dropped to 20 days for the quarter showing the expected increase in activity during spring. is was also one of the few markets where MOI dropped due to increased activity, and now sits at just 1.6 months

AVERAGE SELLING PRICE

$1,470,788

10.43% 10.64% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

20

63% 43% versus Q1 2023 versus Q2 2022

SALES VOLUME

$41,181,788

93% 40% versus Q1 2023 versus Q2 2022

UNITS SOLD

28

75% 33% versus Q1 2023 versus Q2 2022