Unsold Inventory Continues to Decline...except in Capitola, CA.
Capitola Real Estate Market Update - For the last 6 months, the Capitola Real Estate market held under 7 months of unsold inventory indicating a strong seller's market. In January 2012 the inventory increased to 57 single family homes with only 2 sold units. This sky-rocketed the unsold inventory to 28.5 months from December's 6.2 months, indicating a transition to a strong buyer's market.
We won't know until next month if this is the sign of an unhealthy market or a numerical anomaly caused by the end of the calendar year. A 28.5 month's supply of real estate inventory for Capitola could drop prices further and open up more opportunity for home buyers in Capitola, CA.
Company: American Dream Realty
Phone: 831-334-0890
Email: john at sellsantacruz dot com
