Here is this week's Santa Cruz County's real estate update. Each week during this current SIP (shelter in place) and COVID-19 pandemic, I will be providing an update. Why? Because this is a fluid situation, that is new to everyone, and things are changing almost daily. Let's stay informed!
I've put together some graphics to illustrate comparisons. I've broken down the last 4 weeks, and then highlighted the last week. So, let's compare whats been going on in real estate over the past several weeks. Have there been changes since the COVID-19 outbreak ? If so, what does that look like? The things to look out for would be drastic changes in price reductions, transactions falling through, and removed listings. What do you notice?
For reference: "TFT" means "transaction fallen through" or canceled escrow. "C/W/E" translates to Canceled, Withdrawn or Expired listings, meaning removed from the market.