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Kim Floyd (831) 464-4849
Michael Floyd (831) 464-4841
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Summary
Since 1979 real estate has proved to be a good investment based on the average price of a home.
In the 1980's home prices remained largely flat with only modest appreciation until the late '80's when prices escalated.
That period was follwed by a slight decrease through the mid '90's until 1998 when prices jumped, peaking in 2005.
Prices appear to be flattening as of 2007.
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| Average Appreciation Index for Single Family Homes in Santa Cruz County |
| Year |
# of Sales |
Appreciation |
Average Price |
| 2007 |
1,472 |
3.04% |
855,531 |
| 2006 |
1,905 |
-0.60% |
830,273 |
| 2005 |
2,243 |
21.30% |
835,034 |
| 2004 |
2,588 |
12.80% |
688,443 |
| 2003 |
2,355 |
8% |
610,100 |
| 2002 |
2,290 |
1% |
565,142 |
| 2001 |
1,784 |
7.10% |
561,201 |
| 2000 |
2,422 |
32.60% |
523,923 |
| 1999 |
2,384 |
17.80% |
395,178 |
| 1998 |
2,679 |
20% |
335,569 |
| 1997 |
2,167 |
11.60% |
279,163 |
| 1996 |
1,793 |
1% |
250,148 |
| 1995 |
1,520 |
1.40% |
247,659 |
| 1994 |
1,871 |
-2.70% |
244,247 |
| 1993 |
1,596 |
-1.50% |
250,928 |
| 1992 |
1,186 |
-3.50% |
254,781 |
| 1991 |
1,350 |
1.70% |
263,564 |
| 1990 |
1,492 |
1.50% |
259,145 |
| 1989 |
1,981 |
26.20% |
255,209 |
| 1988 |
2,266 |
17.60% |
202,272 |
| 1987 |
2,153 |
12% |
171,966 |
| 1986 |
2,086 |
13.90% |
153,476 |
| 1985 |
2,108 |
5.50% |
134,735 |
| 1984 |
1,874 |
8.30% |
127,735 |
| 1983 |
1,631 |
0% |
117,968 |
| 1982 |
1,021 |
2.50% |
117,924 |
| 1981 |
1,711 |
0.60% |
114,460 |
| 1980 |
2,407 |
50% |
113,803 |
| 1979 |
2,496 |
16% |
74,998 |
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