Capitola Real Estate

Capitola, located in Santa Cruz County in California, has, like so many regions in the Golden State, seen its real estate market take a wild ride since the sector crashed near the end of 2008, with foreclosures rising to all-time highs, prices plummeting and many homeowners finding themselves owing more on their homes than they are now estimated to be worth.

At the end of 2009, according to statistics compiled by the Santa Cruz Association of Realtors, there were five sales in Capitola, up from four sales in November and just two sales a year ago. Because the Capitola real estate is a rather small market, statistics must be closely examined, as they can wildly fluctuate month to month with the sale of one or two low- or high-priced outliers.

At the end of 2009, there were 15 Capitola homes for sale still on the market, down by nearly half from the end of 2008, when it stood at 28 homes. In December, there were two new listings brought to market in Capitola, down from five a year ago. At the end of 2009, homes were spending an average of 176 days on the market before selling, the third-highest average in Santa Cruz. This figure represents a rise from December 2008, when the average days on the market was just 57 days.

One shining spot in the Capitola market is an increase in general in sales prices, which is in contrast to most other area markets. In December 2009, the median sales price for a home in Capitola was $727,000, up from just $617,500 one year ago and from $637,000 in November 2009. Average prices show similar trends. In December 2009, the average price was $812,400, up from $617,500 from the same month of 2008. The median sales price for Capitola condos in December was $309,500. In December 2008, it was $337,000, though that figure was based on just a single sale, whereas December 2009’s figure was based on four sales.

California Homes in San Jose

San Jose is one attractive city. It offers different types of home constructions and interested buyers have numerous choices in the kind of home they want to buy. The price range is very affordable and a buyer is sure to find a property that suits their financial requirements. New Homes coming up in San Jose offer space and comfort for residents. They are built in the latest construction style and offer plenty of amenities to make life convenient for their residents. Some of the different options buyers’ have are townhouses, single family homes, condominium units, move-in homes, custom home, and luxurious homes.

New home constructions in San Jose have an urban appeal. They also come with features suitable for the modern day-life. The kinds of facilities seen in new home constructions are very different from what was seen in the past.

Today’s homes have an urban appeal and are designed in such a way that is ideally suited for modern day life. The materials used for making the walls and the flooring, the paint and the use of available space is all done in the latest method. Some homes are designed with energy efficiency features, which give residents the benefit of lower utility bills.

Because of these reasons, the demands for new homes are high. Moreover, whenever a new home construction from a reputable builder comes up, home units are immediately booked.

If you are looking towards buying a new home in San Jose, be sure to buy from a good and reputable builder. A builder’s reputation is important because it will ensure that you get a home that is built according to the acceptable building practices. Furthermore, you are ensured that the fittings and finished to the home are done just right. You can find out builder reputations by checking if the builder has been in the business for several years and how well their other constructions are currently faring. If you do not want to do the home search by yourself, you could hire a Realtor or a reputable San Jose real estate agent to do the work for you.