Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Aptos, California

Aptos Sunset, photo by Nick Borelli

Demographics

Business and the Economy

Government

City Government

Aptos is an unincorporated area of Santa Cruz County. As such, it does not have a city government but rather falls under the County Government.

Saratoga City Hall

Things to Do

Hiking:

  • Under Construction

Parks and Rec:

  • Under Construction
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Theater, Concerts, and Museums

Area Theater and Concert Venues and Organizations:

  • Under Construction

Area Galleries and Museums:

Under Construction

Dining and Shopping in and around Saratoga

Places to Eat:

There are a number of restaurants in downtown Sunnyvale and across the area that range from casual dining to formal, with cuisine from around the world.

UNDER CONSTRUCTION

 

Places to Shop:

  • Under Construction

Aptos Real Estate Market

Average Sales Price and Bidding Ratio

Aptos Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows average sales price and sales price to list price ratio for sales in Aptos for the past 12 months. Here we see a generally upward trend punctuated by both high value and low value excursions. These excursions are driven by short term trends and clusters of homes sold in a particular value range that skew the average for a month or two. The red line tracks average the sales price to list price ratio. Here we see that bidding drove prices up nearly 2% in May but have declined to 5% below list in December.

Sales by Price Range

Aptos Real Estate Trends: Sales by PRice Range over the past 12 months

The histogram above depicts Aptos home sales by price range. Here we see the vast majority of Aptos home sales have occurred in the $600,000 to $1,000,000 range.

Days on Market as a Function of List Price

Aptos Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. Demand is high enough to keep average time on market low for condominiums and town homes, while single family homes tend to take 1-2 months to sell.

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home. 

Most of the Aptos market sells in five to 7 weeks on average. 

Sales to List Price Ratio as a Function of List Price

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%. However, in Santa Cruz County, the market is more in line with other parts of the country – home prices are set at higher expectations and bidding often comes in lower. Here we see that below-list offers pervade the entire price structure.

Aptos Real Estate: 6-month Average Sale Price to List Price Ratio by Price Range

Aptos Single Family Home Sales in the past 12 months:

This 1,080 sqft 2br/1ba home has held the low price mark for Aptos single family homes since it sold for $451,000 in April, 2018.

This 3,547 sqft 3br/3.5ba coastal home set the high price mark for Aptos single family homes in the period when it sold for $5,500,000 in January, 2018.

Aptos Condo and Town Home Sales for the past 12 months:

This 1,707 sqft 4br/3ba townhouse in an affordable housing development set the low price mark for Aptos condominium and townhouse sales in the period when it sold for $364,489 in February, 2018.

This 1,311 sqft 3br/2ba Rio Del Mar Condo set the high price mark for Aptos Condominiums and Townhouses in the period when it sold for $1,28,880 in February, 2018.

Help me with Aptos Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.