Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Fulfilling Dreams, one Home at a Time.

Whether you are selling, buying, or investing, our goal is to meet your Real Estate needs so well that you recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Capitola, California

Capitola Beaches
Capitola Beach Community

Demographics

Business and the Economy

Government

City Government

Capitola is a city in Santa Cruz County that is run by a 5-member city council.

Capitola City Logo
Capitola City Emblem

Capitola Real Estate Market

Average Sales Price and Bidding Ratio

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

The graph above shows average sales price and the average sales price to list price ratio for sales in Capitola for the past 12 months. Here we see that the average sales price fell off somewhat dramatically in the fall, likely because sales of beach-front and vacation homes subsides during the wintertime. Note that since then prices have remained fairly stready around the $800,000 mark, even during the COVID-19 shelter in place restrictions that began in March.

The Average Sales to List Price Ratio represented by the red line, tracks the spring surge in February and March, then, like prices, dwindles away to a more normal 1-2% below list.

Sales by Price Range

Capitola Residential Real Estate Sales by Price Range
Capitola Real Estate Trends: Sales by Price Range over the past 12 months

The histogram above depicts Capitola home sales by price range. Here we see the majority of home sales have occurred in the $400,000 to $1,000,000 range, showing there is ample market for entry-level housing in Captiloa.

Days on Market as a Function of List Price

Capitola Average Days on Market by Price Range
Capitola 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 Capitola market sells in 2 to 4 weeks on average, though this data is corrupted by COVID-19 shelter in place restrictions.

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.

Here we see that winning offers have averaged within 2% of list for most price ranges, though strong demand in the $1,200,000 to $1,400,000 price band pushes those sales up an average of 5.4%.

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

Help me with Capitola 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, 2019, 2020 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.