Welcome to another fresh blog. As promised this is a part of the series on monthly market reports from different parts of California. And you know where the present report is coming from? It’s Santa Cruz!
Not only does this report highlight the SFR sales in Santa Cruz, California but it also represents the active sales in comparison to houses sold in the past year. In addition to this, median days of present sales are also researched and discussed in detail in this report.
The California Association of Realtors is responsible for the present statistics analysis. The report presents the figures from June 2023 which are extremely handy for all those interested in house-buying for any reason in Santa Cruz.
SFR Sales and Costs
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As mentioned earlier, the major part of the report is based on SFR sales. What is SFR? SFR is basically the pronunciation of Single Family Residences; the only special thing about them is that they can be rented out. As Single Family Homes have ample space compared to apartment places, they can be divided into independent units and then rented out for extra money.
Why are SFR homes better? Well, there are multiple reasons but the basic one is that they provide privacy in addition to a place that can be rented out. The space and independent units provide you with your private space as well as the renter. They are affordable as well as perfect for bigger families. This is what makes them better and high in demand.
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