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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter	8/24/2006 5:41:06 PM
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The Santa Cruz Sentinel. santacruzsentinel.com “Sales in Santa Cruz County in July were half the number of the boom period two years ago. Still, the median sales price for single family homes did not decrease. The July median was $768,750 compared to $760,000 in June.” “Steve Noren, who has sold real estate for 30 years, speculated that the median was skewed up by people in the million-dollar bracket. ‘Last year, we had such a run on inexpensive property,’ he said.” “Statistics from the Santa Cruz Association of Realtors show the drop in July home sales, compared to last year, was more severe for properties less than $900,000. The association figures show 104 homes under $900,000 were sold in July, compared to 144 last July. Sales above $900,000 totaled 39, compared to 42 a year ago.” Seperately DQ shows Santa Cruz County median down 1.8% and sales off 25.1%. dqnews.com

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