.

October Home Sales in Capitola and Soquel Are Good News for Sellers

The higher prices are a good sign for sellers and cities that rely on property taxes to fund city services. For buyers, the news may not be so good.

The median price for a home in Capitola was $454,500 in October 2012, a nearly 20 percent increase over October 2011 prices. In Soquel the news was also good for sellers with the median price in October was $612,000.  That represents a 24 percent increase over October 2011 prices.

There were 10 homes that changed owners in Capitola while Soquel had four home sales in October.

The price data was released on December 13 by the San Diego-based real estate tracking firm DataQuick.

According to DataQuick, nearly 7,800 Bay Area homes changed owners in October. The median price for a Bay Area home was $416,000.  Sales volume was up 160 percent in Burlingame and Hillsborough as well. 

.

Community Number Sold Median Price Oct. 2012 Median Price Oct. 2011 Percent Change

.

Capitola 10 $454500 $380000 19.61%

.

Soquel 4 $612000 $494000 23.89%

More Capitola real estate info:

           .        Homes for sale in Capitola

           .        Rentals

           .        Home values

 

More Soquel real estate info:

           .        Homes for sale in Soquel

           .        Rentals

           .        Home values

Do you subscribe to the Capitola-Soquel Patch newsletter? It brings our latest stories, blogs, announcements and the day's calendar events to your in-box early each morning. Follow Capitola-Soquel Patch on Facebook and Twitter.

Do you have opinions, experiences and views to share? Consider becoming a Capitola-Soquel Patch blogger!.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »