Community Corner
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.
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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.
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Find out what's happening in Capitola-Soquelwith free, real-time updates from Patch.
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Capitola 10 $454500 $380000 19.61%.
More Capitola real estate info:
. Rentals
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