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2023: 40% of home purchases were all cash. Median price well over $1M (Santa Cruz County) [View all]
And this is why I know people who commute from 100 miles away, two hours each way.
A record share of houses sold for cash in Santa Cruz County in 2023, underscoring the struggles first-time homebuyers face in a challenging real estate market that prefers those with deep pockets.
Last year, nearly 40% of homes went for cash in the county, up from around 26% five years ago in 2019, according to figures provided to Lookout by property-data service ATTOM. Last year marked the highest percentage of cash purchases recorded in ATTOM’s data going back to 2005...
https://lookout.co/santa-cruz-county-home-sales-all-cash/
Last year, nearly 40% of homes went for cash in the county, up from around 26% five years ago in 2019, according to figures provided to Lookout by property-data service ATTOM. Last year marked the highest percentage of cash purchases recorded in ATTOM’s data going back to 2005...
https://lookout.co/santa-cruz-county-home-sales-all-cash/
We need to shut down empty homes, investment buyers, and build 100% affordable housing in this region.
4 replies
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