New Listing! Unpolished Bonny Doon Gem - 600 Summit Drive

OPEN HOUSE: Thursday July 31st, 9:30am-12:00pm

Great 1/4 acre parcel with a 1200 Sq. Ft. cabin built in 1946. Large family room added on about 30 years ago to bring it to just over 1,200 sq. ft. Unpolished gem could benefit from some thoughtful updating/remodeling. 1 car garage with plywood floor near the house and a sleeping room or office about 80 feet from the main house. 

www.600Summit.com

New Listing! 112 Molina Dr. in Bonny Doon

OPEN HOUSE: Sunday 7/27 from 1-4pm

This is a light, bright home with fresh paint in and out, new carpet, refinished oak floors and a recent kitchen expansion/remodel. The home is situated on a very gently sloped 2 plus acre parcel with a seasonal creek, nice trees and plenty of sun. The rear decks are private and sun drenched. The landscaping around the house is a perfect complement to the brick planters, terraced gardens and more parking than you can use. There is a very comfortable walk out basement currently used as a man-cave and music studio, but which has also seen use as an office and a guest suite. Situated on Molina Dr. Near Vick Dr., this is a very friendly neighborhood just around the corner from the fabled Boomer's Castle and Boomeria Pipe Organ Chapel. Come check us out...you won't be disappointed. 

www.112Molina.com

New Listing! 330 Lincoln St in Santa Cruz

OPEN HOUSE: Sunday 7/27 from 1-4pm

True Victorian built in 1878 and lovingly restored twice. Half block from the Nick and downtown Santa Cruz. Sunny yard with mature landscaping including succulents in front and big bamboo in back. Main house 3 BR, 3 BA with hardwood floors, top-end Thermador range, Bosch dishwasher. Double-paned windows throughout. Front and back covered porches and back patio area. Guest studio in home has cherry floors and a bathroom. Shared washer and dryer, detached office/art studio with unique stained glass windows. Plenty of off-street parking. Close to everything in town!  

www.330Lincoln.com

Open House Saturday!

Come see this lovely cottage steps away from Soquel Village!

Open Saturday July 19th from 1-4pm

New Listing! Vintage Cottage Near Soquel Village

Open House Thursday, July 10th, from 12:30-3pm!

Cute as a button, comfy English Cottage. Tasteful living space flows to lovely lawn and deck w/ mature roses and fruit trees. Great second home or beach headquarters, stroll to Soquel or Capitola Villages, big storage shed/shop and side yard for water toy and bike storage. House was perfect, but growing family needs more space. Charming, but small. 

www.4435WestWalnut.com

Art and Wine Under the Redwoods to Benefit The Children of Bonny Doon

The 12th Annual Bonny Doon Art & Wine Festival will be held on Saturday June 21st from 1-6pm at the beautiful Bonny Doon Equestrian Park, 3675 Bonny Doon Road.

This 21-and-over event features gourmet food, wine and beer tastings, live music, artist vendors, and both live and silent auctions. 100% of the proceeds fund the art, music, and science programs at Bonny Doon Elementary School. Enjoy a lovely afternoon under the redwoods in support of a great cause! 

Information and tickets at: www.bonnydoonartandwinefestival.com

April 2014 Santa Cruz Market Update

April 2014 Santa Cruz Market Update The median list price in Santa Cruz this week is $795,000. The 137 properties have been on the market for an average of 103 days. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we're in the Seller's zone. Watch for changes in the MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.  Characteristics per quartile Median Price Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these.   Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action index before prices move from these current levels. Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. Market Action Index The SANTA CRUZ market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.78 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly. Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. Days on Market The properties have been on the market for an average of 103 days. Half of the listings have come newly on the market in the past 49 or so days. Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. This Month's Video Tap Our Expertise Even if you're not ready to buy or sell a home right now, we would be happy to keep you up-to-date on developments in the real estate industry, mortgage financing and our local market. Simply reply to this e-mail or give us a call! Oh by the way, did you know you can now get an automated investment analysis of your neighborhood - complete with Active, Pending and Sold homes all mapped out - sent directly to your email inbox every month?  Now you can always know the value of your home. Try it today. It's informative, it's accurate, and it's free.  Oh, and please tell a friend or neighbor too!   Check it out and see what you think at Free Market Snapshot P.S.: Remember to visit my blogs for Local and National real estate and related information and updates! We hope you enjoy this monthly electronic newsletter. Please forward the link above to a friend who would also appreciate the information. If you have any comments, please e-mail them to us. Or, if you would like answers to your specific real estate questions, we'd be happy to help! Frank Murphy 831-457-5550 1414 Soquel Avenue Santa Cruz, California 95062 BRE License #01014048 Frank@FrankMurphy.net www.LiveInSantaCruz.com	Contact me, your local real estate expert, for information about what's going on in our area. Frank Murphy Keller Williams Realty 831-457-5550 Frank@FrankMurphy.net BRE License #01014048
The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources.  You should not treat any opinion expressed in This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion.  Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind.  All information presented herein is intended and should be used for educational purposes only.  Nothing herein should be construed as investment advice.  You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.  All investments involve some degree of risk.  Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.

Your Share of $6.9 Billion Ready to Claim!

That’s the amount of unclaimed property being held by the state under California’s Unclaimed Property Law.  Our state controller, John Chiang, has created an online process that allows residents to easily see if they have unclaimed money from old accounts that include, bank accounts, stocks and dividends, mature or terminated insurance policies and trust funds and escrow accounts.

The amounts range from 25 cents to over 100 dollars and it only takes a minute to see if you have any money to claim and, if you are the account owner or heir, it is free to file a claim.

Go to this web address, www.claimit.ca.gov.

On the left of the page you’ll see Online Claim Services. Click “Start your search.”

Enter your last name then click “Search.”

If your name, address and city show up in the search results click on the “ID Number” and you’ll see how much money can be claimed and from what account.

Select “Claim this Property” and proceed to fill in the online form as required.

That’s it!  The controller’s office reports that claims can be processed as quickly as 14-days.

Details are available on the main page, including Frequently Asked Questions: www.claimit.ca.gov