Average Appreciation for Residential Properties in Santa Cruz County*
YEAR | # of Sales | Appreciation | Average Price | Average Interest Rate |
1980 | 2,407 | 17% | $113,803 | 13.74% |
1981 | 1,711 | 5% | $114,460 | 16.64% |
1982 | 1,021 | 3% | $117,924 | 16.04% |
1983 | 1,631 | 0% | $117,968 | 13.24% |
1984 | 1,874 | 8% | $127,735 | 13.88% |
1985 | 2,108 | 5% | $134,735 | 12.43% |
1986 | 2,086 | 12% | $153,476 | 10.19% |
1987 | 2,153 | 11% | $171,966 | 10.21% |
1988 | 2,266 | 15% | $202,272 | 10.34% |
1989 | 1,981 | 21% | $255,209 | 10.32% |
1990 | 1,492 | 2% | $259,145 | 10.13% |
1991 | 1,350 | 2% | $263,564 | 9.25% |
1992 | 1,186 | (3.5%) | $254,781 | 8.39% |
1993 | 1,596 | (1%) | $250,928 | 7.31% |
1994 | 1,871 | (3.5%) | $244,247 | 8.38% |
1995 | 1,520 | 1.5% | $247,659 | 7.93% |
1996 | 1,793 | 1% | $250,148 | 7.81% |
1997 | 2,167 | 10.5% | $279,163 | 7.60% |
1998 | 2,679 | 10% | $335,569 | 6.94% |
1999 | 2,384 | 16% | $395,178 | 7.44% |
2000 | 2,422 | 23.5% | $523,923 | 8.05% |
2001 | 1,784 | 6.5% | $561,201 | 6.97% |
2002 | 2,290 | 1% | $565,142 | 6.54% |
2003 | 2,355 | 7.95% | $610,100 | 5.83% |
2004 | 2,801 | 13.2% | $690,379 | 5.84% |
2005 | 2,175 | 20.8% | $833,818 | 5.87% |
2006 | 1,799 | 0.9% | $841,093 | 6.41% |
2007 | 1,424 | 1.62% | $855,454 | 6.34% |
2008 | 1,433 | (22.38%) | $664,329 | 6.03% |
2009 | 1,689 | (17.47%) | $548,234 | 5.04% |
2010 | 1,558 | 4.92% | $575,378 | 4.69% |
2011 | 1,717 | (5.45%) | $543,724 | 4.45% |
2012 | 2,057 | 4.12% | $566,461 | 3.66% |
2013 | 1,901 | 15.56% | $654,597 | 3.98% |
2014 | 1,808 | 17.1% | $766,534 | 4.17% |
2015 | 2,016 | 3.766% | $798,204 | 3.85% |
2016 | 1,754 | 11.23% | $887,882 | 3.65% |
2017 | 1,849 | 6.208% | $942,999 | 3.99% |
2018 | 1,812 | 6.66% | $1,005,859 | 4.54% |
2019 | 1,657 | 0.009% | $1,014,988 | 4.25% |
2020 | 1,784 | 10.63% | $1,122,900 | 2.94% |
2021 | 2,087 | 17.9% | $1,324,326 | 3.33% |
2022 | 2,349 | (9.12%) | $1,203,437 | 6.84% |
2023 | 360 | 2.99% | $1,239,537 | 6.31% |