Santa Cruz & Silicon Valley Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 25, 2022

[industry edition] EXPLORE SANTA CRUZ COUNTY: A Biking Destination

Whether your a bike path cruiser looking for ocean views and breezes or a dedicated mountain biker or road cyclist spending hours out in the wild, Santa Cruz County is a true cycling destination. As our county’s rail trail gets built, there are a series of pump tracks, commutable bike routes and a plethora of dirt and road options for all cycling enthusiasts. Below, you’ll find a breakdown of some of the areas that are quite popular, but just know that about every home in our area has almost 10 minutes of commute time to any of these biking opportunities, not to mention a vast number of bike shops for every discipline of cyclist, including e-bikes.

 

Bike Paths

West Cliff: From the iconic Dream Inn hotel at the Wharf in Santa Cruz to natural icon, Natural Bridges, is an amazing bike and walking path that takes you along the coast and several world class surfing breaks.

 

East Cliff: Grab that beach cruiser and coast down the path that connects Capitola to the middle of our popular coastal living zone of the Twin Lakes/Seabright area. You’ll pass surfing legend Jack O’Neill’s home and several surf breaks that many call in sick for when the waves are breaking.

 

Mountain Biking

Nisene Marks: Located in Aptos, experience 10,000 acres of redwood forests that connects to the amazing Soquel Demonstration Forest that brings mountain bikers from throughout the Bay Area to get some trail time on.

 

UC Santa Cruz / Wilder Ranch: With upcoming trails about to open in northern-most Davenport, mountain bikers will soon have even more incredible trails to spend hours of time in the forest.

 

Road Cycling

Whether you’re looking for coastal cruises up and down Highway 1 or looking for some mountains to climb, there are amazing options that can take you up to Half Moon Bay, up to Highway 35 or down to Monterey.

 

Bike Parks

Built for all levels, from tiny tots to crazy jumps, our pump tracks starting with Aptos’ Polo Grounds and the many pump tracks dotting the landscape are all sponsored and nurtured by local pros and the many bike industry companies that are behind giving local kids a way to spend quality time on two wheels, all within a few minutes ride from their house.

 

As your go-to Santa Cruz County referral partner, we’re all about supplying you with local intel to keep your clients informed in their coastal and mountain property search. We love making the referral process seamless with your clients and we’re happy to navigate our region together, whether it’s for golf or non-golf properties, we’re experienced in properties ranging from vineyards to coastal luxury and everything in between.

 

We’ve made it easy for your clients to explore this diverse county with a variety of resources ranging from our neighborhood home search tool and mortgage calculator to our Prop 19 and Fire Protection resources that will give your clients an edge when considering their next property in our region, whether it’s biking-related or not, throughout our surrounding towns and cities.

 

Thank you for allowing EF Homes to be your Santa Cruz Real Estate resource.

 

-Erick Fernandez

Posted in Industry Resources
May 24, 2022

UP-TO-THE-MINUTE MAY 2022 MARKET UPDATE: Clickbait Alert

 

Welcome to our May 2022 Up-to-the-Minute Market Watch which I felt compelled to share with you because there’s so much going on right now, with lots of clickbait regarding the supposed, ensuing “crash” along with rising rates. None of this is localized, and in our local market, we live in a highly desirable place with unemployment rates being low and we're seeing buyers out there that are very well-qualified that have low debt to income ratios so there's affordability for these high prices. 

 

Here in Santa Cruz, there are still properties out there for that buyer, and sellers, there is a buyer who's willing to take that house the way it is because they know they can put some sweat equity into it. We want to put the message out there that we're still seeing multiple offers on our listings and that there are options for everyone involved. We have lots of resources that we’ve produced just recently and have available to keep you in the know, all at our blog and throughout our site at EFHomes.com as we’re producing regular video content on so many different issues. 

 

We want to make sure that you have hyper local intel for your situation, and you can't get better information than touching base with us. A quick call, text or email to see what's happening is so easy. We're here as a resource, and it’s never too early to give us a call and find out what's happening so I look forward to hearing from you, make it a great day!

 

Thank you for letting us be your local real estate resource,

Erick Fernandez

Posted in Market Updates
May 23, 2022

[industry edition] Explore Santa Cruz County: Capitola

 

 

Most visitors are very familiar with Capitola Village, but there are some genuinely unique and peaceful neighborhoods just a few minutes walk in all directions. Today, as part of our Industry Referral Partner Program, we’re coming to you from Depot Hill above the Village, but we have brief descriptions of nearby Capitola neighborhoods below so you and your clients can scope out their possibilities including our  Capitola search listings tool. It just so happens that our new EF Homes Headquarters are located in the Upper Village next to everyone’s favorite, Gayle’s Bakery, so we know Capitola very well.

 

NEIGHBORHOODS TO CONSIDER

Riverview: Situated in a storybook Capitola Village setting, steps away from the beach, and blends elegance and charming coastal-home themed architectural details in every house. Prime vacation rental homes.

 

Depot Hill: One of the most prestigious neighborhoods in the county known for its ocean views and beautifully designed homes.

 

Lower Village: Set in the vacation rental zone and perfect for those who want a second home or those who appreciate the convenience of all that Capitola Village offers.

 

Jewel Box: Close proximity to dining, entertainment and shopping of all kinds as well as the beaches.

 

Upper Village: Near locals’ favorite markets and bakeries like Gayles and easy commute on Hwy 1.

 

Cliffwood Heights: Close-knit suburban neighborhood set behind New Brighton Beach.

 

When it comes to ADU’s in Capitola, there are few things to know, but the easiest way to see what a particular property your clients are interested in can accommodate is by visiting our blog on all things ADU will give you everything you need to know. And you can’t forget vacation rental rules potential buyers should know about, here are the latest details.  

 

There’s a lot of local intel that we’re able to share with you to help you look good in front of your clients and we’re happy to be a referral partner and navigate our region together.

 

We’ve made it easy for your clients to explore this diverse county with a variety of resources ranging from our neighborhood home search tool and mortgage calculator to our Prop 19 and Fire Protection resources that will give your clients an edge when considering their next property in our region, whether it’s Capitola or the surrounding towns and cities.

 

Thank you for allowing EF Homes to be your Santa Cruz Real Estate resource.

-Erick Fernandez

Posted in Industry Resources
May 20, 2022

EF HOMES MAY 2022 MARKET WATCH: 1031 EXCHANGE CHANGES

 

HOW WILL 1031 CHANGES IMPACT YOUR INVESTMENT PROPERTY?

In this special Investor Edition of our monthly Market Watch for May 2022, we lay out the potentially massive impacts that may very well affect your investment property in just about 6 months. As we mention in this video, the limitless gain of the 1031 Exchange program’s transfer process is under fire and if you’ve had a property for just a few years, or maybe decades, you’ll want to get all the details that we mention below along with links to some key resources

 

The tax proposals, similar to those presented over the past two years, seek to limit the amount of gain that can be deferred to an aggregate amount of $500,000 ($1 million for married individuals filing a joint tax return) per year for each taxpayer.

 

Here is info from the IRS that details some key points of a 1031 exchange: https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-real-estate-tax-tips

 

We hope you enjoyed this special edition of Market Watch. Have you checked out our library of resources, including our READY TO STAY & SELL programs allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more whether you’re in the market to buy or sell your home. Plus, our Mortgage & Home Value Calculators will help you crunch your numbers.

 

Don’t forget to sign up for our e-newsletter so you don’t miss out on all our news, trends and market information to keep you in the know too.

 

Thank you for letting us be your real estate resource!

 

-Erick Fernandez

 

Posted in Market Updates
May 3, 2022

[industry edition] Explore Santa Cruz County: Pleasure Point

 

[industry edition] - EXPLORE SANTA CRUZ COUNTY: Pleasure Point

While the Opal Cliffs neighborhood hosts quite a few tech icons, Pleasure Point is the playground for everyone to access an amazing coastline bike path that borders an eclectic mix of beach cottages, summer homes and longtime local surf “shacks,” that are highly sought after by a who’s who of Silicon Valley. As your go-to Santa Cruz County referral partner, we’re all about supplying you with local intel to keep your clients informed in their coastal and mountain property search. In this edition, we breakdown the Pleasure Point area and its highly desirable amenities.

 

If you’re wanting to help your clients explore current listings, here’s a link to our Pleasure Point-specific search tool.

 

When it comes to ADU’s in this area, they’re quite popular, and there are few things to know, but the easiest way to see what a particular property your clients are interested in can accommodate, is by checking our ADU spotlight blog, which will give you everything you need to know. And we mentioned those vacation rental rules potential buyers should know about, this link should definitely be referenced if this is your client’s goal in searching for a property in this area. 

 

There’s a lot of local intel that we’re able to share with you to help you look good in front of your clients and we’re happy to be a referral partner and navigate our region together, here's a direct link to our official Referral Partner Program.

 

We’ve made it easy for your clients to explore this diverse county with a variety of resources ranging from our neighborhood home search tool and mortgage calculator to our Prop 19 and Fire Protection resources that will give your clients an edge when considering their next property in our region, whether it’s Pleasure Point or the surrounding towns and cities.

 

Thank you for allowing EF Homes to be your Santa Cruz Real Estate resource.

 

-Erick Fernandez

Posted in Industry Resources
April 28, 2022

EF HOMES SOUTHBAY MARKET WATCH APRIL 2022

 

WOW-FACTOR FINANCING NO ONE IS TALKING ABOUT

As you have probably noticed, the Silicon Valley’s Southbay real estate market is absolutely RED HOT and doesn’t seem to be slowing down. There are a lot of financing myths and options out there that we want to bring to light so as someone just entering the market, it’s not as intimidating. Our guest this month is mortgage consultant, Tai Boutell, who is powered by Mason-McDuffie Mortgage Corporation's Santa Cruz Lending Group. We’ve worked with Tai for many years in both the South Bay and Santa Cruz markets. He breaks down six dynamic financing programs that are well kept secrets that in some cases, just came on the market. From veterans and solopreneurs to those just graduating medical school, there’s something for almost every situation.

 

We hope you enjoy this edition of Market Watch for South Bay. And if by chance you’re curious about what Santa Cruz offers as an option in your home search, here’s an easy way to get a lay of the land via our library of resources. Be sure to check out our READY TO STAY & SELL programs allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more whether you’re in the market to buy or sell your home. Plus, our Mortgage & Home Value Calculators will help you crunch your numbers.

 

Don’t forget to sign up for our e-newsletter so you don’t miss out on all our news, trends and market information to keep you in the know too.

 

Thank you for letting us be your real estate resource!

 

-Erick Fernandez

 

Posted in Market Updates, Sellers
April 28, 2022

EF HOMES SANTA CRUZ COUNTY MARKET WATCH APRIL 2022

6 FINANCING OPTIONS DEFINITELY WORTH EXPLORING

While the real estate market here in Santa Cruz County continues to be heavily influenced by the stock portfolios of those in Silicon Valley and throughout the Bay Area, there are still options for those who are a bit intimidated by the headlines. In this edition, our guest is Tai Boutell of Santa Cruz Lending Group who breaks down six dynamic financing programs that are well kept secrets that in some cases, just came on the market. From veterans and solopreneurs to those just graduating medical school, there’s something for almost every situation.

 

We hope you enjoy this edition of Market Watch for Santa Cruz County. In the meantime, be sure to check out our library of resources, including our READY TO STAY & SELL programs allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more whether you’re in the market to buy or sell your home. Plus, our Mortgage & Home Value Calculators will help you crunch your numbers.

 

Don’t forget to sign up for our e-newsletter so you don’t miss out on all our news, trends and market information to keep you in the know too.

 

Thank you for letting us be your real estate resource!

 

-Erick Fernandez

 

Posted in Buyers, Market Updates
April 20, 2022

WELCOME TO OUR EF HOMES REFERRAL PARTNER PROGRAM

Welcome to EF Homes' industry referral partner program. We look forward to working with you and introducing you to our extensive library of resources listed below to introduce both you and your clients to the Santa Cruz County market. We have quite a few intricacies that impact buying a home or property in our region and we welcome the opportunity to guide you and your clients through the process so it's a completely seamless transition.

 

_________________________

 

Industry Testimonial

Erick was on top of everything from the get-go - introductory phone call with them, understanding their requirements, showing homes and getting them in contract on their dream vacation/2nd home - all in a very short span of time. The area they were looking at has an array of regulations concerning short term rentals and he helped them navigate through the puzzle to find the right home with the perfect location that fit their needs. They are very happy!

 

Erick kept me informed every step of the way and made it very seamless. I am actually grateful to be able to learn and adopt Erick's referral experience in my own business!

Abhi Indap

CA DRE #02061001, REALTOR®
Top 1%  - KW Northern CA & HI Region  

 

_________________________

 

As mentioned in the video above, there are quite a few topics that your clients will likely be interested in, including:

 

ADU Requirements

Proposition 19

Vacation Rental Guidelines

Fire Protection Resources

 

We also have our series that highlights specific areas of our region including golf course living, hidden beach enclaves and Silicon Valley commute-friendly neighborhoods. All these can be found in our Neighborhood Spotlight Series.

 

We’ve made it easy for your clients to explore this diverse county with a variety of resources ranging from our neighborhood home search tool and mortgage calculator but we also have our Ready To Stay financing program that will give your clients an edge when considering their next property in our region. Please feel free to review our latest client testimonials as you and your clients will always be in great hands with EF Homes.

 

Thank you for allowing EF Homes to be your Santa Cruz Real Estate resource and we look forward to meeting you and please do reach out if you're visiting our area via TEXT, CALL at (831) 247-0477, or email Erick@EFHomes.com.

 

-Erick Fernandez

 

 

Posted in Industry Resources
March 25, 2022

EF HOMES SANTA CRUZ COUNTY MARKET WATCH MARCH 2022

 

Why Is 20% Over Asking No Longer Shocking?

 

These stats may have you dropping your jaw, but if you look at Q4 of 2021 where prices had risen 20% to the previous year, you’re looking at a 40% average sale price increase in just a matter of months. There are certain neighborhoods like Black’s Beach400 14th Avenue and 1811 Alice Street, as well as Live Oak - 2510 Begonia Place, The Banana Belt - 211 Parnell Street and 916 Melrose Avenue, and Prospect Heights - 128 Carol Avenue (where this video was filmed) that are experiencing the same level of hyper activity by anxious buyers. There are lots of variables at play with the state of the world, rising interest rates, and those wanting to lock in a long term asset by cashing out a portion of their stock portfolio, at the core of what can only be described as truly unprecedented.

 

Curious about your home's value, we make it easy, tap/click HERE.

 

So with that said, the time most definitely is now to sell and take advantage of this market and we have some tools and resources in the paragraph below that we’ve referenced in this episode that can help expedite the process of prepping your home. 

 

But not to worry if you’re a buyer…there’s competition, but we have several tools and strategies that we can use to break out of the pack and secure that dream home. This, especially now, is a very custom approach, so it’s always best to touch base with us to have a detailed chat so you know what you’re working with.

 

We hope you enjoyed this edition of Market Watch for Santa Cruz County. In the meantime, be sure to check out our library of resources mentioned in this episode, plus don’t miss our READY TO STAY & SELL programs allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more. And our Mortgage & Home Value Calculators will help you crunch your numbers.

 

And don’t forget to sign up for our e-newsletter (just scroll down from the top a little) so you don’t miss out on all our news, trends and market information to keep you in the know.

Thank you for letting us be your real estate resource!

-Erick Fernandez

 

 

Posted in Market Updates
March 25, 2022

EF HOMES SOUTHBAY MARKET WATCH MARCH 2022

$500K Over Asking? Here’s Why It’s Becoming So Common…

Yeah, if it weren’t for the red hot market that was 2021, we wouldn’t believe it either. There are lots of variables at play with the state of the world, rising interest rates and those wanting to lock in a long term asset by cashing out a portion of their stock portfolio, being at the core of what can only be described as truly unprecedented.

 

The Southbay has quite a few neighborhoods, including Cambrian - 1787 Michon Drive, 6281 Gunter Way, 6204 Glendora Court, Blossom Valley - 4474 Jonquil Drive, 5436 Cahalan Avenue, 754 Pearlwood Way, Campbell - 400 Queens Street, 400 Castro Court, 264 Radford Drive, Willow Glen - 1635 Everett Avenue, 1719 Husted Avenue, 3025 Canoas Creek Court, 1450 Padres Drive, and West San Jose - 2935 Neal Avenue, 4163 Piper Drive, 4091 Lemoyne Way, 1388 Poe Lane that are regularly seeing 20%-30% over asking as the average sale price. Insert the fact the pure amount of competition and you have all the makings of an outrageously HOT market for sellers.

 

Curious about your home's value, we make it easy, tap/click HERE.

 

So with that said, the time most definitely is now to sell and take advantage of this market and we have some tools and resources in the paragraph below that we’ve referenced in this episode that can help expedite the process of prepping your home. 

 

But not to worry if you’re a buyer…there’s competition, but we have several tools and strategies that we can use to break out of the pack and secure that dream home. This, especially now, is a very custom approach, so it’s always best to touch base with us to have a detailed chat so you know what you’re working with.

 

We hope you enjoyed this edition of Market Watch for Silicon Valley’s South Bay. In the meantime, be sure to check out our library of resources mentioned in this episode, plus don’t miss our READY TO STAY & SELL programs allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more. And our Mortgage & Home Value Calculators will help you crunch your numbers.

 

And don’t forget to sign up for our e-newsletter so you don’t miss out on all our news, trends and market information to keep you in the know.

 

Thank you for letting us be your real estate resource!

-Erick Fernandez

 

 

Posted in Market Updates