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!

Dec. 2, 2021

EF HOMES SOUTHBAY NOVEMBER 2021 MARKET WATCH

 

If you’re looking at the market’s limited inventory and wondering how you’re going to secure that dream home in your favorite neighborhood, we have a little secret for you. And this is also for those who just want to stay in their coveted neighborhood and don’t want to move in order to upgrade. It’s all about new construction as a niche trend that's developing where single home developers take care of the entire process, from scraping the previous property or using a piece of land to build the home you select from their vast catalogue of amazing homes. Since they typically buy in bulk, your build’s pricing is locked even when supply chain costs rise and when your home is complete, the 10-year home warranty can’t be beat.

 

So if you’re a buyer, you could literally purchase that piece of land that no one else is considering, secure your building service and be walking through your new front door in no time.

 

We’ve partnered with one of the Southbay’s top builders so all you have to do is reach out and we’ll get the process started. In the meantime, be sure to check out our other home buyer resources including our READY TO STAY program allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more after you move it, and our Mortgage Calculator will help you crunch your numbers.

 

Thank you for letting us be your real estate resource!

-Erick Fernandez

 

Posted in Market Updates
Dec. 2, 2021

EF HOMES SANTA CRUZ NOVEMBER 2021 MARKET WATCH

 

We’re only about a month away from a slough of new laws going into effect, two of them are SB9 & SB10, which may very well impact your current home as well as selling or buying a home in the coming year. 

 

SB9 Items to Know

1. It allows homeowners in most areas around the state to divide their property into two lots, thereby increasing opportunities for homeownership in their neighborhood;

 

2. It allows two homes to be built on each of those lots, with the effect of legalizing fourplexes in areas that previously only allowed one home.

 

3. SB 9 contains important protections against the displacement of existing tenants.

 

 

SB10 Items to Know

1. SB 10 makes it easier for cities to zone for smaller, lower-cost housing developments of up to 10 units to address California’s housing crisis. 

 

2. SB 10 provides tools for local governments to zone for up to ten homes per parcel in transit-rich areas, or urban infill sites. 

 

3. SB 10 maintains local control, as a local legislative body must pass a resolution to adopt the plan. It creates a pathway for streamlined upzoning in transit-rich areas, SB 10 allows more Californians, including communities of color, to access high-opportunity and will help alleviate traffic congestion and pollution.

 

 

Hopefully you’ve found some value from this overview, which is part of our weekly video series providing the Santa Cruz and Southbay communities with a variety of resources to make real estate a whole lot easier. Here are just a few of them:

 

Home Value & Mortgage Calculators

 

Neighborhood-Based Listing Tool

 

Video Library Featuring Prop 19, ADU’s, Fire Prevention News & Resources

 

Ready to Sell & Ready to Stay 0% Financing for Sellers and Buyers to Renovate Their Interior and Exterior

 

Thank you for letting us be your real estate resource!

-Erick Fernandez

 

Nov. 16, 2021

PANDEMIC EFFECT ON HOME SELLERS

 

SELLING YOUR HOME HAS DEFINITELY CHANGED, HERE’S HOW...

 

With our nearly complete Upper Capitola Village EF Homes Headquarters as our backdrop, we wanted to share the why and how of selling your home now that we’ve had close to two years of expedited change in our industry. Buyers’ ability to find homes they want to visit takes place on the couch many times, and those days of touring open houses all day are just about over for most. So when it comes to differentiating your home from the rest, it’s all about that first impression but also diving deep into the lifestyle of living in your home.

 

If you’re home is a bit outdated, and your neighbors have sold sparkling, newly-renovated homes and you’re left wondering how you’re going to make some magic happen...it’s probably time that we chatted about your personal situation as our exclusive Ready to Sell program lets you update the interior and exterior with 0% financing based on your credit and home value with repayment due at 12 months or sooner when your escrow closes with proceeds from the sale.

 

With all of this said, we really recommend accessing our library of resources at EFHomes.com, including our home value calculator, neighborhood search tool for the latest listings in your neighborhood, as well as our weekly blog featuring local real estate-focused news and trends as well as our e-newsletters filled with resources to keep you in the know.

 

Thank you for letting us be your real estate resource, we’re happy to help when the time is right.

 

-Erick Fernandez

Posted in Sellers, Trends
Nov. 16, 2021

PANDEMIC EFFECT ON HOME BUYERS

 

THE PANDEMIC EFFECT ON BUYING YOUR NEXT HOME

 

Coming to you from our new EF Homes Headquarters in the Upper Capitola Village next to Gayle’s Bakery, we’re breaking down how the last year and a half has impacted buying a home. Whether you’ve had a lifetime of buying homes or it’s your first, there are quite a few changes that have taken place and while tech plays a big part, it has also proven why traditional methods still prevail.

 

Our biggest recommendation is NOT to rely on the prominent real estate search sites, as they’re not able to keep up with the speed at which this market moves. That perfect home you see that’s been on the market for 2 weeks, and maybe you’ve ventured out for a driveby, could have had escrow close a couple days ago and you’ve just wasted a lot of time and emotion.

 

With all of this said, we really recommend accessing our library of resources at EFHomes.com, including our mortgage calculator, neighborhood search tool for the latest listings, as well as our weekly blog featuring local real estate-focused news and trends as well as our e-newsletters filled with resources to keep you in the know.

 

Thank you for letting us be your real estate resource, we’re happy to help when the time is right.

 

-Erick Fernandez

Posted in Buyers, Trends
Nov. 16, 2021

[industry edition] EXPLORE CAPITOLA

 

When it comes to exploring Capitola, there’s a whole lot more than just the Village area that most visitors rarely venture out from. 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 Capitola and it’s many areas and regulations.

 

Below, you’ll find a quick summary of each neighborhood, but if you’re wanting to help your clients explore current listings, here’s a link to our Capitola search tool.

 

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 Gayle's and easy commute on Hwy 1

 

Cliffwood Heights

A close-knit suburban neighborhood set behind New Brighton Beach

 

 

When it comes to ADU’s there are few things to know, but the easiest way to see what a particular property your clients are interested in can accommodate, THIS BLOG will give you everything you need to know. And we mentioned those vacation rental rules potential buyers should know about, here are the latest details: sccoplanning.com/PlanningHome/ZoningDevelopment/VacationRentals.aspx

 

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
Nov. 12, 2021

VACATION RENTAL NEWS YOU NEED TO KNOW

 

Are you considering buying a property purely for rental income, or maybe your ADU is just about done and you’re ready to list it? You’ll want to take a peek at this week’s video to get the latest updates on all things vacation rental news in Santa Cruz County as permits and waitlists are now factors for areas throughout the region...did you know there are limits to the number of rentals on specific streets?

 

You’ll definitely want to familiarize yourself with the County’s website page that’s devoted to this topic so you can view their maps and guidelines you’ll need to keep in mind: 

sccoplanning.com/PlanningHome/ZoningDevelopment/VacationRentals.aspx

 

Our recent blog on all things ADU might be of interest too, which includes plugging in the address of the property you plan to buy or maybe already own to see what’s permitted for your area of the county.

 

But if you’re in the market for that prime vacation rental property, you might want to take a look at the listings within our many neighborhoods that make up our region while our mortgage calculator might be helpful for crunching your numbers. 

 

And if you need to sell a property or two to make it happen, don’t forget about our home value calculator and our Ready to Sell program that lets you upgrade your home’s interior and exterior with 0% financing that’s paid back when your escrow closes.

 

Thank you for letting us be your real estate resource,

 

Erick Fernandez

 

Posted in Resources
Nov. 3, 2021

THINGS TO DO IN SANTA CRUZ

We're curating lots of upcoming events that are happening in the coming days, but also some of our go-to favorite activities that might not be easily found. Enjoy your visit and let us know if we can help extend that stay in your search for a mountain or beach retreat!

Lots of great events and activities coming soon, in the meantime, here are some great resources!

 

SantaCruz.com

Lookout SantaCruz

 

 

 

Posted in Resources
Oct. 27, 2021

EF HOMES SOUTHBAY Q4 2021 MARKET WATCH

 

THE SOUTHBAY REAL ESTATE MARKET EXPLAINED...

Whether it’s downtown San Jose, Cambria or Willow Glen, there are neighborhoods that are hot and not so hot, but you do need to keep in mind there are a variety of variables including your personal situation to consider as you navigate it all. In this video, I spell out what the current market is doing, but also profile the factors that are infused into every situation, whether you’re a buyer or seller.

 

I love numbers and analytics so feel free to reach out and we can discuss what the market means for you. We also have an amazing library of resources from our home value & mortgage calculators to our Ready To Sell program that allows sellers to update their homes with no hassle and 0% financing. Plus access to our Neighborhood Listings resource for all the latest listings throughout the county...we look forward to helping you navigate your real estate journey.

 

Want to take a peek at the Santa Cruz market listings, and here's our Market Watch for Santa Cruz.

 

Thank you for letting us be your real estate resource!

 

-Erick Fernandez

 

 

Posted in Market Updates
Oct. 27, 2021

EF HOMES SANTA CRUZ COUNTY Q4 2021 MARKET WATCH

WHY YOU SHOULDN’T READ TOO MUCH INTO THE HEADLINES

As we near the end of the year, the market might be hot or cold, depending on who wrote the article you’re reading. I’m a big advocate of reading the market for each person’s specific situation since there are so many variables at play. In this video, I spell out what the current market is doing, but also profile the factors that are infused into every situation, whether you’re a buyer or seller.

 

I love numbers and analytics so feel free to reach out and we can discuss what the market means for you. We also have an amazing library of resources from our home value & mortgage calculators to our Ready To Sell program that allows sellers to update their homes with no hassle and 0% financing. Plus access to our Neighborhood Listings resource for all the latest listings throughout the county...we look forward to helping you navigate your real estate journey.

 

Thank you for letting us be your real estate resource!

 

-Erick Fernandez

 

Posted in Market Updates
Oct. 26, 2021

DROUGHT-TOLERANT LANDSCAPING, WHERE TO BEGIN

 

While beautiful, lush-green lawns are eye-catching, your water bill to maintain them might also catch your eye as we all enter a climate of drought restrictions for the foreseeable future. In this episode of our Homeowner Resource Series, we tackle the 101 on jumping into creating your own drought-tolerant landscape. Whether you’re working from a clean slate or you’re considering doing it in baby steps, here are some resources to get your green thumb ready with the latest trends in conserving water.

 Resources

Smart Sprinkler Review

Grass Alternatives

Smart Drip System

 And for all those buyers and sellers out there, you’ll now have an idea of what to look for and consider as you get ready to enter the market and critique what’s going outside the home that can add value to a property. We love to provide those entering the real estate market with resources and along those lines, we always like to include links to our MORTGAGE + HOME VALUE CALCULATORS, UP TO THE MINUTE LISTINGS, plus our READY TO SELL program that allows sellers to update their home, inside and out (including a complete landscaping overhaul), with 0% financing that’s paid back through proceeds of the sale when escrow closes.

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

Erick Fernandez

 

Posted in Resources, Trends