Was recently reading how our great local university, UC Santa Cruz is having a huge admission surge for the following quarter. In the fall quarter, when I have the most inquiries for parents of UCSC students, they will find things a mad frenzy to buy or rent. Buying a Santa Cruz home is always a big deal.
No matter how you slice it Santa Cruz real estate is not cheap. Even with the recent downturn in prices in 2008-9, the prices compared to many places went from extremely high to expensive. So you ask with 35,000 applicants for about 15,000 positions, how are things going to be different?UC Santa Cruz has benefited from the economy doing poorly. With jobs less available, going back to school and getting a degree or advanced degree is often times a smart move. Well things maybe different this year for parents, because of now, there are some great, really great condo deals in downtown Santa Cruz. Low prices in Santa Cruz homes, is sort of an oxymoron.
When you do a Santa Cruz home search, you will find that the homes near the university can be bought in the 700′s and up and the condos are generally in the $400-500,000 range. If you get lucky and or smart and buy early, you can find places downtown that are about half that price for a condo.
If you think that you may want to consider a Santa Cruz real estate investment along with your student’s investment in education, now is a great time to contact an experienced Santa Cruz real estate broker and get both investments well on their way.
Give Gregg Camp a call and get started on finding a great deal to go along with your other long term investment, your child’s education. Both are smart investments.
