Dax Nollenberger

- Dax Nollenberger

Dax’s Data: Yes, The Market Is Changing!

June 2, 2022[embed]https://www.youtube.com/watch?v=atxrZA5d5RE[/embed] You may have heard; the real estate market is changing. The feds interest rate hikes have had their intended effect of slowing the market. Rising interest rates mean less buying power and fewer interested buyers. It may also mean that buyers have an opportunity that hasn’t been present in two-plus years; increased leverage.  While more inventory feels like a sign of change, an increase in inventory exclusively doesn’t necessarily mean a change in the market. It is normal in our seasonal real estate market...

- Dax Nollenberger

Dax’s Data: SC Still a Bargain in the Silicon Valley Orbit

May 11, 2022[embed]https://www.youtube.com/watch?v=W3lxAv5yhQw[/embed] Historically, Santa Cruz County trails both San Mateo and Santa Clara County in nearly every major real estate metric. Silicon Valley drives local real estate. San Mateo and Santa Clara County have been in a league of their own when it comes to appreciation and sale price. The “over the hill” market, driven by high-paying jobs, trickled into our quiet little beach community but didn’t make such an impact that more “affordable housing” became the resounding dinner topic when breaking bread with friends and...

- Dax Nollenberger

What about a Short Term Rental?

April 19, 2022[embed]https://www.youtube.com/watch?v=HObW5y4swXo[/embed] An excellent way to offset the rising housing cost is to rent out all or a portion of your new home for a specified period of time throughout the year.  A question I get frequently as a real estate agent in Santa Cruz County is, can I Airbnb this property? Unfortunately for me, the answer isn’t a clear yes or a clear no. As with any government-regulated industry, there are extensive rules and regulations.  The short answer, of course, is maybe. With an ever-increasing...

- Dax Nollenberger

Dax’s Data: How Areas in Santa Cruz City Compare

March 9, 2022[embed]https://www.youtube.com/watch?v=oz4Dj31hAw0[/embed] Last month we dove into how each township in Santa Cruz County compares. This month I wanted to zoom in and get hyper-focused on one area in particular, the city of Santa Cruz. Our deep dive into the county showed us just how strong of a market Santa Cruz is, ranking in the top half of every major real estate category since 2010. What neighborhoods are driving the strong numbers and what neighborhoods benefit from their excelling neighbors? If you didn’t get an opportunity...

- Dax Nollenberger

Dax’s Data: How Areas in Santa Cruz County Compare

February 7, 2022What we know from previous analysis is that the Santa Cruz County real estate market has been on a tear since 2012 when the recovery from the ’08 housing crash solidified itself. What I intend to show is that not all areas in Santa Cruz have experienced the same level of appreciation and growth. Some areas have pulled averages upward while others dragged averages down. I focused specifically on townships within Santa Cruz County with enough of a yearly sample size in homes sold to...

- Dax Nollenberger

Dax’s Data: 2021 Year in Review

January 11, 20222021 was the year of firsts. Not only did the real estate market survive a global pandemic, it thrived. To be fair, it thrived despite unprecedented times not because. Santa Cruz County Real Estate has seen a consistent and steady appreciation since the last housing crash and great recession.  To truly put into perspective just how crazy the 2021 Santa Cruz County real estate market really was, I dove into the last 11 years of real estate data. So, what records were broken in 2021?...

- Dax Nollenberger

Dax’s Data: The True Cost of Changing Interest Rates

December 15, 2021With all this talk about inflation and the inevitable increase in interest rates coming in 2022, I wanted to dive into the actual effect that interest rates have on both your buying power and the overall cost of the loan. Now, the two obvious conclusions are that as interest rates increase, buying power decreases and the cost of the loan gets more expensive. But at what rate? And at what impact to the affordability of homes? Low-interest rates have been a major talking point as...

- Dax Nollenberger

Dax’s Data: The Value of Professional Staging & Photography

November 23, 2021The Monetary Value of Professional Staging & Photography Let me begin by just saying this, the value of professional staging and photography is real and I have the numbers to prove it.  Before I dive into the numbers, let me tell you exactly how I collected and analyzed the data. I looked at over 500 recently sold single-family homes in Santa Cruz County from July 17th, 2021 to November 5th, 2021. I scrolled through the pictures on the MLS and marked whether it was staged,...

- Dax Nollenberger

Dax’s Data- What About The Condo Market?

October 13, 2021What about the Condo/Townhome market? As the single-family residence market continues its record pace, I frequently get inquiries about how the Condo/Townhome market in Santa Cruz County compares. Those that own want to know what it’s worth now and those that have gotten buyer fatigue in the single-family space are starting to consider Condo’s or Townhomes as an truly viable alternative. Let’s dig deeper into the Condo/Townhome market.  Note: You may see the abbreviation of C/T and SFR throughout this blog, that stands for Condo’s/Townhomes...