Santa Barbara real estate has been the desire and destination for a multi-cultural community for years - and will continue to be so. This section is dedicated to providing you with a current status as to what our market is doing and where I think it's going. Enjoy!
January 2010 Market Update The number of sales this January has increased substantially in both the Home Estate/PUD Market and the Condo Market. However, for both Home Estate/PUDs and Condos the median sales price in January 2010 took a beating. For more information click here.
December 2009 Market Update There was a decline in the median sales price for both single family residences and condos in 2009. This puts the median price in Santa Barbara right around the median sales price for 2003 which is comparable to the rest of the country. For more information click here.
November 2009 Market Update
Looking at the first 11 months of 2009 we see that sales finally surpassed those that occurred for the same period in 2008. Last year at this time there were about 700 Home Estate/PUD sales and this year that number is closer to 750. For more information click here.
October 2009 Market Update
Since October 2008 sales have been down with a continued decline in the median sales price of homes. Sales started to come back starting in the 3rd quarter of ’09 but the median sales price remains about 20% below where it was last year. For more information click here.
September 2009 Market Update A couple of things that could be driving the market right now are the “First Time Buyer Tax Credit” which is coming to an end shortly and the $729,000 FHA maximum loan which is up for renewal and may not be around for much longer. For a full analysis of the Santa Barbara Real Estate market, click here!
August 2009 Market Update For August ’09, after 2 months in a row of 80+ sales, the total numbers of sales dipped into the high 60s for the Santa Barbara Real Estate areas. For a full analysis of the Santa Barbara Real Estate market, click here!
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