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!
March 2013 Market Update
This is an analysis of the Santa Barbara Real Estate market through the month of January 2013. Starting with the Home Estate/PUD sector for the month of January 2013 we had about 80 sales compared to 71 in January 2012 and the median sales price went from $810,000 last year rising to $822,000 this year. For more information click here.
February 2011 Market Update
Home sales in Santa Barbara while starting off slowly about 15% down from last year should rebound because the escrows are 30% ahead. The median sales price for now should remain at around $850,000 with some upward pressure in the $500,000 $700,000 range. For more information click here.
January 2011 Market Update
Sales this year are starting out substantially below where they were in 2010 but the escrows for all the Districts are up from where they were last year plus the median list price on those escrows is up for all the Districts except Goleta North and South. For more information click here.
December 2010 Market Update
The real boost in sales was in the below $1 million market where there were 56 sales up from 38 in the previous month. This rise in that sector is the reason the median sales price for the month tumbled to $778,500. For more information click here.
November 2010 Market Update
The single family dwelling market despite an increase of about 9% in the numbers of sales and 8% for escrows and new listings is basically where it was last year at this time. For more information click here.
September 2010 Market Update
Overall Santa Barbara is doing better than most of the rest of the country when you look at the Real Estate Market even with sales dropping. There is a lot of uncertainty out there which rightfully makes buyers timid. For more information click here.
August 2010 Market Update
With a substantial number of escrows for both Single Family homes and Condos opened in August the rest of the year could end on a high note as far as numbers of units sold. But, of the properties that did sell in August they are predominantly farther down the price scale. Of the 79 sales there were 3 sales over $5 million but only 7 from $2 to $3.25 million and 16 from $1 to $2 million. For more information click here.