Santa Barbara Real Estate Market Sales Surge. The Santa Barbara real estate market saw 238 properties go into escrow between January 1st and March 5th, 2012. This compares with only 66 Santa Barbara properties that went into escrow in 4th Quarter 2011.
The high end luxury Montecito real estate market also started participating in 2012 after being dormant. So far this year, a 1920’s Montecito Estate listed at $22 million has entered escrow, as has a newer Montecito Estate listed at $12.5 million.
This compares with 4th Quarter 2011 when the most expensive home in escrow during this period was a 1960’s ranch listed at $1.950 million.
The high end Montecito luxury real estate market has also had 3 impressive sales in 2012. One at $16.1 million, another at $10 million, and another at $9.5 million. These 3 sales total $35.6 million which is about half of the total sales volume of Santa Barbara high end luxury real estate for all of 2011.
Buyer activity has been very brisk, but pricing has not been rising. To search homes matching your specific criteria, click SEARCH SANTA BARBARA REAL ESTATE. To receive new listings and recent price reductions matching your specific needs click DREAM HOME FINDER For personal attention call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com