The Santa Barbara real estate market continues to suffer from a lack of Santa Barbara homes for sale. The number of Santa Barbara homes listed for sale is down 9.7% over this time last year. The number of Santa Barbara homes sold is down 18.7% over the same time. Eager Santa Barbara home buyers wait with excitement for the next new home to be listed in Santa Barbara. The median sales price of homes sold in Santa Barbara currently stands at $851,000. That is up 17.7% over this time last year when the Santa Barbara median sales price was $722,888.
The Montecito real estate market also suffers from a lack of Montecito homes for sale. The number of new Montecito homes listed for sale is down 13.9% while the number of Montecito homes listed for sale is down 22.8%. Montecito home buyers are also eager for the next new Montecito home to be listed for sale. Interestingly, the Montecito median sales price of $2,250,000 is down 16.7% year over year. Last year the median sales price of Montecito homes sold was $2,700,000. The Montecito luxury real estate market has lagged which is the cause of the decline in Montecito median sales price. This creates a great opportunity for Montecito luxury home buyers. Call or text Wendy Gragg for details on this lucrative real estate opportunity!
To view homes for sale in Santa Barbara and homes for sale in Montecito, click SEARCH SANTA BARBARA PROPERTIES For personalized attention, call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com