Santa Barbara Real Estate Statistical Update – February 18, 2014 The Santa Barbara real estate market currently has an extremely low level of homes for sale in Santa Barbara. Year to date the number of Santa Barbara homes for sale is down 20.1% compared to this same time last year. As a result, the number of Santa Barbara homes sold is down 23.3% over this same time. The median sales price in Santa Barbara is up 33% year over year. The Santa Barbara median sales price currently stands at $899,000. Last year at this time the Santa Barbara median sales price was $676,000.
The Montecito real estate market also has very low level of Montecito homes for sale. The number of Montecito homes listed for sale is down an incredible 45.5% compared to last year. As a result, the number of Montecito homes sold is down 35% over this same time. The Montecito median sales price is currently down 10.4% over this same time last year. The Montecito median sales price currently stands at $2,465,000. Last year at this time the Montecito median sales price was $2,750,000.
A buying opportunity exists in Santa Barbara luxury real estate market. To view homes for sale matching your specific criteria, click SEARCH SANTA BARBARA PROPERTIES For personalized attention, call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com