Santa Barbara Real Estate Statistical Update – July 31, 2014

Santa Barbara and Montecito Real Estate Statistics through July 31, 2014.

Viva la Fiesta! Santa Barbara is Celebrating its 90th Annual Old Spanish Days Fiesta. While the community at large is celebrating Fiesta, the Real Estate Market is busy! The Santa Barbara Real Estate Statistical Update through July 31, 2014 show the Number of Sold Listings down -19.0%, the Dollar Volume of Sold Listings are up +1.9% and the Median Sales Price is up +11.8% year over year. The Median Sales Price in Santa Barbara currently stands at $855,000. Last year the Median Sales Price was $765,000. The Number of New Listings is down -6.4% while the Dollar Volume of New Listings is up +2.0%. The Median List Price currently stands at $959,000., up +8.4% from last year’s Median List Price of $885,000.

Montecito Luxury Real Estate – Buying Opportunity!!!

Montecito Luxury Real Estate – Buying Opportunity!!!  The Montecito luxury real estate market offers a really good buying opportunity.  While the Santa Barbara real estate market and Montecito real estate market are performing well, the luxury segment of Santa Barbara real estate and Montecito real estate provide ample opportunity.  There is a terrific supply of…

Santa Barbara Real Estate Statistical Update

Santa Barbara Real Estate Statistical Update. Buyers are taking action in the Santa Barbara real estate market.  The number of  Santa Barbara homes sold is up 34.5% year to date while the number of Santa Barbara homes listed for sale is down 3.9%.  The inventory of homes for sale in Santa Barbara is getting squeezed!  Meanwhile, the Santa…