The Santa Barbara luxury real estate market has seen an uptick in sales activity recently. An oceanfront home on famed Padaro Lane has just closed escrow at $12 million. It was listed at $14.5 million less than 6 months ago. Another Santa Barbara sale was not as fortunate with time on the market. This Montecito Estate on 10 acres was listed in 2012 for $12.9 million. It just closed escrow at $9.725 million.
The Santa Barbara luxury real estate market is beginning to show signs of life again. There were 3 notable sales recently in the Santa Barbara luxury real estate market. An estate on the east end of Montecito just closed escrow at $9,725,000. This Montecito estate sits on just over 10 acres. The main residence is about 8,000 square feet and professionally designed with very high end finish.
Santa Barbara Real Estate Statistical Update – June 17, 2014. The Santa Barbara real estate market activity is brisk. Well priced homes for sale in Santa Barbara are going into escrow very quickly – many with multiple offers. The Santa Barbara real estate market is experiencing a very low number of homes for sale. …
Santa Barbara Real Estate Mid Year Economic Forecast. I attended the Santa Barbara Mid Year Economic Forecast presented by Economist, Dr. Mark Schniepp. Here are the highlights of the presentation: Within the next 12 months, expect higher home prices and rising demand which will increase the currently very low inventory. Within the next…
Santa Barbara Real Estate – Statistical Update June 3, 2014. The Santa Barbara real estate market statistical update is similar to what has occurred so far this year. Fewer Santa Barbara home sales, and fewer Santa Barbara homes listed for sale. Currently, the number of Santa Barbara homes sold is off 21.2% year over…