Buyer Activity Is Heating Up Nearly Half of All Sales in February Were Cash Single Family Homes Sold +16% ~ 57 in Feb 2024 vs. 49 in Feb 2023 Single Family Median Sales Price +8% ~ $2,265,000. in Feb 2024 vs. $2,090,000. in Feb 2023 Single Family Average Sales Price +34% ~ $4,226,728.…
Interest Rates Hit 7% Range Year to Date, 40% of All Sales Were Cash Single Family Homes Sold -25% ~ 73 in Aug 2023 vs. 97 in Aug 2022 Single Family Median Sales Price -16% ~ $1,910,000. in Aug 2023 vs. $2,272,000. in Aug 2022 Single Family Average Sales Price -19% ~ $2,726,486.…
Number of Sales Continue to Decline Mortgage Rates Hit 7% Single Family Homes Sold -44% ~ 49 in Feb 2023 vs. 89 in Feb 2022 Single Family Median Sales Price -16% ~ $2,090,000. in Feb 2023 vs. $2,500,000. in Feb 2022 Single Family Average Sales Price -7% ~ $3,146,770. in Feb 2023 vs. $3,389,153.…
South Coast Snapshot… The Santa Barbara Real Estate Market is on Fire! Huge Buyer Demand Very Low Inventory We are in the 10th consecutive month of very low inventory. If you are thinking of selling, lets talk… Single Family Homes Sold +22% ~ 159 in Aug 2020 vs. 130 in Aug 2019 Single Family…
South Coast Snapshot… July 2020 was a record setting month. Demand is the strongest I have seen in nearly 20 years. We are in the 9th consecutive month of very low inventory Single Family Homes Sold +9% ~ 127 in July 2020 vs. 117 in July 2019 Single Family Median Sales Price +43% ~…
Amazon: Santa Barbara’s Newest Addition. Google: Expands Santa Barbara Office. Amazon is currently in the process of completing tenant finishes on its 46,816 square feet in the heart of downtown Santa Barbara. They are the newest high tech industry among many, including Google who just increased their office size to 54,648 square feet. How will…
AMAZON JOINS GOOGLE & MANY MORE Amazon is on its way to Santa Barbara!! Amazon Alexa is moving into 46,813sf at 1001 State St in downtown Santa Barbara. Amazon’s website lists several job openings for its new Santa Barbara location. Google who has had a home in Santa Barbara for some time now, has just…
January 2019 South Coast Snapshot… Total sales of 86 single family homes are up 39% compared to January 2018. Total sales of 37 condos are up 37%. Please note this compares to the devastating natural disasters. Average price for single family homes at $2,244,486. is up 35% over last year. Median sales price for single…
Santa Barbara Luxury Real Estate – Sales Activity. The luxury segment of the Santa Barbara real estate market has been very strong! Year to date, the Santa Barbara luxury real estate market has tallied $250.9 million in sales. This compares with $161.7 million in sales for all of last year. The Santa Barbara luxury real…
Santa Barbara Luxury Real Estate Activity Update. The Santa Barbara luxury real estate market remains strong. Recent closed sales include an oceanfront cottage on half an acre with about 84 feet of ocean frontage. It was listed at $14.9 million and closed escrow at $13 million. It sold in 34 days! This oceanfront cottage…