Santa Barbara Luxury Real Estate – Analysis on Closed Sales Activity. The Santa Barbara luxury real estate market is having a great year! The Santa Barbara luxury real estate market is defined for this analysis as luxury Estates that sold above $10 million. Half way through 2015, there are 9 closed sales totaling $128,134,566. On average, these Santa Barbara luxury Estates sold at 81% of asking price, and averaged 453 days on the market.
In 2014, there were 12 closed sales totaling $161,737,244. On average, these Santa Barbara luxury Estates sold at 68% of asking price, and averaged 699 days on the market.
Santa Barbara luxury Estate buyers are taking action! There is ample supply for luxury buyers to choose from. Right now, there are currently 25 luxury Estates for sale in Santa Barbara. The most expensive is a legendary Estate on 237 acres listed for $125,000,000. The least expensive is a 4 acre Estate in the Golden Quadrangle of Montecito that needs updating. It’s listed at $12,650,000. There are 16 luxury Estates in Montecito ranging from $125,000,000 to $12,650,000. There are 5 luxury Estates in Hope Ranch ranging from $23,000,000 to $13,995,000. There are 4 Santa Barbara oceanfront properties for sale ranging from $19,500,000. to $14,885,000. For more information on any of these luxury properties, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com.
Click SANTA BARBARA LUXURY REAL ESTATE to view up to the minute list of luxury Estates for sale.
Click SANTA BARBARA OCEANFRONT REAL ESTATE to view up to the minute list of oceanfront homes for sale in Santa Barbara.
Click SANTA BARBARA DREAM HOME FINDER to receive email updates of new listings and recent price reductions matching your specific preferences.
To discuss your real estate needs call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
