Santa Barbara Luxury Real Estate Market Continues to Soar. The Santa Barbara luxury real estate market continues to soar to new heights. A historical Montecito Estate on 3 acres has just sold for $10.5 million. The next day, a 14 acre oceanfront Estate in Hope Ranch sold for $18.1 million. The Santa Barbara luxury real estate market is defined as homes sold over $10 million. So far this year, $166.1 million dollars in closed sales have been reported. This compares with $70.5 million for the entire year in 2011. You can search Santa Barbara luxury real estate by clicking SEARCH SANTA BARBARA LUXURY REAL ESTATE. For personalized attention, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
