Santa Barbara Luxury Real Estate – Opportunity Knocks! Plentiful supply & a flat median sales price creates a buying opportunity! The Santa Barbara luxury real estate market, defined as homes priced at $5 million and above is a great buying opportunity. Year to date, the number of homes for sale in the Santa Barbara luxury real estate sector is up 16.3% while the median sales price of the Santa Barbara luxury real estate sector is flat. The Santa Barbara luxury real estate market median sales price is $7.25 million. Santa Barbara luxury real estate buyers are taking notice and action! The number of homes in the Santa Barbara luxury real estate sector is up 27.8% year over year and that number is likely to increase. Currently, there are 6 homes in the Santa Barbara luxury real estate sector in escrow. Those Santa Barbara luxury homes in escrow include a historic Estate in Hope Ranch on 9 acres with ocean views is listed at $16.9 million, a 3.5 acre Estate in Montecito with ocean and mountain views listed for $16.9 million, a lovely home on 2.1 acres in Montecito with ocean views listed at $7.2 million, a historic home in Montecito listed for $6.9 million, a historic home on 2.1 acres with mountain views listed at $5.995 million and an Equestrian home on 4.4 acres in Hope Ranch listed for $5.975 million.
There is an ample supply of Santa Barbara luxury homes to choose from. Click SANTA BARBARA LUXURY REAL ESTATE to browse up to the minute inventory matching your preferences. To receive email updates of new listings and price reductions matching your needs click DREAM HOME FINDER.
When you want personal attention, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com. I look forward to being of assistance at your convenience.
Have a very Happy Thanksgiving!
