Santa Barbara Real Estate – Big Sales in Land

Santa Barbara Real Estate – Big Sales in Land.  The Santa Barbara real estate market is red hot, and the land purchase segment of the Santa Barbara real estate market is participating in a big way.   A 6.5 acre property with a existing Contemporary in need of either a major renovation, or tear down just entered escrow.  The list price is $9.9 million.  Within days of being listed, a 5 acre vacant parcel of land listed for $6.25 million was swiftly picked up by a willing buyer.  Also in escrow is a major fixer/tear down on 1.2 acres in the heart of Montecito.  Its listed for $5.9 million.  Rounding out the impressive land sales just recently is a 5.7 acre vacant parcel listed for $3.65 million that is in escrow.  Inventory is tight, and buyer are active.  To search Santa Barbara homes or land for sale matching your specific criteria, click SEARCH SANTA BARBARA REAL ESTATE   For personalized attention call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com