Santa Barbara Real Estate Statistical Update – June 17, 2014. The Santa Barbara real estate market activity is brisk. Well priced homes for sale in Santa Barbara are going into escrow very quickly – many with multiple offers. The Santa Barbara real estate market is experiencing a very low number of homes for sale. The number of Santa Barbara homes sold is down 20% over this time last year. The number of Santa Barbara homes listed for sale is down 6.2% over this same time. The Santa Barbara median sales price is $860,000. The Santa Barbara median sales price is up 14.7% from last year at this time when the Santa Barbara median sales price was $750,000.
The Montecito real estate market activity is also brisk. Montecito also has a very low number of homes for sale relative to the buyer demand. This is most prevalent in Montecito homes priced below $3 million. The number of Montecito homes sold is down 25.7% year over year. The number of Montecito homes listed for sale is down 11.9% over this same time. The Montecito median sales price is $2,465,000. This is up as scant 1.1% over this time last year when the Montecito median sales price was $2,438,000. Buying opportunities exist in the Montecito luxury real estate segment – generally homes priced above $5 million.
To view Santa Barbara homes for sale and Montecito homes for sale click SEARCH SANTA BARBARA PROPERTIES From there you can customize a search to meet your specific needs. When you are ready for personalized attention, call or text Wendy Gragg at 805.453.3371 or email to WGragg@DistinctiveRealEstateOnline.com