Santa Barbara Real Estate Statistical Update Apr 15, 2015. The Santa Barbara real estate market is busy! While the Santa Barbara median sales price remains flat year over year at $850,000. – the activity is brisk. Well located and well priced homes are receiving multiple offers. The number of Santa Barbara homes sold is up 10.8% year over year. The number of Santa Barbara homes listed for sale is up 8.1% year over year. We are still seeing many homes being re-listed as “new listings” which skews this data. Interestingly, many Santa Barbara homes that did not sell last year are being re-listed and are selling much more quickly in today’s market.
The Santa Barbara luxury real estate market has been very busy! The Santa Barbara luxury real estate market median sales price is up 15.1%. The Santa Barbara luxury real estate median sales price currently stands at $7,800,000. Last year at this time the Santa Barbara luxury median sales price was $6,778,000. The number of Santa Barbara luxury homes sold is up a whopping 127.3% over this time last year. Statistics show the number of Santa Barbara luxury homes listed for sale is up 56.8% but this is skewed by re-listings.
The Montecito real estate market has been in high demand. The Montecito median sales price is up 7.6%. The Montecito median sales price is now $2,420,000. Last year at this time, the Montecito median sales price was $2,250,000. The number of Montecito homes sold is up 2.3%. The number of Montecito homes listed for sale is up 4.3%. There is very strong buyer demand, and very few new listings in Montecito.
The Montecito luxury real estate market is exceptionally busy. The Montecito luxury real estate median sales price is currently $8,400,000. That is down 4.5% from this time last year when the Montecito luxury real estate median sales price was $8,800,000. The number of Montecito luxury homes sold is up a staggering 200% over this time last year. The number of Montecito luxury homes listed for sale is up 77.8% but this is skewed by re-listings.
Click SANTA BARBARA HOMES FOR SALE to view up to the minute inventory of homes for sale
Click SANTA BARBARA LUXURY HOMES FOR SALE to view up to the minute Estate properties for sale.
Click SANTA BARBARA DREAM HOME FINDER to receive an email with new listings and price reductions matching your specific preferences.
To discuss your real estate needs contact Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
