Santa Barbara Real Estate Statistical Update – Apr 30 2015. Sales activity is brisk! Anxious buyers are eager for well located and well priced listings to hit the market. When they do, many receive multiple offers. The number of homes sold in Santa Barbara is up 16% over this time last year. The number of newly listed homes for sale in Santa Barbara is up 9% over last year. The Santa Barbara median sales price currently stands at $819,000. That is down 4.4% from this time last year when the Santa Barbara median sales price was $857,000.
The Santa Barbara luxury real estate market is very strong. The number of Santa Barbara luxury homes sold is up an incredible 62.5% over last year. The number of newly listed Santa Barbara luxury homes for sale is up 48.9% but this number is skewed by re-listings of Santa Barbara homes that were on the market for a while, taken off the market and put back on the market again. The Santa Barbara luxury real estate market median sales price is $7,800,000. That is up 11.4% from this time last year when the Santa Barbara luxury real estate market median sales price was $7,000,000.
The Montecito real estate market is in very high demand. The number of newly listed Montecito homes is down 1.7% over this time last year while the number of Montecito homes sold is up 6%. Anxious Montecito buyers are scrambling to find newly listed Montecito homes. As a result, many newly listed Montecito homes listed are receiving multiple offers. The Montecito median sales price is $2,400,000. That is down 11.1% over last year when the Montecito median sales price was $2,700,000.
The Montecito luxury real estate market is especially strong. The number of Montecito luxury homes sold is up a whopping 116.7% over this time last year. The number of newly listed Montecito luxury homes is up 65.2% but this is skewed by re-listings. The Montecito luxury real estate median sales price is $6,845,000. That is down 22.2% over this time last year when the Montecito luxury median sales price was $8,800,000.
To discuss your Santa Barbara or Montecito real estate needs, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
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