Santa Barbara Real Estate – Statistical Update Aug 1, 2015. Santa Barbara home buyers remain very active particularly in the luxury real estate market! The number of Santa Barbara homes sold us up 18.3% year over year. The number of Santa Barbara homes listed for sale is up 10% over this same time. The Santa Barbara median home price is $865,000. That is up 1.2% over last year when the Santa Barbara median home price was $855,000.
The Santa Barbara luxury real estate market remains very strong. The number of luxury homes sold in Santa Barbara is up 38.2% over this time last year. The number of Santa Barbara luxury homes listed for sale is up 20% over this same time. The Santa Barbara luxury real estate median home price is $7,000,000. That is down 5.1% from the Santa Barbara luxury real estate median home price this time last year of $7,375,000.
The Montecito real estate market continues to be the strongest in the Santa Barbara area. Demand among Montecito home buyers is very high and supply is very low. The number of Montecito homes sold is up 1.9%. The number of Montecito homes listed for sale is up 3.1%. The Montecito median home price currently stands at $2,950,000. That is up 9.3% from this time last year when the Montecito median home price was $2,700,000.
The Montecito luxury real estate market commands the Santa Barbara luxury real estate market. The number of luxury homes sold in Montecito is up 73.3%. The number of Montecito luxury homes listed for sale is up 32.6%. The Montecito luxury real estate median home price is $7,000,000. That is down 5.1% from last year when the Montecito luxury real estate median home price was $7,375,000.
Click SANTA BARBARA HOMES FOR SALE to view an up to the minute list of homes for sale in Santa Barbara.
Click SANTA BARBARA LUXURY REAL ESTATE to view luxury homes for sale in Santa Barbara and Montecito.
Click SANTA BARBARA DREAM HOME FINDER to receive email updates of new listings and price reductions matching specific criteria you provide.
To discuss your real estate needs, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
