Santa Barbara Real Estate Statistical Update – Dec 15, 2014. The Santa Barbara median sales price continues its double digit gains. The Santa Barbara median sales price is currently $875,000. That is up 10.8% compared to this time last year when the Santa Barbara median sales price was $790,000.
The number of Santa Barbara homes listed for sale is down 3.5%. The number of Santa Barbara homes sold is down 14.2%. There Santa Barbara real estate market is experiencing high buyer demand, and a low supply of Santa Barbara homes for sale.
The Montecito median sales price is up 11.5%. The Montecito median sales price is currently $2,675,000. This time last year the Montecito median sales price was $2,400,000.
The number of Montecito homes listed for sale is down 4.7%. The number of Montecito homes sold is down 13.7%.
The Santa Barbara luxury real estate market is a buying opportunity. The Santa Barbara luxury real estate market median sales price is flat year over year. The Santa Barbara luxury real estate market median sales price is $7,250,000. There is ample supply for Santa Barbara luxury home buyers to choose from. The number of Santa Barbara luxury homes listed for sale is up 17.8% over this time last year. As a result of ample supply and a flat median sales price luxury homes buyers in Santa Barbara are taking action. The number of Santa Barbara luxury homes sold is up 24.3% year over year.
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For personal attention, call Wendy Gragg at 805.453.3371 or email me at WGragg@DistinctiveRealEstateOnline.com
Have a very Happy Holiday Season!!!