Santa Barbara Real Estate Statistical Update – Dec 2, 2014. The Santa Barbara real estate market continues its double digit gains. The Santa Barbara median sales price is up 11.5% year over year. The Santa Barbara median sales price currently stands at $875,000. Last year at this time, the Santa Barbara median sales price was $785,000. The Santa Barbara real estate market for 2014 can be wrapped up as high demand, low supply.The number of Santa Barbara homes listed for sale is down 4.1%. As a result, the number of Santa Barbara homes sold is down 14.7%.
The Santa Barbara luxury real estate market defined as homes priced above $5 million is a buying opportunity! While the Santa Barbara real estate market in general has been up double digits for most of 2014, the median sales price in Santa Barbara luxury real estate market is flat. The Santa Barbara luxury real estate market median sales price currently stands at $7,250,000. There is also ample supply for buyers to choose from and Santa Barbara luxury real estate buyers are taking notice. The number of Santa Barbara luxury homes available for sale is up 15.0% year over year. The number of Santa Barbara luxury homes sold is up 27.8%.
Click SANTA BARBARA LUXURY REAL ESTATE to view up to the minute Santa Barbara luxury homes for sale. To receive email updates of new listings and price reductions matching your specific preferences click DREAM HOME FINDER.
For personal attention call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
Have a very Happy Holiday Season!
