Santa Barbara Real Estate Statistical Update December 10 2013. The Santa Barbara real estate market has experienced a slow down in the number of homes sold in Santa Barbara and in the number of Santa Barbara homes listed for sale over the last couple months. Year to date, the number of homes sold in Santa Barbara is up 3.3% over last year. This is down from earlier this year when we saw number of homes sold in Santa Barbara up in the double digits over last year . Perhaps as a result of the number of homes sold in Santa Barbara declining, the number of homes listed for sale in Santa Barbara is down 11.4% over this time last year. The median sales price of Santa Barbara homes sold is up 19.7% over this time last year. The median sales price of homes sold in Santa Barbara currently stands at $790,000. The median sales price in Santa Barbara this time last year was $660,000.
The Montecito real estate market has also seen a noticeable decline over the last couple months. The number of Montecito homes sold is down 7.0% over this time last year. The number of Montecito homes listed for sale is down 11.4%. The median sales price in Montecito is up 21.9% over this time last year. The Montecito median sales price currently stands at $2,438,000. The Montecito median sales price last year was $2,000,000.
The low end of the Santa Barbara real estate market and the Montecito real estate market is what has been the primary drivers of the double digit median sales price gains year over year. This is a great time for high end buyers! To view homes for sale matching your specific criteria, click SEARCH SANTA BARBARA PROPERTIES When you are ready for personalized attention, call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
Happy Holidays and all the Best to you in the New Year!!
