Santa Barbara Real Estate Statistical Update – Jan 15, 2015. The Santa Barbara real estate market is off to a strong start! The Santa Barbara median sales price currently stands at $902,500. That is up 4.9% from this time last year when the Santa Barbara median sales price was $860,000.
The number of Santa Barbara homes listed for sale shows that new listings are up 40.8%. I believe that is an anomaly as this is the time of year when Santa Barbara homes that were previously listed were taken off the market for the Holidays and now are being re-entered as as “New Listing.” The reality is that there are many Santa Barbara buyers who are anxious for new Santa Barbara homes to be listed for sale. The result is that the number of Santa Barbara homes sold is down 7.5% over this time last year.
The Santa Barbara luxury real estate market is off to a very strong start to 2015! The Santa Barbara luxury real estate median sales price is currently $8,250000. That is up 69.2% over last year at this time when the Santa Barbara luxury real estate median sales price was $4,875,804.
The number of Santa Barbara luxury homes listed for sale is up 16.7%. As a testament to the the strength of the Santa Barbara luxury real estate market, the number of luxury homes in Santa Barbara sold is up an incredible 300.0% over this time last year.
Click SEARCH SANTA BARBARA HOMES FOR SALE to view Santa Barbara homes currently for sale. Click SEARCH SANTA BARBARA LUXURY REAL ESTATE for luxury homes for sale in Santa Barbara. Click DREAM HOME FINDER to receive new listings and recent price reductions matching your specific preferences.
For personal attention, call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
Wishing you the best in 2015!!!