Santa Barbara Real Estate Statistical Update – Mar 16, 2015. The Santa Barbara real estate market is off to a strong start! Buyers are eager to see new listings. Well priced and well located Santa Barbara homes are selling with multiple offers.
The Santa Barbara median sales price is $815,000. That is down 4.1% from this time last year when the Santa Barbara median sales price was $850,000. The number of Santa Barbara homes sold is up 9.2%. Statistics show the number of newly listed Santa Barbara homes is up 15.4% but we are still seeing homes listed for sale prior to the holidays being re-listed. The statistic shows this as a new listing, but eager Santa Barbara home buyers don’t see it that way.
The Santa Barbara luxury real estate market is the hot sector. The Santa Barbara luxury real estate median sales price is $8,250,000. That is up 21.7% over last year when the Santa Barbara luxury real estate median sales price was $6,778,000. The number of luxury homes sold in Santa Barbara is up an incredible 300%. The statistics show the number of newly listed luxury homes in Santa Barbara is up 55.6% – that is skewed by re-listings.
The Montecito real estate market is in very high demand. The Montecito median sales price is $2,700,000. That is up 31.1% over last year when the Montecito median sales price was $2,060,000. The number of Montecito homes sold is up 36.4%. The number of newly listed Montecito homes for sale is up 15%. This is skewed by re-listings.
The Montecito luxury real estate market has had an incredibly strong start to the year. The number of Montecito luxury homes sold is up 400%! The Montecito median sales price is $8,400,000. That is currently down 34.1% from this time last year when the Montecito median sales price was $12,750,000. This number fluctuates as the luxury real estate market includes a wide range of price points beginning at $5 million. Statistics show the number of newly listed Montecito homes for sale is up 118.2% but this is highly skewed by re-listings.
Click SANTA BARBARA HOMES FOR SALE to view up to the minute inventory of Santa Barbara homes for sale.
Click SANTA BARBARA LUXURY REAL ESTATE to view up to the minute inventory of Santa Barbara luxury homes for sale.
Click SANTA BARBARA DREAM HOME FINDER to receive emails with new listings and price reductions matching your specific criteria.
To discuss your Santa Barbara real estate needs, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
