Santa Barbara Real Estate Statistical Update – Mar 31, 2015. While the Santa Barbara median sales price is flat. Buyer activity is very strong! The Santa Barbara median sales price is $850,000. the same as it was this time last year. The number of Santa Barbara homes sold is up 18.1% over last year. The statistics show the number of new listings are up 12.1% over last year but the Santa Barbara real estate market does not feel that way. Santa Barbara home buyers are rushing to new homes listed for sale. Many well located and well priced homes are receiving multiple offers.
The Santa Barbara luxury real estate market is red hot! The Santa Barbara luxury real estate median sales price is up 41.0% over this time last year. The Santa Barbara luxury median sales price is currently $8,250,000. Last year the Santa Barbara luxury median sales price was $5,850,000. The number of luxury homes sold in Santa Barbara is up 155.6% over last year. Statistics show the number of Santa Barbara luxury homes listed for sale is up 71.0% over last year. This number is skewed by Santa Barbara luxury homes being re-listed after being on hiatus for some period of time – typically over the holidays.
The Montecito real estate market is very strong. The Montecito median sales price is up 35.9% The Montecito median sales price is currently $2,800,000. Last year at this time the Montecito median sales price was $2,060,000. The number of Montecito homes sold is up 25.8% year over year. The number of newly listed Montecito homes is up 17.6% over this time last year. A portion of that percentage is re-listing. The Montecito real estate market is also very short on availability of new homes listed for sale.
The Montecito luxury real estate median sales price is $8,400,000. That is down 34.1% over this time last year when the Montecito luxury real estate median sales price was $12,750,000. While the Montecito median sales price is down, the number of Montecito luxury home buyers is way up! The number of Montecito luxury homes sold is up 500% over last year. Statistics show the number of newly listed Montecito luxury homes is up 123.1%. This is highly skewed by re-listings.
Click SANTA BARBARA HOMES FOR SALE to view an up to the minute list of Santa Barbara homes for sale.
Click SANTA BARBARA LUXURY REAL ESTATE to view an up to the minute list of Santa Barbara and Montecito luxury homes for sale.
Click SANTA BARBARA DREAM HOME FINDER to receive email updates of 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
