Santa Barbara Real Estate Statistical Update – March 3, 2014 The Santa Barbara real estate market has very little supply of homes for sale. The number of Santa Barbara homes listed for sale is down 25.3% compared to the same time last year. Foreclosures and short sales are a thing of the past and Santa Barbara homeowners who do not have to sell are not selling as they generally feel that Santa Barbara home prices are moving up. As a result of the lack of homes for sale in Santa Barbara, the number of homes sold in Santa Barbara is down 13.5%. The median sales price in Santa Barbara is up 21.3%. The Santa Barbara median sales price is currently $850,000. That compares to a Santa Barbara median sale price of $700,519 this time last year.
The Montecito real estate market tells a slightly different story. The number of Montecito homes for sale in down 27.9%. The number of homes sold in Montecito is down a staggering 40% over this same time last year. The median sales price of homes sold in Montecito is $2,465,000. That is down 9.7% from a year ago when the Montecito median sales price was $2,730,000.
While the number of homes for sale in Santa Barbara and Montecito is down from a year earlier, there are homes for sale and some have motivated Sellers. To view homes for sale matching your specific needs click SEARCH SANTA BARBARA PROPERTIES From there you can browse at your leisure with no sign-ups. When you are ready for personal attention, call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com