Santa Barbara Real Estate Statistical Update – Mid January 2014 The Santa Barbara real estate statistics for Santa Barbara Real Estate and Montecito Real Estate are very different. The Santa Barbara real estate market statistics show there the number of Santa Barbara homes sold is down 13.6% over this same time in 2013. The number of Santa Barbara homes listed for sale is down 30.6% over this same time. The median sales price of Santa Barbara homes sold currently stands at $913,700. That is an increase of a whopping 43.9% over this time last year when the Santa Barbara median home price was $635,000.
The Montecito real estate market statistics are a different story. The number of Montecito homes sold is up 33.3% while the number of Montecito homes listed for sale is down 63.6% over this time last year. As of today, the Montecito median home price is $3,075,000. The Montecito median home price last year was $2,730,000 – an increase of 12.6% year over year.
The overwhelming consensus among Santa Barbara and Montecito real estate forecasters is that 2014 will have limited supply and high demand. The statistics for the first half of January 2014 certainly supports that forecast. To view homes for sale matching your specific criteria, click SEARCH SANTA BARBARA PROPERTIES When you are ready for personalized attention, contact Wendy Gragg at 805.453.3371 or WGragg@DistinctiveRealEstateOnline.com
Happy New Year!