Santa Barbara Real Estate Statistical Update – Nov 4, 2014. The Santa Barbara real estate market continues its double digit median price gains. The Santa Barbara real estate median sales price stands at $880,000. That is up 12.1% over this time last year when the Santa Barbara real estate median sales price was $785,000.
The Santa Barbara real estate market has a low supply of homes for sale. The number of Santa Barbara homes listed for sale is down 4.9% over last year as a result, the number of Santa Barbara homes sold is off 15.9% over last year.
The Santa Barbara luxury real estate market statistics are different. The Santa Barbara luxury real estate market is defined as Santa Barbara homes priced $5,000,000 and above. The Santa Barbara luxury real estate median sales price stands at $7,250,000. That is up 6.6% over last year when the Santa Barbara luxury real estate median sales price was $6,800,000.
The Santa Barbara luxury real estate market has an abundant supply of homes for sale. The number of Santa Barbara luxury homes listed for sale is up 19.8% over last year. There is an abundant supply for Santa Barbara luxury real estate buyers to choose from. As a result, Santa Barbara buyers are reacting. The number of Santa Barbara luxury homes sold is up 36.4% over this time last year.
Click SANTA BARBARA HOMES FOR SALE to view Santa Barbara homes matching your specific needs. Click SANTA BARBARA LUXURY REAL ESTATE to view homes priced $5,000,000 and above.
To receive a weekly email of new listings and recent price reductions matching your specific needs click DREAM HOME FINDER.
I look forward to being of assistance to you. Feel free to call 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com whenever I can be of help.
Wendy Gragg