Santa Barbara Real Estate Statistical Update – Oct 15, 2014. The median sales price of homes sold in Santa Barbara continues its double digit increase but a good opportunity exists. The Santa Barbara median home selling price currently stands at $876,624. The Santa Barbara median home selling price is up 11.7% over this time last year when the Santa Barbara median home selling price was $785,000.
The Santa Barbara real estate market has struggled with a lack of Santa Barbara homes for sale. The number of Santa Barbara homes listed for sale is down 4.8% over this time last year. As a result of the lack of Santa Barbara homes for sale, the number of Santa Barbara homes sold is down 16.3% over last year.
The low end of the Santa Barbara real estate market has been the strongest. The Santa Barbara luxury real estate market started out slow, but has just recently come back. The Santa Barbara luxury real estate market is defined as homes priced above $5 million. The Santa Barbara luxury real estate market median home selling price is currently $7,375,000. That is up 5.4% over this time last year when the Santa Barbara luxury real estate market median home selling price was $6,995,000.
The Santa Barbara luxury real estate market has many beautiful homes to choose from and this is where the buying opportunity exists. The number of Santa Barbara luxury homes listed for sale is up 18.4% over last year. The number of Santa Barbara luxury homes sold is up 51.7% over last year.
There is limited inventory in the low end of the Santa Barbara real estate market, and many Santa Barbara luxury homes to choose from. Opportunity knocks! Click SANTA BARBARA LUXURY REAL ESTATE to view homes matching your specific needs. Click SANTA BARBARA HOMES FOR SALE to view Santa Barbara homes for sale in all price ranges.
To receive automatic email updates of new listings and price reductions matching your specific needs click DREAM HOME FINDER.
For personal attention, contact Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com. I am available to assist you at your convenience.
Until then, all my best! Wendy Gragg
