Santa Barbara Real Estate Statistical Update – Sept 30 2014. The Santa Barbara real estate market continues its double digit median sales price gains. The Santa Barbara median sales price has had double digit gains for most of 2014. The Santa Barbara real estate median sales price is up 14.8% over this same time last year. The Santa Barbara median sales price currently stands at $890,000. Last year at this time the Santa Barbara median sales price was $775,000.
The Santa Barbara real estate market has suffered from a lack of inventory. The number of Santa Barbara homes listed for sale is down 6.0% over this time last year. The number of Santa Barbara homes listed for sale has been down for most of 2014. As a result of the lack of homes for sale in Santa Barbara – the number of Santa Barbara homes sold is also down. The number of Santa Barbara homes sold is currently down 18.3% over this time last year.
The majority of the real estate sales activity in Santa Barbara has been at the lower end of the price scale – resulting in the current Santa Barbara median sales price of $890,000. There is ample opportunity for buyers in the Santa Barbara Luxury Real Estate segment where there is a good supply of Santa Barbara luxury homes to choose from and several motivated sellers as a result.
For more information, contact Wendy Gragg at 805.453.3371 or WGragg@DistinctiveRealEstateOnline.com or click SANTA BARBARA HOMES FOR SALE to view homes for sale in Santa Barbara matching your specific needs. There is no need to sign up. You can browse at your leisure. Click SANTA BARBARA LUXURY REAL ESTATE to view luxury homes for sale. To receive automatic email updates matching your specific needs, click DREAM HOME FINDER.
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