South Coast Snapshot… VERY STRONG DEMAND AND VERY LITTLE INVENTORY Single Family Homes Sold +76% ~ 148 in Nov 2020 vs. 84 in Nov 2019 Single Family Median Sales Price +27% ~ $1,644,500. in Nov 2020 vs. $1,300,000. in Nov 2019 Single Family Average Sales Price +28% ~ $2,594,402. in Nov 2020 vs. $2,024,833. in Nov 2019…
South Coast Snapshot… ANOTHER RECORD BREAKING MONTH October Marks a Full Consecutive Year of Very Low Inventory RECORD HIGH SALES IN OCTOBER $63,250,000. ~ Rancho San Carlos in Montecito $49,000,000. ~ Celebrity Estate in Montecito $29,000,000. ~ Montecito Estate that Sold Twice this Year! Single Family Homes Sold +68% ~ 183 in Oct 2020 vs.…
South Coast Snapshot… ANOTHER RECORD BREAKING MONTH Very Strong Buyer Demand It is the 11th consecutive month of very low inventory. If you are thinking of selling, lets talk… Single Family Homes Sold +42% ~ 201 in Sept 2020 vs. 106 in Sept 2019 Single Family Median Sales Price +41% ~ $1,725,000. in Sept 2020 vs.…
The Santa Barbara luxury real estate market is setting records again! 2019 was a record setting year, and 2020 is on pace to blow past 2019. The Santa Barbara luxury real estate market is defined as homes priced at $10,000,000. and above. 2019 had a record $364,735,903. in closed sales volume. 2020 currently has $364,686,017…
Rob Lowe’s 10,000 square foot Oakview Estate on Picacho Lane in Montecito has sold for $44,500,000. Nestled on 3.4 acres, the Estate features a main residence, pool cabana, tennis court and ocean views. Rob Lowe is among many celebrities that call Montecito home. They include Prince Harry and Meghan Markle, Oprah Winfrey, Gwyneth Paltrrow, Jeff…
South Coast Snapshot… The Santa Barbara Real Estate Market is on Fire! Huge Buyer Demand Very Low Inventory We are in the 10th consecutive month of very low inventory. If you are thinking of selling, lets talk… Single Family Homes Sold +22% ~ 159 in Aug 2020 vs. 130 in Aug 2019 Single Family…
South Coast Snapshot… July 2020 was a record setting month. Demand is the strongest I have seen in nearly 20 years. We are in the 9th consecutive month of very low inventory Single Family Homes Sold +9% ~ 127 in July 2020 vs. 117 in July 2019 Single Family Median Sales Price +43% ~…
Press is swirling about Prince Harry and Meghan Markle buying an Estate in Montecito. The multi-acre estate which closed a few weeks ago affords great privacy and the all grandeur and amenities the royal couple need and expect. Meghan and Harry join many celebrities in Montecito, including Oprah Winfrey, Ariana Grande, Kevin Costner, Julia Louis-Dreyfus, …
South Coast Snapshot… There were 222 pending sales in June. This is the highest number of pending sales in 18 months. Buyer demand remains very strong, especially from Los Angeles and San Francisco. Well priced properties are selling immediately, some with multiple offers. Single Family Homes Sold -5% :: 118 in June 2020 vs.…
The Santa Barbara luxury real estate market is seeing tremendous demand. Inventory is down, and buyer demand is extremely high with buyers are coming from Los Angeles, San Francisco, New York & other parts of the country. The pandemic and the stay at home order has made a home more important than ever before &…