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 &…
South Coast Snapshot… May sales data is directly attributable to the pandemic which shut down the market in mid March. Pending sales began stabilizing in May and June has 54 escrows in the first 11 days. There is strong buyer demand from Los Angeles and San Francisco. Single Family Homes Sold -52% :: 65…
Santa Barbara South Coast Snapshot… Data is reflective of the first full month of COVID 19 Impact Single Family Homes Sold -35% ~ 69 in April 2020 vs. 106 in April 2019 Single Family Median Sales Price -10% ~ $1,200,000. in April 2020 vs. $1,336,250. in April 2019 Single Family Average Sales Price -14%…
I Predict You Will Look Back on this Time and Say I Should Have Bought Santa Barbara Real Estate! I Have Heard it A Lot After Times Like These! Financial Experts are Expecting a Significant Snap Back to Our Economy This Year! Major Financial Stimulus & Liquidity is Being Pumped Into Our Economy!…
In the last half of 2019, there have been many incredible deals struck. Here are 10 sales that sold for under $1,000. per square foot ~ including the land! It is important to note that it is not possible to buy a lot and build a home in Santa Barbara for less than $1,000 per…
Year in Review South Coast Snapshot… Single Family Homes Sold +6% 1,305 in 2019 vs. 1,230 in 2018 Single Family Median Sales Price +5% $1,258,000. in 2019 vs. $1,200,000. in 2018 Single Family Average Sales Price +12% $1,949,237. in 2019 vs. $1,742,749. in 2018 Condos Sold +11% 634 in 2019 vs. 570 in…
November 2019 South Coast Snapshot… 83 single family homes sold in November. This is down 9% from last November. 40 condos sold in November. That is up 21%. The median sales price of single family homes was $1,275,000. That is up 19% from last November. The average sales price of single family homes was $1,710,735. …
August 2019 South Coast Snapshot… 130 single family homes sold in August. That is down 1% from last August. 46 condos sold in August. That is down 36%. The median sales price of single family homes was $1,292,500. That is up 7% from last August. The average price of single family homes was $1,750,327. That…
June 2019 South Coast Snapshot… 124 single family homes sold in June. That is down 11% from last June. 62 condos sold in June. That is up 24% from last June. The median sales price of single family homes was $1,195,000. That is up 2% from last June. The average sales price of single family…
Santa Barbara Luxury Real Estate – Finishing the Year Strong! Among the most recent luxury real estate sales are: a Montecito home near Butterfly Beach that was listed at $13.9 million and sold in 9 days for $13.037 million; an oceanfront home on Padaro Lane that was listed for $9.45 million and sold…