Santa Barbara Oceanfront Real Estate

Santa Barbara Oceanfront Real Estate. There is ample supply in the Santa Barbara oceanfront real estate market.   A 4 acre oceanfront Estate  in Hope Ranch consisting of over 11,000 square feet  with swimming pool and tennis court is listed at $21,500,000.  Another oceanfront property in Hope Ranch is on nearly 13 acres.  It has…

Santa Barbara Real Estate Statistical Update – July 31, 2014

Santa Barbara and Montecito Real Estate Statistics through July 31, 2014.

Viva la Fiesta! Santa Barbara is Celebrating its 90th Annual Old Spanish Days Fiesta. While the community at large is celebrating Fiesta, the Real Estate Market is busy! The Santa Barbara Real Estate Statistical Update through July 31, 2014 show the Number of Sold Listings down -19.0%, the Dollar Volume of Sold Listings are up +1.9% and the Median Sales Price is up +11.8% year over year. The Median Sales Price in Santa Barbara currently stands at $855,000. Last year the Median Sales Price was $765,000. The Number of New Listings is down -6.4% while the Dollar Volume of New Listings is up +2.0%. The Median List Price currently stands at $959,000., up +8.4% from last year’s Median List Price of $885,000.

Santa Barbara Luxury Real Estate Sales Activity

The Santa Barbara luxury real estate market is beginning to show signs of life again. There were 3 notable sales recently in the Santa Barbara luxury real estate market. An estate on the east end of Montecito just closed escrow at $9,725,000. This Montecito estate sits on just over 10 acres. The main residence is about 8,000 square feet and professionally designed with very high end finish.