Number of Sales Continue to Decline Mortgage Rates Hit 7% Single Family Homes Sold -44% ~ 49 in Feb 2023 vs. 89 in Feb 2022 Single Family Median Sales Price -16% ~ $2,090,000. in Feb 2023 vs. $2,500,000. in Feb 2022 Single Family Average Sales Price -7% ~ $3,146,770. in Feb 2023 vs. $3,389,153.…
Big Decline in Sales Pricing is Moderating Single Family Homes Sold -34% ~ 52 in Jan 2023 vs. 79 in Jan 2022 Single Family Median Sales Price -9% ~ $1,781,469. in Jan 2023 vs. $1,950,000. in Jan 2022 Single Family Average Sales Price -6% ~ $3,215,442. in Jan 2023 vs. $3,404,999. in Jan 2022…
Santa Barbara Real Estate Statistical Update ~ December and Year End 2022 Yearly Revenue Slashed Amid Extremely Low Inventory Real Estate Values Increased Double Digits Again YEARLY REVENUE – 27% $3,933,446,977. in 2022 vs. $5,353,551,979. in 2021 Estates Priced $10 Million and Above Revenue -8/7% $843,590,888. in 2022 vs. $924,382,712. in 2021…
Santa Barbara Real Estate Statistical Update ~ November 2022 Number of Sales Continue to Decline 40% of All Sales Are Cash Inventory Remains Very Low Single Family Homes Sold -42% ~ 57 in Nov 2022 vs. 99 in Nov 2021 Single Family Median Sales Price -18% ~ $1,725,000. in Nov 2022 vs. $2,100,000. in…
While celebrities have always been fond of living in Santa Barbara, the pandemic has set celebrity buying into overdrive! The widely publicized purchase of an Meghan & Harry’s Estate in Montecito for $14,650,000 in June 2020 set off a buying spree that is alive and well today, albeit with far fewer Estates to choose from.…
Ellen DeGeneres just sold another Montecito home. This time for $33,308,250. She purchased the Montecito home for $27,000,000. in January 2019. It is a 4 bedroom, 10,000 square foot home on 9 acres with spectacular ocean views. It was listed for $39,900,000. and sold quickly in 25 days. Ellen DeGeneres purchased an antique barn conversion…
Katy Perry and Orlando Bloom add to a fast growing celebrity list who are calling Montecito home: Most recently Prince Harry & Meghan Markle, Ariana Grande, Maria Sharapova add to the celebrity ranks which include Oprah Winfrey, Kevin Costner, Gwyneth Paltrow, Drew Barrymore, Jeff Bridges, Ellen DeGeneres and many more. Fabulous weather year round, clean…
Maria Sharapova just picked up a nearly 5 acre ranch with coastline views of the Pacific Ocean. Main residence, guest house, barn and private office that closed in October for $8,550,000. Join the ranks & find your piece of Santa Barbara paradise… View My Exclusive Listings Call or text Wendy Gragg 805.453.3371
Santa Barbara Real Estate Statistical Update ~ October 2022 Largest Number of Price Reductions in Over 2 Years Inventory Remains Very Low Single Family Homes Sold -41% ~ 70 in Oct 2022 vs. 118 in Oct 2021 Single Family Median Sales Price +12% ~ $2,024,500. in Oct 2022 vs. $1,803,750. in Oct 2021 Single…
Santa Barbara Real Estate Statistical Update ~ September 2022 There Has Been Less than 2 Months of Supply for Nearly 2 Years Single Family Homes Sold -27% ~ 89 in Sept 2022 vs. 122 in Sept 2021 Single Family Median Sales Price -2% ~ $1,756,000. in Sept 2022 vs. $1,790,000. in Sept 2021 Single…