Buyers Are Very Price Sensitive Over Priced Properties Are Seeing Big Discounts Single Family Homes Sold -1% ~ 81 in June 2024 vs. 82 in June 2023 Single Family Median Sales Price -16% ~ $1,995,000. in June 2024 vs. $2,372,500. in June 2023 Single Family Average Sales Price +42% ~ $4,884,338. in June…
Homes Priced $10 Million and Above Saw a 29.4% Increase in New Listings in October Single Family Homes Sold flat ~ 70 in Oct 2023 vs. 70 in Oct 2022 Single Family Median Sales Price +4% ~ $2,110,000. in Oct 2023 vs. $2,024,500. in Oct 2022 Single Family Average Sales Price +13% ~ $3,286,204.…
47% of Sales in September Were Cash Single Family Homes Sold -22% ~ 69 in Sept 2023 vs. 88 in Sept 2022 Single Family Median Sales Price +34% ~ $2,350,000. in Sept 2023 vs. $1,753,000. in Sept 2022 Single Family Average Sales Price +36% ~ $3,880,318. in Sept 2023 vs. $2,856,852. in Sept 2022 …
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…
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