2023 has come to a close and 2024 is off and running.  Every year, we appreciate the opportunity to review the activity and share what transpired.  So how was the real estate market in 2023?  It was sure a different year. The headline un-doubtable is, a whole lot less sales!  How much?…

Merry Christmas & Happy New Year!  We are very grateful for you. The question we get asked most is, “How’s the real estate market?” Well, this has been a unique year.  The metaphorical brakes have been applied by the Fed through rising interest rates for some time now. Though the…

There is so much to talk about in Santa Barbara real estate, where to begin. It is difficult to avoid the elephant in the room. The average 30 year fixed rate mortgage crossed 8% on Wednesday October 18th.  Rates vary, but here is the index that we follow (VIEW RATES).…

Happy Summer!  We hope everyone is enjoying this amazing weather, our beaches, and hopefully some extra time with family and friends. So what is going on in our Santa Barbara real estate market, in short our inventory is finally growing, but the market is active with multiple offers still common…

Weird, would not be the word I would normally pick to start off an email, conversation, or even our news letter, but it just seemed appropriate. The other day, we were talking with a Compass colleague and I was asking him about their market and the first word out of…

2023 is off, running, & WET!!! We have been checking the rain totals all too often on this website (VIEW WEBSITE). Enough about rain, really we are ready for some sun, and hopefully, this is the last storm. Here is the latest Santa Barbara real estate market news. The main…

What happened in real estate in 2022? 2022 was the tale of two markets. It started out with extreme buyer demands, rapid price appreciations and low, we mean really low, inventory like we have not seen before. The second half of 2022, the market changed in most regards; buyer demand dropped,…

We hope that everyone is having a great Holiday and enjoying time with family & friends! What an amazing time of year. What is happening with the real estate market?  Not much has changed since last month, we continue on the same trajectory.  For more in-depth info, Click Here to read November’s report.…

Good morning!  We love real estate and are grateful for the opportunity to help our clients.  This market has sure been on some ride over the last couple of years.  With so many buyers competing over so few homes, super low-interest rates, and a lot of migration this market is…

A New Chapter! Around the middle of May our Santa Barbara real estate market changed. The voracious buyer activity, with record sales volume and high prices that we experienced for the last two years subsided.  It appears that the negative economic news, rising interest rates, Inflation, and two years of rapid price appreciation have caused…