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…

Our market remains active and multiple offers are still commonplace, but the market is starting to feel a little different. What is going on with the market… A number of years ago, I heard a real estate analyst share an idea of momentum in a market.  He watched for the momentum to shift. He likened it…

Amazed! Over and over again, we (real estate agents) are amazed by this current market. As we run into each other, stories are constantly swapped. Our conversations revolve around two themes. First, is the sheer number of buyers who are competing over our extremely light inventory. Second is the prices that properties are fetching,…

First, we simply need to say THANK YOU for supporting our business, we are always grateful! We like the numbers and enjoy analyzing them and digging into the data. As 2021 came to a close, we hope you don’t mind as we geek out a little on the stats. Our hope…

There is not much on the shelves! As we enter the fall of 2021, our market has made one noticeable change, less homes have sold. The surge in our sales volume that we had been experiencing has reduced back to near our typical or average sales volume. But like so many…

How’s the Real Estate Market?  The news in our real estate market continues to revolve around the supply of homes.  As you read the local and national news the topic of a housing shortage continues to be a recurring theme. With our low inventory levels, we are still seeing a surprisingly…

How’s the Market?  Our greater Santa Barbara real estate market remains very active with one notable change, our sales volume has seemed to peak and is trending to more historic numbers. So it begs the question, is our market changing because our sales volume is trending down a little? Currently, it…