Lack of homes! We all have a general understanding that our “free market” runs on a number of principles, one major one being that of supply and demand. This has never been so highlighted to us in our real estate market as it has been these last nine months. Our…

First, we simply need to thank you for supporting our business, we are always grateful! And now the wrap-up of 2020. The Unexpected Year! As we all can attest, 2020 was a year like no other. From a real estate perspective, the first two months started off strong.  Sales activity…

How’s The Market? We continue to have an incredible demand. A typical November yields an average of 126 sales over the last 7 years. 2020 was dramatically higher with 204 sales. The pace dropped compared to September and October record highs of 272 and 267 respectively, but we don’t feel…

So How’s The Market? Like none other! Santa Barbara real estate has not seen activity like this before. The sheer volume of sales is unprecedented.  The amount of buyer activity continues to surprise us all. September was simply a banner month with 272 total home and condo sales. To put…

So How’s The Market? August has to be characterized by the sheer volume of sales. 229 homes and condos sold from Carpinteria to Goleta in the month of August. Since January 2013, almost eight years, only one other month has had more monthly sales than August 2020; May 2013 the…

Before you ask, unfortunately, we did not get to help Harry & Meghan buy their Montecito estate. We are feeling pretty royal around here.  Maybe we get to help with their next place 🙂 So How Is The Market? Wild, Crazy, definitely not what was expected! If you are a…

SUPPLY & DEMAND We feel like we’re back in college applying the most basic principle of economics – Supply & Demand. The demand for real estate in the Santa Barbara area is very high today but with a very limited supply. Prices are being driven up, sellers are experiencing multiple…

The real estate market was impacted dramatically by the effects of the Coronavirus, but it has bounced back stronger than expected. Spring typically brings the highest sales volume of the year. This year was much different.  Sales for April & May totaled only 179 an approximate 50% drop compared to…

Hi! It has been some time since we last wrote and quite the time it has been. Wow! It has been unusual times, to say the least.  We took a break from our monthly newsletters for two reasons – first things were hectic and relatively uncertain and secondly, it seemed…

At the end of every year, this is our favorite report to compile – “What happened in 2019.” At the beginning of last year, speculation abounded regarding the direction of the market.  Most anticipated that sales volume would decrease and that it might turn to a balanced or even a buyers…