With three quarters of the year behind us, the market has surprised many. Sales are up. Median Sales Price is up. Inventory remains lean. Interest Rates have remained remarkably low but now rather suddenly seem on the move. Rates are up .25% from the beginning of September – half that…

We are always mindful to pay attention to questions people are asking. One question that comes up often is, where is the housing market headed? Are we at the top of the market? Is it going to keep going up? That is a good question, and one that we continue…

The big story this month is activity. Our sales and pending volume spiked. For the month, we experienced an increase from June 2016 of almost 16%. Notable in all the activity was the $5M plus market. In June there were 10 sales, which brings the total for the year to…

OUR LOCAL MARKET Our market is active! Like make your head spin, I can’t believe it active – it’s hard to believe just how competitive it is at some price points. Buyers looking for a home under $1,000,000 are experiencing a lot of competition, and the story is not much…

NEWS This month we are going to keep it brief with a simple thought. With the rising of interest rates, many people question how this will impact real estate. At the moment, it appears it’s helping spur more activity. Why?  When the population at large believe rates are rising, the…

NEWS With the continued focus on the government lately, it seems like an appropriate time to mention a new California State law that went into effect on January 1, 2017. Assembly Bill 2299 and Senate Bill 1069 impact residential real estate; the Bills and subsequent law are designed to provide…

Santa Barbara Real Estate – 2016 Year in Review The Data As we talk to people daily, there are two questions we are regularly asked: How is the real estate market doing? And which way is it headed? Working inside the business of real estate, it is easy to answer…

December 2016 WOW! For much of the Spring and Summer, the real estate market seemed to take a pause – perhaps as people wondered what direction the country would go on election night. Many seemed to be surprised by the election results. It was fascinating to see the over night…

October 2016 For the first three quarters of 2016 total homes sales have dropped by almost 14%. Condos lead the drop with a 27.5% decrease compared to 2015, but single family home sales have seen a decrease of 7.3%. Median price for homes and condos in 2016 have increased slightly,…

JULY 2016 Half way into the year is a great time to review where the market is at. Overall we are still experiencing a sellers market where properties that are perceived at value are moving quickly, some receiving multiple offers and going above asking. But buyers are being more selective;…