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MARKET UPDATE Resilience is the story of the 2018 Santa Barbara area real estate market. With the tragic events to start the year our market outperformed most expectations. Total sales were almost even with 2017, which is a remarkable feat. Beyond the natural disasters, a number of other factors affected affordability. Rising…
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MARKET UPDATE This is always one of our favorite times of year. Things seem to slow down a little, and we get a little extra time with family and friends. We want to tell you how thankful we are for you, your friendship, your business and your continued trust in us. We couldn’t…
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MARKET UPDATE Overall the trends from last month continue (read last months report). As we anticipated, sales slowed in September but only a little. The market is down 7.5% or 12 fewer sales in September 2018 compared to 2017. What continues to surprise us is how active the market continues…
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MARKET UPDATE Overall, our market is active and consistent through a number of changes this year. Sales for the month of August 2018 are up compared to August 2017. Total year to date 2018 sales are down just slightly compared to last year. The changes we see: Inventory is rising modestly. Price…
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MARKET UPDATE On a national level existing home sales slowed for the fourth consecutive month in July, except in the West. In our local market, after the awful events in December and January, which did adversely impact sales in January and February, total sales activity for the year has remained…
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Jan ’18 Highest Sale 940 Via Tranquila 6 BD / 6.5 BA / $5.400.000 Jan ’18 Lowest Home Sale 1114 San Pascual St 3 BD / 2 BA / $660.000
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Dec ’17 Highest Sale 3271 Padaro Ln 6 BD / 7 BA / $21.750.000 Dec ’17 Lowest Home Sale 284 Rosario Park 2 BD / 2 BA / $665.000
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Merry Christmas! This is one of our favorite times of year, but this year is sure different. With the Thomas Fire still burning in the back country, it has altered the normal holiday cheer. In many respects it’s a great reminder as to what’s really important in life. We both…
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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…
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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…
Market Update
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