Santa Barbara Real Estate – December 2015
Merry Christmas! As the year wraps up, I wanted to thank everyone for the friendships, support and business. I am very grateful to do what I do, it is truly an honor to help.
As we finish out the year, we approach it in the normal fashion. The volume in the market has slowed as people get preoccupied with better things.
A brief market highlight. Overall, we have experienced a general slow down in sales volume this last quarter. And prices have seemed to have flattened out over the last twelve months too. This is evidenced by a very flat median home price and what I am seeing in the market overall (there are always exceptions).
In addition, early in the year I noted that the market over $5,000,000 was selling at a tremendous speed, but that has slowed as well. For the first half of 2015, we had 41 sales, but now through November the total is only 59. This is still much better than 2014 total of 42 for the first eleven months.
But still buyers are out there, properties priced well are still garnishing multiple offers.
If I can be of any assistance, I would love to help.
NOVEMBER MARKET HIGHLIGHTS
Highest–27 BUTTERFLY LN–$13,036,815
– Montecito Beach front home by the Biltmore
Lowest–2612 LAS POSITAS RD–$613,900
Ennisbrook Sale/Off Market–486 MONARCH LN–$2,566,221
Favorite New Property–105 ONTARE HILLS–$6,395,000
– Beautiful Historic Adobe on 5 acres with a view
Have a great day,