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Howdy! We hope everyone enjoyed their summer. What is happening in the Santa Barbara Real Estate Market? Here are the headlines: Total Sales in July picked up compared to 2024 Sales for 2025 seem likely to outpace 2024 by at least 10% Pendings (homes under contract) have picked up Inventory Levels…
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What is happening in Santa Barbara’s Real Estate Market? There is a lot to digest and happening. Two big headlines: For the first 3 months of 2025, the median home sales price is a whopping $2,795,000. To put that into perspective, the median home sales price in 2024 was $2,172,130. On April…
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The end of the year and the start of a new one is a great time to look back and reflect. Even though it’s arbitrary, it’s a helpful marker to consider where our market is, what’s trending, and what might happen in the future. So what is the current state…
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Without a doubt the big news in the real estate market this month is… The long-awaited, predicted, and anticipated drop in the Fed Fund Rate, yahoo! While many anticipated an initial cut of 0.25%, it came as a surprise to many when the Fed decided on a 0.50% reduction. Although the…
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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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Over the last couple months, I have had the opportunity to work on a number of more complex real estate transactions. As clients look for their first home, move up as the family grows or deal with involved financial pictures, some have been a complicated puzzle. The challenge is really enjoyable, especially when we solve it…
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This month news is not terribly exciting, but will affect most financed real estate transactions starting on Oct. 3, 2015. The Consumer Finance Protection Bureau has enacted TRID, with the purpose of protecting buyers who finance their properties. The new regulations mandates certain disclosures to the borrower and gives them adequate time to understand the terms as to not…
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Summer is wrapping up and surprisingly, through all the vacations, we are still seeing a lot of activity in the real estate market. In fact, the total number of homes & condos sold 2015 just surpassed 2013 total. With pending sales also up in July, we could end the year…
Tag: Santa Barbara Real Estate
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