April 2013

Found 3 blog entries for April 2013.

It’s easy to find more challenges these days in just about everything one sets out to do. Layered complexities have made even some of the simplest tasks more difficult. To try and overcome these difficulties and challenges we’ve seen many changes made in the way things are approached and regulated. This is ever so apparent in the real estate market where the way properties are bought and sold has changed dramatically over the past decade.

Some of the biggest challenges buyers are facing include historically low inventory levels, extremely strict loan qualifying standards, and heavy completion against multiple offers on well-priced properties. An overabundance of information can also confuse the issues at hand for many buyers in today’s market.

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For the past 10 years the month of June has averaged more closed sales in Santa Barbara real estate than any other month of the year. The homes that close escrow in June are the ones that go under contract in April and May. That means that if you’re planning to sell your home, now is prime time.

So far this April we’ve seen 114 homes and condos go under contract. That’s a 10% increase over the first half of last April and a 31% increase over the first half of this March. We’ve also seen some inventory increases this month, which is a good thing for buyers, however the number of properties for sale in Santa Barbara is still 26% lower than it was in April of last year.

I appreciate and look forward to your inquiries during this year’s prime time buying

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We’ve seen a lot of spring in the real estate market already this year, with the median price up 18% and sales volume up 20% over last year’s first quarter. Santa Barbara’s also staying in step with many great events to enjoy during the spring season. Here are a few to kick things off during the month of April.

Sam Adams Multi-Event Meet w/Olympic decathlon champion Ashton Eaton on April 5-6

Santa Barbara Symphony on April 13-14

Santa Barbara Kite Festival on April 14

Santa Barbara Downwinder on April 18

Santa Barbara County Vintners’ Festival Weekend on April 19-22

Santa Barbara Chardonnay 10-Miler & 5-K on April 20

Earth Day Festival on April 20-21

Santa Barbara’s 231st Birthday on April 21

Santa Barbara Fair & Expo on April

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