December 2013

Found 2 blog entries for December 2013.

There are many reasons why Santa Barbara area real estate buyers and sellers have decided to wait until next year to pursue a purchase or sale. With the lack luster amount of inventory Santa Barbara experienced this year, many buyers were either unable to find their perfect home or were out bid on homes that finally surfaced which met their needs. Periods of uncertainty in the economy coupled with widely fluctuating interest rates and tough loan qualifying standards also helped to lessen buyer motivation. Expectations of higher inventory levels and more stable economic conditions for 2014 have added to the desire of a lot of buyers to wait. 

Sellers have also been feeling that their patience will be a virtue. Steadily increasing prices along with a

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During the recent Santa Barbara County Real Estate and Economic Outlook Conference held in November interesting market trends were looked at regarding where buyers are coming from and where sellers are moving to. Information was taken from over 421 local sales that took place during the first half of the year. Over 60 percent of the sales were produced by the number one real estate company in the area, Village Properties.

Here are some of the highlights.

  • Two-thirds of all Southern Santa Barbara County homebuyers came from the region, while out-of-area buyers purchased the remaining one-third.
  • Fifteen percent of the buyers were from out-of-state and less than one percent were from out-of-country.
  • Twenty-five percent of sales were from first
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