January 2014

Found 2 blog entries for January 2014.

The Santa Barbara real estate market recently saw its slowest November and December as per number of homes sold since the big dips in 2007 and 2008. The lack of sales for these months can largely be attributed to the record low inventory levels that buyers had to contend with. The consensus from just about every long time Santa Barbara Realtor I’ve talked with in the past 6 months is that recent inventory levels are the lowest they ever remember.

The number of home sales Santa Barbara produces this year will definitely depend on the amount of inventory that becomes available. Documentation from the Santa Barbara Multiple Listing Service (MLS) shows that there were only 424 active listings two weeks ago for homes, condos, and land combined. Today the

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Last year saw quite a rebound for the Santa Barbara area real estate market, not to mention the rest of the country. In the combined areas of Carpinteria, Summerland, Montecito, Santa Barbara, Hope Ranch and Goleta, median prices rose 17% for homes, from $826K to $968K, and 27% for condos, from $400K to $510K. The highest gain for homes was in North Goleta at 28% and the lowest in Hope Ranch at 5%. For condos the highest gain was in South Goleta at 46% and the lowest in Montecito at 6%. The City of Santa Barbara saw gains of 24% for homes and 32% for condos.

How is Santa Barbara’s rebounding real estate market fairing with the rest of the country? In a USA Today article published last week it stated that in October U.S. home prices were up 12.5%,

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