April 2014

Found 3 blog entries for April 2014.

Looking at the year-to-date sale figures for Santa Barbara real estate it’s interesting to note that condos have outperformed houses in just about every category. The changes from last year’s market to this year are as follows.

         Condos       Houses
Active Listings        Up 22%       Down 14%
Number Under Contract        Up 5%       Down 20%
Number Sold        Down 11%       Down 25%
Sold Volume          Up 4%       Down 13%

The one category that houses have recently outperformed condos is in median price, which figures are up 18% and 16% respectively.
 
There are several new luxury condo complexes with properties available in downtown Santa Barbara, including Alma del

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Today is the day that income taxes are due, after which many people think about how well their current real estate deductions are working for them and if they’d be better off buying or selling a property. Santa Barbara along with other areas will see a lot of new housing market activity begin because of this recent attention to income tax deductions.

Speaking of taxes, depending on where you decide to own real estate can affect your property taxes tremendously. Santa Barbara County is covered under California’s Proposition 13 which was established in 1978 when it was overwhelmingly approved by voters. The proposition limits property tax to 1 percent of a homes assessed value, plus the rate necessary to fund local voter-approved bonds. Santa Barbara’s

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It’s official, the median price for a home in the Santa Barbara area is back over $1M as of the first quarter this year. The last time Santa Barbara saw its home price median go over $1M for any quarter was in the second quarter of 2008. The first time it happened was in the second quarter of 2004.

Following is the progression of Santa Barbara’s quarterly home price median over the past two years.

2012:  $810K; $815K; $839K; $833K

2013:  $928K; $973K; $968K; $985K

2014:  $1.097M

There’s still quite some distance between the most recent figure and the all-time high of $1.395M reached during the second quarter of 2007.

Amidst the current housing recovery the median home prices for Santa Barbara real estate have outpaced the rest of the

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