May 2014

Found 2 blog entries for May 2014.

If you’ve decided to make a move to or from the Santa Barbara area it may be advantageous to have your running shoes on. The real estate market certainly can move fast for high demand properties. Of the 205 homes and condos currently in escrow, 58 went under contract in 10 days or less. 37 of these fast selling properties were priced under $1 million, 17 between $1 million and $2 million, and 4 over $2 million. Click here for more details.

You don’t just have to be in Santa Barbara for well-priced properties to sell very quickly, especially those which are in particularly great locations. Photos can’t always tell you everything about an area which is where local knowledge is valuable. For details on any location you are considering I appreciate the…
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Santa Barbara is heading into this summer with 15% more housing inventory than last summer, except for properties priced under $1 million where availability has dropped 26%. Sales have slowed as a result with 44% less closings so far this year in the under $1 million price range and 7% less closings in the over $1 million range. Amidst the lower number of sales the overall median price for homes and condos in Santa Barbara has risen 12% from a year ago.

The real estate market may be gearing up for a very active summer as a result of the suppressed sales so far this year. Summer is certainly set to bring more activities to the Santa Barbara area for all who are ready to enjoy. Following are several favorites to attend.

May 24-26 - I Madonnari Italian

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