March 2015

Found 3 blog entries for March 2015.

The drumroll please …. the first quarter real estate sale numbers for Santa Barbara are in! It’s been a better than expected year thus far with some interesting trends. Looking at the the sale numbers, the following first quarter increases have occured for Santa Barbara and surrounding areas including Goleta, Montecito, Summerland and Carpinteria, 2015 verses 2014.

Sold Volume Increase: 60% for homes; 84% for condos   Pending Sales (Under Contract) Increase: 22% for homes; 60% for condos   Number Sold Increase: 19% for homes; 42% for condos   Median Sale Price Increase: 7% for homes (currently $1,185,000); 7% for condos (currently $590,000)  

The most interesting trend this first quarter has been that sales in the

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As outlined in a recent CNBC article many aging homeowners feel that the idea of downsizing is an attractive one. Homes with single level floor plans, good walkability to conveniences, low maintenance design, and security features are some of the most popular amenities desired and mentioned in the article. Developers certainly recognize what’s important to the downsizing segment of the real estate market and have been working on making the dream happen.

Two of Santa Barbara’s newest developments, Alma Del Pueblo and White Rose Lane, have taken into consideration what downsizing buyers have expressed interest in. Both offer single level floor plans and are in great walking locations. Smart design coupled with new construction also means low maintenance

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If the first two months of 2015 are any indication of how the Santa Barbara real estate market will perform this year we should be in for a very active year of sales. January and February are typically two of the slowest months regarding homes going under contract, even though harsh weather in other parts of the country bring a lot of travelers looking for opportunities. An increase in second (or third, fourth, fifth, etc.) home purchases from recent visitors has certainly added to the increase in sales we’re experiencing.

Current year-to-date home sale increases over last year are as follows.

Homes Active Listings:  +4% Pending Sales:  +40% Sold Volume:  +46%   Condos Active Listings:  +9% Pending Sales:  +45% Sold…
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