July 2015

Found 2 blog entries for July 2015.

Santa Barbara certainly entertains a large share of celebrities, many of whom decide to make the beautiful and beloved seaside community their home. In a location so easily accessible from Hollywood, where luxury real estate is plentiful and privacy is easier to come by than in more populated cities, the attraction for celebrities is a natural one. Over the years many of Santa Barbara, Montecito, and Carpinteria’s finest homes have exchanged hands between well-known celebs.

Currently in the news and on the market are Jeff Bridge’s stunning 19.5 acre Tuscan estate on Hot Springs Road for $29.5 million, and Don Johnson’s 2.76 acre French Country estate on Knollwood Drive for $14.9 million. Steve Martin’s 5.86 acre Modern Contemporary estate on Romero

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It’s been a year of further recovery for real estate in most areas around the country, and the first half numbers for Santa Barbara are showing a similar trend. Following are some of the most significant figures which show that our local market is transitioning to a more stable rate of appreciation and more traditional number of overall sales. Moving towards this type of balance should prove to be beneficial to both buyers and sellers in the coming years.

Home Sales:  598 in 2015; 535 in 2014; 670 in 2013
Condo Sales:  292 in 2015; 205 in 2014; 229 in 2013
Homes Under Contract:  518 in 2015; 587 in 2014; 722 in 2013
Condos Under Contract:  263 in 2015; 226 in 2014; 235 in 2013
Home Median Sale Price:  $1.2M in 2015; $1.16M in 2014; $950K in 2013
Condo

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