October 2018

Found 2 blog entries for October 2018.

Over the past three months there have been more homes selling on the west side of Santa Barbara than any other areas between Goleta and Carpinteria. With a 13% increase in number sold and 20% increase in sale volume over the same period last year it’s the only area that has not seen a decline. Although Hope Ranch and Carpinteria have declined in sales volume for the period they’ve also experienced a higher percentage of more expensive homes selling. This can largely be attributed to luxury buyers hesitating on making purchases in Montecito until more of a recovery from the recent mudslide events are felt.

Of the 76 sales in westside Santa Barbara and 9 sales in Hope Ranch over the past three months, following are the most notable. We take pride that

879 Views, 0 Comments

The third-quarter Santa Barbara area median home price showed a drop of 5% from last year, down to $1,235,000 from $1,305,000. During the same period inventory rose 14% and number of sales dropped 14%.

The Santa Barbara condo market out performed homes in the third-quarter as the median sale price rose 4%, up to $665,000 from $639,000, with inventory decreasing 3% and number of sales rising 4%.

Rising rents have played a factor in the increase of lower-end property sales, and lower affordability coupled with higher inventory levels have helped to slow higher-end sales.

If you’ve been considering selling or purchasing a property in and around Santa Barbara we appreciate the opportunity to provide you with the most accurate and current data in the

514 Views, 0 Comments