Real Estate April 16, 2013

Prime time in Paradise

For the past 10 years the month of June has averaged more closed sales in Santa Barbara real estate than any other month of the year. The homes that close escrow in June are the ones that go under contract in April and May. That means that if you’re planning to sell your home, now is prime time.

So far this April we’ve seen 114 homes and condos go under contract. That’s a 10% increase over the first half of last April and a 31% increase over the first half of this March. We’ve also seen some inventory increases this month, which is a good thing for buyers, however the number of properties for sale in Santa Barbara is still 26% lower than it was in April of last year.

I appreciate and look forward to your inquiries during this year’s prime time buying and selling season in Santa Barbara.