Real Estate October 28, 2014

A great time to enjoy Santa Barbara

With daylight savings time ending this weekend it’s hard to tell that we’re heading closer to winter in Santa Barbara. Mid-70 degree temperatures, sunny skies and comforting ocean breezes remind us why the area is called Paradise. In the country’s only Mediterranean climate, and one of only five on earth, Santa Barbara is a breathtaking place to live or visit when less than ideal weather moves in to other areas.

Desirable factors like great climate allow Santa Barbara’s real estate market to continue turning while other markets tend to slow down during their cold season. It’s typical for Santa Barbara to experience its largest volume closing month in real estate during December. Currently there’s 6% more inventory than there was last year at this time, and with prices holding steady we should see a nice amount of sales activity through the end of the year.

Properties in highest demand currently include family homes in preferred school districts, mid-range single level homes, exceptional high-end luxury estates, and well located residential income property. A Santa Barbara West Beach 4-plex received 26 offers last week after only being shown for a couple of days. With activity and competition at this level it’s important to be in tune and expeditiously informed of the market, especially when looking for high demand properties.

I appreciate your inquiries and hope to see you enjoy all of the comforts our Mediterranean climate and paradise filled surroundings bring during the beautiful and mild fall/winter season.