How fast is Santa Barbara moving?

Recently CNN Money published that in the 100 largest metros of the US, 8 of the 10 fastest moving housing markets are in California, with San Francisco in the top spot. In conjunction, Trulia reported that 70% of the homes in the three top markets sold in two months or less. The full articles can be accessed here: CNN Money; Trulia.

Santa Barbara was not included in the survey because of its smaller population. If Santa Barbara’s under $1 million market segment were included, where only 40.7% of homes were still for sale after two months, it would rank #5 between San Diego and OC (Orange County).  That’s impressive considering Santa Barbara’s higher median asking price of $819,000 in the low end range.

It’s important to stay in touch with how fast the real estate market is moving when buying or selling. I look forward to keeping you up to date with Santa Barbara’s local market trends throughout the year and appreciate the opportunity to assist you with your inquiries.

Posted on April 28, 2015 at 6:18 pm
Page & John Bahura | Category: Real Estate

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