Real Estate July 7, 2015

First half numbers for Santa Barbara

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 Median Sale Price:  $589.5K; $550K in 2014; $495K in 2013

These numbers are representative of Santa Barbara and surrounding communities which include Carpinteria, Summerland, Montecito, Hope Ranch and Goleta.

As the year progresses I look forward to keeping you up to date on the latest market trends and available properties in and around Santa Barbara. If there’s a particular neighborhood, type of property, or price range that you’re focusing on I’m happy to provide you with detailed information that would be helpful. Your inquiries are appreciated.