Real Estate February 14, 2017

Santa Barbara hot spots

There are some hot spots leading the way so far this year in the Santa Barbara real estate market. Year-to-date Hope Ranch home sales have seen a 350% increase in number sold and 400% increase in number under contract when compared to last year. In addition, Santa Barbara East area sales and pending sales have increased 31% and 69%, and the Carpinteria/Summerland area has also seen double digit increases of 50% and 42%. The hottest spots for sales and pending sales of condominiums are currently in the areas of Goleta North with 66% and 33% and Santa Barbara West with 11% and 66% increases.

Santa Barbara’s high end Montecito area has seen the biggest decreases this year in sales and pending sales with -58% and -36% for homes and -85% and -60% for condos.

The most notable home sales so far this year in Hope Ranch, Santa Barbara and Carpinteria/Summerland are as follows.

929-canon-rd

Hope Ranch – 929 Cannon Road – Sold for $4,525,000

401-e-pedregosa-st

Santa Barbara – 401 E. Pedregosa Street – Sold for $2,424,000

DCIM100GOPROG0018669.

Summerland – 2210 Calle Culebra – Sold for $1,350,000

I look forward to keeping you up to date on the hottest areas and property opportunities in Santa Barbara throughout the year. Your inquiries are welcomed and much appreciated.