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.

Posted on February 14, 2017 at 3:38 pm
Page & John Bahura | Category: Real Estate

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