Santa Barbara Real Estate Market Update March 2012

Here are some of the latest Santa Barbara real estate market statistics with regards to inventory, listings, sales, prices etc. for March 2012.

As the statistics show, the real estate market here in Santa Barbara, Goleta and Carpinteria is very strong and active.  With the combination of fewer listings (inventory), great interest rates and buyers that are comfortable with the market….homes are selling quickly across all price points in the last 6-8 months.

The graph below depicts this overall lack of inventory in general…one of the obvious factors leading to a fairly quick market.

 

The immediate graph above shows a very clear picture that buyers are buying most everything on the market.  Sales are up drastically pretty much across all price points.  In our own office overall, we have had twice as many pending files as normal over the last 2-3 months.

Further Reading:

1. Santa Barbara Real Estate Benefits from Low Fixed Mortgage Rates
2. Santa Barbara Montecito Real Estate Market Update
3. Are Bank Owned Homes Prevalent in Montecito?
4. March 2011 Pulse of The Real Estate Market

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Search: The Santa Barbara Area MLS

Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts.

For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in the Santa Barbara area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.

 

This entry was posted on Wednesday, April 11th, 2012 at 9:07 am and is filed under Buyer's Resources & Advice, Market Statistics / Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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