Here are the latest CORT report statistics for real estate here in Carpinteria, Goleta, Santa Barbara, Montecito and Summerland. All of the red “x” delineate REO or distressed sales. As you will notice, the vast majority of our foreclosures and short sales continue to be in the lower end price points.
The overall market also continues to be very strong with most well priced homes selling within a few days to a few weeks. Buyers continue to be very comfortable with prices and are taking advantage of incredibly low interest rates. 2 other strong signs for the market is that many investors are now buying again as well as cash investors.
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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.