Here are the latest February 2013 statistics for Inventory, Listings and Sales here in Santa Barbara proper.
The number of new listings for February 2013 was 174, down 9.4% from the 192 listed in January, but up a little from the 165 listings in February of last year.
Overall, we are still dealing with lack of inventory, although we do seem to have improved here in certain segments of the market over the last several weeks.
As you look at the top graph below as a whole, you will notice the blue shaded area is the overall inventory levels and it is easy to see that this number is lagging behind the last few years a decent amount.
The bottom graph shows a comparison of property sales and prices here in Santa Barbara. February sales were up 22% compared to February a year ago and fairly even compared to January of this year. This lack of inventory again has also pushed up average prices with the median price for example up a very significant 35.9% from February 2012.
- Carpinteria 3rd Quarter 2012 Market Update
- Yearly Sales Price Comparison Montecito 2012
- Goleta 3rd Quarter Real Estate Market Comparison
- Why are Short Sales Selling Now with Relative Ease?
- Santa Barbara Tops in Hot Real Estate Market
For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.
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.
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