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Kevin Schmidtchen

Realtor
Sotheby's International Realty

1436 State Street

Santa Barbara, CA 93101

[email protected]

Phone or Text

(805) 689-6877

Market Statistics / Updates

March 2013 – Santa Barbara Real Estate Market Statistics

Santa Barbara Real Estate Voice Here is a summary of the latest statistics for the Santa Barbara real estate market for March 2013.  Over the last several weeks we have seen a definite increase in inventory, especially in the Goleta area.  Much of the new inventory has been in the $600,000 to $900,000 range.  Buyers are still very active and almost all the inventory is selling off within days to only a few weeks.  Prices in general still are on the climb, although it feels a little more stable just in the last few weeks. Some... Continue Reading >

Santa Barbara Real Estate – February 2013 Sales Inventory and New Listings Report

Santa Barbara Real Estate Voice 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... Continue Reading >

2012 Santa Barbara Real Estate Year in Review

Santa Barbara Real Estate Voice A little late to be doing a recap of the 2012 real estate market here in the Santa Barbara area, but with the last 5 weeks filled with a combination of my family getting sick, being extremely busy with work and the lack of sleep because of our new little baby...that is what unfortunately happens. So what happened in 2012? In hindsight it is now very clear to see that anyone who had the foresight to buy property from around October 2011 - April 2012 were able to time the bottom of our real estate... Continue Reading >

Santa Barbara Real Estate Market Update January 2013

Santa Barbara Real Estate Voice No real change from the end of last year.  As we "seemingly roll" here into 2013, the Santa Barbara real estate market continues to be very very strong with the overriding theme being the lack of inventory.  Across the bulk (heart) of our market from $300,000 to $2,000,000, the lack of inventory is keeping prices strong and rising and buyers very ready as they know they have to sometimes write offers in as little as 1-3 days of a new listing coming on the market. Here are the latest January 2013 statistics for... Continue Reading >

Santa Barbara Real Estate Market Update for November 2012

Santa Barbara Real Estate Voice Here are the latest statistical numbers for monthly inventory of Santa Barbara properties for sale, combined with new listings and closed sales.  The constant is simply that new listings are down and our inventory continues to lag behind the demand of buyers.  Even as we now approach the X-mas holidays, there are numerous buyers out there looking and waiting.  After roughly 5 years of the Santa Barbara real estate market being a predominantly buyers market, we have completely switched here in the last few months. Sellers are now able to sell their... Continue Reading >

Santa Barbara Ranked As One of Best Housing Markets For the Next 5 Years by Business Insider

Santa Barbara Real Estate Voice This last week, Business Insider published and article (by Mamta Badker) ranking the 15 best housing markets for the coming 5 years.  Just as I have been pointing out with statistics over the last 5 months here in Santa Barbara, our market is strong.  Here below is a quick excerpt from the article that puts Santa Barbara 5th best on the list of 15 real estate markets. "National home prices are expected to climb 0.3 percent in the next year, according to the latest home price report by Fiserv Case - Shiller.... Continue Reading >

5 Year Average Selling Price For Santa Barbara Real Estate

Santa Barbara Real Estate Voice Here is a great simple graph that looks at the overall average selling prices for homes here in the Santa Barbara area.  The graph breaks down the prices into the main neighborhoods of Santa Barbara...Montecito, Santa Barbara proper, Carpinteria / Summerland, Hope Ranch and Goleta. One of the first obvious looks shows that our high end properties are really starting to see a big increase in demand.  Both Hope Ranch and Montecito have seen prices increase a good amount in the last 12-18 months.  Demand in our very high end market (roughly... Continue Reading >