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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

May 2013 Santa Barbara Real Estate Market Snapshot

Santa Barbara Real Estate Voice Here is the May 2013 Santa Barbara Real Estate Market Snapshot for Inventory, Listings and Sales.  Overall the market continues to be tight with limited inventory. This graph below shows the seasonality of the inventory and sales.  As you will see, May 2013 listings were down 9% from last month and down almost 5% from May of 2012. We are now into the middle of June and although inventory is still tight, prices hint at starting to stabilize.  I think it is a common discussion with realtors and their clients and as... 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 >

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 >

Lack of Inventory Extremely Tough On Buyers Here in Santa Barbara

Santa Barbara Real Estate Voice When will we see the next good run of new inventory here in the housing market in Santa Barbara? This is a question that everyone across the board is asking each other from buyers, to lenders, to real estate agents. Every statistic we see as well as just the true pulse on the market points out that there are more buyers than real estate to choose from.  Compared to just the last few years, we are roughly down 50% on listings.  It feels tougher than this at times. Lack of Condo Inventory As that... Continue Reading >