Santa Barbara Real Estate Market Update January 2013

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... Continue Reading >

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... Continue Reading >

Santa Barbara Real Estate Benefits From Fixed Mortgage Rates Continuing Near Record Lows For 6th Straight Week

This weeks average rate on the 30-year fixed mortgage continued to hover just above its record low.  Freddie Mac reported this week that the rate on the ever popular 30-year home loan sat just below 4% at 3.99%.  The record low for the 30-year mortgage rate was set about 9 weeks ago when it dropped to 3.94%. The average rate of the 15-year fixed mortgage has been sitting around 3.27 %, down from 3.30 % the last few weeks.  The record low for the 15-year... Continue Reading >

Santa Barbara Real Estate Market Update for the Hope Ranch Area – First 6 Months 2008

I have summarized below an easy to look at brief outline of the overall MLS statistics for the Hope Ranch CA area through the first 6 months of 2008.  The total number of single family homes sold in Hope Ranch was 9.  The number of current pending sales for single family homes is 5.  The number of current active listings for single family homes is 20. There are no condos, townhomes and PUD's in the Hope Ranch area. The lowest sale in Hope Ranch was a single... Continue Reading >

Santa Barbara Real Estate Market Update for the The Mesa Neighborhood – First 6 Months 2008

I have summarized below an easy to look at brief outline of the overall MLS statistics for the The Mesa Neighborhood in Santa Barbara CA through the first 6 months of 2008. The total number of single family homes sold on The Mesa was 25.  The number of current pending sales for single family homes is 2.  The number of current active listings for single family homes is 26. The total number of condos / townhomes sold on The Mesa was 2.  The number of current pending... Continue Reading >

Santa Barbara Real Estate Market Update for the Montecito Area – First 6 Months 2008

I have summarized below an easy to look at brief outline of the overall MLS statistics for the Montecito CA area through the first 6 months of 2008.  The total number of single family homes sold in Montecito was 93.  The number of current pending sales for single family homes is 18.  The number of current active listings for single family homes is 135. The total number of condos / townhomes sold in Montecito was 9.  The number of current pending sales for condos / townhomes  is 2.  The... Continue Reading >

Santa Barbara Real Estate Market Update for the Carpinteria Area – First 6 Months 2008

I have summarized below an easy to look at brief outline of the overall MLS statistics for the Carpinteria CA area through the first 6 months of 2008. The total number of single family homes sold in Carpinteria was 23.  The number of current pending sales for single family homes is 8.  The number of current active listings for single family homes is 35. The total number of condos / townhomes sold in Carpinteria was 15.  The number of current pending sales for condos / townhomes  is 3.  The number... Continue Reading >

Santa Barbara Real Estate Market Update for the Summerland Area – First 6 Months 2008

I have summarized below an easy to look at brief outline of the overall MLS statistics for the Summerland CA area through the first 6 months of 2008.  The total number of single family homes sold in Summerland was 5.  The number of current pending sales for single family homes is 4.  The number of current active listings for single family homes is 21. The total number of condos / townhomes sold in Summerland was 1.  The number of current pending sales for condos / townhomes  is... Continue Reading >

Santa Barbara Real Estate Market Update for the Goleta Area – First 6 Months 2008

I have summarized below an easy to look at brief outline of the overall statistics for the Goleta CA area through the first 6 months of 2008.  The total number of single family homes sold in Goleta was 113.  The number of current pending sales for single family homes is 30.  The number of current active listings for single family homes is 110. The total number of condos / townhomes sold in Goleta was 45.  The number of current pending sales for condos / townhomes  is 13. ... Continue Reading >