SANTA BARBARA HOMES FOR SALE DIMINISHING

Still impressive number of sales in Santa Barbara Real Estate. In spite of the holidays the buyers are out there searching among the shrinking inventory of homes for sale. As an example one property listed at $2,5M had no less than 9 offers in this past week! 

30% of our real estate sales this last week had multiple offers. 

Hope you all had a nice Thanksgiving. Let's have another active week in Santa Barbara Real Estate.

Santa Barbara Real Estate Update

SANTA BARBARA REAL ESTATE MARKET UPDATE

Inventory keeps diminishing in Santa Barbara Real Estate and we just experienced another strong week with 50% of all sales having multiple offers. 

The Real Estate market is currently seeing a slower recovery with the peek expected to be ca. 2018. With the national and world economy struggling, we here in this bubble called Santa Barbara still get access to the low interest rates. 

Santa Barbara South Coast Real Estate Market Update

This Holiday Season both buyers and sellers had reason to toast the Santa Barbara South Coast real estate market. Buyers continue to take advantage of historically low interest rates coupled with lower prices, and sellers are benefiting from a steady flow of ready and qualified buyers. Year-to-date data for 2013 shows a median price that has continued to rebound, a robust number of sales, and a low months of inventory ratio.