Januray 2021 Market Update
Despite the upsurge in COVID-19, the market remains hot as we move into 2021. With many more buyers than sellers and incredibly low inventory, many properties are selling quickly with multiple offers. Mortgage rates are still very enticing, making it an excellent time to invest in a new home. The annual year-to-date median sales price for single family offerings was up 21% over last year to $1,562,000 (from $1,286,000). Sold units were up 14% and sold volume is up a whopping
This Year in Review 2020
2020 has been quite a year. Full of change, hardship and worry, but also full of small victories and silver linings. I hope you and your families are focusing on the positive, spending more time with loved ones, helping a friend, shopping local, and staying safe. I also hope that your 2021 shines brighter. Priorities have shifted and people are reassessing what is important. There has been a distinct move from busy city centers, to places where people want to live and Santa
December 2020 Market Update
The market in Santa Barbara has remained steady and hot as we move into the winter months. Despite COVID’s recent upswing, real estate is still moving quickly with very few new listings and immense buyer need. The median sales price for the month of November was $1,700,000, a slight decrease as compared to October’s $1,750,000 however, this figure is still much higher than last year’s MSP of $1,272,700. With only 180 active listings this November as compared to 343 in 2019 an