Appreciation Continues to Rise Affecting Affordability for the Average Buyer
Comparing sales year to date this year (2016) versus 2015 reflects while the market has gone up in appreciation, there have been less overall sales in both residential and condo properties. It shows how amazing the appreciation is and continues to be in the Santa Barbara area. While the market has has seen a continued rise in appreciation, it has had an effect on affordability and has been hurting the average buyer. Take an in-depth look at some of our latest market stats charts below to see this supply and demand in effect in Santa Barbara real estate. For more market updates, sign up for our monthly newsletter which highlights market trends, new listings, and Santa Barbara happenings.
Residential Sales April 2016 vs 2015
[wptg_comparison_table id=”9″]Residential March Comps 2016 vs 2015
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Yearly Sales To Date 2016 vs 2015
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Condo Sales April 2016 vs April 2015
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Condo Sales Year to Date 2016 vs 2015
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We would like to thank the SBAOR and Coldwell Banker for providing us with our information. As always, if you are thinking of buying or selling, or know someone who is, please think of us and make sure you check out our current listings, our SB Open House Guide, which is updated daily, and more from our blog and facebook.
Thank you!
Kellie & Randy