aCTIVITY IS INCREASING IN BOTH MEDIAN LIST & SALES PRICES
2016 is starting off to be a busy year in real estate. While not as many properties came on the market as compared to January 2015, activity has increased in both the median list price and the median sales price. Even with the Feds raising rates in December of 2015, interest rates have still remained below 4% for most loans. How long this will last will depend on many factors.
We hope the charts and information below will be of interest to you. We will also continue to monitor and report each month the real estate activity throughout the Santa Barbara market. As always, if you have any questions or know of anyone who is thinking of selling or buying a home or condo, from Carpinteria to Montecito, Santa Barbara, and Goleta to the Santa Ynez Valley, we hope you will consider referring us. Our business is built on our continued service and recommendations from our clients and friends. Contact us today and check out our current listings.
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Of the 74 homes that closed escrow in January 2016 in Santa Barbara, CA:
- 25 were priced under $1,000,000
- 17 were priced between $1,000,000 and $1,499,999
- 11 were priced between $1,500,000 and $1,999,999
- 6 were priced between $2,000,000 and $2,999,999
- 5 were priced between $3,000,000 and $3,999,999
- 2 were priced between $4,000,000 and $4,999,999
- 5 were priced at $5,000,000 and up
If you would like more information on the market update provided, please contact us today.
Thanks,
Kellie & Randy