2020 Year In Review - Santa Barbara Real Estate

• The year started out fairly normal from January until about mid March. 
• By mid March, most real estate in Santa Barbara went into a holding pattern. 
• Escrows that were pending mainly closed, but several fell out and/or had a tough time closing because of lending.
• From mid March until about early May, the market overall was rather stagnant as Covid really hit home and most people simply were on the sidelines.
• From mid May until about mid June, the market really starting to gain momentum with buyers coming off the sidelines.
• By late June the market started to get busy and listings were selling withing a few weeks.
• By July the market had completley changed and buyers were everywhere, inventory was limited and prices started to rise.
• From July through the end of the year, the market was very robust with limited inventory, low interest rates and prices rising.

Thank you for a very successful 2020 and I look forward to making new dreams come true in 2021!!!

• 16 Sales Totalling Over $20 Million in Closed Sales
• 4 Sales Above $2.5 Million, 6 Sales Between $1 - $2.5 Million, 6 Sales Below $1 Million