2020 Year In Review - Santa Barbara Real Estate

As we leave behind a most challenging 2020, I wanted to thank all my clients and give a quick recap of such a crazy year !!!
  • 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

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