Santa Barbara Bel Air Knolls Real Estate Update

Over the last 12 months, the Bel Air Knolls neighborhood here in Santa Barbara has been pretty active with compared to recent past years.  Often months can and do go by in this area with only 1 or 2 homes coming on the market.  This has not been the case over the last year, as shown below by the following statistics.

  • There are currently 5 homes on the active market.  These homes range in value from $970,000 to $1.65 million.
  • There have been 16 closed sales over the last 12 months.  Prices range from $875,000 to $1.8 million.
  • There is currently only 1 home pending sale, listed at $879,000.
  • Most of the homes that are currently active for sale have been on the market 5 plus weeks. Generally speaking this would speak to price and the market not feeling that the home is worth what is being asked.

Backyard of recent Bel Air Knolls home that sold for $1.4 million

Backyard of recent Bel Air Knolls home that sold for $1.4 million

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    For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our wonderful town, please don’t hesitate to contact Kevin Schmidtchen at Berkshire Hathaway Home Services.

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