Santa Barbara CA Real Estate Market Update 3rd Quarter 2014
Here are the latest real estate market statistics for the 3rd quarter 2014 for Santa Barbara proper. As seen below, the average sales price has been pretty strong over the last year once again and continued to rise...but now at a slower pace. Overall the market feels that it has taken a break in the last few months and feels pretty stable with no price increases. After a very strong run up in the last 2 years starting in May 2012, our overall real estate market has definitely stabilized for now over the last few months. Inventory continues to be lower than normal, but fluctuates month to month. Unlike the last 2 years, you are now no longer guaranteed to sell your home right away just by putting it on the market. Instead, it has to be presented well, priced well and marketed well. Please feel free to be in touch if you would like a free market evaluation of your home.
Santa Barbara Real Estate Market Update