There is a great deal to be learned from WHERE WE HAVE BEEN, in order to know where YOU ARE GOING!  Take a look below, and see where the world of real estate statistics hits home for you!

There is a full report with even more interesting figures (including condo and 17 yr. historic data). Let me know if you would like to discuss how these figures relate to your situation, or if you would like the full report emailed to you…with no obligation of course!

SANTA BARBARA MULTIPLE LISTING SERVICE STATISTICS as of January 5, 2018 

Year to Year Comparison – 2016 vs. 2017

PROPERTIES “SOLD”  – 2016 = 1,115 vs. 2017=1,179   (+5.7%)

MEDIAN LIST PRICE – 2016=$1,349,000 vs. 2017=$1,295,000   (-4%)

MEDIAN SALES PRICE2016=$1,149,000 vs. 2017=$1,250,000  (+8.8%)

MEDIAN SALES PRICE (excluding Hope Ranch/Montecito) – 2016=$999,000 vs. 2017=$1,100,000   (+10.1)

AVERAGE SOLD PRICE2016=$1,659,917 vs. 2017=$1,761,687   (+6.1%)

AVERAGE SOLD PRICE (excluding Hope Ranch/Montecito) – 2016=$1,260,625 vs. 2017=$1,385,453   (+9.9%)

TOTAL SOLD VOLUME 2016=$1,850,807,601 vs. 2017=$2,077,030,081   (+12.2)

 

 

Some interesting information from the Santa Barbara Multiple Listing Service!

There is a complete report you may be interested in, in addition to the graph below!

Please click to send me an inquiry (or give me a call or text!) and I will be happy to email you the entire report. No obligation of course! 

Information is power, just passing it on!

1ST AND 2ND QUARTER STATISTICS for 2017 

screenshot-2017-08-09-14-37-29

With the end of the year having come to a close, statistics experts have tallied some interesting facts and figures (see below). 

Whether you are asking, “Is now the time to buy?”, or “What is my house worth?”, or just curious about the market in general,  it is always worth taking a look and asking the questions.

Though history is not always an indication of future performance, there is much to be learned from where we’ve been.  With change in the air, it is important to think about how the economic current climate will affect our housing market in paradise.   The Santa Barbara Real Estate Market has historically shown to be very stable, even when markets in other areas are showing signs of change. Together, let’s talk about what this all means to YOU!  Remember….INFORMATION IS POWER!  

2016 YEAR END SUMMARY – According to the Santa Barbara Multiple Listing Service …

00-2016-mls-activity

➤ Interesting! Check out the M.O. I – Months of Inventory, (how long it would take to sell the current active listings) It is an interesting number to watch! Traditionally, 4.0 is a standard indication of a steady, normal market. Anything over 6.0 tends to lean in favor of buyers,  while under 3.0 tends to indicate a seller’s market. Like Goldilocks says,  right now the market seems “just right”


COMPARE AND CONTRAST – Looking at this year-end information, let’s compare to 2015 …

00-sales-median-price-2015-2016

➤Interesting! Sales for Montecito for 2015 & 2016 were the exactly the same!  Santa Barbara sales increased! Overall, median prices were up for the 5th year in a row! (see last chart below) 


PRICE POINTS FOR ACTIVE LISTINGS, at the end of 2016 …

00-of-active-listings-by-area

➤Interesting! The majority of inventory was between $1M and $4M (with an increase in the $2M to $4M price point)


THAT WAS THEN, THIS IS NOW! – Taking a look in the rear view mirror, here is the picture dating back to 2001 …

00-sold-listings-2001-2016

00-median-price-sold-2001-2016

THANKS FOR TAKING THE TIME TO READ AND STUDY.

IF YOU HAVE ANY QUESTIONS…YOU KNOW WHO TO CALL, OR   Click to send me an email! 

 

 

 

 

 

VIVA LA FIESTA!

It’s that time of year again, when everywhere you go in Santa Barbara,  you will hear the happy greeting from locals…..”Viva La Fiesta”! 

From August 3rd, to August 7th,  Santa Barbara welcomes in the 92nd Annual   Old Spanish Days – Fiesta! An abundance of activities is slated each year. Check the calendar for more details!

Fiesta photo    gallery-mercado-guerra-700-2

Two “mercados”  offer every excuse to pop in and enjoy the spectacle,  cultural tastes,  sweet aromas, and lively music of Fiesta – El Mercado de la Guerra, downtown – El Mercado del Norte, McKenzie Park uptown. The stages welcome in local talent of all kinds with plenty of costumed color, fanfare, and music!  

Stop by Our Lady of Guadalupe and stock up on hand-made tamales, but get there early, they sell out! For the kids, a fiesta-favorite are the confetti filled eggs called “cascarones”.  It just wouldn’t be Fiesta without a bit of confetti in your hair! 

The coming of Fiesta marks the best days of summer julietta online casino in our fair city and also foreshadows the coming of the “post Labor Day ” buying season of Fall.  If it’s time to get smart about making end-of-the-year financial decisions, now is the perfect time to position oneself to close a transaction in 2016. There is still plenty of time to find that perfect home, make that smart investment, and consider other financial benefits of buying or selling real estate in 2016

New to the city?  I welcome the opportunity to take you on my ““Romance Tour”“,  where you are sure to find the neighborhoods,  schools,  views, and business regions that fit your plans for living and working on the Central Coast.  Text, Email or Call – I welcome the conversation! 

Viva la Fiesta! 

Cheers! 

John

Summer Months Sales Surge

Real Estate Sales By Month

The summer months bring with them a lot of real estate activity.

Up to 40% of transactions occur during the summer months!

If you are thinking about selling, historically these are the best months to capture the highest number of buyers.

35% of all transactions currently are receiving multiple offers! If you’re considering listing or purchasing, it is imperative to have solid and competent representation!

Interest rates are starting to creep higher. With the economy showing signs of stability, the bond markets are reacting with an uptick in all mortgage rates. We are still in historical low interest rate ranges but the Federal Reserve is strongly hinting at a rate increase this year.

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