The Santa Barbara real esate year to date statistics show there is a +24.4% increase in the number of homes sold in Santa Barbara. The number of new listings of homes listed for sale in Santa Barbara is down -11.5% year to date.
For purposes of this statistical analysis, the Santa Barbara real estate market encompasses all residences from Carpinteria through Goleta.
The largest number of home sales in Santa Barbara continue to come from the lower price ranges, but we are now starting to see luxury Estates and oceanfront homes selling as well.
Interest rates are terrific, the Home Buyer Tax Credit is available and there is an ample supply of homes for sale to select from.
An increase in the number of Santa Barbara homes sold, and a decrease in the number of Santa Barbara homes listed for sale will at some point be the catalyst in the real estate market turn around. Go to www.DistinctiveRealEstateOnline.com to search Santa Barbara homes for sale.
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