The median sales price for Santa Barbara real estate for the month of Feburary was up +6.7% year over year which is great news considering the median sales price of Santa Barbara real estate has been in negative territory for the last 4 consecutive months, as well as for every month in 2009 with the exception of October 2009, which delivered a +2.6% year over year gain.
Perhaps February's positive median sales price is an anomoly similar to October 2009, or perhaps this is the start of a positive trend in the Santa Barbara real estate market bolstered in part by a pent up demand among buyers, historically low interest rates, and tax credits. Time will tell. In the meantime, keeping visiting us at www.DistinctiveRealEstateOnline.com for regular statistical updates, and to search and view Santa Barbara homes for sale matching your specific criteria. You are also welcome to call Wendy Gragg at 805.565.0246.
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