Market Update for 3rd Quarter 2019

Fall in Santa Barbara is certainly a beautiful season and one of my favorite times of the year.
Real Estate sales typically slow during the fall, however sellers who are realistic, understand the market and how to price and prepare their homes for sale, will have no trouble selling their homes.

The numbers don’t lie, which is a good thing according to the most recent stats.

Some will say the market is slowing, others would agree its better than it appears as it continues to exceed last year’s numbers.

Sales of Single-family home are up 8% over last year with a total of 987
More Condo’s sold with a total of 495 which is 9% over last year at the same time.
Overall, 1,482 residences have sold through the 3rd quarter of 2019 showing an increase of approximately 8% over 2018.

Inventory levels are the challenge as it continues to show increased demand for housing with more home buyers than properties available to purchase.

From Goleta, Santa Barbara, Montecito, Summerland, and Carpinteria where would your dream home be?

For a look at the full report click the link below.

September 2019 Marketing Report

Posted on October 21, 2019 at 4:40 pm
Robert Watt | Category: Blog, Market Report

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