Market Update for February 2020

This month’s Market Update Report shows the market conditions are business as usual despite the latest news around Coronavirus.

  • 128 total properties sold in February, 92 homes & 36 Condos
  • Median sales price for a home was $1,189,500
  • Median sales price for condo’s $682,500
  • 3.58 Months of Inventory

Remember these are February results. Now that we are halfway through March, it will be interesting to see how this month turns out with the latest concerns around the COVID-19 (Coronavirus).

We at Village Properties are as concerned, as many are, about staying healthy during these challenging and uncertain times.

Along with the Market Report Link, here are links to the CDC’s recommendations for your reference, the Santa Barbara County Public Health Department, and the California Department of Public Health regarding the virus and what to be aware of.

We are taking the advice of the CDC and being extra cautious when conducting Real Estate business in our beautiful community.

We’ll be here for your real estate needs and grateful for your support.

Stay healthy!

February Market Report

 

Posted on March 16, 2020 at 3:57 pm
Robert Watt | Category: Market Report, Uncategorized

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