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Dwight Yoakam “Live” performing Home For Sale from his This Time album.
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Santa Barbara Real Estate Blog Welcome to the Santa Barbara Real Estate Market Update for September 2022. The data here was provided by Fidelity Title Company of Santa Barbara on October 13, 2022. The focus here is local with attention the number of home sales and market trends.
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Santa Barbara Real Estate Market Trends 2023 The California real estate market has shown signs of recovery in May, with home sales reaching the highest level in eight months and the median home price surpassing $800,000 for the second consecutive month. The market is demonstrating resilience and stability. The Santa Barbara real estate market remains strong while interest rates hovers around 7%. On July 16, 2023, the current average interest rate for a 30-year mortgage was 7.14%. Source: Bankrate All Cash purchases have picked up since last year here in Santa Barbara. All Cash sales for June of 2022 were 28%. This year for June was 40%, which may reflect the dramatic hike in interest rates this year. Click Read More below for graphs, charts, and video.
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