We respect and understand that most people are sheltering in these days during this unprecedented event. For those people that have immediate housing needs or feel this might be a good time to invest we’re hear to listen, and when your ready, we’re here to help.
California home sales fell from both the previous month and year in March as the coronavirus pandemic began taking a toll on the housing market, especially in the last two weeks of the month as the state’s stay-at-home order was put in place.
In December of 2019 176 homes sold up from 146 in 2018. 21% increase.The highest price sale is 3393 Padaro Lane that sold for $28,000,000 to George Lucas who bought his neighbors home. The median price is $1,274,000 for houses and $755,750 for condominiums. The lowest price sale was 424 Bath Street for $601,000. The average market time was 67 days to accept an offer, and the average continuous market time was 101 days. This data was provided by Fidelity Title Company of southern Santa Barbara.
Mark Lomas Santa Barbara Realtor We are in one of the most foundationally strong housing markets of our lifetime because homeowners are going to fight to keep their current mortgage rate and they have a tremendous amount of equity. This is yet another reason things are fundamentally different than in 2008. We may be in one of the strongest Real Estate Markets in a long time. When you look at the numbers today, the one thing that stands out is the strength of this housing market. Here are two fundamentals that prove this point. Click "Read More" below to continue reading.
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570
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