Recent months have seen the median sale price in Santa Barbara Real Estate dip from a record high this spring. The price paid per square foot is up 9% on the year. Looking ahead to next year, we expect an uptick in inventory and a more balanced Santa Barbara real estate market with more options for buyers and sellers.
Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably. Unsure buyers navigating an unpredictable landscape keep demand declining while other potential buyers remain sidelined from an affordability standpoint. The interest rate hike by the Federal Reserve will certainly inject additional lead into the heels of the housing market.
Veterans Day is a time for us to pay our respects to those who have served. For one day, we stand united in respect for you, our veterans.
Veteran’s Day began as a day to reflect upon the heroism of those who died in our country’s service and originally was called Armistice Day. It fell on November 11 because that is the anniversary of the Armistice that ended World War 1. However, in 1954, the holiday was changed to Veteran’s Day in order to account for all the Veterans of all wars.
We celebrate and honor America’s Veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good.
In May 2020, eight blocks of State Street — from Sola Street to Gutierrez Street in the area known as Lower State — were closed off to car traffic to enable restaurants and merchants to spill out into the street and meet the ever-changing state and national guidelines due to the pandemic.
Our local government and the Santa Barbara Police appear unable to address the variety of issues recently brought forth by the Natural Cafe owner which has chosen to close its doors after 30 years on State Street.
Ever since the closure of State Street the once iconic “Main Street” of Santa Barbara no longer seems the same.
Should State Street be reopened?
For more on the closure of the Natural Cafe and the myriad of problems that plague State Street click “Read More” below.
When you decide to sell your home your initial asking price is possibly the most critical aspect of your property’s marketing plan. Statistics show time and again that homes that are priced properly when first brought to market sell at a higher sales price, oftentimes with better terms and conditions, and in a shorter time frame.
A couple of recent videos with insights into today’s real estate market. Simply inventory is painfully low and interest rates have reached the point where buyers are either waiting for the perfect house competitively priced or sitting on the sidelines waiting for things to significantly change.
Real Estate is changing dramatically as new technologies transform the way real estate transactions are completed
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.
Christopher Lloyd and Santa Barbara’s Michael J Fox’s emotional Comic Con reunion. October 10, 2022 plus “Sightings!” via MoJo
Real Estate News You Can Use! How’s the housing market in California right now? According to the California Association of Realtors, the monthly and annual home price growth accelerated in August. For the first time in five months California house sales also increased which was mainly due to a window of opportunity generated by a temporary decline in mortgage rates that created a little more favorable lending climate.
This website is not the official website of Sun Coast Real Estate. Sun Coast Real Estate does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website. Real Agents affiliated with Sun Coast Real Estate are independent contractors and not employees.
3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570
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