U.S. Home Sales Rose 20.7% in June
Home Prices May Decline Nationally
Snapshot of the 2019 Santa Barbara Real Estate Market
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.
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Your most important consideration is location. All real estate is local. A home in a weak location will not serve anyone’s goals – if an investor can’t resell or rent the property it’s unlikely a vacationer or prospective tenant will enjoy it. Pay attention to market conditions in the area you choose while looking into the strength of the local economy, trends in house resale values, quality of schools, and the overall demographics.
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3112 State Street, Santa Barbara, California 93105
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Kirsten Wolfe BRE 01309570