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Santa Barbara Real Estate Statistics The 2021 Santa Barbara Real Estate Market by the Numbers
Santa Barbara Real Estate Statistics
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Sants Barbara The Santa Barbara real estate market has been enjoying a historic run in home values over the last couple of years. Santa Barbara real estate has become a luxury commodity and despite rapid appreciation, demand remains intact as we head toward the end of the year.
Wall Street's Corporate Landlords It’s fair to say that Wall Street ownership of single-family homes is a new trend with its roots in the wave of foreclosures that followed the 2006–2008 subprime mortgage crisis. This wave, and the subsequent rise in rental demand from displaced former homeowners, created a tantalizing opportunity for large-scale investors, and they seized it. Click "Read More" below for the whole story and video.
The Santa Barbara Real Estate Scene The Santa Barbara Real Estate market continued to reflect trends that have been with us all year: relatively few homes for sale, higher mortgage interest rates, and a gradual cooling from the very hot market we experienced during the height of the pandemic. Median prices and numbers of sales often flatten or decline in late summer into January compared to spring and early summer months. The market seems to have moved into this pattern. At the same time, continued interest rate increases and other factors are putting pressure on prices, offset to a large degree by a low supply of available homes for sale (inventory). For more information including Videos and Statistics click Read More below.
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