Author: Kalia Rork

2020 Record Real Estate Year in Santa Barbara

by Kalia Rork Santa Barbara posted record high real estate prices in 2020. Every district, from Goleta to Carpinteria, recorded the highest median sales prices ever in our area. Many people were surprised by the brisk pace of real estate sales, increasing demand, and higher prices here during the summer and fall -- even with the restrictions of the pandemic. Rather...

2019 Year-End Review

  The 2019 median sales prices of houses in Santa Barbara reached $1,286,000 at year end. This surpasses the previous highest price of $1,250,000 in 2005. We've reached the highest median price for houses ever! The market is strong, prices continue to rise (although at a slower rate), and inventory is low. The graph above shows median price from 2004 through 2019...

Third Quarter 2019 Statistical Analysis

Third-Quarter 2019 South Coast Santa Barbara Real Estate Market Update Santa Barbara Association of Realtors, by Kalia J. Rork It’s fall and change is in the air. Many news articles, and certainly real estate industry publications, predict that the real estate market is changing, too. “Get ready for a changing market!” is a common headline. But is our local real estate market changing?...

2018 mid-year statistical review and 2017 recap

[vc_row][vc_column][vc_column_text] Published July 2018 In January or February of every year, I send out a newsletter to my clients and friends that recaps the prior year’s real estate market and statistics. Early in 2017, as you all know, we were all dealing with the tragedy and devastating losses of the Thomas Fire and the debris flow that severely impacted Montecito and Carpinteria, and...

2016 Real Estate Year-End Review

2016 Real Estate Year-End Review

2016 REAL ESTATE YEAR-END REVIEW Most of us would agree that 2016 was a dramatic and eventful year. It might be a bit reassuring to know that for local real estate, 2016 was a fairly normal and calm year. Refreshingly, we didn’t have many surprises. There were almost no foreclosures or distressed sales (just 0.9% of total sales), and our median...