2022 Profile of Home Buyers and Sellers
December 2022: The National Association of Realtors surveys home buyers and sellers every year and then compiles the data. It's often very interesting! These stats are for owner-occupied homes (the buyer's or seller's primary residence) for the period July 2021 through June 2022. This data is nation-wide, not local. I'll put some local comments in brackets. Characteristics of Home Buyers First-time buyers...
Mid-year 2021 Real Estate Stats Update
Six months ago I wrote that our inventory of homes for sale was the lowest I'd ever seen. It sat at 1.1 months of inventory -- meaning that in just 33 days all houses listed for sale would be sold at the current pace of sales. This is usually somewhere between 3 and 6 months. Half way through the year...
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...
2018 RECAP Santa Barbara Real Estate Market
2018 Real Estate Prices This article first appeared in the Santa Barbara News-Press and Voice in February, 2019. It was a little over a year ago that our Santa Barbara communities were beginning to come to terms with the extent of the human toll and property damage from the double tragedies of the Thomas Fire and the debris flow. When I wrote...