• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Scott Williams Real Estate

Scott Williams Real Estate

ScottWilliams.com

  • Client Newsletter
  • Blogs
    • Market Mojo Report
    • Market Update
    • Montecito Connection
  • Santa Barbara
    • Maps
    • Histories
      • Downtown
      • Eastside
      • Westside
      • Samarkind
      • Mission Canyon
      • Montecito
      • San Roque
      • Mesa
      • Hope Ranch
      • Riviera
      • San Marcos
      • Waterfront
  • Email
  • Facebook
  • RSS

April 2016 – Second Quarter Client Newsletter

April 6, 2016 by Scott Williams

The local real estate market is doing well, and prices are moving up.  We are having another good year.

Santa Barbara Real Estate
Santa Barbara has an active market in 2016, although with fewer sales than the first quarter of 2015. Inventory is constrained and prices are up, but sales are primarily occurring between $1 million to $3 million.  This year there are less sales and fewer people looking in the over $5,000,000 market.  There are also fewer homes available under $1 million since the prices have increased.  As buyers find it harder to afford a house, they are switching to condos.  This has caused a 10 percent increase in condo prices recently and I expect this trend to continue. The Mesa has passed the peak of 11 years ago. Most Santa Barbara neighborhoods are 10 percent below peak prices.

US and California Housing Economy
Nationally pending home sales rose solidly in February to their highest level in seven months and remain higher than a year ago, according to the National Association of Realtors. Prices in Southern California are up 3.7 percent higher than last year. The February Southern California median price was 14.9 percent below the 2007 peak according to Core Logic.

Sincerely,


Scott Williams
CalBRE 00628741

P.S.  I have 38 years of experience in Santa Barbara, with more than 700 homes sold, and I am available to talk with you about your home.  Call (805) 451-9300, or email scott@scottwilliams.com.  All calls will be kept completely confidential.

Filed Under: Client Newsletter

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

News and Updates

Montecito Connection: Hit the Jackpot Selling Your Home–My Podcasts Tell You How

September 16, 2021 By Mark Burrell Leave a Comment

Montecito Connection: Montecito Conditions – High Water Everywhere

August 16, 2021 By Mark Burrell Leave a Comment

Market Mojo Report – Mesa Increase in Values Highest on Record

August 16, 2021 By Mark Burrell Leave a Comment

Market Mojo Report – Jan 2018 – Are You Curious?

January 5, 2018 By Scott Williams Leave a Comment

Search content by keyword

Archives

Categories

  • Client Newsletter
  • Homes for Sale
  • Market Mojo Report
  • Market Update
  • Montecito Connection
  • Peach Picking
  • Sold Listing

Follow

  • Email
  • Facebook
  • RSS

Footer

Contact Scott Williams

Scott Williams
President Williams Systems
Berkshire Hathaway HomeServices California Properties
Office: 805 563-4031
Fax: 805 563-0053
Cell: 805 451-9300
Scott@scottwilliams.com
http://www.ScottWilliams.com
Cal BRE # 00628741

Disclaimer

Copyright © 2023 · Blog Site by The Burrell Group · Log in