Santa Barbara Real Estate
The median priced home of $1,125,000 remains exactly the same as it was a year ago. Prices have not changed in the past 12 months. Inventory is still constrained with only 3.8 percent more new listings than last year. Sales in the first quarter were solid. The number of homes sold was up 5 percent compared to the first quarter of 2016 on the South Coast.
Santa Barbara has been ahead of US appreciation rates for the past five years. A pause in the price run-up is normal as markets expand and contract. This is a time when the Santa Barbara market is more balanced between buyers and sellers. We have moved out of being only in a seller’s market. However, the sub-million house and condo markets are quite active, and may be still considered seller’s markets.
At Berkshire Hathaway home sales were up. This keeps the company in the number one position for number of sales and dollar volume, compared to all local companies.
In the first quarter I sold four homes, put three in escrow, and ended the quarter with four listings. Listing and selling is my full time business. I ranked in the top 1 percent of agents across the country within Berkshire Hathaway, for the past year.
Sincerely,
Scott Williams
CalBRE 00628741
P.S. I have 39 years of experience in Santa Barbara, with more than 738 homes sold. Please recommend me when real estate comes up with friends. Call (805) 451-9300, or email scott@scottwilliams.com. All calls will be kept completely confidential.
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