During the first three months of the year, the County’s labor market has been prolific in creating jobs. At the current pace, the county will add more than 5,000 jobs to total employment, and half of those jobs are located in the South Coast areas of Goleta, Carpinteria, and Santa Barbara. Continue Reading about The Labor Market, Especially Tourism, is Lifting the Santa Barbara Economy
Santa Barbara Real Estate
Market Mojo Report June 2014
Mesa Market Review The Santa Barbara Multiple Listing Service shows 11 Mesa sales in May, the same as last year. There are only 12 houses actively for sale. In normal markets the average number of Mesa homes for sale has been 20 to 25. So, we are facing a clear shortage of listings for sale. Usually a shortage favors sellers and influences the prices to rise. There are signs that buyers are Continue Reading about Market Mojo Report June 2014
Market Mojo Report May 2014
LACK OF HOMES FOR SALE Over the years we average 20 to 25 homes available for sale each month in the Mesa area. This month we are down to 10 homes for sale – a very low number. We had 6 sales in April compared to 8 last year. It is the reduction in inventory which is the primary culprit in keeping the sales down. We can’t sell homes if we don’t have homes on the market. There are so few Continue Reading about Market Mojo Report May 2014
Market Mojo Report April 2014
MESA STAYS HOT The Mesa market took off briskly during the first two months of 2014 with double the sales of 2013. However March 2014 sales scaled back to be on an even par with March 2013 — evidence for a slowing of the sales pace. Median prices increased this year, but not continuing at the 25 percent rate from last year. For March, Mesa median prices were up nine percent above the 2013 Continue Reading about Market Mojo Report April 2014
Market Mojo Report March 2014
MESA AND BRAEMAR The Mesa/Braemar market has taken off briskly in 2014, in the first two months sales doubled from 6 last year to 14 this year. Median prices were up from $846,000 to $1,055,000, a 25 percent increase. That is a real surge in sales and pricing. If you have been waiting for a better market to investigate selling your home now may be the time to talk with a Realtor. See the Continue Reading about Market Mojo Report March 2014
