Santa Barbara Real Estate Special Market Report
As we approach the holidays, Knight Real Estate Group is pleased to present this Special Report to update you on the current market conditions in the Santa Barbara area. You may have heard that, throughout the U.S., the real estate market appears to be cooling off. While that may be true for some areas, the statistics paint a different story for Santa Barbara County.
October 2021 posted the highest home sale number on record for the month, with the exception of last year and what we are calling "the COVID affect” in real estate, which fundamentally changed how people live and work in their homes. Compared to 2019, October sales were 18% higher. Clearly the demand for real estate is still very strong as we head into the winter selling season.
Santa Barbara Real Estate Market Report | September 2021
As summer turns to fall, the South Santa Barbara County real estate market has remained extraordinarily strong. Local inventory remains at approximately half of what it was this time last year. Buyer traffic is still at historically high levels and mortgage purchase applications are the strongest in a decade, despite a recent uptick in rates. Prices are still appreciating.
Check out the September 2021 Market Report by Village Properties with insights more accurate than any other market report thanks to our friends at Fidelity National Title. We are delighted that our new listing at 1220 Franklin Ranch Road is featured on the cover. You can access the Property Brochure here, and view recent sales and blog posts. As always, give us a call if you would like to have a conversation on our local real estate market.
Santa Barbara Real Estate Market Report | July 2021
2021 has started off with a bang! As has been the trend for at least the past 6 months, we saw very strong sales numbers in the Santa Barbara real estate market during the month of January. With inventory sitting at the lowest level recorded in the past 15-years, we expect prices to continue to climb.
Click here to view the full report »
Santa Barbara Real Estate Market Report | June 2021
2021 has started off with a bang! As has been the trend for at least the past 6 months, we saw very strong sales numbers in the Santa Barbara real estate market during the month of January. With inventory sitting at the lowest level recorded in the past 15-years, we expect prices to continue to climb.
Click here to view the full report »