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Statistics for December
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Your Key to the Santa Barbara
Real Estate Market: January

<<First Name>>,

Welcome to 2019! While 2018 was a bit like Mr. Toad's Wild Ride, the expectation for 2019 appears to be a bit smoother! Looking ahead, economist Mark Schniepp opines in his most recent economic forecast that "Homes will not be selling like hot cakes in 2019." This train of thought nationally and statewide is certainly supported by data, but on the other hand we all know Santa Barbara is something of a unique market. Overall, rising interest rates and other factors will likely temper— but certainly not stop—demand for housing here.

What does moderation of sales and prices mean to buyers? More choices! Last December saw a lean 2.98 months of inventory for single-family homes, and 1.97 months of condos. This December, the market velocity slowed to a more robust 3.48 months of single-family homes and 4.71 months of inventory of condos. The local market is still showing signs of strength and stability moving into the typical Springtime uptick.

Hot cakes or not, we are gearing up for a great year! If there's a real estate goal on your to-do list, we are always a call or text away!

Cheers,
Ruth Ann & the Team

South Santa Barbara County
Statistics through December 2018 

 
Monthly MLS Statistics


Most Expensive Home Sold
$10,129,700
3219 Cliff Dr

Least Expensive Home Sold
$545,000
1429 Gillespie St

Median Home Sold
$1,175,000

Average Home Sold
$1,765,487

Cumulative Days
On the Market

71 Days



For Sale

194 Sanderling Ln
Immaculate and luxurious 3 bed/ 2.5 bath townhouse in the Hideaways! Close to the Bacara, Sandpiper Golf Course and more.
Offered at $889,000
Click for Virtual Tour!
Coming Soon!
Quiet cul-de-sac in Concha Loma, Carpinteria.
3 bed/ 1 bath on 0.35 acres. 
Price TBD
SOLD

232 Las Ondas

Mesa California Cottage! 3 bed/ 2 bath with bonus room attached to garage. Washington School District.
Offered at $1,400,000
Sold at $1,405,000

3717 Fortunato Way

Mid-century modern Hidden Valley gem! Roomy 3 bed/ 2 bath home on a quiet cul-de-sac with  new and adorably original touches.
Offered at $960,000

Sold at $970,000

444 Rosario Dr

3 bed/ 2 bath home in Hope School District with great outdoor space
Offered at $927,000, Sold at $920,000 (Buyers co-represented by Monique Cox)
2 bed/ 2.5 bath Pacific Palms townhouse near Girsh Park.
Offered at $699,900, Sold at $660,000 (Buyers co-represented by Kristin Hall)

426 Magna Vista St
3 bedroom/ 2 bathroom home near San Marcos High School. 0.21 acre lot.
Offered at $799,000, Sold at $730,000

Click for Virtual Tour!

1320 N G St, Lompoc

3 bedroom/ 2 bathroom home on corner lot
Offered at $399,900, Sold at $399,000

(Buyer co-represented by Kristin Hall)
Under Contract

4630 Via Bendita
2 bed/ 1.5 bath with 3.5 useable acres in Hope Ranch. 6-stall barn and guest house
Offered at $3,900,000

3722 State St #212
Beautiful condo in the new Estancia development
Offered at $1,265,000
Resources

Economic Forecast

CORT Report

1031 Insider

Search for Properties 

RuthAnn@SellingSB.com
805-698-0351 // Cal-DRE# 01751940
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Our mailing address is:
1436 State St
Santa Barbara, CA 93101

Copyright © 2019  Ruth Ann Bowe Real Estate Team All rights reserved.


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Ruth Ann Bowe Real Estate Team · 1436 State St · Santa Barbara, Ca 93101 · USA

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