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

<<First Name>>,

How's the Market?? That's the million dollar question, or at least for this month the $2,554,840 question! The average price shot up nearly $1M over last month due to the four sales over $5M, including a $27M sale on East Valley Road, and $16M and $14.8M sales in Hope Ranch. Needless to say, these numbers will tip the scale a bit!

For sellers, the market is getting more crowded but still showing signs of stability. Days on the market rose to 90 from 71 last month, we are right at 5 months of inventory for both homes and condos. A market is considered balanced between buyers and sellers between 4-6 months of inventory. Well-priced homes continue to sell quickly, often with multiple offers. And approximately 37% of pended escrows fell through, so don’t be shy about putting in or taking a back-up offer.

For buyers, the market is building up in inventory-- even before our peak season kicks in. A HUGE challenge we are seeing with buyers is not having their pre-approval ready to write an offer. If you or anyone you know is thinking about buying (even a year or more out), you need to have a local, proven lender in your corner. The stress and heartache resulting from not having the financial component dialed in is something you want to avoid!

Bottom line: whether the market is on its way up, down, or holding steady, we are always happy to help our clients make the most out of it. Super excited to see what Spring brings!

Cheers,
Ruth Ann & the Team

South Santa Barbara County
Statistics through January 2019

 
Monthly MLS Statistics

Most Expensive Home Sold
$27,000,000
2955 East Valley Rd

Least Expensive Home Sold
$487,000
5300 Traci Dr

Median Home Sold
$1,495,000

Average Home Sold
$2,554,840

Cumulative Days
On the Market

90 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

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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