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

<<First Name>>,

Spring selling season is kicking into gear, and the statistics show we may be heading for a super bloom market wise! Being as busy as we are putting keys in hands and getting some exciting new listings ready, it's still important to stay tuned in to the larger trends.

Inventory and prices continue a slow rise, with total active listings, new listings and median list price all up so far for 2019. Interestingly, the number of properties that went into escrow is down 12.7% from that same period last year. Keep in mind, a number of buyers who would've bought November-January last year didn't with the Thomas Fire then debris flow, which could explain the higher number of sales in February. Late 2017/early 2018 will always be a strange measuring stick, but overall signs point to a stable market. 

This month's edition of the California Economic Forecastseems to agree. We do see the market softening a bit toward the end of the year, but it's still a great time to buy or sell on the Central Coast.

We are always happy to chat about the market, or to help problem-solve even the trickiest of real estate situations. Keep in mind, we eat, breathe, sweat real estate, and our hashtag of choice is still #lovewhatyoudo... So let us know how we can help!

Cheers,
Ruth Ann & the Team

South Santa Barbara County
Statistics through February 2019

 
Monthly MLS Statistics

Most Expensive Home Sold
$18,125,000
3055 Padaro Ln

(Now for rent at $45,000/month)
Least Expensive Home Sold
$638,000
1228 Liberty St

Median Home Sold
$1,350,000

Average Home Sold
$2,151,297

Cumulative Days
On the Market

78 Days



For Sale
Coming Soon

194 Sanderling Ln
Immaculate and luxurious 3 bed/ 2.5 bath townhouse in the Hideaways. Open Sat & Sun from 1-4!
Offered at $889,000
Click for Virtual Tour!

POCKET LISTINGS: Hidden Valley & Bel Air Knolls
Two great homes are getting ready to come on the market!
Call or text 805-698-0351 for more information.
Pocket Listing- Already Pending!
Check out the amazing setting at 5596 Retorno St, a 3 bed/ 1 bath fixer on a great Concha Loma cul-de-sac that's already under contract!
SOLD

426 Magna Vista St
3 bedroom/ 2 bathroom home near San Marcos High School
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

2030 State St #24

2 bed/ 2 bath Villa Capri condo in Downtown Santa Barbara
Offered at $825,000

53 Sonoma Ave

3 bed/ 2 bath home with attached 2-car garage in El Encanto Heights
Offered at $750,000

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

1760 Overlook Ln

Remodeled 2 bed/ 2 bath on 0.39 acres in Eucalyptus Hill
Offered at $1,350,000
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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