What a wet beginning to 2019 it has been! Good thing it is “sunny with a chance of clouds” within the real estate market in Santa Barbara. Many areas are seeing positive increases like our median sales price increased 3% over January 2018 and 20% more homes were sold.
Single Family Homes in Santa Barbara
As always, we’re keeping our eyes on the national market where many communities have experienced shifts from sellers’ to buyers’ markets. While we at Zia Group have not seen this full shift happen yet in the Santa Barbara area, we are seeing early warning signs of a market balance with more equal leverage dynamics between buyers and sellers. As a sign of this, fewer properties went into escrow in January while our inventory has gone up by 30%.
Condo Market in Santa Barbara
Like many of our neighbors, we’re aware that January 2018 was an incredibly unique time in the real estate market and community. Comparing today’s market is a bit of a challenge considering the natural disasters encountered. We continue to monitor these trends and keep our community up to date.
Thinking of selling your home?
If you are thinking of selling your home within the next five years, we would love to meet with you for a strategic look at your neighborhood and home to see when would be the best time to take advantage of your hard earned equity in your home. Email or call us today!
7 Steps To Buying Your First Home In Santa Barbara
1. Get prequalified for a loan Before you begin the home buying process, it is essential to know how much you can pay for a home. Your lender can make this easy for you, by pre-qualifying you before you and your real estate agent begin looking for a home. A prequalification is free and can…
4 Questions to Ask When Selling Your Santa Barbara Home
There comes a time in every homeowner’s life when he or she realizes: “I am not the same person I was when I bought this place.” Maybe your lifestyle or your family configuration has changed, or maybe the house just isn’t as appealing as it was when you signed that ream of paperwork on closing…
10 Things Homebuyers Should Know About The Closing Process
If you’re reading this, you’re probably entering the home stretch. Hang in there! The closing process, or settlement, transfers ownership of your new home from the seller to you. Yes, there’s a lot going on, and a lot of money is going to change hands. But when you know what to expect and plan well,…
4 Considerations When Helping Your Senior Parents Downsize
Watching your parents age is never an easy thing, and helping to make life decisions on their behalf can be immensely stressful. This is one of the reasons why children who are tasked with helping their parents downsize into a more lifestyle-appropriate home often delay in doing so. And when you combine this stress with…
The Millennial’s Guide to Buying a Home in Santa Barbara
Millennials who want to invest in real estate have it harder than many other generations. Real estate prices are at record or near-record highs in just about every major market in the country, and even though employment is good, wages still haven’t kept up with the home price increases, making it tougher than ever to…
Host the Ultimate Open House When Selling Your Santa Barbara Home
An open house can be an ideal way to introduce a bulk of buyers to the property you’re hoping to sell them, and done right, an open house can sometimes generate multiple offers. The key, though, is “done right” — not every open house is going to be a buyer’s bonanza, and not every open…