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!
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…
Painful Home Renovation Mistakes to Avoid this Year
One of the very best things about owning your own home is that you can change it to fit yourself and your lifestyle. Home renovations are more popular than ever before, and there are countless shows, blogs, magazines and other resources where you can indulge your dreams of a perfect home — if you’re willing…
19 Ideas to Upgrade Your Yard This Summer
Even though humans are a species that builds and maintains our own shelter (also known as “homes”), we can all appreciate the beauty that the natural outdoors has to offer — and indeed, there are entire industries dedicated to beautifying our own outdoor spaces so that we can reap maximum enjoyment out of them. If…
10 Considerations When Calculating Your Santa Barbara Home Value
There’s a reason why estimating a home’s value is a specialized process that’s typically executed by a licensed professional (also known as an appraiser) — it’s not easy to determine the fair-market value of a home in a particular point in time. Dozens of factors influence how much an average buyer might be willing to…
9 Common Types of Mortgage Loans for Homebuyers in Santa Barbara
If you’ve never bought a home before, the sheer number of mortgage loan options can be overwhelming. What’s the difference between a conventional loan and a government loan, and should you go with an adjustable-rate or fixed-rate mortgage? Even if you have bought a home before, if it’s been several years, then you might not…