Santa Barbara Real Estate Market Update for Spring 2017

Happy Easter! As we wrap up a very active first quarter of 2017, we wanted to share with you a quick snapshot of what’s happening in our Santa Barbara real estate market. Overall we ended March with about 8% more homes sold that last year and with an average sales price up 13% (when not including Hope Ranch and Montecito).

The Goleta and Carpinteria/Summerland markets, historically the more affordable areas of our market, have seen more significant growth in the average sales price, whereas Montecito and Hope Ranch are down. There was also about 6% more active listings from Carpinteria to Goleta, and the inventory is the highest is has been since 2012.

Many of these listings are in Carpinteria/Summerland and Goleta, meaning there is much more to choose from in those areas currently. In contrast, the new inventory East of State Street is down over 30% from last year, making it a great time to list sand sell home in that area.

The Zia Group continues to sell homes quickly and for top dollar, and is committed to keeping you up-to-date on the Santa Barbara market and being your number one real estate advisers.

Related

Selling a house with tenants

A Complete Guide To Selling a House With Tenants In California

It’s stressful being a landlord at the best of times, but when the time comes for you to sell your investment property and move on, the stress can feel palpable. You’ve probably spent time getting to know your tenants and have built a relationship with them, and most humans don’t…

Should I Sell My Vacation Home in Santa Barbara?

The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will take for summer travelers to be back in action and for the industry to fully recover. Homeowners who rent their secondary properties on…

How to Find Good Tenants for Your Santa Barbara Rental Property

Real estate investment can be tricky. We’ve all heard horror stories about renters who don’t pay on time, or damage property. So how do you find good tenants for your rental property and ensure your tenants will keep your investment secure? Avoiding potential damage to your rental property can be…