This past month the number of sales and prices in our area were extremely strong, reaching the highest numbers for many years. The month of August continued this upward trend fueled by the high-end market, where the number of sales has almost doubled. The forecast is for another very strong month for September.
The more than usual number of sales in Montecito is driving up the median price, and the overall increase in sales throughout Santa Barbara County is creating a very active market with limited supply.
Many buyers are coming from out of town, (Los Angeles, San Francisco area, and out of state areas such as New York, Chicago, Washington State and Texas) mainly fueled by people trying to get out of the big cities.
If you have any questions, or would like to schedule a consultation, please feel free to contact me!
Market report brought to you courtesy of Village Properties.
Market report brought to you courtesy of Simone Shomaker, Realtor.