Santa Barbara Market Report September 2020

As our Market Report shows, the upward trend began in June and has climbed steadily with September showing by far the highest number of sales and prices in a long time. The median sales price is up 15% and the number of sales is up compared to the same time last year. Pending sales for September are also up 50% indicating that October will be another strong month with no sign of any imminent slowdown in the market.

The demand for Santa Barbara and Santa Ynez homes continues to climb. Buyers are making decisions to purchase a new home based on the fact that they are spending more time at home, and need more work space and amenities. Many businesses are making the decision not to reopen their offices, requiring employees to continue to work from home indefinitely. This means that homeowners can now live wherever they want because they no longer need to live near their place of work.

If you are thinking about selling or buying a home in the near future, please reach out to me. I am happy to help you navigate the intricacies of our fast moving market.

Posted on October 21, 2020 at 10:07 pm
Simone Shomaker | Category: Uncategorized

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