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MARKET UPDATE One-third of 2019 is behind us. The year is off to a good start. Total sales are tracking ahead of 2018 and even way ahead of 2017 by almost 11%. We have an active year so far. Off market sales continue to be a large part of the picture…
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MARKET UPDATE Our 60-second market update With two months behind us and only a few days left in March, the housing market for 2019 is showing promise. Without a doubt, the biggest unexpected change has been the drop in interest rates. In November 2018 the average rate peaked at 5.17% and…
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MARKET UPDATE 2019 is off and running! It is encouraging to see. January sales volume is strong and on par with 2017. The relaxing of interest rates seems to have re-stimulated our market. Looking back at 2018, when interest rates breached 5%, we saw the market slow. As rates have dropped back below 4.5% sales…
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MARKET UPDATE Resilience is the story of the 2018 Santa Barbara area real estate market. With the tragic events to start the year our market outperformed most expectations. Total sales were almost even with 2017, which is a remarkable feat. Beyond the natural disasters, a number of other factors affected affordability. Rising…
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MARKET UPDATE This is always one of our favorite times of year. Things seem to slow down a little, and we get a little extra time with family and friends. We want to tell you how thankful we are for you, your friendship, your business and your continued trust in us. We couldn’t…
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MARKET UPDATE Overall the trends from last month continue (read last months report). As we anticipated, sales slowed in September but only a little. The market is down 7.5% or 12 fewer sales in September 2018 compared to 2017. What continues to surprise us is how active the market continues…
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MARKET UPDATE Overall, our market is active and consistent through a number of changes this year. Sales for the month of August 2018 are up compared to August 2017. Total year to date 2018 sales are down just slightly compared to last year. The changes we see: Inventory is rising modestly. Price…
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MARKET UPDATE On a national level existing home sales slowed for the fourth consecutive month in July, except in the West. In our local market, after the awful events in December and January, which did adversely impact sales in January and February, total sales activity for the year has remained…
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Jan ’18 Highest Sale 940 Via Tranquila 6 BD / 6.5 BA / $5.400.000 Jan ’18 Lowest Home Sale 1114 San Pascual St 3 BD / 2 BA / $660.000
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Dec ’17 Highest Sale 3271 Padaro Ln 6 BD / 7 BA / $21.750.000 Dec ’17 Lowest Home Sale 284 Rosario Park 2 BD / 2 BA / $665.000
Category: Market Update
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