Santa Barbara estates for sale, sold in the 1st quarter, continue to defy national trends with strong sales figures for the start of 2008
Santa Barbara estates for sale thus far in 2008 are performing beautifully. The below table for year over year statistics for Santa Barbara properties for sale from $2.5 million and above shows an extremely robust trend for this early year sampling to date. For Santa Barbara properties, mortgage rates are very favorable and yes, lenders are more than happy to lend in this financially stable Santa Barbara estates market segment. It’s unfortunate the national press seldom reports on such positive news.
(figures per Santa Barbara MLS) 1st Q. Santa Barbara, Hope Ranch and Montecito properties sold from $2.5 million
Thus far year to date campared to the same time period last year, sold Santa Barbara Estates and Santa Barbara luxury properties ($2.5 million and above) are up 5% in number sold, up 18% in average sale price, and up 16% in median sale price. Sold Dollar volume for this segment (not shown) is up an a torrid 24%. Percentage of list price to sold price is averaging above 95% for these areas. This is an incredable trend for 08 going forward. We are seeing multiple offers for Santa Barbara estates again in some cases and very strong buyer interest in this segment of Santa Barbara properties for sale.
The Santa Barbara estates and signature property market is one which requires well informed local knowledge that is crucial to successful acquisition and sale of these rare estate properties. Custom searches of Santa Barbara Ocean Front for sale beach, Santa Barbara estates, Montecito properties for sale, Montecito estates, Hope Ranch real estate, Carpinteria beach estates and information, are all available at http://www.RareEstates.com, a fine home sale transaction network, having specialized local resources and knowledge of unadvertised luxury properties and qualified Santa Barbara estates properties investors searching for property acquisition. For exclusive information about privately offered Montecito estates in the Montecito, Santa Barbara estates or Hope Ranch properties marketplace, direct your inquiries here.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
April 9th, 2008 at 11:18 pm
[…] Santa Barbara estates for sale, sold in the 1st quarter, continue to defy national trends with stron… […]
April 10th, 2008 at 11:36 pm
[…] Santa Barbara estates for sale, sold in the 1st quarter, continue to defy national trends with stron… […]
April 18th, 2008 at 10:37 pm
[…] are still apparent. The Santa Barbara estate market is showing no signs of decline or instability. Montecito estates for sale and the Hope Ranch estates market continue to shine as they have for the past several years. The chart below shows the first quarter of 2008 to date as […]
April 19th, 2008 at 9:42 am
[…] the Santa Barbara estates for sale market poised to set yet another banner year for appreciation and stability, this unique addition to the the Montecito estates market […]
April 21st, 2008 at 12:24 am
[…] performance of the South County area, continues stability and strength, especially in the upper end Santa Barbara estates for sale segment of the Santa Barbara real estate market. That strength should continue as the North County also […]
May 12th, 2008 at 11:08 pm
[…] in the last 5 years are now available for sale in the Montecito real estate market palce. With the Santa Barbara estates market and properties above $2 million up 16% in the first quater of 2008, it is strongly felt that this is the best overall opportunity to […]
May 13th, 2008 at 11:00 pm
[…] Barbara real estate market segments have demonstrated similar trends as well, particularly the Santa Barbara estates market above $2.5 million. This is really good news for all market segments as the high end market can have a stimulating […]
June 12th, 2008 at 11:56 pm
[…] Santa Barbara real estate market segments have shown similar trends as well, particularly the Santa Barbara estates market above $2.5 million. This is very good news for all market segments as the high end market can have a […]
June 16th, 2008 at 4:13 pm
[…] price continues to out perform last year, which was also a solid performing year in Santa Barbara. Sales in the above $2.5 million segment remain vibrant, with the average price increasing generously. Recent new Santa Barbara real estate owners […]