Santa Barbara Properties for sale from $1.5 million show strong 1st 3rd of 2008

April 29th, 2008 Stephen Downarowicz Posted in Santa Barbara Properties Market outlook |

Santa Barbara properties for sale in single family homes thus far in 2008 are performing beautifully. The below table for year over year statistics for Santa Barbara properties for sale from $1.5 million and above shows an extremely strong and stable trend for this 1st 3rd of the 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 market segment. It’s good real estate market news seldom reported upon.

(figures per Santa Barbara MLS) Jan 1 to April 29, 2008 Santa Barbara, Hope Ranch and Montecito properties sold from $1.5 million

 

Thus far year to date campared to the same time frame last year, sold Santa Barbara properties ($1.5 million and above) are up 15% in average sale price, and up 16% in median sale price. Sold Dollar volume for this segment is down 10% due to a slow year start from financial market turmoil, which seems to have settled. Percentage of list price to sold price is averaging above 96% as opposed to 94% last year for these areas. This is a solid trend for 08 going forward. We are seeing multiple offers for well priced Santa Barbara properties again in some cases and very strong buyer interest in this segment of Santa Barbara properties for sale. 

The Santa Barbara properties, Montecito estates, 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 properties on the beach, Santa Barbara estates, Montecito properties for sale, Montecito estates, Hope Ranch real estate, Carpinteria beach estates information and anaylsis of Santa Barbara CA homes for sale,is 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 comprehensive analysis and information about Santa Barbara ocean front for sale, privately offered Montecito estates in the Montecito, Santa Barbara estates or the Hope Ranch properties marketplace, direct your inquiries here.

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