Santa Home Prices Rising

 

Leadbetter Beach in Santa Barbara

Leadbetter Beach in Santa Barbara

A recent look at the statistics through our Multiple Listing Service show Santa Barbara Home Prices rising over last year. Through August 2013 the year to date median sales price for homes (including those in Planned Unit Developments -PUDs) in the areas of Carpinteria, Summerland, Montecito, Santa Barbara and Goleta is now at $940,000. This is a 17.6% increase over 2012. There have been a total of 884 homes sold in the period from January through August. This price increase is welcome news for would be home sellers as many of them were previously upside down on their mortgaged and now are finally seeing some equity returning. The month of August was busy, busy, busy for the  Santa Barbara real estate market with 120 homes/PUDs selling at a median sales price of $1,104,500. Click here to view homes currently for sale in Santa Barbara. To confidentially discuss your real estate needs please call 805-886-7426.  Watch for an upcoming blog with statistics for the Montecito Real estate market.

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