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.