Santa Barbara Real Estate Market Conditions & Reports, Santa Barbara Market Trends, California

Market Commentary Provided by Larry Krogh
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Report Date

Winter 2010

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Larry Krogh
General Pacific Properties
Santa Barbara, California
805-312-0512
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Nearest Metro Area

Santa Barbara, CA

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$1,200,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

85-90%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Santa Barbara is

Seller Activity for the past 90 days in Santa Barbara is

Is Financing Available For Qualified Buyers in Santa Barbara?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Montecito, Riviera, Hope Ranch, and any ocean view or beachfront home.

Reason to Buy/Sell

Other

Average Sold Price

$1,200,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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