Winter 2012 Market Update
We co-operate with agents outside the area and give 30% referral fees. Call us toll free with all your Real Estate and Mortgage needs. (800) 995-5969 or (805) 312-0512

Average Home Price $1,200,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market 90-120 days
Prices As % of Asking Price 85-90%
Market Trend Decreasing
Buyers’ or Sellers’ Market More buyers than sellers
Multiple Offers?No
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Other
Nearest Metro AreaSanta Barbara
Housing Hot SpotsMontecito, Riviera, Hope Ranch, and any ocean view or beachfront home.
Average Sold Price $1,200,000 - View Graph Trend

Santa Barbara Local News


News for Santa Barbara, CA - September 23rd, 2011 9:16pm
Santa Barbara is rebounding and sales although down in price value are up by number of sales. Expectation for next year per the National Association of Realtors is a slight increase in sales and price. Interested call for more details (805)312-0512. Hopefully our economy will continue to improve as this will be the motivation for spending.

News for Santa Barbara, CA - June 28th, 2011 9:04pm
Market is mushy and soggy like a waffle drowned in syrup. But things are moving and it seems like the auctions properties are becoming less and less.

News for Santa Barbara, CA - Saturday March 13th, 2010 7:00pm
Santa Barbara real estate is on the rebound and has certainly found the bottom. Although homes are somewhat sluggish in the 2 million and above range due to loan conditions, we are already seeing the market tighten and some ne higher end loans start to emerge from lenders. If you have been looking to get a home in Santa Barbara at the best time and the best price, now is that time.
Feel free to contact me for further information on todays market.
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Larry Krogh
Larry Krogh
     805-312-0512
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March 2010 (1)


Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Larry Krogh
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Larry Krogh
General Pacific Properties
General Pacific Properties

  805-312-0512




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