Even With Rising Home Prices, Homeowners Deciding Not To Sell

Even with rising home prices over the past few years, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory, according to findings from the CALIFORNIA ASSOCIATION...

Homeowners Caught In Affordability Squeeze Are Staying Put

Even with rising home prices over the past few years, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory, according to findings from the CALIFORNIA ASSOCIATION...

More on Drones in Real Estate

Market Update The Real Estate market is hot again with a low inventory of homes and condos for sale, low interest rates and hence multiple offers on many properties. There are fewer sales occurring due to the low inventory, so clearly we are in a sellers market. The...

Year-End Update & Drones in Real Estate

For the Santa Barbara MLS South Coast area through Octo- ber 2014: the number of homes sold had dropped 17% but median sold price of $1,160,000 rose 11% from 2013 levels. The condominium market likewise saw a decline in the number of sales of 7% but the median price...

Mid-Year Market Update & Drought Tips

Everyone keeps asking me if the market slowing down? Take a look at the pending sales in the grid below with special note to the days on market (DOM). With a couple of exceptions, most of the properties are selling in less than 10 days! Asking and sale prices are...

Hot Market … So What’s Next???

We all know that the housing market has come roaring back the past 24 months in the greater Santa Barbara area, so the real question is: What happens next? I attended an economic talk last week that covered some 70 charts, graphs, tables, and the like from Zillow, the...

Market Commentary

Dear Homeowner and Investment property owner, here is some“NEWS YOU CAN USE” about our local Real Estate Market: The seller’s market is dominating in “Goleta South” (ocean side of the freeway) as buyers outnumber available properties by a wide margin: Number of...

Short Sale, Bank Owned Houses Vanish

As sales have escalated and prices have risen the past 18 months, distressed properties have declined in number dra- matically. This has factored into the already low inventory of houses and condominiums we are currently seeing on the mar- ket. A quick look at the...

2013 Sales Starting Out Strong Prices Up—Inventory Down

2103 is starting out to be a very busy year for housing sales on the South Coast. We are already seeing higher asking prices, higher closing prices, and continued lack of inven- tory of homes to sell across all price ranges, single family homes and condominiums. The...

2013 California Housing Market Forecast

The California Association of Realtors housing forecast for 2013 as outlined in the article below reflects to a lesser degree what will happen in the Santa Barbara/Goleta area: LOS ANGELES (Oct. 2) – California’s housing market will continue to recover in 2013, as...