Another Good Month For Housing Prices

I was talking to a friend the other day about how rapidly sales in our local real estate market are happening. We have been in a seller’s market for the past four months and the indicators show that we may stay there for awhile. There were record quarterly gains across … Read More

Average Sales Prices Up Due to Supply and Demand

July marks the middle of the high sales season for most markets across the country and Santa Barbara is no exception. We see five homes a day close escrow, each day, from Carpinteria to Goleta for a total of 163 sales closed in July. The Pending sales are reported at … Read More

Your Options May Be Short Sale or Loan Modification

I got a call from a friend, who I will call Jane, the other day. After owning a home for many years, she was laid off a few years back just after refinancing her property for some remodeling. Since Jane has now been out of work for over three years, … Read More

Where Has All The Money Gone?

Here on the South Coast of Santa Barbara County of the loans closed year to date: 85% were conforming or under $625,500; Jumbo loans made up 6.6% of the market; FHA 7% and last but not least VA with 1.2% of the market. Given the fact that the low end, … Read More

Santa Barbara Area Homes Are In Short Supply

We have arrived! Our area inventory is now down to an 86 day supply with only 594 homes on the market. We are officially in a “Seller’s Market.” In a Seller’s Market prices usually begin rising, market pace is fast and there is low inventory. The Realtors I have spoken … Read More

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