Click on image above to enlarge. Santa Barbara Market Trends through February 29, 2016. Number of Sales/Closed Transactions by month. Initially it appears we’re following a similar pattern to 2015. This data provided by Fidelity Title Company of Santa Barbara and covers Carpinteria to Goleta (South County of Santa Barbara County)
There was a 24% decrease in the number of Active Listings year to date for January 2016 (317) versus (417) for 2015. In the last three weeks we’ve seen a pick up in new listings which hopefully bodes well for buyers that are frustrated with the lack of inventory. As the inventory increases prices and sales should remain strong although there appears to be some softening in the upper end of the market. Time will tell.