August 2017 – Real Estate Update

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August in Santa Barbara real estate

We’ve made it through the month of August and the numbers are in. Take a look at your August 2017 real estate update! We tend to see our numbers tick down slightly as August rolls around and focus seems to shift toward the upcoming school year. People take their one last hoorah Summer vacation, As we can see from the chart below new listings dropped into the 30’s in the third week – this week also coincides with many schools going into session.

We’ve also seen quite a jump in the number of price changes. Buyers – pay attention to this, it might mean motivated sellers! In the past two weeks, 35 properties came back on the market (after being in escrow), this could also indicate some motivated sellers looking to make a deal.

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It’s a great market to be a part of! We’re still feeling a lack of inventory in the Santa Barbara housing market, this means it’s a great time to sell your home, there’s lots of buyers out there looking for their special place in Santa Barbara. As a buyer, interest rates are still at historic lows, that is pretty exciting too!

Are you interested in selling or buying in 2017 – let us know! We love helping Santa Barbarans accomplish their home dreams.

Statistics taken from the Santa Barbara Multiple Listing Service week by week. Homes, Condos and PUDs – Carpinteria to Goleta.