September in Santa Barbara real estate
Summer is officially over and we’re entering into our Santa Barbara fall season. Take a look at your September 2017 real estate update! In the first week of the month we saw a relatively low number of sales compared to the other weeks in the month. When tracking pending sales in our Village office that 33% of the sales had multiple offers.
We also saw strong pending sales numbers in the second week of the month. It is interesting to note when the amount of new listings is less than or equal to the amount of properties going into escrow that week. This is an indication of a strong market! Something else to note is that almost every week this month sales in the 0-$1 million range were less than half of the sales for the week. Price changes also seemed to become quite the trend in the later weeks of the month.
As we have been for the last few months, 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, with threats of rising – it may be a good time to hop into the market.
Are you interested in selling or buying in 2017, or starting to plan for 2018 – 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.