Santa Barbara Weekly Market Update (7/8 – 7/15)

Housing Stats for South Santa Barbara County Last Week:

54 – New Listings

27 – Price Changes

42 – Pending Sales (that’s 6 sales/day avg)

48 – Closed Sales

16 – Off the Market

18 – Back on Market

The surge of activity continues, with 42 properties going into escrow last week. The good news is that the pending sales are actually closing, which is noted from the 48 properties that closed escrow. We’re seeing a few more new listings and properties back on the market, which actually isn’t so bad considering the slim inventory we’ve seen most of the summer.

Highest Priced Sale of the Week:

14+ acres on Roble Dr in Hope Ranch sold for $18,101,063

 

Best Buy of the Week:

3095 Eucalyptus Hill RD, listed at $1,895,000 with Village Properties

Updated and classy 3 bedroom and 3 bathroom home on over ¾ acre in Montecito. High-end and quality finishes throughout the home, with a sprawling back yard ideal for entertaining.

 

What To Do in SB this Week:

Check out the California Wine Festival down at Chase Palm Park at the beach. Beachside Food & Wine Fest on Saturday 1-4pm (VIPs 11:30am). Wine tasting on the beach is very Santa Barbara… Get the scoop here.

 

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