Santa Barbara May 2008 Home Sales – Address and Price List

I have posted a list of the May 2008 South Coast home sales. It is in PDf format and lists the addresses of all sold properties as well as the sold prices. This is a more complete list than is available from MLS as this data is pulled from the county tax records.

To view the Santa Barbara May 2008 Home Sales, click here.

Santa Barbara Real Estate Statistics – May 2008

Some interesting points can derived from these sold and pended statistics. (pended refers to listings where an offer to purchase has been accepted and escrow has been opened.) First, you can see the drop off in both solds and pendeds during the mid to late summer of 2007. This corresponds to the “mortgage meltdown” and the availability of money. Secondly, you can see the upward trend that has been happening since the first of the year (2008). In fact in April of 2008, there was only 1 less pended listing then in April of 2007. Also, if one compares the number of solds in 07 and 08, you can see that we are tracking, but at a reduced percentage.

To view a pdf of the image, click here.

Tips for Navigating Today’s Choppy Real Estate Waters

The Santa Barbara real estate climate remains uncertain. One the one hand, there are many signs that indicate our market is improving: home sales have increased; residential loan activity has increased; property inventory has decreased since its high in late ’07; and the median sales price for South County continues to climb (thanks to robust activity in the $5 million + market). On the other hand, certain segments of the market are experiencing price declines to 2005 and, in some cases, even 2004 levels.

If you are one of the many people looking to take advantage of current market conditions, below are some tips to help you on your way: [Read more]