New Property Pick of the Week

With the holidays over, it’s time to start looking at some of the great deals offered by the current market. Low prices and low interest rates make this a great time to buy a home! We like this new offering in Rancho San Antonio, listed for $1,395,000: newer home constructed in 1991 on over 1 acre in a great school district. If you are interested in seeing this home, please give Kelly Knight a call at 805-895-4406.

Follow this link to see the page:

http://www.flexmls.com/link.html?rdr3r98d9ml,1,1

This link will no longer be available after 2/11/2010.

Santa Barbara county real estate sales are up over 80% in November.

Home sales in our area are up almost 80% over November 2008, according to CORT (Computer Oriented Real Estate Technology), which reports all sales of single family homes in Santa Barbara County. If you have any questions about this information or what it may mean to you, please give Kelly a call at (805) 895-4406.

Some Positive Real Estate News!

California median price rises 5.8 percent in November

According to a report released yesterday by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), home sales in California increased 4.7 percent in November compared with the same period a year ago, while the median price of an existing home rose 5.8 percent. “First-time buyers continued to drive the market in November, as many opened escrow to take advantage of the federal tax credit prior to its original Nov. 30 expiration,” said C.A.R. President Steve Goddard. “The extension and expansion of the tax credit until April 30, 2010, along with low interest rates, should continue to positively impact the market in coming months.”

The median price of an existing, single-family detached home in California during November 2009 was $304,520, a 5.8 percent increase from the revised $287,880 median for November 2008, C.A.R. reported. The November 2009 median price rose 2.4 percent compared with October’s $297,500 median price.
The median home price in California has risen nine consecutive months in month-to-month comparisons, but November marked the first time California’s median home price has risen in year-to-year comparisons since August 2007.