Here is a summary of the latest statistics for the Santa Barbara real estate market for March 2013. Over the last several weeks we have seen a definite increase in inventory, especially in the Goleta area. Much of the new inventory has been in the $600,000 to $900,000 range. Buyers are still very active and almost all the inventory is selling off within days to only a few weeks. Prices in general still are on the climb, although it feels a little more stable just in the last few weeks.
Some of our strongest areas (because of lack of inventory) are the San Roque area, The Mesa area and the entry level in Hope Ranch around the $1.3 to $1.8 million mark. Homes that come up in these areas and that are prices at market are almost always seeing multiple offers.