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Goleta, CA

Selling Your Goleta CA. Home in a Slower Market? - 10 Things You Should Consider

Kevin  Schmidtchen - Santa Barbara CA Realtor: Real Estate Agent in Santa Barbara, CA

After the run up in Real Estate from 1998 to early 2007, Goleta sellers find themselves now in a position where they better make their home attractive to buyers if they want to sell. Buyers have choices these days to say the least and most importantly they do not feel rushed.

1. Make a lasting and powerful first impression

Try and make your home memorable in some way. Home buying is an emotional time, with often buyers making true decisions in the first 5 minutes of seeing a home. The curb appeal and front entrance should be inviting and fresh. Your home from the outside needs to invite the buyer into truly wanting to see the rest of the home.

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Further Reading: 5 Ways to Increase the Chances of Selling Your Santa Barbara Home in Today's Market, Is My Realtor a Santa Barbara Neighborhood Specialist in My Area?, 5 Crucial Tips to Have Your Santa Barbara Home Ready For Sale in a Slow Market

For information on Santa Barbara Real Estate, Goleta Real Estate and/or our surrounding areas, as well as any other aspects of life in our area, please don't hesitate to contact Kevin Schmidtchen at Sotheby's Int'l Realty.

Thank you for reading. I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts.

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Can You Believe These Numbers!

Greg Knowles Santa Barbara Ca.: Escrow Company in Santa Barbara, CA
The Cort information for February came in and I can't believe how few properties closed escrow.

The home sales for Carpinteria, Goleta, Santa Barbara, & Montecito combined only hit 87. I have been in this community for about 20 years and I can't remember the number ever being that low.

It isn't unusual for the number of transactions to dip a little from January, which they did, but I just can't get over how low that number has gone.

I feel like I'm in the middle of a good old staring contest. The first person to blink loses. The buyers are staring at the seller expecting them to lower their prices and the sellers are saying I won't go any lower.

Who will blink first?

What I am hearing is that many of the sellers don't need to sell and so if they don't get their price then they will just take their property off the market.

What I'm hearing about buyers is that they are seeing properties they would like to purchase, but they think the prices are going to go lower.

I talked with a stock broker yesterday and the topic of timing the stock market came up and we both agreed it is next to impossible to do. I think the same goes for the real estate market. If buyers are waiting for the prices to decrease, they may just miss the boat on what could be the perfect home for them.

Rates are very good right now, prices have come down and buyers have choices. Sounds like a pretty good environment to me to be buying a home.

Here is how the numbers broke down.

Montecito was the only community to have it's number go up from January. The number of sold properties in Montecito was 17, up from 10 in January.

Santa Barbara saw a small decline in the number of sold properties, going from 41 to 38 in February.

The Goleta area had 26 sold properties down from 31 in January.

Last but not least was the Carpinteria area, going from 10 in January to 6 in February.

I think we will see some increased numbers in March for sold properties. I am basing that on the number of escrows we as a company have opened and are in the process of closing. Time will tell if that increase is going to be significant or not. I'm not expecting it to be, and if it isn't we may see some kind of a small surge towards the end of the year.

See You In Escrow!

Santa Barbara Property Sales For January 2008

Greg Knowles Santa Barbara Ca.: Escrow Company in Santa Barbara, CA

It's a new year and it has started out just where 2007 left off in December.

In the Santa Barbara area there were 92 closed transactions according to C.O.R.T. (Computer Oriented Real Estate Technology) They are a local provider of property information and do a terrific job.

Now back to the numbers, we have had 4 consecutive months of property sales being in 90's. Historically that is a very low number. Seasonally this is the time of year you would expect low numbers.

I'm going to really go out on a limb here and say that we should see some bigger numbers very shortly. Maybe we will climb in to the triple digits in February, but most likely it will be March before that happens.

We have given our chart a bit of a face lift, by adding our escrow officers and marketing representatives information, as well as putting a Santa Barbaraesque photo in the background. You may notice Elissa has been promoted to escrow officer! Congratulations Elissa!

We also have a chart showing the submarkets of Goleta, Montecito, Carpinteria/Summerland, and Santa Barbara as well as information on the North County. Those will be accessible from the links my outside blog www.lawyerstitle.blogspot.com.

See You In Escrow!

Santa Barbara Real Estate Market Update for the Goleta South Real Estate Area - Overall Yearly Sales Statistics for 2007

Kevin  Schmidtchen - Santa Barbara CA Realtor: Real Estate Agent in Santa Barbara, CA

Goleta South Real Estate for January 1, 2007 - December 31st, 2007

I have summarized below an easy to look at brief outline of the overall statistics for the Santa Barbara Real Estate market for the Goleta South area:

  • The total number of single family homes sold was 65. Overall the average sales price in 2007 was at $1,087,269. The average days on the market were 65 in 2007.
  • The total number of condos / townhomes sold was 74. Overall the average sales price in 2007 was at $554,627. The average days on the market were 70 in 2007.
  • The total number of PUDs sold was 9. Overall the average sales price in 2007 was at $1,102,444. The average days on the market were 27 in 2007.

The highest reported sale in the Santa Barbara Real Estate area for the Goleta South area was on Vintage Ranch for $2.595 Million. The lowest reported sale in the Santa Barbara Real Estate area for the Goleta South area was $270,000.

These numbers were broken down into sales for single family homes, condos / townhomes and PUDs (Planned Unit Developments). Please feel free to contact me with any questions that you may have about these statistics, the specific Santa Barbara areas or the market in general for the Santa Barbara Real Estate area.

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Santa Barbara Real Estate Market Update for the Goleta North Real Estate Area - Overall Yearly Sales Statistics for 2007

Kevin  Schmidtchen - Santa Barbara CA Realtor: Real Estate Agent in Santa Barbara, CA

Goleta North Real Estate for January 1, 2007 - December 31st, 2007

I have summarized below an easy to look at brief outline of the overall statistics for the Santa Barbara Real Estate market for the Goleta North area:

  • The total number of single family homes sold was 139. Overall the average sales price in 2007 was at $1,173,843. The average days on the market were 71 in 2007.
  • The total number of condos / townhomes sold was 45. Overall the average sales price in 2007 was at $585,009. The average days on the market were 68 in 2007.
  • The total number of PUDs sold was 12. Overall the average sales price in 2007 was at $961,375. The average days on the market were 99 in 2007.

The highest reported sale in the Santa Barbara Real Estate area for the GoletaNorth area was on Refugio for $8.2 Million. The lowest reported sale in the Santa Barbara Real Estate area for the Goleta North area was $409,750.

These numbers were broken down into sales for single family homes, condos / townhomes and PUDs (Planned Unit Developments). Please feel free to contact me with any questions that you may have about these statistics, the specific Santa Barbara areas or the market in general for the Santa Barbara Real Estate area.

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