The Santa Barbara Groups Real Estate Blog

The Santa Barbara real estate market continues to surprise us an many fronts. We are seeing big discounting on a minority of new listings that tend to pull down the comparables rather fast. We are also seeing random sales that remind us of the unique resilience in our market.

A new listing that stands out as a "new low" for a particular section of the Mesa, is a 3bd/2ba on a 9000 sqft lot listed at $775,000. This is about $100,000 less than what we would expect a home like this would be offer for.

Staying on the Mesa, we were reminded of Santa Barbara's seductive allure when a 3bd/2.5ba home closed at $1,415,000. This was a very cool, completely redone, "green home" with modern architectural style. The lot was 6200 sqft. This home started at $1,535,000, was reduced to $1,449,000, and sold in 73 days.

Another nice sale took place on a hill across the street from Hendry's Beach. This was a 2200 sqft 4bd/3.5ba with ocean views. This home was listed for $1,900,000 and sold for $1,800,000 in just 22 days.