July Sales Are Up

July Sales are up for the Santa Barbara Area Our area has been running about 64-107 sales a month so far this year and July came in at 99 sales we are a little slower than last year July with 132 sales.  Although sales are a bit slower our market is still very healthy.

Over all we have 9 month supply of homes on the market with some areas as low as a 2 month supply and others have a 16 month supply of available homes and the homes that are selling are selling in the 90+% range.  Our area has held its value much better than our neighbors to the North or South making Santa Barbara not only a wonderful place to live and own property but a wonderful place to invest in real estate.  Isn’t the real question where will you be living for the next 5+ years?  If it is this area today presents a fantastic opportunity to buy at great rates for the long term.