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SB Real Estate Market Update – August 2013

SB Real Estate Market Update – August 2013

Sales are up! According to Santa Barbara’s Real Estate Technology, North County increased by 40 sales in the month of July, from just last year. At 277 closes, July 2013 sales increased by 64, with June of 2013 ending with only 213 sales. As shown in the graph, there was a peak in sales at around this time last year. Top sales of 2012 were reached in August. We believe that we are going to see a similar happening this year because of this fast moving market.

SB South County Sales - August 2013

In Santa Barbara’s South County, sales are exactly the same as July of 2012, with 217 closes. That is up 8 sales from June of 2013. While you can see there was quite a peak at the beginning of the year, we feel that sales are beginning to increase as the year continues. With such a fast pace, the market is in need of properties, in order to suite buyer’s wants and needs.