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Market Update – South Santa Barbara County

Posted by on Dec 10, 2013 in Real Estate Market | Comments Off on Market Update – South Santa Barbara County

    Santa Barbara’s South County sales totaled at 138 for November 2013. To date, sales are up 9% in 2013 over 2012 and prices continue to appreciate. Now is a great time to sell because inventory is still historically low. For more information on Santa Barbara County’s real estate market, please call us at (805)...

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Market Update ~ October 2013

Posted by on Nov 13, 2013 in Real Estate Market | Comments Off on Market Update ~ October 2013

With such a small amount of inventory in the Santa Barbara and California Real Estate Markets, prices have continued to increase. The average sales price in California thus far in 2013 was $409,000. The California Association of Realtors believes that number will increase to $433,000 in 2014. They also believe the number of sales will increase. The median sales price in Santa Barbara County thus far in 2013 is $937,500. This is an incredible increase from last year’s median sales price of $793,500. The state of California’s sales price rose 28% from last year. The California Association of Realtors believes this number will increase an additional 6% in 2014. The Grubb Campbell Real Estate Group is excited for 2014’s Real Estate market and is hoping inventory levels will increase to accommodate a higher number of sales.  ...

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Top 10 Overlooked Questions

Posted by on Nov 4, 2013 in Real Estate Market | Comments Off on Top 10 Overlooked Questions

The California Association of Realtors reported on the top 10 questions to ask when buying a new home: Where is the seller’s disclosures? Even if you are in love with a home, beware of its flaws. What is the home’s zoning guidelines? This is especially important if you want to make any structural changes to the house. What home inspections are available? To avoid costly problems down the line, get as many types of inspections as you can. Why is this house for sale? This simple question may provide useful insight when writing your offer. Has the property been tested for radon? This is another question that can be a life saver, literally. Are smoke detectors properly installed and located? Make sure you account for this crucial detail. Has this home ever had a mold inspection? If so, looking...

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Market Update – September 2013

Posted by on Sep 9, 2013 in Blog Posts, Real Estate Market | Comments Off on Market Update – September 2013

South County Sales are down one from just last month, however they were up three from last year’s sales in August. Sales spiked to 265 in May of this year, but have continued to stay above 200 throughout the summer months.     Santa Barbara’s North County seems to be slowing down a bit. Sales totaled at 265 in the month of August. This dropped by 12 sales from the previous month’s sales of 277. Sales hit a massive high in August of last year. August of 2012 totaled at 308 sales. While North County sales dropped from last year and last month, they are still quite high considering previous years sales....

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SB Real Estate Market Update – August 2013

Posted by on Aug 15, 2013 in Real Estate Market | Comments Off on 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. 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...

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Mortgage Rate Update

Posted by on Aug 8, 2013 in Real Estate Market | Comments Off on Mortgage Rate Update

          Our friends at Pacific Trust Mortgage have provided this updated market rate sheet. Contact Justin Stearns and Matt Genovese for help in buying your dream home!  ...

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