Santa Barbara County’s real estate market continues its steady ascent to full recovery. With 2013 in full swing, the market continues to show healthy improvement as sales for January and February exceeded previous years’ numbers for those months, reflecting a 24% increase and 27% increase respectively. As shown in the graph to the right, representing the sales for southern Santa Barbara County, sale numbers for the first two months of the year have been turbulent between 2008 and 2011, however an intriguing trend is developing, as 2012’s explosive increase is being surpassed by the numbers 2013 has yielded.
As we ease into the spring selling season, the Montecito market has seen a dramatic pick up in buyer interest as well as seller motivation. As Santa Barbara’s leading agent team, Riskin Associates had an extremely successful year in 2012 with sales totaling over $220 million, and the team is excited by the prospect of another busy year!