Santa Barbara Real Estate

"Practicing the Fine Art of Real Estate"

Santa  Barbara  Real  Estate header image 2

Santa Barbara, one of the Top Ten Turnaround Real Estate Markets in 2012

August 19th, 2012 · No Comments · American Riviera, Carpinteria Real Estate, Ennisbrook, Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Property Search, Santa Barbara Real Estate, Santa Barbara Realtors, Summerland Real Estate, The Real Estate Concierge, The Real Estate Scene

As we continue to see signs of a broad real estate market recovery, it’s important to remember that the recovery still varies from market to market.  Anyone still struggling to sell their homes, or with underwater mortgages are well aware that things aren’t better everywhere. But, some of the hardest areas are seeing the fastest turnarounds.  Realtor.com has put together a list of the top 10 turnaround towns in the United States.

The list, which shows the metropolitan areas with the fastest recovering housing markets, is ranked by comparing the year over year change in median prices, and the changes in the median age, and size of inventory:

TOP TURNAROUND TOWNS NUMBER 10 IS SANTA BARBARA!

Santa Barbara ranks number 10 on the list with a  -31% decrease in year over year quarterly for sale inventory and an increase of median list prices of +17% compared to the same time last year.

Santa Barbara’s housing market moved +22% faster in the second quarter of 2012 than the same quarter the previous year.  Santa Barbara generates one foreclosure filing for every 330 homes.  Santa Barbara shows positive signs in new home sales for the spring of 2012 with both increases year over year, and compared to the previous month.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Tags: ····

No Comments so far ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment