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Santa Barbara Homes Selling Above Asking Price?

June 28th, 2015 · No Comments · Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate

CNN Money June 2015    It’s true what they say: real estate is all about location. In some markets, buyers are getting homes at nearly half off the listing price, while properties in other markets are selling for far above asking.

On average, homes are selling at 82% of asking price nationwide, according to Daren Blomquist, vice president of RealtyTrac. Some areas in California are so hot that homes are going for more than 15% above asking. But in the Tampa, Fla., area, homes are selling for at an estimated 53% below the listing price.

Here’s are the top ten counties across the country rank in terms of sales that go far above asking price, according to RealtyTrac. This data does not reflect Santa Barbara’s two different real estate markets South and North. South is primarily the communities from Carpinteria to Goleta.


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