Return to Dan's Home Page
Meet Daniel Encell
Dan's current listings
Services for Buyers & Sellers
Information about the Santa Barbara area
Market information for the Santa Barbara area
Success with Dan Encell
Dan in the Media
Search the Multiple Listing Service
Contact Dan
 

2017 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2016 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2015 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2014 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2013 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2012 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2011 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2010 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2009 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2008 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2007 ARCHIVES

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

2006 ARCHIVES

1st Quarter
2nd Quarter
Economic Forecast
3rd Quarter
4th Quarter

2005 ARCHIVES

1st Quarter
2nd Quarter
Economic Forecast
3rd Quarter
4th Quarter

2004 ARCHIVES
1st Quarter
2nd Quarter
Economic Forecast
3rd Quarter
4th Quarter
2003 ARCHIVES
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
2002 ARCHIVES
COMING SOON
2001 ARCHIVES
COMING SOON
2000 ARCHIVES
1st Quarter
2nd Quarter
2nd Quarter Economic Forecast
1999 ARCHIVES
1st Quarter
2nd Quarter
3rd Quarter
1998 ARCHIVES
1st Quarter
2nd Quarter
Economic Forecast
2nd Quarter Article
3rd Quarter
4th Quarter
1997 ARCHIVES
2nd Quarter
Economic Forecast
3rd Quarter
4th Quarter
1996 ARCHIVES
2nd Quarter
3rd Quarter
1995 ARCHIVES
3rd Quarter

 

Daniel Encell's
Quarterly Real Estate Update
~ Archives ~

Third Quarter, 1996

More good news for local real estate! An analysis of activity for the first 3 quarters of 1996 shows a strong real estate market for the Santa barbara area. For all areas (Santa Barbara, Montecito, Goleta and Carpinteria), the number of sales for 1996 is up 24% compared to 1995 (for the first 3 quarters). In sharp contrast, the number of residential listings for all areas are down 8% compared to 1995.

The strongest segment of the market has been Montecito. The number of sales in 1996 has been up compared with 1995 every single month since February. That trend should continue through the end of 1996. Overall sales in Montecito are up 60%!

It is interesting to note that median sales prices for all areas are down about 2% for 1996. Does this mean that prices are going down despite the increased number of sales and decreased inventory? The answer is no. All it means is there has been an extremely high number of sales of lower priced homes (primarily in Goleta, where sales are up 30%). I feel that prices are increasing in Montecito.

 

Copyright Dan Encell