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 ~

4th Quarter 2013

Nationwide

U.S. home prices rose over 12% during the 3rd quarter of 2013 - that is the largest quarterly increase since early 2006. This price gain was driven by a limited supply of homes for sale combined with an increase in sales, as Buyers took advantage of historically low interest rates. Although all major metro areas throughout the country saw prices rise compared to the same period in 2012, the rate of increase in home prices should begin to slow, as higher interest rates reduce Buyer's spending power, and new construction eases supply constraints.

Santa Barbara- South Coast

After about a year and a half of a red-hot Seller's Market along the South Coast, we seem to have settled into a more neutral plateau. Average Sale Price remained almost unchanged at $1,155,501. The Number Sold was also similar to last year at 531 sales. Total Sold Volume declined slightly to $613,571,061. Median Sales Price soared 19%, as the market under $1 million remained very active.

Montecito

After a robust start to 2013, Montecito experienced a typically quiet summer. As inventory levels declined, so did sales. Total Active Listings fell 23% to 260. The Number Sold dropped 9% to 69. Average Sales Price notched down 4% to $2,634,556, while Median Sale Price climbed 11% to $1,902,500.

Birnam Wood

There are currently six Active Listings in Birnam Woof Golf Club, ranging from $2,495,000 to $19,500,000. There are two Pending Sales - both are listed under $2,800,000. There was one sale - 2117 Forge Road sold for $2,575,000. There are many Buyers looking in Birnam Wood, but the small supply of homes for sale is limiting sales activity.

P.S. If you are considering selling, you need a strong agent with precise market knowledge, and superior marketing, advertising, and negotiation skills. Creative marketing, extensive advertising, and good old fashioned hard work get the best results in any market! I have also developed a strong network of top Realtors around the U.S. and Canada- if you need real estate assistance outside our area, I can help you find an experienced agent! Please call me at (805) 565-4896 or email me at danencell@aol.com. All calls will be confidential.


 

Copyright Dan Encell