Erin Beck

(805) 708-0446

Karen Spechler

(805) 563-4074

Santa Barbara South Coast Year End Update 2018

Santa Barbara South Coast Year End Update 2018

Happy New Year to you all!

I am overjoyed to announce a new partnership that has slowly been forming over the past year. It is my honor to announce Spechler & Beck Real Estate! I will be partnering with Erin Beck of Berkshire Hathaway. Erin has been successfully selling real estate in our Santa Barbara communities for 15 years and has been a top producer. Back in 2017, Erin and I worked together on a transaction and I was SO impressed with her that soon after I asked if she would consider being my partner. I had been keeping my eye open for someone. After testing the waters for many months, we found that we are very compatible with high standards and dedication to our clients, as well as a strong drive and work ethic. As you know, a team ALWAYS out-services an individual so this is a winning situation for you, our clients. We will still have the power of Berkshire Hathaway behind us and together, we will work to help you achieve your 2019 and beyond real estate goals. Thank you for trusting us with your business and we both look forward to working with you, and anyone else you know who could use our services.

As for the current market it was a much slower fourth quarter than the rest of the year. Some of that was a bump in interest rates and some was the typical Holiday slow down. Properties were sitting longer on the market and had to be priced well to get any showings. Some buyers got spooked by the stock market as they saw their down payments shrink. This is actually the best time to invest in Real Estate which is much less volatile than the stock market. As of the time I am writing this there seems to be a healthy burst of activity happening so folks are waking up from the Holiday fog and getting back to real estate.

We wish you and your family a healthy, happy, and successful start of 2019.

HOMES & PUDS
2018 2017 2016 DIFF%
Active Listings 1445 1406 1423 +2.8%
Total Sales 1084 1179 1115 -8.1%
Median Sales Price $1222000 $1250000 $1149000 -2.4%
CONDOMINIUMS
2018 2017 2016 DIFF%
Active Listings 559 476 552 +17.4%
Total Sales 430 426 423 +1%
Median Sales Price $650000 $630500 $603000 +3.1%

Karen Spechler
Broker

(805) 563-4074
[email protected]
www.karenspechler.com
DRE License 00552664

Erin Beck
Realtor

(805) 708-0446
[email protected]
www.erinbeck.com
DRE License 01488548

 

 

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