Santa Barbara, CA (PRWEB) August 17, 2006
The $10+ million Estate property market in Santa Barbara is booming. We have seen very little new inventory from which affluent buyers might select from. This limited amount of existing Estate inventory, coupled with a limited supply of Estate land options and the difficult and exhaustive process of getting approvals and then building have been the catalyst for the very impressive sales data in the Estate market.
$10+ million Estate Market Revenue
Jan - June 2006 $136 million
2005 $128.8 million
2004 $74.7 million
2003 $64.5 million
2002 $50.3 million
2001 $33.5 million
2000 $16 million
Source: Santa Barbara Multiple Listing Service
Half way through 2006, the $10+ million revenue has already exceeded that of the full year 2005. You can also see from the data that 2000 was the first year in the Santa Barbara Multiple Listing Service to see a sale at $16 million, and the revenue for this real estate segment has increased quite impressively every year since.
In response to the need to serve clientele in this high end boom, Distinctive Real Estate was born. Distinctive Real Estate is the only luxury boutique real estate firm in Santa Barbara with a focus on serving the affluent clientele with the very best service and representation. In addition to the traditional buying and selling, Distinctive Real Estate provides individualized concierge service that provides a wide array of services ranging from Estate Management, Vacation Rental and Interior Design, as well as to restaurant reservations, tee times at golf courses, and hard to get spa appointment down to filling the refrigerator with all our clients favorites upon their arrival.
Wendy Elizabeth Gragg, President
Distinctive Real Estate
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