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A Unique Approach to the Affluent Real Estate Market in Santa Barbara
10+Million Dollar Real Estate Booming in Santa Barbara. Real Estate office does more than buy/sell homes. Affluent clientele can expect VIP concierge services from restaurant and tee time reservations to having their fridge stocked with their favorites in anticipation of their arrival home.
Santa Barbara, CA (PRWEB) October 21, 2006 -- Distinctive Real Estate is the only luxury boutique real estate firm with a focus on serving the affluent clientele with the very best service and representation in Santa Barbara. 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 to restaurant reservations and tee times at golf courses down to filling the refrigerator with all our clients favorites upon their arrival.
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 Barbarba 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.
What does all of this say? The affluent buyers are finding that Santa Barbara’s fantastic quality of life, coupled with its historically limited inventory and low growth philosophy creates a wonderful living environment and perhaps a darn good investment strategy as well.
For more statistical analysis or market data, contact Wendy Elizabeth Gragg, President, Distinctive Real Estate 805.565.0246
www.DistinctiveRealEstateOnline.com
Contact:
Wendy Elizabeth Gragg, President
Distinctive Real Estate
805.565.0246
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