Santa Barbara, CA (PRWEB) March 23, 2007
The Santa Barbara real estate market is off to an incredible start in closed sales. According to the Santa Barbara Multiple Listing Service, there have been three oceanfront property sales totaling sixty two million nine hundred thousand dollars. As of yesterday, another oceanfront property in Santa Barbara has just gone into escrow. This Santa Barbara home is listed at ten million dollars. The Santa Barbara oceanfront real estate market has performed very well this year, and the buyer demand for oceanfront real estate is very high, yet there is very little oceanfront property for sale in Santa Barbara. There is currently a total of only six oceanfront listings for sale in Santa Barbara.
There is also strong demand and little supply in the Estate market in Santa Barbara. The Estate market is generally defined as large main residence, guest house, pool, tennis and sprawling acreage. The Estate pricing in Santa Barbara generally begins around ten million dollars.
For more detailed statistical analysis on luxury real estate in Santa Barbara, contact Wendy Elizabeth Gragg at 805.565.0246 or log on to http://www.DistinctiveRealEstateOnline.com
Wendy Elizabeth Gragg