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Real Estate Matters

April 2023 | Issue No. 25

Q1 2023 REVIEW
Let’s take a look at Q1 2023 to get a sense of what’s happening in today’s market. The average and median sales prices for single-family homes in all areas, excluding Montecito and Hope Ranch, were down 16.6% and 8.6% resp...

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January 2023 | Issue No. 22

From a frenzy in the first half of 2022 to an adjusting market in the second half, 2022 was quite the year! Despite multiple interest rate hikes, the local residential real estate market ended the year with impressi...

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October 2022 | Issue No. 19

Q3 2022 REVIEW
In a nutshell, the market is correcting. A combination of rising interest rates, lower net worths for many and uncertainty in the markets are the culprits. With the exception of Montecito, inventory levels remain low across the ...

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