ANN ZAFIRATOS
3868 State Street Santa Barbara, CA 93105
Broker-Associate, Certified Relocation Specialist CalBRE# 01355461
805.448.4317
JUNE 2018 REAL ESTATE MARKET REPORT
Interest Rate Rising
azafiratos@bhhscal.com www.AnnZafiratos.com www.DowntownSantaBarbaraHomes.com
Current Activity Map Downtown Santa Barbara At A Glance
YOUR PROPERTY, OUR PRIORITY Follow me on: Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | © 2018
WAITING
DOWNTOWN SANTA BARBARA
CAN COST! HOW DOES WAITING AFFECT THE SALE OF YOUR HOME AS INTEREST RATES RISE? Housing agencies predict that interest rates could reach new highs by the end of 2018, increasing the overall cost to purchase, thus greatly reducing the number of qualified buyers!
www.DowntownSantaBarbaraHomes.com
IF INTEREST RATES RISE FROM 4.44% TO 5.1%...
LOAN AMOUNT
INCREASED COST
$250,000
$35,841
$500,000
$71,682
$750,000
$107,522
$1,000,000
$143,364
Johnathan and Angela-Marie, Call 805.448.4317 to learn how my marketing will attract qualified buyers and allow you to purchase your next home before interest rates increase!
Interest Rate as of March 15th, 2018 was 4.44%, Freddie Mac predicts a 5.1% interest rate by the end of 2019.
PRESENTED BY ANN ZAFIRATOS Your Downtown Santa Barbara Real Estate Specialist
PREPARED ESPECIALLY FOR JOHNATHAN AND ANGELA-MARIE WILLIAMS
Do You Know the TRUE Value of Your Home?
ANN ZAFIRATOS
Broker-Associate, Certified Relocation Specialist CalBRE# 01355461
Receive the most accurate assessment of your home’s value, provided to you as a complimentary service by Ann Zafiratos, your Downtown Santa Barbara real estate specialist.
805.448.4317 azafiratos@bhhscal.com www.AnnZafiratos.com www.DowntownSantaBarbaraHomes.com
www.DowntownSantaBarbaraHomes.com
YOUR PROPERTY, OUR PRIORITY
Johnathan and Angela-Marie, My marketing is representative of the time, effort, and money you have spent in obtaining and maintaining your home. If you are looking to sell, let me help you achieve exceptional results. Call me today at 805.448.4317.
Johnathan and Angela-Marie, Whether you’re looking for an investment property, looking to relocate, upsize, or downsize, I can help achieve your goals. Call me at 805.448.4317.
DOWNTOWN SANTA BARBARA HOMES CURRENTLY LISTED Status Active
Property Type Condominium
Bedrooms 1
Bathrooms 1.0
CURRENT ACTIVITY IN DOWNTOWN SANTA BARBARA
Est. Sq. Ft.* 900
List Price $510,000
Active
Single Family Residence
2
2.0
700
$799,000
Active
Condominium
2
2.0
1,500
$869,000
Active
Condominium
1
1.0
900
$885,500
Active
Single Family Residence
4
2.0
1,700
$895,000
Active
Single Family Residence
2
2.0
1,300
$970,000
Active
Condominium
2
2.0
1,300
$970,000
Active
Condominium
1
2.0
1,100
$1,050,000
Active
Condominium
1
2.0
1,100
$1,050,000
Active
Condominium
1
1.5
1,300
$1,150,000
Active
Single Family Residence
2
2.0
N/A
$1,175,000
Active
Single Family Residence
5
3.0
3,200
$1,950,000
Active
Single Family Residence
4
4.0
N/A
$2,195,000
Active
Pending
Sold
DOWNTOWN SANTA BARBARA HOMES CURRENTLY PENDING There are currently 5 homes pending in Downtown Santa Barbara. For more information on these homes, call me today at 805.448.4317. ©2018 Google
A visual representation of the MLS data on the left.
DOWNTOWN SANTA BARBARA HOMES SOLD IN THE LAST 30 DAYS Status Sold
Address 1816 Chapala Street #3
Property Type Condominium
Bedrooms 2
Bathrooms 1
Est. Sq. Ft.* 900
List Price $615,000
Sold
1727 Bath Street A
Condominium
Sold
1212 Castillo Street
Single Family Residence
Sold
2205 Oak Park Lane
Sold
2631 State Street #1
Sold Price $615,000
Sold Date 05/17/18
2
2
1,000
2
2
N/A
$625,000
$625,000
05/16/18
$779,000
$782,500
05/04/18
Single Family Residence
3
2
1,900
$1,250,000
$1,105,000
05/04/18
Condominium
1
1
1,000
$575,000
$575,000
04/25/18
Monica Funderburk and Berkshire Hathaway HomeServices - California Properties are not in any way affiliated with any Downtown Santa Barbara Home Owners Association, nor is this in any way an official advertisement or publication of Downtown Santa Barbara. ©2018 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the SBMLS for April 25th, 2018 through May 25th, 2018. Listings and sales may not be those of Berkshire Hathaway HomeServices - California Properties. The National Association of Realtors® and SBMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet is rounded down to the nearest hundrfedth.
DOWNTOWN SANTA BARBARA | CURRENT MARKET STATISTICS Average Active List Price Average Sold Price Average Sold Price/Sq. Ft.
$1,112,962 $740,500 $616
5
98 %
25
Total Homes Sold
Avg. SP/LP Ratio
Avg. Days on Market (Solds)