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Santa Barbara Luxury Property Sales Continue to Set Records Year After Year

http://www.santabarbararealestatevoice.com Posted by kevinschmidtchen 100 days ago

One market that has not been effected by all the negative national news with regards to the credit crisis and sub-prime fallout is the high-end homes and luxury estates in Montecito and Santa Barbara CA, particularly along the coastline.

This high-end real estate market is referred to as property sales in excess of $10 Million.
To illustrate the pace and volume of these sales, I have included some statistics below that show the year over year increase in sales.

2002 reported in the MLS approximately $42 Million in sales
2003 reported in the MLS approximately $65 Million in sales
2004 reported in the MLS approximately $72 Million in sales
2005 reported in the MLS approximately $94 Million in sales
2006 reported in the MLS approximately $219 Million in sales
2007 reported in the MLS approximately $255 Million in sales

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