Wow! What a difference a year makes. June Property sales for single family homes were 144, up 25.2% from 115 in June of 2011 and 12.2% lower than the 164 sales last month. June 2012 sales were at their highest level compared to June of 2011 and 2010. June YTD 
sales of 720 are running 30.7% ahead of last year's year-todate sales of 551.
The Median Sales Price for single family homes in June was $797,500, down 6.2% from $850,000 in June of 2011 and up 2.5% from $777,938 last month.
The Total Inventory of Properties available for sale as of June was 605, down 1.1% from 612 last month and down 31.6% from 885 in June of last year. June 2012 Inventory was at its lowest level compared with June of 2011 and 2010.
Click the image at right for a pdf of the Santa Barbara Real Estate Market Update for July 2012.
For the Santa Barbara Real Estate Market Video Update, July 2012, please check out our youtube page here.
Also, check out this great article on Santa Barbara Real Estate on Forbes.com, dated earlier this month. It can be found here: Santa Barbara Real Estate: Rebound Riviera.
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