FOR IMMEDIATE RELEASE
March 13, 2007
Contact: Wendy Elizabeth Gragg
805.565.0246

Santa Barbara Luxury Real Estate Off To Strong Start

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 sales totaling sixty two million nine hundred thousand dollars. As of yesterday, another oceanfront property in Santa Barbara has just gone into escrow. This property is listed at ten million dollars. The Santa Barbara oceanfront market has performed very well this year, and the buyer demand for oceanfront is very high, yet there is very little oceanfront 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 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 www.DistinctiveRealEstateOnline.com