Recent contract pricing and sale pace can sharpen your timing decision
If you are asking whether now is a workable time to list, my answer is yes if your pricing plan is realistic from day one. In Santa Barbara, CA, a typical sale took 26 days over the previous 30 days, so a well-positioned property can move without sitting for months.
The timing case is supported by contract activity, not just hope. Last month, homes moving into contract carried a typical asking price of $2,237,500, and homes already pending showed a typical asking price of $1,995,000. That tells me buyers are still stepping forward in Santa Barbara, CA when the number makes sense. A seller still has to respect the range where deals are being made. Recent offers landed about 97.8% of asking, while the typical closed price was $1,850,000 over the previous 30 days. I would not treat that as a reason to underprice, but I would absolutely use it to avoid a launch that depends on buyers ignoring recent closings. Prepare your pricing case before photos and marketing begin. Compare your home to recent contracts as well as recent closings. Decide in advance how long you will hold your opening price before making an adjustment. If you are considering a purchase after the sale, map that sequence now while the timeline is still yours to control.
About Donald Maycott
Donald Maycott is a licensed Real Estate Professional affiliated with EXP Realty LLC, specializing in the Santa Barbara market. With a focus on strategic marketing and deep local knowledge, Donald Maycott provides clients with expert guidance in navigating complex real estate transactions. View full profile →
