This edition of The Home Page was originally emailed to subscribers on February 23, 2025. To receive Sarah Sinclair's real estate newsletter in your inbox each Sunday, sign up at independent.com/newsletter
There’s been a lot happening in local real estate circles this week. This Tuesday morning, the Santa Barbara Association of Realtors held their annual Real Estate Market Update with presentations providing a review of recent sales and activity, plus a preview with predictions for what may lie ahead. Sound bites from each of our local presenters (as they appear left to right in the photo above) included:
Marsha Kotlyar reported on the luxury market, defined as homes above $5 million. “In January 2025, we had 4 sales over $20 million dollars. We usually see those kinds of numbers in an entire year.” All of those sales were in Montecito. Sounds like 93108 is starting off the year hot, hot, hot! Marsha shared that Montecito was recently named the 5th most expensive market in the country.
