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Santa Barabara Commercial Real Estate

Commercial Property Valuation

By Rick Longpre on Oct 08, 2013 at 02:32 PM in Santa Barabara Commercial Real Estate

The most common client question is how to establish “market value,” either as a buyer or seller. Commercial properties are not that different from residential properties in that comparable sales are critical to any fair market evaluation.

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Multi-Family Statistics YTD 7-31-13

By Rick Longpre on Jul 31, 2013 at 02:33 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate, Macro Economic News

Total Active Inventory about the same as 2012
Days on Market of Active listings down dramatically from 132 to 69 days
Total Sold YTD up 32%
Median Price up 8.4%

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Santa Barbara New Growth Management Program Adopted

By Rick Longpre on Jun 05, 2013 at 02:36 PM in Santa Barabara Commercial Real Estate, Featured Properties, Investing in Commercial Real Estate, Macro Economic News, Santa Barbara Local News

On March 12, 2013, the City Council unanimously adopted the ordinance and resolution to implement the City’s Nonresidential Growth Management Program.

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