The Hop
The Hop
Mar 21, 2021
The HOP (Home Ownership Podcast) Episode 41: Santa Barbara Sellers Receive Multiple Offers Over Asking Price
Play • 7 min

With half as many homes available for sale this year as compared to last year, it's definitely a seller's market.  Host, David Charles Allen, reports that a nice home in Goleta had twenty offers and closed for $200,00 over the asking price!  Interest rates have risen to 3.25-3.5% and buyers fear that they'll keep rising, driving even more demand! In order to get into a house, buyers are having to prioritize the one thing they can't live without, while in the past, they would have had a longer checklist.

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