$14.8M  
The number of price cuts in the Riviera market climbed to four over the last 30 days, furthering a recent positive trend. Even with the drops in list prices, sales remained the same with one home sold. The median sales price remained unchanged over the latest reporting period for Riviera, coming in at $2,075,000. Riviera is a definite buyer's market, due to a big 11 months of inventory left and aided by the flat sales.
Comments:

$2.5M  
With a median income of $85,230 per household, Riviera is the most affluent neighborhood in Santa Barbara. Also, with a median age of 42, it ranks second in terms of having a young population. It should be noted that at 55.0%, most people own their homes in Riviera. The best school in the neighborhood is Cleveland Elementary School.
Comments:

$14.8M  
Sales retained their current pace and came in at one home sold in the Riviera market over the last 30 days. However, a three-week upward trend for contracts was extended, with two pending transactions in the same time frame. The median sales price remained unchanged over the latest reporting period for Riviera, coming in at $2,075,000. With no movement in sales and the availability of 10 months of inventory, Riviera is a solid buyer's market.
Comments:

$4.5M  
The Riviera market will be getting more crowded, as not only have sales risen this week to one home sold over the last 30 days, but there is a recent upward trend of new listings, with three going live in the same time frame. Riviera is still a strong buyer's market, due to the availability of 13 months of remaining inventory, even after the uptick in sales.
Comments:

$14.8M  
The Riviera market was quiet this week and reported zero home sales over the last 30 days. Riviera usually averages 0.5 sales per month.
Comments:

$1.4M  
Sellers in Riviera weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Riviera usually averages 0.5 sales per month. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks.
Comments:

$2.5M  
The Riviera market was quiet this week and reported zero home sales over the last 30 days. Riviera usually averages 0.5 sales per month.
Comments:

$1.4M  
Sellers in Riviera weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Riviera usually averages 0.5 sales per month. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks.
Comments:

$2.5M  
Riviera is an average-sized neighborhood in Santa Barbara with a population of 9,431 residents, and it has a much lower than average density compared to the rest of the city, with 2,635.3 people per square mile. The Riviera market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Topping the list of best schools in the neighborhood is Cleveland Elementary School.
Comments:

$1.4M  
No deals were completed in the Riviera market over the last 30 days. Riviera usually averages 0.5 sales per month.
Comments:
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