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Market Watch

Santa Barbara real estate has been the desire and destination for a multi-cultural community for years –  and will continue to be so.  This section is dedicated to providing you with a current status as to what our market is doing and where I think it’s going.  Enjoy!

March 2020 Market Update

In the first quarter of 2020 Santa Barbara saw a 5% increase in a total number of homes sold. An average selling price in Santa Barbara was $1.3 million.

November 2018 Market Update
Beginning with this month we now have available a combined view of the entire Multiple Listing Service statistics in one file (PDF)!  This time last year and into the first of this year we saw inventory to continue to be of concern – strong demand along with fewer available properties.   The attached document shows that real estate continues to remain resilient.

March 2018 Market Update
February 2017 to February 2018 stats show that real estate is remaining strong.   Condominiums increased 11% in their average sale price with single family units not far behind at 8.7%   A 16% increase in single family median prices!  The numbers reflect what buyers and sellers are experiencing – low inventory along with strong demand results in appreciation.  Further details are below.

February 2018 Market Update
February 2017 to February 2018 stats show that real estate is remaining strong.   Condominiums increased 11% in their average sale price with single family units not far behind at 8.7%   A 16% increase in single family median prices!  The numbers reflect what buyers and sellers are experiencing – low inventory along with strong demand results in appreciation.  Further details are below.

December 2017 Market Update
The Santa Barbara market continues to show it’s a very desirous market.  We continue to see over last year that our available inventory continues to shrink thus validating it’s still a sellers market.  In addition, from 2016 to 2017 new listings are down 7.7% indication less current owners are putting their properties on market.    Take a look at the full details below.