January 2019 South Coast Snapshot…
Total sales of 86 single family homes are up 39% compared to January 2018. Total sales of 37 condos are up 37%. Please note this compares to the devastating natural disasters.
Average price for single family homes at $2,244,486. is up 35% over last year. Median sales price for single family homes at $1,307,000. is up 9%
Average sales price for condos at $767,959. is up 8% year over year. Median sales price for condos at $749,000. is up 30%.
There is 4.18 months of supply on the market.
Average number of days on the market for single family homes is 65 days.
Average number of days on the market for condos is 60 days.
The majority of sales are below $3,000,000.
YEAR OVER YEAR PRICE REPORT
Santa Barbara Average Price $1,376,482. +14%
Santa Barbara Median Price $970,000. +15%
Montecito Average Price $4,817,136. +52%
Montecito Median Price $2,400,000. -20%
*Montecito Average Price reflects $27,000,000. sale in January 2019 compared to the most expensive sale in January 2018 at $5,200,000.
Hope Ranch Average Price $9,697,000. +128%
Hope Ranch Median Price $9,575,000/ +126%
*Hope Ranch Average and Median Sales Price reflect a $16,438,000. sale and a $14,800,000. sale in January 2019 compared to the most expensive sale in January 2018 of $5,400,000.
Carpinteria Average Price $992,846. +51%
Carpinteria Median Price $940,000. +43%
*Carpinteria Average and Median Price reflect sales that doubled year over year, with higher price points. There were 13 sales in January 2019 compared to 6 sales in January 2018.
Goleta Average Price $897,233. -7%
Goleta Median Price $765,000. -9%
Summerland Average Price $1,745,000. +42%
Summerland Median Price $1,745,000. +42%
*Summerland Average and Median Price reflect one sale in 2019 & one sale in 2018.
For more information, call or text Wendy Gragg 805.453.3371
CORT data as of January 31, 2019