Santa Barbara Real Estate – Quarterly Statistical Update. Santa Barbara real estate sales remain strong. The number of Santa Barbara homes sold is up 17.2% over this time last year. The number of Santa Barbara homes listed for sale is up 7.7% over this time. The median sales price of homes sold in Santa Barbara is $875,000. That is down 1.1% over this time last year when the Santa Barbara median sales price was $885,000.
In the Santa Barbara luxury real estate market segment – defined as homes priced at $5,000,000 and above – the number of Santa Barbara luxury homes sold is up 18.6% year over year. The number of Santa Barbara luxury homes listed for sale is up 14.9% over this time. The median sales price is $7,000,000. That is down 3.4% over this time last year when the Santa Barbara luxury real estate median sales price was $7,250,000.
The number of Montecito homes sold is down 10.6% year over year. The number of Montecito homes listed for sale is up 0.4% over this time. Montecito is in a low supply – high demand environment. The Montecito median sales price is $2,800,000. That is up 3.7% over last year when the Montecito median sales price was $2,700,000.
The Montecito luxury real estate market has been very strong. The number of Montecito luxury homes sold is up 40% year over year. The number of Montecito luxury homes listed for sale is up 29.1% over this time. The Montecito luxury real estate median sales price is $7,000,000. That is down 1.2% from this time last year when the Montecito luxury real estate median sales price was $7,083,000.
Click SANTA BARBARA HOMES FOR SALE to view an up to the minute list of Santa Barbara homes for sale.
Click SANTA BARBARA LUXURY REAL ESTATE to view luxury homes in Santa Barbara and Montecito for sale.
Click SANTA BARBARA DREAM HOME FINDER to receive email updates of new listings and price reductions based on criteria you provide.
To discuss your real estate needs, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
