Santa Barbara Real Estate Statistical Update The Santa Barbara real estate market has enjoyed a good year! The number of homes sold in Santa Barbara is up 7.9% while the number of Santa Barbara homes listed for sale is down 0.4% over this same time last year. The median sales price of homes sold in Santa Barbara stands at $773,000. compared with $658,000 at this time last year. That’s a very impressive 17.5% increase year over year.
The Montecito real estate market data is also very impressive. The number of homes sold in Montecito is up 6.2% while the number of Montecito homes listed for sale is down 6.0%. Montecito is experiencing a major shortage of homes for sale relative to the number of Montecito buyers in the market. The median sales price of homes sold in Montecito is $2,350,000 compared with 1,900,000 at this same time last year. Montecito is enjoying an extremely impressive 27% increase year over year.
While these are impressive statistics both Santa Barbara Real Estate and Montecito Real Estate is still well below the height of the market. To view Santa Barbara and Montecito homes for sale click SEARCH PROPERTIES For personalized attention, call or text Wendy Gragg at 805.453.3371 or send an email to WGragg@DistinctiveRealEstateOnline.com
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