Santa Barbara Real Estate Statistical Update – Feb 2019
February 2019 South Coast Snapshot…
79 single family homes sold in February. That is down 5% from last February. 37 condos sold. That is up 32% over last February. Average price for single family homes at $2,198,044. finished up 17%. Median sales price for single family homes at $1,300,000. finished up 1.6%. Average sales price for condos at $751,419. finished flat at 0.2%. Median sales price for condos at $680,000. finished down 8%.
There is 4.19 months of supply on the market.
Average number of days on the market for single family homes is 66 days.
Average number of days on the market for condos is 63 days.
The majority of sales are below $3,000,000.
_______________________________________________________________________________________________________
Year over Year Price Report
Santa Barbara Average Price $1,334,636. +3% Santa Barbara Median Price $1,067,500. -7%
Montecito Average Price $4,506,550. +11% Montecito Median Price $3,325,000. +41% Of 10 sales in Feb 2019, 5 were above $4,000,000.
Hope Ranch Average Price $4,555,500. -4% Hope Ranch Median Price $4,555,500. +21% There were only 2 sales in Hope Ranch in Feb 2019.
Summerland Average Price $1,533,000. Summerland Median Price $1,900,000. There were no sales in Feb 2018 so no % comparison.
Carpinteria Average Price $2,969,867. 232% Carpinteria Median Price $950,000. +49% Oceanfront sale at $18,125,000. in Feb 2019 impacted numbers
Goleta Average Price $938,107. +15% Goleta Median Price $789,500. -4%
CORT data as of February 2019
