Santa Barbara Real Estate Statistical Update
February 2026
2026 Is Off to a Slow Start
Single Family Homes Sold -7% ~ 71 in Feb 2026 vs. 76 in Feb 2025
Single Family Median Sales Price -26% ~ $1,975,000. in Feb 2026 vs. $2,665,625. in Feb 2025
Single Family Average Sales Price -15% ~ $2,960,214. in Feb 2026 vs. $3,468,485. in Feb 2025
Year to Date – Single Family
Homes Sold -8%
Median Sales Price -24%
Average Sales Price – 26%
Condos Sold +38% ~ 36 in Feb 2026 vs. 26 in Feb 2025
Condo Median Sales Price -23% ~ $1,122,500. in Feb 2026 vs. $1,450,000. in Feb 2025
Condo Average Sales Price -14% ~ $2,960,214. in Feb 2026 vs. $3,468,485. in Feb 2025
Year to Date – Condos
Condos Sold +15%
Median Sales Price -12%
Average Sales Price -20%
Inventory ~ There was 2.99 months of supply in February. There was 3.04 in January.
Pending Sales ~ There were 131 pending sales in February. There was 99 in January.
Price Reductions ~ There were 60 price reductions in February. There was 71 in January.
Sales Price % to Original List Price ~ February homes and condos sold at 95.1% of original list price. Of the 107 sales sold in February, 94.4% were above $1,000,000.
CASH SALES
44% of all sales in February were cash. Year to date, 42% of all sales were cash.
DAYS ON MARKET
38 days for single family homes
31 days for condos
YEAR OVER YEAR PRICE REPORT FOR FEBRUARY
Santa Barbara Median Sales Price -25.5% ~ $1,997,500. in Feb 2026 vs. $2,681,250. in Feb 2025
Santa Barbara Average Sales Price -11.6% ~ $2,543,673. in Jan 2026 vs. $2,874,368. in Feb 2025
Montecito Median Sales Price -31.4% ~ $3,750,000. in Feb 2026 vs. $5,462,500. in Feb 2025
Montecito Average Sales Price -1.9% ~ $5,893,889. in Feb 2026 vs. $6,010,388. in Feb 2025
Hope Ranch Median Sales Price +93% ~ $12,162,500 in Feb 2026 vs. $6,300,000. in Feb 2025
Hope Ranch Average Sales Price +98.7% ~ $12,162,500 in Feb 2026 vs. $6,120,000. in Feb 2025
Summerland Median Sales Price N/A ~ no sales in Feb 2026 or Feb 2025
Summerland Average Sales Price N/A ~ no sales in Feb 2026 or Feb 2025
Carpinteria Median Sales Price +55.7% ~ $2,550,000. in Feb 2026 vs. $1,637,500. in Feb 2025
Carpinteria Average Sales Price +38.8% ~ $2,273,545. in Feb 2026 vs. $1,637,500. in Feb 2025
Goleta Median Sales Price -10.3%% ~ $1,465,000. in Feb 2026 vs. $1,634,500. in Feb 2025
Goleta Average Sales Price -15.7% ~ $1,543,421. in Feb 2026 vs. $1,831,111. in Feb 2025
Source: CORT INDATA as of March 17, 2025. This includes both off market and MLS data combined.
