Santa Barbara Real Estate Statistical Update
July 2025
Inventory Has Increased Every Month this Year
Price Reductions Are Elevated
Single Family Homes Sold +26% ~ 86 in July 2025 vs. 68 in July 2024
Single Family Median Sales Price +20% ~ $2,408,750. in July 2025 vs. $2,000,000. in July 2024
Single Family Average Sales Price +6% ~ $3,976,096 in July 2025 vs. $3,740,100. in July 2024
Year to Date Single Family
Homes Sold +12%
Median Sales Price +10%
Average Sales Price – flat
Condos Sold +43% ~ 34 in July 2025 vs. 24 in July 2024
Condo Median Sales Price -7% ~ $890,850. in July 2025 vs. $954,750. in July 2024
Condo Average Sales Price -17% ~ $1,085,815. in July 2025 vs. $1,314,313. in July 2024
Year to Date Condos
Condos Sold +9%
Median Sales Price +13%
Average Sales Price +20%
Inventory ~ Inventory has increased every month this year. There was 3.87 months of supply in July, 3.72 in June, 3.49 in May, 3.38 in April, 2.95 in March, 2.68 in February and 2.62 in January
Pending Sales ~ The increase in inventory is resulting in an increase in pending sales. There were 127 pending sales in July, 137 in June, 136 in May, 130 in April and March, 107 in February and 118 in January.
Price Reductions ~ Price reductions remain at the high end of the range. There were 119 price reductions in July, 107 in June, 100 in May, 115 in April, 90 in March, 65 in February and 61 in January. Price reductions in 2024 ranged from a low of 38 in February to a high of 98 in October 2024.
Sales Price % to Original List Price ~ July homes and condos sold at 94.1% of original list price. Of the 120 sales sold in July, 104 or 86.7% were above $1,000,000.
YEAR OVER YEAR PRICE REPORT FOR JULY
Santa Barbara Median Sales Price +0.4% ~ $2,090,000. in July 2025 vs. $2,080,750. in July 2024
Santa Barbara Average Sales Price +4.8% ~ $2,350,352. in July 2025 vs. $2,243,095. in July 2024
Montecito Median Sales Price -11.5% ~ $5,175,000. in July 2025 vs. $5,850,000. in July 2024
Montecito Average Sales Price +7% ~ $9,017,090. in July 2025 vs. $8,428,125. in July 2024
Hope Ranch Median Sales Price -54% ~ $6,100,000. in July 2025 vs. $13,250,000. in July 2024
Hope Ranch Average Sales Price -38.5% ~ $8,147,786. in July 2025 vs. $13,250,000. in July 2024
Summerland Median Sales Price -16.8% ~ $2,362,230. in July 2025 vs. $2,841,500. in July 2024
Summerland Average Sales Price -16.8% ~ $2,362,230. in July 2025 vs. $2,841,500. in July 2024
Carpinteria Median Sales Price +11.1% ~ $2,125,500. in July 2025 vs. $1,912,500. in July 2024
Carpinteria Average Sales Price -74.6% ~ $2,743,750. in July 2025 vs. $10,803,475. in July 2024
Goleta Median Sales Price -0.9% ~ $1,580,000. in July 2025 vs. $1,595,000. in July 2024
Goleta Average Sales Price +1.7% ~ $1,784,041. in July 2025 vs. $1,753,970. in July 2024
Source: CORT INDATA as of August 13, 2025. This includes both off market and MLS data combined.