Santa Barbara Real Estate Statistical Update – June 1, 2015. The Santa Barbara real estate market has enjoyed a strong first half of the year. While the Santa Barbara median sales price is essentially flat year over year, the activity is brisk! The Santa Barbara median sales price is currently $865,000. That is up 0.6% over this time last year when the Santa Barbara median sales price was $860,000. The number of Santa Barbara homes sold is up 18.6% year over year. The number of newly listed Santa Barbara homes is up 7.7%.
The Santa Barbara luxury real estate market is also strong. The Santa Barbara luxury median sales price is flat year over year at $7,000,000. The number of Santa Barbara luxury homes sold is up 71.4% year over year. The number of Santa Barbara luxury homes listed for sale is up 34.5% year over year.
The Montecito real estate market has been the strongest segment of the market. There is extremely high buyer demand, and very few Montecito homes listed for sale. The Montecito median sales price currently stands at $2,925,000. That is up 18.7% from last year when the Montecito median sales price was $2,465,000. The number of Montecito homes sold is up 13.4% year over year. The number of newly listed Montecito homes is down 9.6% year over year.
The Montecito luxury real estate market has been very active. The Montecito luxury median sales price is currently $6,845,000. That is down 3.4% over this time last year when the Montecito luxury median sales price was $7,083,000. The number of Montecito luxury homes sold is up an incredible 122.2% year over year. The number of Montecito luxury homes listed for sale is up 48.3% year over year.
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To discuss your real estate needs, call Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
