Santa Barbara Real Estate Statistical Update – May 6, 2014. The Santa Barbara real estate market continues with a lack of supply of homes for sale in Santa Barbara. The number of homes for sale in Santa Barbara is down 7.8% from this time last year. The number of homes sold in Santa Barbara is down 22.1% over this same time. The median sales price of homes sold in Santa Barbara is $860,000. The Santa Barbara median sales price is up 16.1% over this time last year when the Santa Barbara median sales price was $741,000.
The Montecito real estate market is a similar story. The number of Montecito homes for sale is down 11.6% while the number of Montecito homes sold is down 29.2% year over year. The median sales price in Montecito is $2,665,000. That is up 9.3% over last year when the Montecito median sales price was $2,438,000.
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