2020 Was An All Time High Record Breaking Year!
Total Revenue +27%
$4,142,544,870. in 2020 vs. $3,043,923,281. in 2019
Single Family Homes Sold +15% ~ 143 in Dec 2020 vs. 123 in Dec 2019
Single Family Median Sales Price +23% ~ $1,563,000. in Dec 2020 vs. $1,274,000. in Dec 2019
Single Family Average Sales Price +33% ~ $2,603,343. in Dec 2020 vs. $1,957,577. in Dec 2019
Single Family Year to Date ~ Homes Sold +14% ~ Median Sales Price +21% ~ Average Sales Price +23%
Condos Sold +69% ~ 88 in Dec 2020 vs. 52 in Dec 2019
Condo Median Sales Price +4% ~ $788,500. in Dec 2020 vs. $755,750. in Dec 2019
Condo Average Sales Price +16% ~ $916,432. in Dec 2020 vs. $787,644. in Dec 2019
Condo Year to Date ~ Condos Sold -2% ~ Median Sales Price +8% ~ Average Sales Price +13%
Inventory
December had a shockingly low 1.61 months of supply. December marks the 14th consecutive month of low inventory.
Pending Sales
There were 161 pending sales in December. Pending sales ranged from a high of 286 in September and a low of 65 in April 2020 due to Covid halting in person showings.
Price Reductions
There were 50 price reductions in December. Price reductions ranged from a high of 127 in July to a low of 52 in April 2020.
Sales Price % to Original List Price
December homes and condos sold at 97.25% of original list price.
Of the 231 sales of homes and condos in December, 143 or 61.9% were above $1,000,000.
Days on Market
75 days for single family homes ~ 74 days for condos
Year over Year Price Report
Santa Barbara Median Sales Price +23% ~ $1,226,000. in Dec 2020 vs. $1,000,000. in Dec 2019
Santa Barbara Average Sales Price +9% ~ $1,437,539. in Dec 2020 vs. $1,323,350. in Dec 2019
Montecito Median Sales Price -9% ~ $2,988,000. in Dec 2020 vs. $3,290,000. in Dec 2019
Montecito Average Sales Price +32% ~ $4,755,452. in Dec 2020 vs. $3,600,840. in Dec 2019
Hope Ranch Median Sales Price +1% ~ $2,767,500. in Dec 2020 vs. $2,745,000. in Dec 2019
Hope Ranch Average Sales Price +5% ~ $3,805,833. in Dec 2020 vs. $3,631,667. in Dec 2019
Summerland Median Sales Price +53% ~ $2,152,000. in Dec 2020 vs. $1,405,000 in Dec 2019
Summerland Average Sales Price -20% ~ $2,123,333. in Dec 2020 vs. $2,650,000. in Dec 2019
Carpinteria Median Sales Price +13% ~ $879,000. in Dec 2020 vs. $775,000. in Dec 2019
Carpinteria Average Sales Price +76% ~ $1,360,660. in Dec 2020 vs. $771,667. in Dec 2019
Goleta Median Sales Price +10% ~ $927,250. in Dec 2020 vs. $845,000. in Dec 2019
Goleta Average Sales Price -6% ~ $977,893. in Dec 2020 vs. $1,045,064. in Dec 2019
Call or text Wendy Gragg at 805.453.3371 for more information.
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Source: CORT INDATA as of January 13, 2021. This includes both off market and MLS data combined.