Buyers Are Very Price Sensitive Over Priced Properties Are Seeing Big Discounts Single Family Homes Sold -1% ~ 81 in June 2024 vs. 82 in June 2023 Single Family Median Sales Price -16% ~ $1,995,000. in June 2024 vs. $2,372,500. in June 2023 Single Family Average Sales Price +42% ~ $4,884,338. in June…
50% of Sales in April Were Cash Price Reductions Increased Single Family Homes Sold +21% ~ 87 in Apr 2024 vs. 72 in Apr 2023 Single Family Median Sales Price +12% ~ $2,255,000. in Apr 2024 vs. $2,008,396. in Apr 2023 Single Family Average Sales Price +11% ~ $3,673,446. in Apr 2024 vs. $3,307,654.…
Market Activity is Uneven Some Sell Over Asking ~ Others Sell at Big Discounts Single Family Homes Sold +15% ~ 77 in Mar 2024 vs. 67 in Mar 2023 Single Family Median Sales Price -7% ~ $2,100,000. in Mar 2024 vs. $2,255,000. in Mar 2023 Single Family Average Sales Price -12% ~ $2,864,342. in…
Buyer Activity Is Heating Up Nearly Half of All Sales in February Were Cash Single Family Homes Sold +16% ~ 57 in Feb 2024 vs. 49 in Feb 2023 Single Family Median Sales Price +8% ~ $2,265,000. in Feb 2024 vs. $2,090,000. in Feb 2023 Single Family Average Sales Price +34% ~ $4,226,728.…
Cash Sales Remain Elevated Single Family Homes Sold +13% ~ 59 in Jan 2024 vs. 52 in Jan 2023 Single Family Median Sales Price +36% ~ $2,425,000. in Jan 2024 vs. $1,781,469. in Jan 2023 Single Family Average Sales Price flat ~ $3,200,139. in Jan 2024 vs. $3,215,442. in Jan 2023 Single Family…
Santa Barbara Real Estate Statistical Update ~ December and Year End 2023 Yearly Revenue Slashed Amid Low Inventory and High Interest Rates YEARLY REVENUE $2,881,889,322. in 2023 vs. $3,933,446,977. in 2022 Estates Priced $10 Million and Above Revenue $473,387,709. in 2023 vs. $843,590,888. in 2022 Single Family Homes Sold -12%…
46% of All Sales Were Cash Amid High Interest Rates Single Family Homes Sold -7% ~ 53 in Nov 2023 vs. 57 in Nov 2022 Single Family Median Sales Price +10% ~ $1,900,000. in Nov 2023 vs. $1,725,000. in Nov 2022 Single Family Average Sales Price +36% ~ $3,115,957. in Nov 2023 vs. $2,293,720.…
47% of Sales in September Were Cash Single Family Homes Sold -22% ~ 69 in Sept 2023 vs. 88 in Sept 2022 Single Family Median Sales Price +34% ~ $2,350,000. in Sept 2023 vs. $1,753,000. in Sept 2022 Single Family Average Sales Price +36% ~ $3,880,318. in Sept 2023 vs. $2,856,852. in Sept 2022 …
Interest Rates Hit 7% Range Year to Date, 40% of All Sales Were Cash Single Family Homes Sold -25% ~ 73 in Aug 2023 vs. 97 in Aug 2022 Single Family Median Sales Price -16% ~ $1,910,000. in Aug 2023 vs. $2,272,000. in Aug 2022 Single Family Average Sales Price -19% ~ $2,726,486.…
49% of All Sales in June and July Were Cash Number of Price Reductions Increased Single Family Homes Sold +3% ~ 68 in July 2023 vs. 66 in July 2022 Single Family Median Sales Price +12% ~ $2,100,000. in July 2023 vs. $1,879,500. in July 2022 Single Family Average Sales Price -8% ~…