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Santa Barbara Real Estate Statistics 2021 was a strong seller's market in southern Santa Barbara. Sales were strong in all areas for single family homes and condominiums.
santa barbara homes for sale The Santa Barbara real estate market trends for 2024 have been admirable. In the first half of the year, there were 625 sales, a 12% increase compared to last year. While single-family detached homes accounted for 446 homes sold, reflecting a 15% increase over the same period as last year, condominiums and townhomes accounted for 179 homes sold, a 7% increase. The average sales price for single-family detached homes rose by 14% to $3,714,928 while the median price rose by 7% to $2,250,000. The average sales price for condominiums decreased by 3% to $1,135,143 and the median price rose 5% to $975,000. In the second quarter of this year, all cash sales made up 42% of all sales, a 2% increase from the same period last year. Inventory supply has picked up. The inventory supply has climbed to its highest level since 2020. Sitting at just over 3 months. Source: Fidelity National Title Company. Click Read More below for charts, graphs, and video
All Eyes Are On Housing Pricing Even though the summer homebuying season is officially here, the housing market is still experiencing a winter chill. The national average 30-year fixed mortgage rate remains elevated compared to last year, hitting a year-to-date high of 6.79% the week ending June 1, according to Freddie Mac. Though the median existing-home sales price edged lower year-over-year for the fourth consecutive month—a promising sign for home shoppers—experts don’t expect substantial, nationwide price declines anytime soon. Click Read more below for the entire post and videos.
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3112 State Street, Santa Barbara, California 93105
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