Santa Barbara
Looking back at the last six months the south coast of Santa Barbara, spanning from Goleta to Carpinteria, we’ve not seen inventory this high since October of 2020 when the market was extremely active due to 3% interest rates, work/culture shifts due to the pandemic, and an influx of new buyers to our area. The increased inventory is welcome news to homebuyers.
The median price remains high at $2,250,000 while the average sales price year to date is $3,500,000. The average days on the market is 34 days. Slightly higher than last year’s 28 days. Source: Montecito Journal. The numbers below tell the story.
SANTA BARBARA REAL ESTATE MARKET TRENDS 2018 TO JUNE 2024
SINGLE FAMILY AND CONDOMINIUM 9 YEAR PRICE TRENDS
FORECAST FOR THIS FALL NATIONALLY SOURCE: ALTOS RESEARCH
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