The statistics here are derived from the Santa Barbara MLS for the Santa Barbara South County districts: Carpinteria, Summerland, Montecito, Santa Barbara, Upper East, Upper and Lower Riviera, the Mesa, Hope Ranch, Goleta, and Gaviota. This data was created and provided by the Santa Barbara Association of Realtors on August 5, 2020. Comparing 2019 to 2020 – Year to Date – Homes and Estates Total Active Listings for 2019: 1,183 2020: 949 Down: 19.8% New Listings Down: 11% Median List Price for 2019: $1,349,000 2020: $1,395,000 Up: 3.4% Properties that went under Contract/into Escrow: 2019: 717 2020: 692 Down: 3.5% Sold Properties: 2019: 657 2020: 575 Down: 12.5% Median Sales Price: 2019: $1,291,000 2020: $1,389,000 Down: 7.6% Comparing 2019 to 2020 – Year to Date – Condominiums & Townhomes Total Active Listings for 2019: 370 2020: 333 Down: 10% New Listings: 351 2020: 345 Down: 1.7% Median List Price: $655,000 2020: $699,000 Up: 6.7% Properties that went under Contract/ into Escrow: 2019: 262 2020: 242 Down: 7.6% Sold Properties: 2019: 259 2020: 189 Down: 27% Median Sold Price: 2019: $649,000 2020: 700,000 Up: 7.9% (This information is deemed reliable but not guaranteed) Despite low inventory, we continue to see more homes going into contract and closing escrow than this time last year. Low supply and high demand is driving prices up. Buyers are relocating here from more urban environments while capitalizing on low interest rates. |
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Thirty-year fixed-rate mortgages continue to hold below 4 percent, often an attractive lure for home buyers and refinancers.
On May 7th, Tyler Hayden reported in the Santa Barbara Independent that the Santa Barbara economy was looking good, but that the rental market was a mess. Here's an excerpt from that article:
In December of 2019 176 homes sold up from 146 in 2018. 21% increase.The highest price sale is 3393 Padaro Lane that sold for $28,000,000 to George Lucas who bought his neighbors home. The median price is $1,274,000 for houses and $755,750 for condominiums. The lowest price sale was 424 Bath Street for $601,000. The average market time was 67 days to accept an offer, and the average continuous market time was 101 days. This data was provided by Fidelity Title Company of southern Santa Barbara.
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