The Real Estate Scene in Santa Barbara

Santa Barbara, California

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.

Source: Santa Barbara Multiple Listing Service

Mark Danforth Lomas