According to the Santa Barbara Multiple Listing Service, in the third quarter of 2016, Santa Barbara saw average sales prices increase 17% from $1,080,000 in 2015 to $1,300,000 in 2016.
However single-family homes sold decreased from 235 in 2015 to 215 in 2016.
In Montecito, the average sales price decreased by 24% from $3,800,000 in 2015 to $2.9 in 2016.
Total single-family homes sold in Goleta decreased 31% from 195 in 2015 to 134 in 2016.
This represents the fewest single-family homes to be sold in Q3 in the past five years.
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