Local Market Reports August 15, 2021

Santa Barbara Real Estate: July 2021 Market Report

Santa Barbara Real Estate Sales for the month of July 2021, using data straight from MLS as compared YTD to Santa Barbara Real Estate Sales in July 2020.

The Santa Barbara Real Estate Market remains very hot, (e.g., aggressive.) Santa Barbara Real Estate Sales are still increasing, and giving sellers top dollar for their homes. Home values in Santa Barbara ca indicate they are not decreasing (or slowing down) because the median home price in Santa Barbara County (as evidenced below) continues to increase.

Want even more Facts and Figures on the Santa Barbara Real Estate Market?:

For Single Family Homes, the average home price in Santa Barbara is now $3,096,927, and the Median Sales Price is up to $1,927,500.

Total home sales in Santa Barbara are up 48% to a grand total of 1355 (as compared to the Santa Barbara Real Estate Sales in July 2020), 956 of those were single family homes in Santa Barbara, and 399 were condos.

Here is a breakdown by area for Santa Barbara houses for sale:

Notes from Michelle King, Santa Barbara Realtor: Here is the data pertaining to Santa Barbara Houses for Sale, as compared to the Santa Barbara Houses SOLD in 2020, along with some insight on where the market is headed: In July 2020 the median sold price was $1,733,000., whereas the median sold price for 2021 is up to $1,924,000.

Currently, there are 118 houses that have sold, and 146 that are pending. The average price for the 118 Santa Barbara houses for sale is $3,182,872, with the highest price being $17m (945 Lilac Drive) and the lowest at $745,000 (22 Hollister Ranch). The Average Market Time is 20.

Comparing July 2020 to July 2021, Total Active listings are UP 6%, New Listings are UP 3.8%, the number of properties that went into Escrow is up 30%, and best of all, if you don’t get anything out of this report, get this: The MEDIAN LIST PRICE IS UP 35.8 from last year!

If you’d like to get more info on where the market is headed, check out the 5 indicators on where the market is really headed HERE.

Reversing this a bit, here is the comparison of Properties that sold in 2020 vs 2021 are: Total Sold properties are UP 50%, while total sold volume is up 137%. Interestingly enough, the median Sales price for prices that sold year is UP 40% (to $1,389,000) and the median sales price without Hope Ranch & Montecito is up 34.8% at $1,168,500.

About Michelle King, Santa Barbara Realtor:
Michelle King is a Best of Zillow and 5-star  realtor in Santa Barbara, CA. As one of Santa Barbara’s best Realtors, she speaks Spanish and has guided each of her Buyers in acquiring the properties of their dreams, even in this HOT market where multiple offers are often the case.  For more information on a specific property or issue, contact Michelle directly