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

Share this:
Mark Danforth Lomas

Recent Posts

Curious California Real Estate Factoids for 2025

 March 19, 2025: Home sales are down in California, and prices are rising, with a…

3 days ago

Southern Santa Barbara Real Estate March Overview

Southern Santa Barbara, stretching from Carpinteria to Gaviota, offers a unique blend of coastal charm…

4 days ago

“Live” Santa Barbara Real Estate Statistics

The southern Santa Barbara's real estate market offers a fascinating glimpse into the dynamic interplay…

2 weeks ago

Southern Santa Barbara Real Estate Insights

In 2024 the southern Santa Barbara real estate market saw a 16% increase in inventory.…

1 month ago

Lights, Camera, Santa Barbara Film Festival!

The 40th Annual Santa Barbara International Film Festival is rolling out the red carpet Tuesday,…

2 months ago

Santa Barbara Real Estate Insights

The Santa Barbara real estate market in 2025 is quite dynamic and continues to attract…

2 months ago