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.