Santa Barbara South County Real Estate Market Overview

The total number of residential real estate transactions from January 2017 through April 2017 totals at 517 sales. This number follows a very similar trajectory as 2016 numbers up to this point. In 2016 the total number of transactions from January to April 2016 in Santa Barbara’s South County totaled at 511 – this equates to roughly a one percent increase in total sales from this time last year. As the summer months approach, we should see an overall increase in numbers, following the overall seasonal trends in the past five years. Generally, the winter months experience a slower market with a fewer number of homes coming to market.

The total number of all cash sales in Santa Barbara South County from January through April 2017 was 130 out of 517 total transactions, which is roughly 25%, or 1/4 of the homes sold. The total number of cash transactions in 2016 from January through April was 158 out of 511 total sales – 31% of the total number of sales, which is slightly higher than the current year.

Below is a complete overview of Santa Barbara South County Real Estate for the month of April 2017 . There was a total of 148 sales in the month of April, with an average price of  $1,320,041 and a median price of $960,500. Of the 148 transactions, 69 of which were over 1 million. All sales for the month of April are listed by address and further grouped by community. The graph indicates the homes sold “off market” or not in the Multiple Listing Service, which represents a very small number of the total. The South County condominium sales are designated by the color green and all of the cash transactions are highlighted in blue. For further analysis of median and average price numbers refer to graph below. For a closer look, click on the graph below.