The Santa Barbara South County real estate market shows trends and recent sales data for the Santa Barbara & surrounding areas. According to the 29-Year Price Trend shown below, the average price range took a slight decline in 2016, when we started to see a small increase in 2017 & 2018, then a larger increase in the last year. In the past year we have seen approx. a 6.46% increase, or approx. $93,000 increase in average sales prices. The median price levels show a linear increase from 2011 to 2017. Over 2018, there was almost zero change in median price levels, but in the last year there has been slight increase of approx. 1.75% or ~$17,000. The average price in SB South County for March 2019 was approximately 1.522 million, while the median price is currently $1 million.
The total number of sales decreased for the first month of 2019 by about 16.00% from 146 to 121 total sales, continuing a slight decrease for February. We have seen a steady increase in sales throughout the entire summer each year with consistently higher numbers than the rest of the year, besides a minimal decline in July, which is consistent with the recent year to year trends. With the last month sales increase of approx 50% , we should expect a gradual increase of sales transactions through the next few months, and then a consistent rise in sales throughout the end of spring and summer months. Last year we saw the number of home sales reach yearly low during the winter months – with sales starting to increase again in February; this year it has dropped in February, but a steep increase in total sales for March 2019
The below graphic shows the total number of transactions for the month of January 2019. Additionally, the sales are listed by area and address, while being distinguished by being a home or condo. Lastly the list designates whether it was a cash sale, and the few properties that were non-MLS sales.