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 between 2015 and 2016, when we started to see a small increase in 2017 & 2018, then a large increase in the last year. In the past year we have seen approx. a 22.5% increase, or approx. $330,000 increase in average sales prices. The median price levels show a linear increase from 2015 to 2017, with increases of about $50,000+/- per year. Over 2018, there has been almost zero change in median price levels, but in the last year there has been slight increase of approx. 4.4% or ~$43,000. The average price in SB South County for February 2019 was approximately 1.769 million, while the median price is currently $1.025 million.
The total number of sales decreased for the first month of 2019 by about 16.00% from 146 to 121 total sales. We have seen a steady increase in sales throughout the entire summer 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. Throughout the Fall months, the number of sales has decreased; these trends are relatively consistent every year. With the last month sales decrease of approx. 4.3% , we should expect a gradual increase of sales transactions through the next month, and then a consistent rise in sales throughout spring and summer. 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
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.