The Santa Barbara South County real estate market shows trends and recent sales data for the Santa Barbara & surrounding areas. According to the 28-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, then a large increase in the last year. In the past year we have seen approx. a 20% increase, or approx. $361,000 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 2017, there has been almost zero change in median price levels, but in the last year there has been moderate increase of approx. 8.5% or ~$83,000. The average price in SB South County for January 2019 was approximately 1.8 million, while the median price is currently $1.066 million.
The total number of sales decreased for the first month of 2019 by about 15.75% from 146 to 123 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 2017 trend. 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. 15.75% , we should expect a gradual decline of sales transactions through the next month, and then a consistent rise in sales throughout early 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.
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.