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(805) 895-4406
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Knight Real Estate Group

Knight Real Estate Group

  • About
    • The Team
    • About the Area
    • Kind Words
  • Properties
    • Listings & Recent Sales
    • Search
  • Market Update
  • Trust/Probate Sales
  • In The News
  • Blog
  • Contact

Santa Barbara Real Estate Market Report | May 2026

Santa Barbara Real Estate Market Report | May 2026admin@knightrealestategroup2026-06-30T08:38:21-08:00

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← Santa Barbara Real Estate Market Report | Q2 2026 Overview + June Market Recap
Santa Barbara Real Estate Market Report | April 2026 →

About The Group

Knight Real Estate Group brings outstanding client advocacy, true professionalism and unsurpassed knowledge of the field of real estate to all aspects of the buying and selling process in Santa Barbara, Montecito and Hope Ranch.

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SOLD | ⭐⭐⭐⭐⭐ Not every home search starts with a n SOLD | ⭐⭐⭐⭐⭐ Not every home search starts with a new listing hitting the market. When our client had a specific vision, Gabe @grandcolas.real.estate didn't wait for the perfect home to appear. He leveraged his local relationships to uncover an off-market opportunity that checked every box. From there, he negotiated a successful purchase, coordinated repairs during escrow, navigated an occupied property, and guided the transaction through a smooth closing. But for us, the best part isn't the closing. It's knowing our client felt supported, informed, and cared for every step of the way. Congratulations, Gabe, on another well-earned five-star review and another happy client! 6578 Calle Koral, Goleta 3 Bed | 2.5 Bath | Approx. 1,946 SF Buyer Representation | Sold for $1,445,000 #KnightRealEstateGroup #GoletaRealEstate #SantaBarbaraRealEstate #OffMarketHomes #BuyerRepresentation #BHHSCalifornia #BHHSCPSantaBarbara
Every year, the South Coast Business & Technology Every year, the South Coast Business & Technology Awards reminds me what makes Santa Barbara such a special place. Our business community doesn't just celebrate innovation and leadership; it invests in the next generation. Knight Real Estate Group was proud to sponsor this year's event, and I was honored to serve on the Event Committee. Together, our community raised a record-breaking $361,050 to support scholarships for local students, marking the fourth consecutive year of record proceeds. Thank you to everyone who joined us at our table and to the volunteers, sponsors, and @sbscholarship team who make this extraordinary evening possible each year. Congratulations to this year's honorees, and thank you for helping make our community stronger. #KnightRealEstateGroup #ScholarshipFoundation #SantaBarbara #SouthCoastBusinessAndTechnologyAwards #CommunityLeadership #BusinessLeadership #GivingBack #BHHSCPSantaBarbara #BHHSCalifornia #SantaBarbaraBusiness
LISTED | Upper San Roque Some homes simply feel ri LISTED | Upper San Roque Some homes simply feel right. Set on approximately 1.4 private acres in one of Santa Barbara's most sought-after neighborhoods, this beautifully maintained residence was designed to embrace its spectacular setting. Unobstructed ocean, island, mountain, and city views fill the home, while expansive gathering spaces, walls of glass, and seamless indoor-outdoor living create an effortless backdrop for both everyday life and entertaining. Outside, you'll find generous lawns, beautifully landscaped gardens, and multiple patios that invite you to slow down and enjoy the view. With six bedrooms, including a versatile guest suite, abundant storage, and significant structural upgrades, this is a home that offers both beauty and peace of mind. Schedule your private showing today. 407 Northridge Road
6 Bed | 4 Bath 3,336± Sq.Ft. | 1.4± Acres Offered at $3,295,000 #UpperSanRoque #SantaBarbaraRealEstate #SantaBarbaraHomes #JustListed #LuxuryHomes #OceanView #MountainView #KnightRealEstateGroup #BHHSCPSantaBarbara
SOLD | SERENA PARK Another successful buyer repre SOLD | SERENA PARK Another successful buyer representation in one of Carpinteria's most sought-after neighborhoods, just moments from the Santa Barbara Polo Fields and local beaches. In a competitive multiple-offer situation, our clients secured this exceptional 3,294 sq.ft. home with a carefully crafted strategy that stood out where it mattered most. A strong cash offer, a 12-day closing, and a streamlined due diligence period helped position them for success. Every transaction is different. Understanding the seller's priorities, anticipating potential hurdles, and structuring the right offer can make all the difference. Congratulations to our clients on their beautiful new home. It was an honor to help them achieve this exciting milestone. 176 Toro Canyon Rd. | Sold for $3,210,000 #MontecitoRealEstate #CarpinteriaRealEstate #SantaBarbaraRealEstate #BuyerRepresentation #LuxuryRealEstate #MontecitoHomes #KnightRealEstateGroup #BHHSCPSantaBarbara
MAY MARKET UPDATE | Looking Beyond the Headlines MAY MARKET UPDATE | Looking Beyond the Headlines May's numbers tell an encouraging story, but not necessarily the one the headlines suggest. South Santa Barbara County home sales increased 7% year over year, with single-family sales up 16%. While average prices also moved higher, much of that increase was driven by luxury sales in Montecito, reminding us that a handful of high-end transactions can significantly influence regional statistics. The broader market continues to reward homes that are thoughtfully prepared, strategically priced, and presented exceptionally well. A few takeaways from May: • Total sales up 7% • Single-family sales up 16% • Nearly half of all transactions were cash purchases • Inventory continues to normalize, giving buyers more choices while creating greater competition among sellers One trend we're watching closely: some homes purchased near the peak of the market are now selling below owners' expectations. Today's buyers are discerning and value-driven, making pricing strategy more important than ever. The takeaway? This isn't a market that's slowing. It's a market that's becoming more balanced, rewarding preparation, presentation, and local expertise. If you're wondering how these trends affect your home's value or your buying plans, we'd be happy to share our perspective. #SantaBarbaraRealEstate #MontecitoRealEstate #SantaBarbaraHomes #HousingMarket #RealEstateMarketUpdate #LuxuryRealEstate #SantaBarbaraLifestyle #KnightRealEstateGroup #BHHSCPSantaBarbara
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© Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

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Direct: (805) 895-4406
Office: (805) 687-2666

kelly@knightrealestategroup.com

3868 State Street
Santa Barbara, CA 93105

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