Santa Barbara Real Estate Market Report | June 2022
Knight Real Estate Group is pleased to present the June 2022 Market Report by Village Properties for South Santa Barbara County. This month showed a -28% decrease in total sales YTD over 2021, while the median sales price of a single-family home is up 18% YTD.
While statistically the market is strong and inventory remains historically low, new listings are slowly accumulating as pending sales have slowed. As an example, so far in July, 56 homes and condos have gone into escrow. At this same time last year, over 100 properties were pending sale; 2020 was even busier.
Bottom line: Buyer demand is still present, but it is not as aggressive as we’ve seen over the last couple of years. Rapidly rising interest rates, stock market equity decline, and overall market uncertainty have made buyers more cautious. These factors, combined with expected seasonality (we’re seeing A LOT of travel this summer!) have slowed market velocity considerably.
View the full report with more accurate insights than any other Santa Barbara market report thanks to our friends at Fidelity National Title. We hope you find value in the publication and be sure to view recent sales and blog posts when visiting our website. Give us a call if you would like to have a conversation on our local real estate market.
Santa Barbara Real Estate Market Report | May 2022
The May 2022 Market Report by Village Properties for South Santa Barbara County is proudly presented by Knight Real Estate Group. This month showed a -29% decrease in total sales YTD over 2021 due to the limited supply of available homes on the market, while the median sales price of a single-family home is up 13% YTD. If you’re a homeowner looking to capitalize on the current market – now is a very good time to act.
View the full report with insights more accurate than any other Santa Barbara market report thanks to our friends at Fidelity National Title. We hope you find value in the publication and be sure to view recent sales and blog posts when visiting our website. Give us a call if you would like to have a conversation on our local real estate market.
Santa Barbara Real Estate Market Report | April 2022
The April 2022 Market Report by Village Properties for South Santa Barbara County is proudly presented by Knight Real Estate Group. This month showed a -28% decrease in total sales YTD over March 2021 due to the limited supply of available homes on the market, while the median sales price of a single family home is up 21% YTD. If you’re a homeowner looking to capitalize on the current market – now is a very good time to act.
View the full report with insights more accurate than any other Santa Barbara market report thanks to our friends at Fidelity National Title. We hope you find value in the publication and be sure to view recent sales and blog posts when visiting our website. Give us a call if you would like to have a conversation on our local real estate market.
Santa Barbara Real Estate Market Report | March 2022
Knight Real Estate Group is pleased to present the March 2022 Market Report by Village Properties for South Santa Barbara County. Low inventory continues to slow sales and put upward pressure on property prices. This month showed a -23% decrease in total sales YTD over March 2021 and the median sales price of a single-family home is up 17% YTD (over 5% per month).
The full report contains insights more accurate than any other Santa Barbara market report thanks to our friends at Fidelity National Title. Be sure to view recent blog posts and sales when visiting our website. As always, give us a call if you would like to have a conversation on our local real estate market.