• About
    • The Team
    • About the Area
    • Kind Words
  • Properties
    • Listings & Recent Sales
    • Our Sales History
    • Search
  • Market Update
  • Trust/Probate Sales
  • In The News
  • Blog
  • Contact
(805) 895-4406
DRE# 01463617

Knight Real Estate Group

Knight Real Estate Group

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

market-report-march_2024

market-report-march_2024admin@knightrealestategroup2024-05-02T11:33:15-08:00

Market Report March 2024

Market Report March 2024.

Post navigation

Santa Barbara Real Estate Market Report | March 2024 →

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.

Knight Real Estate Team

Connect

Follow on Instagram

As we reflect on Martin Luther King Jr.’s legacy As we reflect on Martin Luther King Jr.’s legacy of service and community, we’re reminded of the importance of giving back. At Knight Real Estate Group, we are proud to support organizations that make a difference in our Santa Barbara community. In 2024, we were honored to sponsor: 
🤝 Scholarship Foundation’s Community Leaders Luncheon 🏆 South Coast Business & Technology Awards 🌿 The "Beer Garden" at @sbgarden 🍷 Wine & Food Festival for @sbnature 🐦 Planned Parenthood Central Coast’s Birds and Bees Bash These events represent our commitment to education, the environment, health, and innovation—values that reflect our mission to uplift our community. Here’s to continuing this work in 2025 and beyond. 💙 #MLKDay #CommunityInvolvement #KnightRealEstateGroup #Gratitude #GivingBack #Service #SupportLocal #MakingADifference #BHHSCPSantaBarbara #BHHSCalifornia #CoastalLiving #SantaBarbaraRealEstate #MontecitoRealEstate
NEWLY POSITIONED! This move-in ready 5BD|3.5BA hom NEWLY POSITIONED! This move-in ready 5BD|3.5BA home offers nearly 2,700 SF of thoughtfully designed and turn-key living space, boasting exceptional flow from the spacious interiors to a private backyard oasis complete with lush landscaping and serene outdoor spaces. This unique offering is perfect those looking for quality, character, privacy and room for guests and home offices, while still enjoying Santa Barbara’s sought-after coastal lifestyle. 📅 Open House Sunday 1-4 PM 📍 For more details, visit: 1523Portesuello.com Come see why this home is the perfect blend of privacy, location, and Santa Barbara coastal living! Offered for $2,895,000. 🏡✨ #JustListed #SantaBarbaraLiving #BelAirKnolls #OpenHouse #SantaBarbaraRealEstate #CoastalLiving #Views #TurnkeyHome #SantaBarbara #HendrysBeach #ElingsPark #LuxuryLiving #YourNextHome #BHHSRealEstate #BHHSCPSantaBarbara #KnightRealEstateGroup
✨ 2024 Year-End Market Report ✨ Santa Barbara’s real estate market wrapped up 2024 on a high note! Here’s what you need to know: 🏡 Single-Family Homes * Average Price: $3.5M (+10%) * Median Price: $2.17M (+3%) 🏘️ Condos * Average Price: $1.27M (+3%) * Median Price: $995K (+5%) 📊 Total Sales: 1,233 units (+12%) 
💵 41% of all transactions were cash purchases Turn-key homes in desirable locations continued to sell quickly and often above asking, while buyers adjusted to higher financing costs by leaning into cash offers. Looking ahead to 2025, strategic pricing and presentation will remain key for sellers to achieve top results. Ready to discuss your real estate goals? We’re here to help! #KnightRealEstateGroup #SantaBarbaraRealEstate #MarketReport #LuxuryRealEstate #BHHSCalifornia #BHHSRealEstate #BHHSCPSantaBarbara #BHHSCalifornia #RealEstateTrends #SantaBarbaraHomes #SantaBarbaraLuxury #SantaBarbaraLifestyle #SoCalLiving #CoastalRetreat #SouthCoastLuxury #SantaBarbaraRealEstateMarket #SouthCoastLiving #SantaBarbaraCounty
❤️ If you're looking for ways to help those im ❤️ If you're looking for ways to help those impacted by the fires, @sbsouthcoastchamber has shared trusted organizations making a difference: ⁠🔸 @unityshoppesb - Accepting new and gently used items 
🔸 @americanredcross - Providing shelter, food, and health services 
🔸 @directrelief - Delivering targeted aid and N95 respirators 
🔸 @calfund - Supporting long-term recovery efforts for affected communities 
🔸 @cafirefound - Supporting firefighters, fallen heroes, and wildfire victims 
🔸 @losangelesfiredepartment - Equipping LAFD with critical resources like hydration backpacks 
🔸 @pasadenahumane - Assisting animals in need of emergency care 
🔸 @salvationarmyus - Providing food, shelter, and necessities to first responders and victims 
🔸 @launitedway - Supporting low-income individuals affected by the fires 
🔸 @WCKitchen - Delivering meals to first responders and wildfire survivors 💡 Stay prepared locally by signing up for emergency alerts at ReadySBC.org. 🏡 If you or someone you know needs immediate rental housing, Berkshire Hathaway is maintaining a list of available options. DM me for the link. Stay safe, everyone! #KnightRealEstateGroup #BHHSRealEstate #BHHSCPSantaBarbara #SantaBarbaraCares #SantaBarbara #Montecito #CaliforniaStrong #WildfireRelief #Housing #TogetherWeAreStronger #Community
As we look back on 2024, we’re filled with grati As we look back on 2024, we’re filled with gratitude—for our amazing clients and community, dedicated team, and the support of family and friends who made this year so memorable. 2024 was full of change and challenges during a shifting real estate market. Through it all, Knight Real Estate Group delivered. We helped 25 clients achieve their real estate goals, from first-time home purchases to probate sales and multi-family investments, closing the year with just shy of $50 million in transaction volume. To our clients—thank you for trusting us with your real estate journeys. Your success inspires everything we do. Here’s to an even brighter 2025! 🥂🌟 
#Gratitude #YearInReview #KnightRealEstateGroup #BHHSRealEstate #BHHSCPSantaBarbara #BHHSCalifornia #SantaBarbaraRealEstate #MontecitoRealEstate #GoletaRealEstate #SantaBarbaraRealtor #RealEstateGoals #LuxuryLiving #CoastalLiving #RealEstateMarket
Load More Follow on Instagram

Berkshire Hathaway HomeServices California Properties

© 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.

Contact Us

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

kelly@knightrealestategroup.com

3868 State Street
Santa Barbara, CA 93105

Connect

Equal Housing Opportunity

© 2025 Knight Real Estate Group All Rights Reserved. Privacy Policy