The Santa Barbara South County real estate market shows trends and recent sales data for the Santa Barbara & surrounding areas. According to the average and median price trend data shown below, the overall average price range has stayed very consistent with very little movement since 2015 and starting to climb since last year; the median price level shows a linear increase since 2013, with increases of about $50,000 per year and slightly under $1,000,000. The average price in SB South County is approximately 1.45 million, while the median price is about $990,000.
The total number of sales has slightly dropped for the month of October by about to 15% from 160 to 143 total sales. Based on the models from previous years, we should expect a slight to gradual decline in transactions over the next month as the winter months approach. Last year we saw an increase from October to November, then leveling out with the previous five years in December.
The below graphic shows the specific homes and condos sold in and around the Santa Barbara area, with the cost of each home, and which properties were all cash sales.