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 steady increase over the past 2 years. In the past year we have seen approx, a 4.3% increase in average sales prices.  The median price levels show a linear increase from 2013 to 2017, with increases of about $50,000+/- per year. Over the last year, there has been an close to a 1.4% increase in median price levels, or about $13,500. The average price in SB South County is approximately 1.495 million, while the median price is currently $999,500.

The total number of  sales has decreased for the first month of 2018 by about 32.5% from 132 to 89 total sales. Since, we are starting to see the pre-spring increase in sales. Over the last month total sales increased by approx 20% from 89 sales to 111 in the month of February. Based on the models from previous years, we should expect a gradual increase in transactions over the next month as we reach the closer to Spring. Last year we saw the number of home sales drop in December, January, & February – with sales starting to increase drastically in February – This year we are seeing an increase in sales earlier.

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.