The Santa Barbara South County real estate market shows trends and recent sales data for the Santa Barbara & surrounding areas. According to the 27-Year Price Trend shown below, the overall average price range has stayed very consistent with very little movement since the steep climb between 2012 and 2015, where we saw a slight drop on average prices. In the past year we have seen approx, a 3% increase.  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 5% increase in median price levels, or about $50,000. The average price in SB South County is approximately 1.431 million, while the median price is about $986,000.

The total number of  sales has decreased for the month of December by about 10% from 146 to 132 total sales. Based on the models from previous years, we should expect a slight to gradual decline in transactions over the next two months as we reach the deeper part of Winter. Last year we saw the number of home sales drop in December, January, & February – with sales starting to increase steadily in  late February, early March.

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.