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 9% increase, or $141,631 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 6% increase in median price levels, or about $64,000. The average price in SB South County is approximately 1.572 million, while the median price is currently $1,050,000.

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 111 sales to 140 in the month of March. Based on the models from previous years, we should expect a gradual increase in transactions over the next month as we come  closer to early Summer. 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, with increases so far being by approx 20% per month.

The below graphic shows the 2017 vs 2018 Total # of Transactions, Average Prices, & Median Prices for homes in and around the Montecito area.