ANDERSON | HURST | ASSOCIATES // Berkshire Hathaway HomeServices CA Properties

Santa Barbara, CA 93108

Single-Family Homes

ASHLEY ANDERSON: 805.618.8747 | PAUL HURST: 805.680.8216 | Both@AndersonHurst.com | AndersonHurst.com



Santa Barbara, CA 93108

Tue Mar 02 2021
This week the median list price for Santa Barbara, CA 93108 is $7,452,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 52. Click here to stay informed with the Santa Barbara market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Santa Barbara, CA 93108

Tue Mar 02 2021
This week the median list price for Santa Barbara, CA 93108 is $7,452,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 52. Click here to stay informed with the Santa Barbara market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Santa Barbara market.
Median List Price $7,452,500
Per Square Foot $1,370
Days on Market 81
Price Decreased 13%
Price Increased 6%
Relisted 12%
Inventory 52
Median Rent $26,250
Most Expensive $62,000,000
Least Expensive $1,895,000
Market Action 38
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$20,000,000 9,586 2.5 - 5 acres 6 8 21 0 0 133
$9,250,000 5,042 1 - 2.5 acres 5 5 52 0 2 91
$4,995,000 3,855 1 - 2.5 acres 4 4 30 3 4 28
$2,600,000 3,272 0.5 - 1 acre 3 3 31 2 2 56