ANDERSON | HURST | ASSOCIATES // Berkshire Hathaway HomeServices CA Properties
Santa Barbara, CA 93101
Single-Family Homes
ASHLEY ANDERSON: 805.618.8747 | PAUL HURST: 805.680.8216 | Both@AndersonHurst.com | AndersonHurst.com
Santa Barbara, CA 93101
Sat Feb 27 2021
This week the median list price for Santa Barbara, CA 93101 is $1,697,000 with the market action index hovering around 63. This is less than last month's market action index of 66. Inventory has held steady at or around 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $1,697,000 | |
| Per Square Foot | $1,031 | |
| Days on Market | 28 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 8 | |
| Median Rent | $4,250 | |
| Most Expensive | $4,295,000 | |
| Least Expensive | $785,000 | |
| Market Action | 63 | |
| Strong Seller's Market | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,895,000 | 3,380 | 0 - 4,500 sqft | 3 | 3 | 13 | 0 | 1 | 24 |
| $2,074,000 | 2,166 | 0 - 4,500 sqft | 3 | 3 | 101 | 0 | 0 | 539 |
| $1,520,000 | 2,178 | 6,500 - 8,000 sqft | 6 | 3 | 103 | 1 | 0 | 14 |
| $990,000 | 736 | 0 - 4,500 sqft | 3 | 1 | 94 | 0 | 1 | 73 |