Tue Jul 14 2020
This week the median list price for Santa Barbara, CA is $2,695,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 267.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,695,000|
|Per Square Foot||$926|
|Days on Market||161|
|Slight Seller's Advantage|
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$7,972,500||6,538||2.5 - 5 acres||5||5||26||1||2||226|
|$3,875,000||3,729||1 - 2.5 acres||4||3||33||3||4||161|
|$2,250,000||2,674||0.25 - 0.5 acre||4||3||54||6||14||140|
|$1,099,000||1,674||6,500 - 8,000 sqft||3||2||56||15||14||116|