Your Local Market Report

Santa Barbara, CA

Condos/Townhomes

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Santa Barbara, CA

Mon Nov 11 2019
This week the median list price for Santa Barbara, CA is $1,272,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 70. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Santa Barbara, CA

Mon Nov 11 2019
This week the median list price for Santa Barbara, CA is $1,272,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 70. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Santa Barbara market.
Median List Price $1,272,000
Per Square Foot $824
Days on Market 143
Price Decreased 40%
Price Increased 0%
Relisted 20%
Inventory 70
Median Apartment Rent $3,100
Most Expensive $4,750,000
Least Expensive $549,000
Market Action Index
Slight Seller's Advantage
30

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,495,000 1,753 4,500 - 6,500 sqft 2 2 45 0 1 264
$1,575,000 1,708 0 - 4,500 sqft 2 2 38 1 0 112
$1,125,000 1,516 0 - 4,500 sqft 2 2 30 1 2 106
$654,500 1,146 - 2 1 37 2 4 93