Market Update for November 2019


One of the most asked questions I get is, So how’s the real estate market?

I won’t bore you with all the numbers, I’ll just mention some of the highlights…

So, for the month of November

Total sales were:
83 homes and 40 condos, for a total of 123 properties sold.

The median price for a home was $1,275,000 which is a 19% increase over 2018 and the median price for condos was $665,000 which is 2% more than in 2018.

The average days a property was on the market were 79 for homes and 62 for condos.

Current inventory level is at 3.77 months, which indicates its still a seller’s market

We continue to see’s strong sales across all price points from Goleta to Carpinteria and are still experiencing multiple offers over asking in some cases, which can be the challenge for most homebuyers.

There’s more detailed information regarding November’s report in the link below if you’re interested.

November 2019 Market Report

Posted on December 20, 2019 at 12:53 pm
Robert Watt | Category: Market Report

Market Update for 3rd Quarter 2019

Fall in Santa Barbara is certainly a beautiful season and one of my favorite times of the year.
Real Estate sales typically slow during the fall, however sellers who are realistic, understand the market and how to price and prepare their homes for sale, will have no trouble selling their homes.

The numbers don’t lie, which is a good thing according to the most recent stats.

Some will say the market is slowing, others would agree its better than it appears as it continues to exceed last year’s numbers.

Sales of Single-family home are up 8% over last year with a total of 987
More Condo’s sold with a total of 495 which is 9% over last year at the same time.
Overall, 1,482 residences have sold through the 3rd quarter of 2019 showing an increase of approximately 8% over 2018.

Inventory levels are the challenge as it continues to show increased demand for housing with more home buyers than properties available to purchase.

From Goleta, Santa Barbara, Montecito, Summerland, and Carpinteria where would your dream home be?

For a look at the full report click the link below.

September 2019 Marketing Report

Posted on October 21, 2019 at 4:40 pm
Robert Watt | Category: Blog, Market Report

Real Estate Market Update for August 2019

The real estate market in the Santa Barbara area is alive and well.

We continue to see brisk activity in all price ranges from Carpinteria to Goleta and everything in between, including Montecito and Santa Barbara.

In the month of August, there were a total of 176 single-family homes and condos sold with a year to date (YTD) total of 1326 combined properties.

Also, the median sales price is up approximately 7% over last year from $1,205,000 to $1,292,500.

With that, the number of single-family home sales compared to last year was 827 in 2018 and 883 through August of this year, that’s also a 7% increase.

Now that interest rates are favorable there is always an opportunity to own property.

What does your next home look like?

For a look at the full report click the link below.

August 2019 – SB Village Marketing Report


Posted on September 20, 2019 at 9:59 am
Robert Watt | Category: Blog, Market Report