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