Market Update

Santa Barbara Region

Q1 2023

Residential Property Snapshot

Single Family Homes & Condos | Q1 2023
Med. Sales Price
$1.63m
17% less than in
Q1 2022

Avg. Days On Market
30
30% more than in
Q1 2022

Closed Sales
191
41% fewer than in
Q1 2022

Inventory
105
Data unavailable for
Q1 2022

Sales Price vs. Closed Sales

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
Closed
New
Inventory

Closed Sales by Price

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 2023

Median Sales Price vs. Average Days on Market

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
By Year
By Price

Market Data by Year

Single Family Homes & Condos

  • Single Family Homes
  • Condos

 |  Q1 2023

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'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
-29%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
2%
Closed Sales
-41%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
30%

7 Communities

Communities

Carpinteria

Median
$1.15m
DOM
68
Sales
19
Inv
14

Goleta

Median
$1.21m
DOM
17
Sales
28
Inv
6

Hope Ranch

Median
$5.33m
DOM
67
Sales
9
Inv
6

Montecito

Median
$4.91m
DOM
36
Sales
28
Inv
35

Ojai

Median
$1.28m
DOM
30
Sales
18
Inv
18

Santa Barbara

Median
$1.75m
DOM
29
Sales
94
Inv
50

Summerland

Median
$5.23m
DOM
17
Sales
6
Inv
1

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Data provided by Santa Barbara Association of Realtors. All information is deemed reliable but not guaranteed. Data is based on the closed date as of Mar 31, 2023 end of day. This report was last updated Apr 11, 2023.

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