November 2025 Market Report

Spann & Associates
11 minutes ago
2 min read

As we approach the end of 2025, South Santa Barbara County’s real estate market continues to demonstrate steady momentum and resilience. Year-to-date sales activity through November reflects a market that has regained confidence after recent volatility, with increased transaction volume and measured price growth across both single-family homes and condominiums.

Total residential sales reached 1,264 year-to-date, representing an 11% increase over 2024. This growth highlights renewed buyer engagement throughout the region and a healthier balance between supply and demand. Single-family homes accounted for 929 of those sales, up 13% year-over-year, while 335 condominium sales marked a 7% increase compared to last year. Together, these numbers point to broad-based market strength rather than growth isolated to one segment.

A Market in Motion

Single-family home prices continue to rise at a sustainable pace. The average year-to-date sales price reached $3,717,834, reflecting a 4% increase from 2024, while the median sales price climbed to $2,357,500, up 7% year-over-year. These figures suggest continued demand for detached homes, particularly in desirable coastal and neighborhood settings, while indicating that price growth has moderated into a more stable, long-term pattern.

The condominium market also posted notable gains, reinforcing its role as an increasingly important entry point into South Santa Barbara County real estate. The average condominium sales price rose to $1,375,457, a 7% increase from last year, while the median price reached $1,098,000, marking a stronger 10% year-over-year gain. This trend reflects sustained interest from first-time buyers, downsizers, and second-home purchasers seeking lower price points relative to single-family homes, without sacrificing location or lifestyle.

What This Means for Buyers and Sellers

Overall, the data through November 2025 paints a picture of a market that is both active and stabilizing. Buyers are re-entering with confidence, sellers are benefiting from continued price appreciation, and both property types are seeing healthy demand. As we head into 2026, South Santa Barbara County appears well positioned for continued, measured growth rather than sharp swings, an encouraging sign for anyone considering a move in the year ahead.

Buyers are navigating a competitive but more predictable market, with opportunities emerging, especially in condominiums and Goleta-area homes.
Sellers continue to benefit from strong pricing, particularly in coastal and luxury neighborhoods, though strategic pricing and presentation remain key.
Investors and second-home buyers are increasingly focused on well-located condos and smaller coastal communities where supply remains limited.

If you’d like to understand how these market trends apply specifically to your home or real estate goals, I’m happy to provide a personalized analysis.

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