Santa Barbara Real Estate: July 2021 Market Report
Updated: Aug 27, 2021
Santa Barbara Real Estate Sales for the month of July 2021, using data straight from MLS as compared YTD to Santa Barbara Real Estate Sales in July 2020.
The Santa Barbara Real Estate Market remains very hot, (e.g., aggressive.) Santa Barbara Real Estate Sales are still increasing, and giving sellers top dollar for their homes. Home values in Santa Barbara ca indicate they are not decreasing (or slowing down) because the median home price in Santa Barbara County (as evidenced below) continues to increase.
Want even more Facts and Figures on the Santa Barbara Real Estate Market?:
For Single Family Homes, the average home sale price in Santa Barbara (omitting Hope Ranch & Montecito) is now $1,982,421 which is up 40% from $1,412,382 in 2020. The Median Sales Price (again omitting Hope Ranch & Montecito,) is now up to $1,575,000, which is up 34.8% from $1,168,500 in 2020.
Total home sales in Santa Barbara in July 2021 are up 48% to a grand total of 1355 (as compared to the Santa Barbara Real Estate Sales in July 2020), 956 of those were single family homes in Santa Barbara, and 399 were condos.
Here is a breakdown by area for Santa Barbara houses for sale:
Notes from Spann & Associates Realtors Here is the data pertaining to Santa Barbara Houses for Sale, as compared to the Santa Barbara Houses SOLD in 2020, along with some insight on where the market is headed: In July 2020 the median sold price was $1,733,000, whereas the median sold price for 2021 is up to $1,924,000.
For the month of July 2021, there are 118 houses that have sold, and 146 that are pending. The average price for the 118 Santa Barbara houses for sale is $3,182,872, with the highest price being $17m (945 Lilac Drive) and the lowest at $745,000 (22 Hollister Ranch). The Average Market Time is 20 days.
Comparing July 2020 to July 2021, Total Active listings are UP 6%, New Listings are UP 3.8%, the number of properties that went into Escrow is up 30%, and best of all, if you don't get anything out of this report, get this: The MEDIAN LIST PRICE IS UP 35.8 from last year!
If you'd like to get more info on where the market is headed, check out the 5 indicators on where the market is really headed HERE.
Reversing this a bit, here is the comparison of Properties that sold YTD in 2020 vs 2021: Total Sold properties are UP 50%, while Total Sold volume is UP 137% . Interestingly enough, the Median Sales price YTD is UP 40% (to $1,389,000) and the Median Sales price (without Hope Ranch & Montecito) is UP 34.8% at $1,168,500.
Why Spann & Associates? Because who you work with matters! Our strategies yield 15% (or more) over asking price for sellers. For Buyers looking to acquire their dream property, it is common to be in a situation with multiple offers; in spite of such a competitive environment, our Buyers are still able to come through with the winning bid. Check our Property page to see our most recent listings and the data associated with the selling price/winning bids. So there you have it! Contact Spann & Associates, Santa Barbara's best Realtors, for more information on a specific property or issue, we can certainly help.
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