April 2019 Santa Barbara Real Estate Market

Data supplied from CORT, Santa Barbara Association of Realtors, and Multiple Listings Service

April 2019 Market Update

Spring is officially here, bringing with it the typical spark to our local real estate market. True as ever, there’s a growth in inventory yet the median list price and sales price of homes are still softening. What does this mean for you?

As a homeowner, it’s never exciting to see prices softening. This season’s median price decrease, however, is still very minor and simply further evidence of a healthy balancing in the market. There is a market SHIFT occurring though, so if you want to cash out of the market, then call us to find out how to get the most “bang for your buck” selling your home this year.

As a buyer, the increase in mortgage rates in the last quarter of 2018 priced many of you out of a home. With this season’s lower interest rates, lower prices and more homes to choose from, buying a home in Santa Barbara has become far more exciting for local buyers. Want to know how you can take advantage of the balancing market? Or, get inside access to over 150 off market properties? Schedule a strategic planning session with us today!

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South Santa Barbara County Single Family Homes for April 2019

Including year over year change | See definition of terms

150 New Listings

4% Increase

89 Sold Listings

9% Increase

527 Homes for sale

20% Increase

$1,172,500 Avg Sales Price

1% Decrease

51 Avg Days on market

4% Increase

4.63 Months of Inventory

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South Santa Barbara County Condos for April 2019

Including year over year change | See definition of terms

54 New Listings

20% Increase

41 Sold Listings

17% Increase

167 Condos for sale

8% Increase

$777,740 Avg Sales Price

2% Decrease

73 Avg Days on market

1% Increase

4.63 Months of Inventory

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Definition of Terms

Historical Santa Barbara Housing Reports