December 2019 Santa Barbara Real Estate Market

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

Contents

    A guide to the Santa Barbara real estate market for December 2019

    Christmas is now behind us and we’re marching on toward the new year. As is to be expected, December was a quiet month in terms of new listings. With 80 new Single Family Homes brought to the market, we saw a 27% decrease from November. In contrast, sold listings actually grew by 16%. Occasionally buyers and sells will mistakenly assume Winter is a bad time to buy or sell a home. In fact, Winter offers various advantages worth noting. First, there will be fewer buyers in competition during the winter months. It’s simple economics—the lower demand will work in your favor. So for the investor looking to find a good deal in the housing market, the winter can be prime time. Furthermore, we tend to see fewer looky-loos due to the colder weather, which leaves the market with a higher percentage of serious buyers. Thinking of buying or selling a home in Santa Barbara? The first step is to meet with a Zia Group agent for your complimentary consultation where we will answer any questions you have.

    Single Family Homes for December 2019

    Including year over year change

    80 New Listings

    27% Decrease

    81 Sold Listings

    16% Increase

    517 Homes for sale

    8% Decrease

    $1,152,500 Avg Sales Price

    3% Increase

    - Months of Inventory

    -

    51 Avg Days on market

    2% Increase

    Condos for December 2019

    Including year over year change

    27 New Listings

    18% Decrease

    29 Sold Listings

    26% Increase

    126 Condos for sale

    26% Decrease

    $650,000 Avg Sales Price

    1% Increase

    - Months of Inventory

    -

    72 Avg Days on market

    80% Increase

    Definition of Terms

    Historical Santa Barbara Housing Reports

    Free Home Valuation