Santa Barbara Real Estate Market

Housing Market Data For December 2019

A Guide to Santa Barbara Real Estate Market Trends

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

Median 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

Median Sales Price

1% Increase
-

Months of Inventory

-
72

Avg Days on market

80% Increase

Past Reports

Historical Data for Santa Barbara Housing Market

All data supplied from CORT, Santa Barbara Association of Realtors, and Multiple Listing Service

Schedule a Consultation

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.

  • We'll listen to your unique goals for your home
  • We'll answer your questions and provide resources
  • We'll provide a clear roadmap for success