December 2019 Santa Barbara Real Estate Market

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

December 2019 Market Update

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.

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South Santa Barbara County Single Family Homes for December 2019

Including year over year change | See definition of terms

80 New Listings

27% Decrease

81 Sold Listings

16% Increase

517 Homes for sale

8% Decrease

$1,152,500 Avg Sales Price

3% Increase

51 Avg Days on market

2% Increase

- Months of Inventory

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South Santa Barbara County Condos for December 2019

Including year over year change | See definition of terms

27 New Listings

18% Decrease

29 Sold Listings

26% Increase

126 Condos for sale

26% Decrease

$650,000 Avg Sales Price

1% Increase

72 Avg Days on market

80% Increase

- Months of Inventory

-

Definition of Terms

Historical Santa Barbara Housing Reports