February 2020 Market Update
The Santa Barbara real estate market continued to soar in February 2020 with healthy demand from local home buyers. The relative shortage of homes for sale is further highlighting this demand. The greatest variable in February is the growing threat of the Coronavirus in America, and Santa Barbara is not immune to the pandemic. As we examine past pandemics, we find minimal volatility in home prices as compared to the stock market. Thus, we are preparing for a possible decrease in transaction volume during the coming months, but we remain optimistic about the durability of Santa Barbara home values. As always, we recommend connecting with a Zia Group agent to learn how these trends may impact your specific real estate goals today.
Home Values Are Up
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South Santa Barbara County Single Family Homes for February 2020
Including year over year change | See definition of terms
121 New Listings
78 Sold Listings
428 Homes for sale
$1,135,000 Avg Sales Price
91 Avg Days on market
3.58 Months of Inventory
South Santa Barbara County Condos for February 2020
Including year over year change | See definition of terms