Santa Barbara Real Estate Market

Housing Market Data For February 2020

A guide to the Santa Barbara real estate market for the month of February 2020

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.

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

Single Family Homes for February 2020

Including year over year change

121

New Listings

8% Decrease
78

Sold Listings

10% Increase
428

Homes for sale

12% Decrease
$1,135,000

Median Sales Price

6% Decrease
3.58

Months of Inventory

15% Decrease
91

Avg Days on market

44% Increase

Condos for February 2020

Including year over year change

42

New Listings

5% Decrease
31

Sold Listings

7% Increase
109

Condos for sale

31% Decrease
$650,000

Median Sales Price

9% Decrease
3.58

Months of Inventory

15% Decrease
60

Avg Days on market

21% Decrease

Past Reports

Historical Data for Santa Barbara Housing Market

Did you know?

3 of 5 homes are underinsured by an average of 20 percent

These homeowners don't have enough coverage to protect them if their home is impacted by a fire or another disaster. Worse still, they won’t know it until it’s too late! Call Weiser Agency today to discover if you are underinsured.

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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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