Santa Barbara Real Estate Market

Housing Market Data For July 2020

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

Welcome to the Santa Barbara and Montecito real estate market update for July 2020! As you have been hearing from Zia Group recently, the Santa Barbara real estate market continues to be extremely active. As of now, most Zia Group listings are generating multiple offers and extraordinary results for home sellers. We are seeing an ever-increasing number of Bay Area residents leave San Francisco for Santa Barbara, and they are bringing more aggressive bidding tactics with them. In an effort to remain competitive, Santa Barbara buyers are responding in-kind, thus further escalating sales prices. These forces have created an extraordinary opportunity for home sellers. If you or anyone you know are having thoughts of selling, this may be an opportune moment. Click below to schedule a no-commitment consultation with us. We are eager to help you achieve your real estate goals.

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

Single Family Homes for July 2020

Including year over year change

143

New Listings

3% Decrease
108

Sold Listings

8% Decrease
498

Homes for sale

18% Decrease
$1,140,000

Median Sales Price

2% Decrease
4.31

Months of Inventory

16% Decrease
58

Avg Days on market

22% Decrease

Condos for July 2020

Including year over year change

68

New Listings

70% Increase
33

Sold Listings

15% Decrease
178

Condos for sale

14% Increase
$655,000

Median Sales Price

2% Increase
4.31

Months of Inventory

16% Decrease
38

Avg Days on market

19% Increase

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.

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