July 2020 Santa Barbara Real Estate Market

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

Contents

    A guide to the Santa Barbara real estate market for 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.

    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 Avg Sales Price

    8% Decrease

    4.31 Months of Inventory

    16% Decrease

    58 Avg Days on market

    18% Decrease

    Condos for July 2020

    Including year over year change

    68 New Listings

    70% Increase

    33 Sold Listings

    16% Decrease

    178 Condos for sale

    2% Decrease

    $655,000 Avg Sales Price

    22% Decrease

    4.31 Months of Inventory

    16% Decrease

    38 Avg Days on market

    19% Increase

    Definition of Terms

    Historical Santa Barbara Housing Reports

    Free Home Valuation