July 2020 Santa Barbara Real Estate Market

July 2020 Market Update

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.

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South Santa Barbara County Single Family Homes for July 2020

Including annual change | See definition of terms

143 new listings

3% Decrease

108 sold listings

8% Decrease

498 homes for sale

18% Decrease

$1,140,000 median sales price

2% Decrease

58 avg days on market

22% Decrease

4.31 months of inventory

16% Decrease

South Santa Barbara County Condos for July 2020

Including annual change | See definition of terms

68 new listings

70% Increase

33 sold listings

15% Decrease

178 condos for sale

14% Increase

$655,000 median sales price

2% Increase

38 avg days on market

19% Increase

4.31 months of inventory

16% Decrease

Definition of Terms