Santa Barbara Real Estate Market Update For July 2020

31 39 Seaview Dr

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.

In this report
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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