Santa Barbara Real Estate Market

Housing Market Data For November 2019

A Guide to Santa Barbara Real Estate Market Trends

Thanksgiving is just around the corner, and Santa Barbara’s weather is beginning to cool. Similarly, the real estate market has continued to cool. Zia Group’s founder, Daniel Zia just returned from a mastermind with Gary Keller, the founder and CEO of Keller Williams. For 2 days, the top 200 teams (out of 180,000) discussed everything from the best marketing practices to market trends across the country. The conclusion? While Santa Barbara is not cooling as significantly as some other markets across the nation, it is not immune to the effects of the shifting market.

Every real estate market is ripe for opportunity if you know where to find it. Many of our savvy investors and sellers have capitalized on this trend by bringing their properties on the market this year at aggressive prices to stimulate activity in a climate that lacks urgency. This lack of urgency can deceptively lull homebuyers and homesellers into a “we will do something next year” mindset. Sadly, this mindset can cause many people to miss the ample opportunities that exist in this current market.

If you are looking to transition from your current home or investment in the coming years, call us immediately! The coming months may present one of the best environments to capitalize on your equity. Homeownership is a balance between affordability and quality of life. Call us to find out how you can secure the right home that meets both of those goals.

Single Family Homes for November 2019

Including year over year change

136

New Listings

4% Decrease
92

Sold Listings

7% Decrease
599

Homes for sale

1% Increase
$1,159,241

Median Sales Price

2% Increase
4.66

Months of Inventory

-
61

Avg Days on market

13% Increase

Condos for November 2019

Including year over year change

35

New Listings

36% Decrease
39

Sold Listings

22% Increase
149

Condos for sale

19% Decrease
$648,000

Median Sales Price

1% Increase
4.66

Months of Inventory

-
25

Avg Days on market

67% Decrease

Past Reports

Historical Data for Santa Barbara Housing Market

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

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.

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  • We'll provide a clear roadmap for success