Santa Barbara Real Estate Market

Housing Market Data For October 2019

A guide to the Santa Barbara real estate market for the month of October 2019

Santa Barbara isn’t immune to the effects of “seasonality”. While Fall doesn’t bring as cool weather as some other parts of the country, life seems to get busier and buying or selling a home can sometimes take the back seat. While there are fewer buyers that tend to shop for homes in the Fall as compared to the Summer, fewer homes also come on the market (which we saw this past month) so home selling economics stay consistent. So, unlike other parts of the country, there is no bad time to buy or sell in Santa Barbara. As an example of this, we are seeing the same median price point from August to today, showing you can still sell a home for the same price as you did in the summer.

For sellers, Zia Group’s proven marketing strategies gave our sellers a distinct advantage last month. In September 2019, the average days on the market for the MLS was 58 days while it took Zia Group only 8 days on average to get our listings into escrow!

For buyers, there is much less competition for your perfect home. This moment in the market can be a perfect time to scoop up your dream home while other buyers are busy with school or preparing for the holidays. As a testament to this, Zia Group’s founder, Daniel Zia, bought (and sold) his primary residence in the Fall.

Every moment in the market offers opportunities. Call our team of experts today to have a complimentary strategy consultation about what is best for you and your family.

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

Single Family Homes for October 2019

Including year over year change

114

New Listings

17% Decreased
101

Sold Listings

22% Increased
604

Homes for sale

0% Change
$1,160,000

Median Sales Price

2% Increased
5.05

Months of Inventory

-
58

Avg Days on market

49% Increased

Condos for October 2019

Including year over year change

45

New Listings

22% Increased
33

Sold Listings

15% Decreased
156

Condos for sale

12% Decreased
$649,500

Median Sales Price

2% Increased
5.05

Months of Inventory

-
48

Avg Days on market

19% Decreased

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