October 2019 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 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.

    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 Avg Sales Price

    22% Increased

    5.05 Months of Inventory

    -

    58 Avg Days on market

    0% Change

    Condos for October 2019

    Including year over year change

    45 New Listings

    22% Increased

    33 Sold Listings

    -

    156 Condos for sale

    2% Increased

    $649,500 Avg Sales Price

    49% Increased

    5.05 Months of Inventory

    -

    48 Avg Days on market

    19% Decreased

    Definition of Terms

    Historical Santa Barbara Housing Reports

    Free Home Valuation