September 2021 Santa Barbara Real Estate Market

Data supplied from CORT, Santa Barbara Association of Realtors, and Multiple Listings Service

September 2021 Market Update

In August 2020, we saw months of inventory drop below 4 months for the first time in a very long time–an indicator that our seller’s market was gaining momentum. As of August 2021, that number has stayed below 1.61 for a total of 8 consecutive months! Meanwhile, home values have continued to appreciate. Year-to-date, the median sales price for a single-family home in Santa Barbara is up 31% from only a year ago.

And sales prices will likely remain high so long as inventory remains so low. Inventory in August 2021 was just about half of what it had been in August 2020. And the number of sales in August 2021 struggled to keep pace with the sales of August 2020: In single-family home sales, condo sales, and the luxury market, the same or slightly fewer homes sold this year in the month of August compared to last year. What does this mean? Half as many homes are for sale, and buyers are buying nearly every last one of them.

If you are at all curious to know what all these numbers mean for you and your real estate goals, let us know! We’d love to talk with you, whether you are interested in purchasing a home now or in the future, about how you can plan ahead and make strategic decisions to prepare for your home purchase. Or, if you’re a homeowner curious about your home’s current value, or truly considering selling your home, give us a call! We’re here to be your guides, offering the most updated information and proprietary strategies to help you achieve your goals.

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South Santa Barbara County Single Family Homes for September 2021

Including year over year change | See definition of terms

145 New Listings

16% Decrease

151 Sold Listings

0% Change

277 Homes for sale

43% Decrease

$3,023,271 Avg Sales Price

39% Increase

17 Avg Days on market

61% Decrease

1.17 Months of Inventory

68% Decrease

South Santa Barbara County Condos for September 2021

Including year over year change | See definition of terms

57 New Listings

33% Increase

58 Sold Listings

5% Decrease

79 Condos for sale

48% Decrease

$951,511 Avg Sales Price

6% Increase

13 Avg Days on market

69% Decrease

1.17 Months of Inventory

68% Decrease

Montecito & Hope Ranch for September 2021

Including year over year change | See definition of terms

43 New Listings

2% Decrease

40 Sold Listings

9% Decrease

94 Homes for sale

55% Decrease

$6,403,539 Avg Sales Price

75% Increase

23 Avg Days on market

69% Decrease

1.79 Months of Inventory

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Single Family Home Sales Year-to-date

Including annual change | See definition of terms

$3,135,692 Average sold price

54% Increase

$1,900,000 median sold price

31% Increase

$3,182,727,776 sold volume

114% Increase

Condo Sales Year-to-date

Including annual change | See definition of terms

$1,104,457 average sold price

20% Increase

$812,500 median sold price

16% Increase

$385,493,879 sold volume

66% Increase

Definition of Terms

Historical Santa Barbara Housing Reports