353 Single-Family-Homes are Actively Listed in Santa Barbara, Montecito, and Hope Ranch*

  • Lowest list price:   $580,000
  • Highest list price:  $85,000,000 
  • Average list price: $4,976,391
  • Median list price:   $2,800,000

Of the active homes, 96 are already under contract. This leaves only 257 active homes on the market. Let's break down the available inventory by price range:

  • Homes listed under $1,000,000: 28
  • Homes listed $1,000,001 - $2,000,000: 88
  • Homes listed $2,000,001 - $5,000,000: 105
  • Homes listed over $5,000,000: 90

So, are we in a buyer's market or a seller's market? That depends on your price point! Less than 6 months of inventory is a SELLER'S market, 6 or more months of inventory make a BUYER'S market. 

  • Homes listed under $1,000,000: 2.15 months SELLER'S MARKET (absorption rate: 13 sales/mo, 6 mo. avg). 
  • Homes listed $1,000,001 - $2,000,000: 4.2 months SELLER'S MARKET (absorption rate: 21 sales/mo, 6 mo. avg). 
  • Homes listed $2,000,001 - $5,000,000: 7.5 months BUYER'S MARKET (absorption rate: 14 sales/mo, 6 mo. avg). 
  • Homes listed over $5,000,000: 30 months BUYER'S MARKET (absorption rate: 3 sales/mo, 6 mo. avg). 

Based on the last six months, on average, how long will it take to sell your home in today's market? To find out what your home is worth click HERE

  • Sales prices under $1,000,000: 50 days
  • Sales prices $1,000,000 - $2,000,000: 85 days
  • Sales prices $2,000,001 - $5,000,000: 132 days
  • Sales prices over $5,000,000: 219 days

31 Homes Closed Escrow 

The average sold price was $1,688,273 ranging from $515,000 to $8,350,000. 

34 New Listings Hit the Market 

Below is a list of listings that became active in the last 7 days. 

$3,495,000
5 beds - 5+ Baths

1211 E Valley Rd

Santa Barbara, California

Listing office: Santa Barbara Brokers, Inc.

MLS® ID: 17-3817

$6,300,000
3 beds - 3+ Baths

655 El Bosque Rd

Santa Barbara, California

Listing office: Sotheby's International Realty

MLS® ID: 17-3816

$1,200,000
4 beds - 2+ Baths

5460 Hales Ln

Carpinteria, California

Listing office: Coldwell Banker Residential Brokerage

MLS® ID: 17-3811

$1,295,000
3 beds - 3 Baths

2601 Baseline Ave

Solvang, California

Listing office: Village Properties

MLS® ID: 17-3810