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

  • Lowest list price:   $605,000    
  • Highest list price:  $85,000,000
  • Average list price: $5,003,637
  • Median list price:   $2,895,000

Of the active homes, 106 are already under contract. This leaves only 244 active homes on the market. Let's break down the available inventory by price range:

  • Homes listed under $1,000,000: 24
  • Homes listed $1,000,001 - $2,000,000: 80
  • Homes listed $2,000,001 - $5,000,000: 107
  • Homes listed over $5,000,000: 87

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: 1.8 months SELLER'S MARKET (absorption rate: 13 sales/mo, 6 mo. avg). 
  • Homes listed $1,000,001 - $2,000,000: 3.8 months SELLER'S MARKET (absorption rate: 21 sales/mo, 6 mo. avg). 
  • Homes listed $2,000,001 - $5,000,000: 7.6 months BUYER'S MARKET (absorption rate: 14 sales/mo, 6 mo. avg). 
  • Homes listed over $5,000,000: 29 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: 51 days
  • Sales prices $1,000,000 - $2,000,000: 87 days
  • Sales prices $2,000,001 - $5,000,000: 130 days
  • Sales prices over $5,000,000: 176 days

 18 Homes Closed Escrow 

The average sold price was $1,793,168 ranging from $725,000 to $5,100,000.

27 New Listings Hit the Market

This includes two new Montecito Opportunites by Maureen McDermut! 

2224 E Valley Rd, Santa Barbara, California 93108 | $4,375,000

Exceptional gated and private Mediterranean built in 2001 with mountain views. Grand open ...

Read More

 

1396 Danielson Rd, Santa Barbara, California 93108 | $1,795,000

A delightful surprise awaits behind the gates of this fully fenced and comfortable single ...

Read More

 

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

$2,295,000
3 beds - 3+ Baths

245 Meadowlark Rd

Santa Ynez, California

Listing office: Berkshire Hathaway Homes Services California Properties

MLS® ID: 17-3242

$1,995,000
4 beds - 4 Baths

2040 Dermanak Dr

Solvang, California

Listing office: Berkshire Hathaway Homes Services California Properties

MLS® ID: 17-3241

$2,295,000

3823 Pueblo Ave

Santa Barbara, California

Listing office: Berkshire Hathaway Home Services California Properties

MLS® ID: 17-3240

$695,000
3 beds - 2+ Baths

373 Kendale Rd

Buellton, California

Listing office: Berkshire Hathaway Homes Services California Properties

MLS® ID: 17-3239