Santa Barbara REAL ESTATE NEWSLETTER | August | | 2023 | CalebOvertonSB@gmail.com | 805.453.7080 | www.CalebOverton.com | DRE# 02117608 CREATIVITY IS KEY -More Options for Sellers -More Opportunities for Buyers New Video Explains it all
MARKET NUMBERS IN REVIEW
August 2023 YTD |
CarpinteriaGoleta
Total Sales 761 (-29% from 2022)
Single Family Residences Sales 530(-29% from 2022)
Condominium Sales 231 (-28% from 2022)
Cash Sales Aug 43%
Cash Sales YTD 40%
Inventory 2.20 month supply
|
Single Family Residence
August 2023 YTD
Average Sale Price - YTD
$3,157422 (-8% from 2022)
Median Sales Price - YTD
$2,060,000 (-7% from 2022)
Carpinteria - Goleta
is from Fidelity National Title & Chicago Title
*Data
Santa Barbara
2023
Total Sales 50
Average Sales Price $2,317,456 +16% change from Aug 2022
Median Sales Price $1,847,500
+15% change from Aug 2022
August
Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 241 Average Sales Price - YTD $2,375,179 Median Sales Price -YTD $2,016,791 Total Sales -YTD 101 Average Sales Prices $1,289,715 Median Sales Prices $1,100,000
Single Family Residence
Year To Date 2023
Montecito
August 2023
Total Sales 14
Average Sales Price $5,003,107
-33% change from Aug 2022
Median Sales Price $3,275,000
-29% change from Aug 2022
Total Sales - YTD 97 Average Sales Price - YTD $6,577,298 Median Sales Price -YTD $5,100,000 Total Sales -YTD 14 Average Sales Prices $3,194,964 Median Sales Prices $2,897,500 Single Family Residence Condominiums Year To Date 2023 *Data is from Fidelity National Title & Chicago Title
Hope Ranch
2023
Total Sales 2
Average Sales Price $4,950,000
+18% change from Aug 2022
Median Sales Price $4,950,000
+18% change from Aug 2022
August
Year To Date 2023
Single Family Residence
Total Sales - YTD 15
Average Sales Price - YTD
$7,305,937
Median Sales Price -YTD $5,500,000
*Data is from Fidelity National Title & Chicago Title
Goleta
August 2023
Total Sales 23
Average Sales Price $1,461,605 +8% change from Aug 2022
Median Sales Price $1,225,000
+2% change from Aug 2022
Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 129 Average Sales Price - YTD $1,789,064 Median Sales Price -YTD $1,516,000 Total Sales -YTD 75 Average Sales Prices $975,117 Median Sales Prices $881,500 Year To Date 2023
Carpinteria
August 2023
Total Sales 17
Average Sales Price $1,082,753
-4% change from Aug 2022
Median Sales Price $915,000
-24% change from Aug 2022
*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 35 Average Sales Price - YTD $2,475,232 Median Sales Price -YTD $1,580,000 Total Sales -YTD 30 Average Sales Prices $791,067 Median Sales Prices $757,500 Year To Date 2023
Summerland
August2023
Total Sales 0
Average Sales Price N/A
% change from Aug 2022
Median Sales Price N/A
% change from Aug 2022
Year To Date 2023
Single Family Residence
Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 5 Average Sales Price - YTD $4,885,830 Median Sales Price -YTD $3,500,000 Total Sales -YTD 2 Average Sales Prices $1,489,325 Median Sales Prices $1,489,325
Charts That Caught
38.7% of Americans don’t have a mortgage and 30% with greater than 50% in equity. Real Estate is one of the best long-term investments you will make - it is “time in the market, not timing the market”.
Source: Keeping Current Matters
Caught My Eye
We are still in a seller’s market. Prices are still high, but have been moving sideways lately…
There is a tremendous amount of buyers still looking/wanting to own a home.
Source:
Current Matters
Time)
Keeping
(Showing
Source: Keeping Current Matters (NAR)
For more information please contact me below 805.453.7080 | CalebOvertonSB@gmail.com | www.caleboverton.com I have some creative ways to help you get top dollar for your home. Let’s start a conversation! Monthly Market Report What does the market look like?
Santa Barbara Real Estate Agent
DRE# 02117608
Caleb Overton