August '23 Santa Barbara Real Estate Newsletter

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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
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