December '22 Santa Barbara Real Estate Newsletter

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Santa Barbara Monthly Real Estate Newsletter

Carpinteria - Goleta | December 2022

DRE# 02117608
| December 2022 YTD | Total Sales 1443 (-35% from 2021) Single Family Residences Sales 1015(-34% from 2021) Condominium Sales 428 (-37% from 2021) Cash Sales YTD 34% MARKET NUMBERS IN REVIEW CarpinteriaGoleta
Median Sales Price - YTD $2,104,000 (+12% from 2021) Average Sale Price - YTD $3,370,912 (+12% from 2021) *Data is from Fidelity National Title & Chicago Title Single Family Residence December 2022 YTD Carpinteria - Goleta
Santa Barbara Total Sales 30 Average Sales Price $2,235,623 +23% change from Dec. 2021 Median Sales Price $1,920,000 +25% change from Dec. 2021 December 2022
Condominiums Single Family Residence *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 456 Average Sales Price - YTD $2,444,205 Median Sales Price -YTD $2,120,000 Total Sales -YTD 176 Average Sales Prices $1,253,026 Median Sales Prices $1,045,000 Year To Date 2022
December 2022 Montecito Total Sales 15 Average Sales Price $7,613,000 +15% change from Dec.. 2021 Median Sales Price $6,112,500 +19% change from Dec. 2021
Total Sales - YTD 177 Average Sales Price - YTD $7,179,783 Median Sales Price -YTD $5,450,000 Total Sales -YTD 33 Average Sales Prices $2,836,576 Median Sales Prices $3,050,000 Single Family Residence Condominiums Year To Date 2022 *Data is from Fidelity National Title & Chicago Title
Hope Ranch Total Sales 0 Average Sales Price N/A +0% change from Dec. 2021 Median Sales Price N/A +0% change from Dec. 2021 December 2022
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 28 Average Sales Price - YTD $7,964,873 Median Sales Price -YTD $5,625,000 Single Family Residence Year To Date 2022
Goleta Average Sales Price $1,390,200 +7% change from Dec. 2021 Median Sales Price $1,225,000 +20% change from Dec. 2021 December 2022 Total Sales 21
Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 268 Average Sales Price - YTD $1,687,450 Median Sales Price -YTD $1,557,500 Total Sales -YTD 148 Average Sales Prices $910,338 Median Sales Prices $835,000 Year To Date 2022
December 2022 Carpinteria Total Sales 8 Average Sales Price $25,430,000 +N/A% change from Dec. 2021 Median Sales Price $29,099,000 +N/A% change from Dec. 2021
*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 70 Average Sales Price - YTD $4,503,375 Median Sales Price -YTD $1,885,000 Total Sales -YTD 68 Average Sales Prices $870,316 Median Sales Prices $807,500 Year To Date 2022
December 2022 Summerland Total Sales 2 Average Sales Price $2,850,473 -39% change from Dec. 2021 Median Sales Price $2,475,000 -17% change from Dec. 2021
Condominiums Single Family Residence *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 16 Average Sales Price - YTD $2,850,804 Median Sales Price -YTD $2,475,000 Total Sales -YTD 3 Average Sales Prices $1,306,667 Median Sales Prices $1,075,000 Year To Date 2022

Charts That Caught

The consumer price index (CPI) has rolled over and mortgage rates have followed…

The bond market is indicating what the Fed will do vs. what the Fed is saying they are going to do…

Caught My Eye

There is still very low inventory of homes for sale, which is great news for sellers. More buyers will come back into the market as rates have dropped from the October highs.

Buyers, please get in touch with your mortgage broker. There are creative ways to help with your unique situation - every inquiry is confidential and we are here to help!
For more information please visit my website below www.caleboverton.com December ’22 Santa Barbara Real Estate Market Report I have some creative ways to help you get top dollar for your home. Let’s start a conversation!

Santa Barbara Real Estate Agent

Caleb Overton

DRE# 02117608
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