MARKET NUMBERS IN REVIEW
December 2024 YTD |
Goleta
Total Sales 1233 (+12% from 2023)
Single Family Residences Sales 894 (+16% from 2023)
Condominium Sales 339 (+2% from 2023)
Cash Sales Dec. 37%
Single Family Residence
December 2024 YTD
Average Sale Price - YTD
$3,509,152 (10% from 2023)
Median Sales Price - YTD
$2,172,130 (3% from 2023)
Carpinteria - Goleta
Santa Barbara
Total Sales 46
Average Sales Price $1,794,413 -8% change from Dec 2023
Median Sales Price $1,697,500 +13% change from Dec 2023 December 2024
Single Family Residence
Total Sales - YTD
429
Condominiums
Total Sales -YTD
129
Total Sales 14
Average Sales Price
$5,591,939 +11% change from Dec. 2023
Median Sales Price $4,246,000 -5% change from Dec 2023
Total Sales - YTD 145
Hope Ranch
Total Sales 1
Average Sales Price $5,350,000 N/A change from Dec 2023
Median Sales Price $5,350,000 N/A change from Dec. 2023 December
Median Sales Price -YTD $6,053,000 Single Family Residence
Total Sales - YTD 17
Average Sales Price - YTD $6,259,993
2024
Total Sales 25
Average Sales Price $1,480,730
+8% change from Dec 2023
Median Sales Price $1,350,000 +9% change from Dec 2023
YTD
-YTD
Carpinteria
Total Sales 9
Average Sales Price $2,231,667
+55% change from Dec 2023
Median Sales Price $1,465,000 +12% change from Dec 2023
Summerland
2024
Total Sales 1
Average Sales Price $8,500,000
N/A% change from Dec 2023
Median Sales Price $8,500,000
N/A% change from Dec 2023
Single Family Residence
Total Sales - YTD 12
Average Sales Price - YTD
$3,675,750 Median Sales Price -YTD $3,182,500
Condominiums
Total Sales -YTD 1
Average Sales Prices $999,999 Median Sales Prices $999,999
Charts That Caught
Learn How To: Caught My Eye
Source: Keeping Current Matters
Source: Keeping Current Matters
Monthly Market Report
What does the market look like?
Looking Ahead: Support and Rebuilding in the Wake of LA's Tragedy
As we close out 2024 and turn our attention to 2025, we cannot ignore the devastating fires that have torn through Los Angeles. Our hearts are heavy for everyone affected by this tragedy. Our thoughts are with the families, businesses, and communities that have lost so much.
In the wake of these heartbreaking events, we've seen an outpouring of support from all over, especially here in Santa Barbara. Many of our friends and family in LA have reached out, looking for rentals and homes to purchase. It has been truly inspiring to see people open up their homes—offering extra bedrooms or rental properties to help those in need. The scale of the disaster means that it will take all of us to make a difference.
As the situation continues to unfold, we anticipate different phases of recovery. Many businesses, schools, and homes have been destroyed or severely damaged. Yet, the response from the community has been nothing short of extraordinary, with individuals and organizations coming together to provide food, water, shelter, and muchneeded supplies.
A reminder: Price gouging during natural disasters is illegal. Landlords can only increase rental rates by up to 10%. Please be vigilant and report any unjust practices during this difficult time.
Looking ahead, we expect many individuals and families affected by the fires to consider relocating. Some may stay within the Los Angeles area, while others may seek new communities further up and down the coast, from San Diego to Santa Barbara. Early indications suggest that the rebuilding process could take anywhere from 3 to 8 years, so it’s likely we’ll see an influx of relocations to our region in the near future.
A Call to Action for Home Sellers
If you’ve been "considering" selling your home in the next 3, 6, or 12 months, we encourage you to think about moving that timeline forward—if possible. This is not about taking advantage of the situation, but rather about providing much-needed housing for families who have lost everything. If you were already planning to sell, now might be the time to consider opening your doors to those who need stability and support—especially those with young children who need a steady school and community environment.
Our collective efforts, no matter how small, can make a profound difference. Imagine what you would need if the roles were reversed, and you found yourself rebuilding your life and home from the ground up. Every bit of support counts.
I’d be more than happy to chat and share what we are doing at Berkshire Hathaway to assist those in need. Together, we can make a real impact.
All my best, Caleb Overton
Santa Barbara Real Estate Agent
Caleb Overton