February '23 Santa Barbara Real Estate Newsletter

Page 1

Santa Barbara Monthly Real Estate Newsletter

DRE# 02117608
Carpinteria - Goleta | February 2023

MARKET NUMBERS IN REVIEW

February 2023 YTD |

CarpinteriaGoleta

Total Sales 142 (-40% from 2022)

Single Family Residences Sales 101(-40% from 2022)

Condominium Sales 41 (-39% from 2022)

Cash Sales 33%

Inventory 1.12 month supply

|

Single Family Residence

February 2023 YTD

Average Sale Price - YTD

$3,182,126 (-6% from 2022)

Median Sales Price - YTD

$1,950,000 (-12% from 2022)

Carpinteria - Goleta

*Data is from Fidelity National Title & Chicago Title

Santa Barbara

February 2023

Total Sales 34

Average Sales Price $1,945,718 -9% change from Feb. 2022

Median Sales Price $1,705,000

-5% change from Feb. 2022

Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 46 Average Sales Price - YTD $2,444,698 Median Sales Price -YTD $1,900,000 Total Sales -YTD 21 Average Sales Prices $1,309,144 Median Sales Prices $1,025,000
2023
Single Family Residence
Year To Date

Montecito

February 2023

Total Sales 3

Average Sales Price $9,609,333

+68% change from Feb. 2022

Median Sales Price $5,350,000

+30% change from Feb. 2022

Total Sales - YTD 12 Average Sales Price - YTD $7,101,083 Median Sales Price -YTD $4,911,500 Total Sales -YTD 0 Average Sales Prices N/A Median Sales Prices N/A Single Family Residence Condominiums Year To Date 2023 *Data is from Fidelity National Title & Chicago Title

Hope Ranch

February

2023

Total Sales 3

Average Sales Price $7,658,333

+16% change from Feb. 2022

Median Sales Price $7,250,000

+10% change from Feb. 2022

Year To Date 2023

Single Family Residence

Total Sales - YTD 5

Average Sales Price - YTD $7,024,000

Median Sales Price -YTD $7,250,000

*Data is from Fidelity National Title & Chicago Title

Goleta

February 2023

Total Sales 22

Average Sales Price $1,295,105 -12% change from Feb. 2022

Median Sales Price $1,250,000 0% change from Feb. 2022

Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 25 Average Sales Price - YTD $1,478,010 Median Sales Price -YTD $1,405,000 Total Sales -YTD 15 Average Sales Prices $870,467 Median Sales Prices $837,000
Date 2023
Year To

Carpinteria

February 2023

Total Sales 8

Average Sales Price $2,176,250

+115% change from Feb. 2022

Median Sales Price $1,145,000

+9% change from Feb. 2022

*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 9 Average Sales Price - YTD $3,661,667 Median Sales Price -YTD $2,00,000 Total Sales -YTD 5 Average Sales Prices $717,000 Median Sales Prices $515,000 Year To Date 2023

Summerland

February 2023

Total Sales 3

Average Sales Price $5,733,450

+79% change from Feb. 2022

Median Sales Price $5,350,000

+67% change from Feb. 2022

Single Family Residence

Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 4 Average Sales Price - YTD $4,675,088 Median Sales Price -YTD $3,939,575 Total Sales -YTD 0 Average Sales Prices N/A Median Sales Prices N/A
Year To Date 2023

Over time, owning Real Estate has been one of the great wealth creators at every different income level.

Charts That Caught

Many Americans dream of paying off their mortgage before retiring or using the equity they have in their home to create more net wortheither way, I can help.

Caught My Eye

Over time rents tend to increase and you’re paying off someone else’s mortgage - the interest rate on rent is a 100%!

Before you sell, some easy ways to prepare your home to look its best and maximize your profit.

Let’s start a conversation and I’ll help you with the process.

For more information please visit my website below www.caleboverton.com February 2023 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

DRE# 02117608
Caleb Overton
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