January '22 Santa Barbara Real Estate Newsletter

Santa Barbara Monthly Real Estate Report Carpinteria - Goleta | January 2022

DRE# 02117608

MARKET NUMBERS IN REVIEW January 2022 YTD | Carpinteria - Goleta

Total Sales

107 (-32% from 2021) Single Family Residences Sales

79 (-31% from 2021) Condominium Sales

28 (-33% from 2021)

Cash Sales YTD 30%

Single Family Residence January 2022

Average Sale Price - YTD

$3,404,999 (+25% from 2021)

Median Sales Price - YTD

$1,950,000 (+15% from 2021)

*Data is from Fidelity National Title & Chicago Title

Carpinteria to Goleta

Santa Barbara

Total Sales - YTD

26 Average Sales Price - YTD

$2,683,000 Median Sales Price -YTD

$2,118,500

Condominiums

Single Family Residence

Year to date 2022 Total Sales -YTD 12 Average Sales Prices $1,090,833 Median Sales Prices $928,500

January 2022 Total Sales

38 Average Sales Price

$2,180,211 +52% change from Jan 2021

Median Sales Price

$1,623,000

*Data is from Fidelity National Title & Chicago Title

+16% change from Jan 2021

Montecito

Total Sales 16 Average Sales Price $7,849,813 Median Sales Price $7,066,000

Condominiums

Single Family Residence

Year to date 2022 Total Sales 1

Average Sales Price $1,850,000 Median Sales Price $1,850,000

January 2022 Total Sales 17 Average Sales Price $7,496,882 +41% change from Jan 2021

Median Sales Price $6,882,000

*Data is from Fidelity National Title & Chicago Title

+79% change from Jan 2021

Hope Ranch

Year to date 2022 Single Family Residence

Total Sales 5 Average Sales Price $4,786,000

Median Sales Price $4,650,000

January 2022 Total Sales 5 Average Sales Price $4,786,000 -18% change from Jan 2021

Median Sales Price $4,650,000

*Data is from Fidelity National Title & Chicago Title

+56% change from Jan 2021

Goleta

Total Sales 25 Average Sales Price $1,538,716 Median Sales Price $1,285,000

Condominiums

Single Family Residence

Year to date 2022 Total Sales 8 Average Sales Price $909,875 Average Median Price $875,000

January 2022 Total Sales 33 Average Sales Price $1,386,270 +22% change from Jan. 2021

Median Sales Price $1,235,000

*Data is from Fidelity National Title & Chicago Title

+25% change from Jan. 2021

Carpenteria

Total Sales 7 Average Sales Price $1,606,000 Median Sales Price $1,500,000

Condominiums

Single Family Residence

Year to date 2022 Total Sales 7 Average Sales Price $791,714 Median Sales Price $775,000

January 2022 Total Sales 14 Average Sales Price $1,198,857 +46% change from Jan. 2021

Median Sales Price $1,200,000

*Data is from Fidelity National Title & Chicago Title

+52% change from Jan. 2021

Summerland

Total Sales n/a Average Sales Price n/a Median Sales Price n/a

Condominiums

Single Family Residence

Year to date 2022 Year To Date 2021 Total Sales n/a Average Sales Price n/a Median Sales Price n/a

January 2022 Total Sales 0 Average Sales Price N/A N/A change from Jan. 2021

Median Sales Price N/A

*Data is from Fidelity National Title & Chicago Title

N/A% change from Jan. 2022

Charts that caugh On average, homes that sold in January, up to the $5M level, were sold for over list price and in record time…

If you have ever thought about moving up or downsizing, the seller is in the drivers seat, but it won’t last forever…

Holidays

ht my eye…

In January, the general consensus was for the Federal Reserve to raise rates 3-4 times this year…

With precedent hot inflation numbers, the expectations have now increased to 5-7 rate hikes this year, which will eventually take ‘some’ of the euphoria out of the Real Estate market, as mortgage rates have already adjusted upward.

I have some creative ways to help you get top dollar for your home. Let’s start a conversation

January ’22 Santa Barbara Real Estate Market Report

For more information please visit my website below

www.caleboverton.com

Santa Barbara Real Estate Agent

Caleb Overton

DRE# 02117608