January '23 Santa Barbara Real Estate Newsletter

Page 1

Santa Barbara Monthly Real Estate Newsletter

DRE# 02117608
Carpinteria - Goleta | January 2023

MARKET NUMBERS IN REVIEW

January 2023 YTD |

CarpinteriaGoleta

Total Sales 69 (-36% from 2022)

Single Family Residences Sales 52(-34% from 2022)

Condominium Sales 17 (-39% from 2022)

Cash Sales YTD 26%

|

Single Family Residence

January 2023 YTD

Average Sale Price - YTD

$3,215,442 (-6% from 2022)

Median Sales Price - YTD

$1,781,469 (-9% from 2022)

Carpinteria - Goleta

is from Fidelity National Title & Chicago Title
*Data

Santa Barbara

January 2023

Total Sales 33

Average Sales Price $2,236,174

+3% change from Jan. 2022

Median Sales Price $1,620,000

+0% change from Jan. 2022

Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 25 Average Sales Price - YTD $2,572,202 Median Sales Price -YTD $1,631,000 Total Sales -YTD 8 Average Sales Prices $1,186,085 Median Sales Prices $953,500
Single Family Residence
Year To Date 2023

Montecito

January 2023

Total Sales 9

Average Sales Price $6,265,000

-16% change from Jan. 2022

Median Sales Price $4,800,000

-30% change from Jan. 2022

Total Sales - YTD 9 Average Sales Price - YTD $6,265,000 Median Sales Price -YTD $4,800,000 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

January

2023

Total Sales 2

Average Sales Price $6,072,500

+27% change from Jan. 2022

Median Sales Price $6,072,500

+31% change from Jan. 2022

Year To Date 2023

Single Family Residence

Total Sales - YTD 2

Average Sales Price - YTD $6,072,500

Median Sales Price -YTD $6,072,500

*Data is from Fidelity National Title & Chicago Title

Goleta

January 2023

Total Sales 18

Average Sales Price $1,195,274

-14% change from Jan. 2022

Median Sales Price $1,052,500

-15% change from Jan. 2022

Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 10 Average Sales Price - YTD $1,448,794 Median Sales Price -YTD $1,362,500 Total Sales -YTD 8 Average Sales Prices $878,375 Median Sales Prices $868,500 Year
Date 2023
To

Carpinteria

January 2023

Total Sales 6

Average Sales Price $3,188,333

+166% change from Jan. 2022

Median Sales Price $1,125,000

-6% change from Jan. 2022

*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 5 Average Sales Price - YTD $3,676,000 Median Sales Price -YTD $1,150,000 Total Sales -YTD 1 Average Sales Prices $750,000 Median Sales Prices $750,000 Year To Date 2023

Summerland

January 2023

Total Sales 1

Average Sales Price $1,500,000

N/A% change from Jan. 2022

Median Sales Price $1,500,000

N/A% change from Jan. 2022

Year To Date 2023

Single Family Residence

Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 1 Average Sales Price - YTD $1,500,000 Median Sales Price -YTD $1,500,000 Total Sales -YTD 0 Average Sales Prices N/A Median Sales Prices N/A

Charts That Caught

Historically, we are still below the average mortgage rates going back to 1971.

Mortgage rates have declined during recessions. At the moment, we aren’t in a recession and I will continue to inform you if that changes. I think setting expectations for mortgage rates to move sideways and to stay in the 5-6% range, is appropriate.

Caught My Eye

There are many reasons why you might need to sell.

If you are thinking about selling, take advantage of the low inventory to get the best possible price.

Before you sell, having a detailed Comparable Market Analysis (CMA), is extremely helpful in seeing what other homes in your neighborhood sold for, and it helps with pricing your home appropriately.

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