Santa Barbara Monthly Real Estate Newsletter
![](https://assets.isu.pub/document-structure/230214145959-fee13babf7d94333a37345bd13c79402/v1/0852fa943ec2deb55d1bcb1907603847.jpeg)
![](https://assets.isu.pub/document-structure/230214145959-fee13babf7d94333a37345bd13c79402/v1/644cc67ff5dfa35ad1a6a1f9db5d2d73.jpeg)
![](https://assets.isu.pub/document-structure/230214145959-fee13babf7d94333a37345bd13c79402/v1/55371206a9e8bc7c3d2334a18ffc25a3.jpeg)
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%
January 2023 YTD
Average Sale Price - YTD
$3,215,442 (-6% from 2022)
Median Sales Price - YTD
$1,781,469 (-9% from 2022)
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
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
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
Total Sales - YTD 2
Average Sales Price - YTD $6,072,500
Median Sales Price -YTD $6,072,500
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
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
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
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.
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.