Santa Barbara REAL ESTATE NEWSLETTER | JULY | | 2023 | CalebOvertonSB@gmail.com | 805.453.7080 | www.CalebOverton.com | DRE# 02117608 Featuring new video -Still a great time to Sell -Opportunities await new buyers
MARKET NUMBERS IN REVIEW
July 2023 YTD |
CarpinteriaGoleta
Total Sales 655 (-30% from 2022)
Single Family Residences Sales 457(-29% from 2022)
Condominium Sales 198 (-31% from 2022)
Cash Sales July 49%
Cash Sales YTD 40%
Inventory 2.20 month supply
|
Single Family Residence
July 2023 YTD
Average Sale Price - YTD
Median Sales Price - YTD
$2,022,500 (-8% from 2022)
Carpinteria - Goleta
$3,259,622 (-9% from 2022) *Data
is from Fidelity National Title & Chicago Title
Santa Barbara
Total Sales 46
Average Sales Price $2,008,661
+4% change from July 2022
Median Sales Price $1,954,075
+5% change from July 2022
July
2023
Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 200 Average Sales Price - YTD $2,359,622 Median Sales Price -YTD $2,022,500 Total Sales -YTD 90 Average Sales Prices $1,225,969 Median Sales Prices $1,087,500
Single Family Residence
Year To Date 2023
Montecito
July 2023
Total Sales 11
Average Sales Price $6,403,727
+22% change from July 2022
Median Sales Price $6,125,000
+58% change from July 2022
Total Sales - YTD 88 Average Sales Price - YTD $6,612,863 Median Sales Price -YTD $5,075,000 Total Sales -YTD 10 Average Sales Prices $3,359,700 Median Sales Prices $3,172,500 Single Family Residence Condominiums Year To Date 2023 *Data is from Fidelity National Title & Chicago Title
Hope Ranch
Total Sales 1
Average Sales Price $4,930,000
-70% change from July 2022
Median Sales Price $4,930,000
-73% change from July 2022
July
2023
Year To Date 2023
Single Family Residence
Total Sales - YTD 13
Average Sales Price - YTD
$7,668,389
Median Sales Price -YTD $7,250,000
*Data is from Fidelity National Title & Chicago Title
Goleta
2023
Total Sales 29
Average Sales Price $1,515,119 +16% change from July 2022
Median Sales Price $1,350,000
+5% change from July 2022
July
Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 116 Average Sales Price - YTD $1,808,554 Median Sales Price -YTD $1,508,000 Total Sales -YTD 66 Average Sales Prices $942,632 Median Sales Prices $878,000 Year To Date 2023
Carpinteria
July 2023
Total Sales 11
Average Sales Price $1,464,909
+25% change from July 2022
Median Sales Price $1,050,000
+31% change from July 2022
*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 35 Average Sales Price - YTD $2,475,232 Median Sales Price -YTD $1,580,000 Total Sales -YTD 30 Average Sales Prices $791,067 Median Sales Prices $757,500 Year To Date 2023
Summerland
July 2023
Total Sales 0
Average Sales Price N/A
% change from July 2022
Median Sales Price N/A
% change from July 2022
Year To Date 2023
Single Family Residence
Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 5 Average Sales Price - YTD $4,885,830 Median Sales Price -YTD $3,500,000 Total Sales -YTD 2 Average Sales Prices $1,489,325 Median Sales Prices $1,489,325
Charts That Caught
Freddie Mac’s house price index was up in June. It didn’t cross the zero mark in this cycle.
The median sale price is now above last year’s level…
Source: The Daily Shot
Caught My Eye
Delinquency rates are close to an all-time low…
Inflation has rolled over and interest rates will follow - it just takes some time.
Source: Keeping Current Matters, BLS, Freddie Mac
For more information please contact me below 805.453.7080 | CalebOvertonSB@gmail.com | www.caleboverton.com I have some creative ways to help you get top dollar for your home. Let’s start a conversation! Monthly Market Report What does the market look like?
Santa Barbara Real Estate Agent
DRE# 02117608
Caleb Overton