June '22 Santa Barbara Real Estate Newsletter

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

DRE# 02117608


MARKET NUMBERS IN REVIEW

JUNE 2022 YTD | Carpinteria - Goleta

|

Total Sales

832 (-28% from 2021)

Single Family Residences Sales Condominium Sales

579 (-30% from 2021)

253 (-24% from 2021)

Cash Sales YTD 32%


Single Family Residence

June 2022 YTD

Average Sale Price - YTD

$3,488,234 (+12% from 2021) Median Sales Price - YTD

$2,272,000 (+18% from 2021)

*Data is from Fidelity National Title & Chicago Title

Carpinteria - Goleta


Santa Barbara

JUNE

2022

Total Sales 63

Average Sales Price $2,108,803 +19% change from June 2021

Median Sales Price

$1,775,000

+15% change from June 2021


Year To Date

2022

Single Family Residence Total Sales - YTD

242 Average Sales Price - YTD

Median Sales Price -YTD

$2,630,211

$2,200,000

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$1,210,094

$950,000

*Data is from Fidelity National Title & Chicago Title

101


Montecito

JUNE

Total Sales 23

2022

Average Sales Price $4,947,837 +12% change from June 2021

Median Sales Price

$4,485,200

+30% change from June 2021


Year To Date

2022

Single Family Residence Total Sales - YTD

116 Average Sales Price - YTD

Median Sales Price -YTD

$7,170,519

$5,362,500

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$2,773,500

$2,875,000

*Data is from Fidelity National Title & Chicago Title

22


Hope Ranch

JUNE

2022

Total Sales 5

Average Sales Price $9,050,200 +246% change from June 2021

Median Sales Price

$7,800,000

+203% change from June 2021


Year To Date

2022

Single Family Residence Total Sales - YTD

20 Average Sales Price - YTD

$7,726,073 Median Sales Price -YTD

*Data is from Fidelity National Title & Chicago Title

$5,937,500


Goleta

JUNE

2022 Total Sales

43

Average Sales Price $1,578,930 +19% change from June 2021

Median Sales Price

$1,400,000

+14% change from June 2021


Year To Date

2022

Single Family Residence Total Sales - YTD

155 Average Sales Price - YTD

Median Sales Price -YTD

$1,768,208

$1,600,000

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$939,668

$875,000

*Data is from Fidelity National Title & Chicago Title

88


Carpinteria

JUNE

2022 Total Sales

Average Sales Price

12

$2,244,000

+124% change from June 2021

Median Sales Price

$1,287,000

+83% change from June 2021


Year To Date

2022

Single Family Residence Total Sales - YTD

38 Average Sales Price - YTD

Median Sales Price -YTD

$2,510,723

$1,607,500

Condominiums Total Sales -YTD

39 Median Sales Prices

$845,936

$815,500

*Data is from Fidelity National Title & Chicago Title

Average Sales Prices


Summerland

JUNE

Total Sales

2022 Average Sales Price

1

$10,200,000

+350% change from June 2021

Median Sales Price

$10,200,000

+316% change from June 2021


Year To Date

2022

Single Family Residence Total Sales - YTD

8 Average Sales Price - YTD

Median Sales Price -YTD

$3,424,375

$2,475,000

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$1,306,667

$1,075,000

*Data is from Fidelity National Title & Chicago Title

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Some Charts That Many people think that a recession equals major housing price declines the housing fundamentals are much stronger than in 2008.

Real Estate tends to be a good hedge against inflation.

Mortgage rates have decreased since last Federal Reserve rate hike - rates tend to get priced in before the Fed raises rates. The Fed will continue to raise rates to fight against inflation.

Holidays


Caught My Eye… Mortgage underwriting standards are much stronger and homeowners have much more skin in the game than before 2008.

Real Estate is still the favorite long-term investment choice.

The demand to own a home is still very strong. There are 72 million millennials that are either wanting to buy a home or will be moving up over the coming decade. Be patient but ready to go!


June ’22 Santa Barbara Real Estate Market Report

For more information please visit my website below

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


Santa Barbara Real Estate Agent

Caleb Overton

DRE# 02117608


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