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
3
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