Santa Barbara Monthly Real Estate Newsletter
Carpinteria - Goleta | March 2023
DRE# 02117608
MARKET NUMBERS IN REVIEW
March 2023 YTD |
CarpinteriaGoleta
Total Sales 241 (-40% from 2022)
Single Family Residences Sales 168(-40% from 2022)
Condominium Sales 73 (-43% from 2022)
Cash Sales 35%
Inventory 1.22 month supply
|
Single Family Residence
March 2023 YTD
Average Sale Price - YTD
$3,208,492 (-11% from 2022)
Median Sales Price - YTD
$2,000,000 (-10% from 2022)
Carpinteria - Goleta
is from Fidelity National Title & Chicago Title
*Data
Santa Barbara
March 2023
Total Sales 39
Average Sales Price $2,184,308 -6% change from Mar. 2022
Median Sales Price $1,850,000
0% change from Mar. 2022
Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 74 Average Sales Price - YTD $2,410,596 Median Sales Price -YTD $1,950,000 Total Sales -YTD 31 Average Sales Prices $1,329,904 Median Sales Prices $1,302,250
Single Family Residence
Year To Date 2023
Montecito
March 2023
Total Sales 17
Average Sales Price $5,249,941
-35% change from Mar. 2022
Median Sales Price $4,300,000
-18% change from Mar. 2022
Total Sales - YTD 26 Average Sales Price - YTD $6,769,662 Median Sales Price -YTD $5,065,000 Total Sales -YTD 6 Average Sales Prices $2,449,500 Median Sales Prices $2,550,000 Single Family Residence Condominiums Year To Date 2023 *Data is from Fidelity National Title & Chicago Title
Hope Ranch
March
2023
Total Sales 2
Average Sales Price $6,215,000
+14% change from Mar. 2022
Median Sales Price $6,215,000
+14% change from Mar. 2022
Year To Date 2023
Single Family Residence
Total Sales - YTD 7
Average Sales Price - YTD
$6,792,857
Median Sales Price -YTD $7,250,000
is from Fidelity National Title & Chicago Title
*Data
Goleta
March 2023
Total Sales 30
Average Sales Price $1,378,667 +9% change from Mar. 2022
Median Sales Price $1,312,500
6% change from Mar. 2022
Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 43 Average Sales Price - YTD $1,536,680 Median Sales Price -YTD $1,405,000 Total Sales -YTD 26 Average Sales Prices $918,846 Median Sales Prices $905,000
2023
Year To Date
Carpinteria
March 2023
Total Sales 10
Average Sales Price $2,075,500
+86% change from Mar. 2022
Median Sales Price $1,007,500
+3% change from Mar. 2022
*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 14 Average Sales Price - YTD $3,661,667 Median Sales Price -YTD $3,576,786 Total Sales -YTD 10 Average Sales Prices $722,000 Median Sales Prices $752,500 Year To Date 2023
Summerland
March 2023
Total Sales 1
Average Sales Price $11,550,000 +n/a% change from Mar. 2022
Median Sales Price $11,550,000
+n/a% change from Mar. 2022
Single Family Residence
Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 4 Average Sales Price - YTD $5,232,288 Median Sales Price -YTD $3,939,575 Total Sales -YTD 0 Average Sales Prices N/A Median Sales Prices N/A
Year To Date 2023
Charts That Caught
Although the funds for the CalHFA down payment program have already been accounted for, I wanted to show an example of how it works and explain what it could mean for you if this program is available again.
Borrower is a CalHFA income homebuyer
• Dream For All provides a loan for 20% of the home purchase price.
• The homeowner pays back the original loan amount plus 20% of any appreciation in the value of the home. Source: California Housing Agency, https://www.calhfa.ca.gov/dream/index.htm
Caught My Eye
For some buyers in Santa Barbara, it takes a while to save up for a down payment (or if possibly, get help from family). With our low inventory, I wouldn’t get pre-approved, I would get fully approved from a lender - it will make your offer more competitive against all cash offers. Lastly, I would prioritize your wants vs. needs list and areas of Santa Barbara that are in your budget.
For more information please visit my website below www.caleboverton.com March 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