SANTA BARBARA REAL ESTATE NEWSLETTER | MAY | | 2023 | CalebOvertonSB@gmail.com | 805.453.7080 | www.CalebOverton.com | DRE# 02117608
MARKET NUMBERS IN REVIEW
May 2023 YTD
CarpinteriaGoleta
Total Sales 441 (-36% from 2022)
Single Family Residences Sales 307(-35% from 2022)
Condominium Sales 134 (-38% from 2022)
Cash Sales 37%
Inventory 1.81 month supply
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Single Family Residence
May 2023 YTD
Average Sale Price - YTD
$3,257,706 (-8% from 2022)
Median Sales Price - YTD
$2,090,000 (-7% from 2022)
Carpinteria - Goleta
*Data
is from Fidelity National Title & Chicago Title
Santa Barbara
Total Sales 44
Average Sales Price $1,786,267 -24% change from May 2022
Median Sales Price $1,304,500
-25% change from May 2022
May
2023
Condominiums
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 137 Average Sales Price - YTD $2,327,212 Median Sales Price -YTD $2,000,000 Total Sales -YTD 60 Average Sales Prices $1,200,604 Median Sales Prices $1,037,500
Single Family Residence
Year To Date 2023
Montecito
May 2023
Total Sales 25
Average Sales Price $5,655,660
-13% change from May 2022
Median Sales Price $4,995,000
+4% change from May 2022
Total Sales - YTD 59 Average Sales Price - YTD $6,576,020 Median Sales Price -YTD $5,000,000 Total Sales -YTD 9 Average Sales Prices $3,033,000 Median Sales Prices $2,150,000 Single Family Residence Condominiums Year To Date 2023 *Data is from Fidelity National Title & Chicago Title
Hope Ranch
May 2023
Total Sales 0
Average Sales Price N/A
+0% change from May 2022
Median Sales Price N/A
+0% change from May 2022
Year To Date 2023
Single Family Residence
Total Sales - YTD 10
Average Sales Price - YTD
$8,560,906
Median Sales Price -YTD $8,425,000
*Data is from Fidelity National Title & Chicago Title
Goleta
2023
Total Sales 24
Average Sales Price $1,479,798 -2% change from May 2022
Median Sales Price $1,344,444 +0% change from Apr. 2022
May
Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 74 Average Sales Price - YTD $1,628,125 Median Sales Price -YTD $1,415,158 Total Sales -YTD 44 Average Sales Prices $966,310 Median Sales Prices $905,000 Year
Date 2023
To
Carpinteria
May 2023
Total Sales 9
Average Sales Price $1,197,111
-47% change from May 2022
Median Sales Price $896,000
-46% change from May 2022
*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 22 Average Sales Price - YTD $2,853,779 Median Sales Price -YTD $1,670,000 Total Sales -YTD 20 Average Sales Prices $750,250 Median Sales Prices $752,500 Year To Date 2023
Summerland
May 2023
Total Sales 2
Average Sales Price $2,563,125
+16% change from May 2022
Median Sales Price $2,563,125
+18% change from May 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 $2,529,150 Total Sales -YTD 1 Average Sales Prices $1,626,500 Median Sales Prices $1,626,500
Equity near all-time highs…
Charts That Caught
Americans are putting less money down…
Caught My Eye
Inventory is still really low with huge demand from millennials and home builders under building since 2008…
Millennials are the largest generation group and they are buying starter homes or in the “move-up” home stage of life.
For more information please visit my website below www.caleboverton.com May 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