October '22 Santa Barbara Real Estate Newsletter

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Santa Barbara Monthly Real Estate Newsletter

Carpinteria - Goleta | October 2022

DRE# 02117608
| October 2022 YTD | Total Sales 1282 (-33% from 2021) Single Family Residences Sales 900 (-33% from 2021) Condominium Sales 382 (-33% from 2021) Cash Sales YTD 34% MARKET NUMBERS IN REVIEW CarpinteriaGoleta
Median Sales Price - YTD $2,165,000 (+15% from 2021) Average Sale Price - YTD $3,338,469 (+10% from 2021) *Data is from Fidelity National Title & Chicago Title Single Family Residence October 2022 YTD Carpinteria - Goleta
Santa Barbara Total Sales 55 Average Sales Price $2,137,720 +9% change from Oct. 2021 Median Sales Price $1,810,000 +13% change from Oct. 2021 October 2022
Condominiums Single Family Residence *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 406 Average Sales Price - YTD $2,465,530 Median Sales Price -YTD $2,152,500 Total Sales -YTD 160 Average Sales Prices $1,241,960 Median Sales Prices $1,022,500 Year To Date 2022
October 2022 Montecito Total Sales 8 Average Sales Price $4,732,978 -6% change from Sept. 2021 Median Sales Price $3,874,410 -12% change from Sept. 2021
Total Sales - YTD 160 Average Sales Price - YTD $7,138,247 Median Sales Price -YTD $5,625,000 Total Sales -YTD 29 Average Sales Prices $2,821,621 Median Sales Prices $2,875,000 Single Family Residence Condominiums Year To Date 2022 *Data is from Fidelity National Title & Chicago Title
Hope Ranch Total Sales 0 Average Sales Price N/A +0% change from Oct. 2021 Median Sales Price N/A +0% change from Oct. 2021 October 2022
*Data is from Fidelity National Title & Chicago Title Total Sales - YTD 28 Average Sales Price - YTD $7,964,873 Median Sales Price -YTD $5,625,000 Single Family Residence Year To Date 2022
Goleta Average Sales Price $1,348,663 +8% change from Oct. 2021 Median Sales Price $1,251,350 +16% change from Oct. 2021 October 2022 Total Sales 26
Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 233 Average Sales Price - YTD $1,709,454 Median Sales Price -YTD $1,585,000 Total Sales -YTD 131 Average Sales Prices $916,659 Median Sales Prices $840,000 Year To Date 2022
October 2022 Carpinteria Total Sales 8 Average Sales Price $5,483,375 +139% change from Oct. 2021 Median Sales Price $1,107,250 -30% change from Oct. 2021
*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 60 Average Sales Price - YTD $3,405,971 Median Sales Price -YTD $1,658,388 Total Sales -YTD 59 Average Sales Prices $867,457 Median Sales Prices $815,000 Year To Date 2022
October 2022 Summerland Total Sales 1 Average Sales Price $1,515,000 -81% change from Oct. 2021 Median Sales Price $1,515,000 -49% change from Oct. 2021
Condominiums Single Family Residence *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 13 Average Sales Price - YTD $2,755,385 Median Sales Price -YTD $2,050,000 Total Sales -YTD 3 Average Sales Prices $1,306,667 Median Sales Prices $1,075,000 Year To Date 2022

Some Charts That

Price Range: All DATE CLOSED % SP/LP % SP/Orig LP

New listings taken in last 30 days

MARKET

Went Pending in Last 30 Days

Cumul. Days on Market for Pending

-Housing-related household leverage has been very low.

3/27/19 115 97% 91.50% 191 135 74 9/10/19 145 96% 93% 231 174 66 4/30/20 70 96% 91% 130 67 57 12/1/20 189 94.50% 93% 161 188 47 3/30/21 184 99% 98.50% 200 195 42 8/2/21 179 102.50% 102% 197 213 21 11/1/21 171 102.75% 101.75% 155 171 22 12/1/21 137 101% 98.50% 134 125 23 1/1/22 134 101% 99% 82 113 29 2/1/22 98 100% 98.00% 129 112 36 3/1/22 114 101% 99.75 138 137 24 4/1/22 163 103% 99% 164 152 23 5/1/22 113 104% 103% 162 134 21 6/1/22 142 103% 103% 190 154 18 7/1/22 136 102% 101.40% 173 118 25 8/1/22 87 98% 94% 181 107 19 9/1/22 125 99% 95.70% 140 140 25 10/1/22 98 98% 97.20% 122 110 33 11/1/22 96 95.60% 91.90% 105 94 35

Holidays

CURRENT
Important statistics to compare and contrast periods. The big takeaway is inventory is have come down a bit. If you are interested, what these numbers

Caught My

MARKET TRENDS

Eye…
Active Listing (active in
Cumul. Days on Market for Active Listings W/ drawn Listings Cancelled Expired Listings Fell out/ back on mkt *Months Supply
AREA: CARP - GOLETA Total
range)
712 114 35 30 5mo & 1wk 868 110 25 42 5 months 567 127 31 19 8.5 months 489 82 24 26 22 28 2.5 months 386 49 14 23 14 23 2 months 398 45 14 15 9 24 7 weeks 335 39 9 19 18 15 8 weeks 284 48 12 7 11 28 10 weeks 229 62 16 7 20 18 2 months 237 52 9 9 14 20 2.1 months 254 49 11 10 7 13 7 weeks 276 40 7 6 6 21 7 weeks 281 41 8 12 10 19 2 months 328 37 9 11 8 18 2 months 339 44 12 14 11 18 2.9 months 376 44 18 18 18 21 3.5 months 377 43 9 15 21 23 2.7 months 339 53 17 19 16 21 3.1 months 307 60 8 11 16 16 3.3 months
contrast from pre-covid and post-covid time up a little bit from the 2021 lows and prices interested, I would be happy to discuss in more detail numbers mean
For more information please visit my website below www.caleboverton.com October ’22 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

Caleb Overton

DRE# 02117608
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