October '23 Santa Barbara Real Estate Newsletter

Page 1

| Oct. |

Santa Barbara

| 2023 |

REAL ESTATE NEWSLETTER

CalebOvertonSB@gmail.com | 805.453.7080 | www.CalebOverton.com | DRE# 02117608


MARKET NUMBERS IN REVIEW

Carpinteria - Goleta

| October 2023 YTD | Total Sales 949 (-26% from 2022) Single Family Residences Sales 669(-26% from 2022) Condominium Sales 280 (-27% from 2022) Cash Sales Sept 39%

Cash Sales YTD 41%

Inventory 2.49 month supply


Single Family Residence October 2023 YTD Average Sale Price - YTD

$3,245,456 (-3% from 2022) Median Sales Price - YTD

$2,100,000 (-3% from 2022)

*Data is from Fidelity National Title & Chicago Title

Carpinteria - Goleta


Santa Barbara

October 2023

Total Sales 44

Average Sales Price $1,952,559 -9% change from Oct 2022

Median Sales Price $1,795,000 -1% change from Oct. 2022


Year To Date 2023 Single Family Residence Total Sales - YTD

306 Average Sales Price - YTD

$2,358,018

Median Sales Price -YTD

$2,027,500

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$1,226,484

$1,085,000

*Data is from Fidelity National Title & Chicago Title

125


Montecito

October

2023

Total Sales 14

Average Sales Price $7,249,231 +53% change from Oct 2022

Median Sales Price $6,400,000 +65% change from Oct 2022


Year To Date 2023 Single Family Residence Total Sales - YTD

124 Average Sales Price - YTD

Median Sales Price -YTD

$6,722,018

$5,272,500

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$3,189,974

$2,950,000

*Data is from Fidelity National Title & Chicago Title

19


Hope Ranch

October

2023 Total Sales 2

Average Sales Price $6,535,500 +n/a% change from Oct 2022

Median Sales Price $6,535,500 +n/a% change from Oct 2022


Year To Date 2023 Single Family Residence Total Sales - YTD

17 Average Sales Price - YTD

$7,236,121 Median Sales Price -YTD

*Data is from Fidelity National Title & Chicago Title

$5,975,000


Goleta

October

2023 Total Sales

23

Average Sales Price $1,808,761 +34% change from Oct 2022

Median Sales Price $1,370,000 +9% change from Oct 2022


Year To Date 2023 Single Family Residence Total Sales - YTD

158 Average Sales Price - YTD

Median Sales Price -YTD

$1,807,624

$1,499,500

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$964,388

$876,000

*Data is from Fidelity National Title & Chicago Title

87


Carpinteria

October

2023 Total Sales

Average Sales Price

5

$1,971,191

-64% change from Oct 2022

Median Sales Price

$1,913,456

+73% change from Oct 2022


Year To Date 2023 Single Family Residence Total Sales - YTD

56 Average Sales Price - YTD

Median Sales Price -YTD

$3,100,502

$1,605,000

Condominiums Total Sales -YTD

44 Median Sales Prices

$843,909

$783,000

*Data is from Fidelity National Title & Chicago Title

Average Sales Prices


Summerland

October 2023

Total Sales

Average Sales Price

2

$1,310,000

-14% change from Oct 2022

Median Sales Price

$1,310,000

-14% change from Oct 2022


Year To Date 2023 Single Family Residence Total Sales - YTD

8 Average Sales Price - YTD

Median Sales Price -YTD

$4,234,894

$3,275,000

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$1,356,930

$1,352,400

*Data is from Fidelity National Title & Chicago Title

5


Charts That Cau Supply of homes for sale is low, which is helping keep prices high…

Prices have stayed high, even with higher mortgage rates…


ught My Eye Learn How To: Spring and Summer aren’t the only time to put your house on the market…

Charts That Caught My Ey

Source: Keeping Current Matters

Homeownership has been one of the greatest wealth builders


Monthly Market Report What does the market look like?

For more information please contact me below 805.453.7080 | CalebOvertonSB@gmail.com | 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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