September '22 Santa Barbara Real Estate Newsletter

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Santa Barbara Monthly Real Estate Newsletter

DRE# 02117608
Carpinteria - Goleta | September 2022
| September 2022 YTD | Total Sales 1185 (-32% from 2021) Single Family Residences Sales 831 (-33% from 2021) Condominium Sales 354 (-32% from 2021) Cash Sales YTD 34% MARKET NUMBERS IN REVIEW CarpinteriaGoleta

Single Family Residence

Carpinteria - Goleta

Median Sales Price - YTD $2,187,000 (+16% from 2021) Average Sale Price - YTD $3,414,366 (+12% from 2021) *Data is from Fidelity National Title & Chicago Title
September 2022 YTD
Santa Barbara Total Sales 52 Average Sales Price $1,805,289 +9% change from Sept. 2021 Median Sales Price $1,490,000 +2% change from Sept. 2021 September 2022
Condominiums Single Family Residence *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 362 Average Sales Price - YTD $2,477,275 Median Sales Price -YTD $2,180,000 Total Sales -YTD 149 Average Sales Prices $1,244,097 Median Sales Prices $995,000 Year To Date 2022
Montecito Total Sales 16 Average Sales Price $9,191,438 +77% change from Sept. 2021 Median Sales Price $6,450,000 +56% change from Sept. 2021 September 2022
Total Sales - YTD 154 Average Sales Price - YTD $7,436,725 Median Sales Price -YTD $5,412,500 Total Sales -YTD 28 Average Sales Prices $2,743,821 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 4 Average Sales Price $3,950,000 +20% change from Sept. 2021 Median Sales Price $3,550,000 +8% change from Sept. 2021 September 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 Total Sales 34 Average Sales Price $1,335,368 +4% change from Sept. 2021 Median Sales Price $1,357,500 +34% change from Sept. 2021 September 2022
Single Family Residence Condominiums *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 218 Average Sales Price - YTD $1,712,177 Median Sales Price -YTD $1,586,550 Total Sales -YTD 120 Average Sales Prices $917,211 Median Sales Prices $837,500 Year To Date 2022
Carpinteria Total Sales 13 Average Sales Price $1,541,731 -22% change from Sept. 2021 Median Sales Price $1,499,000 +76% change from Sept. 2021 September 2022
*Data is from Fidelity National Title & Chicago Title Condominiums Single Family Residence Total Sales - YTD 57 Average Sales Price - YTD $2,890,057 Median Sales Price -YTD $1,619,500 Total Sales -YTD 54 Average Sales Prices $869,222 Median Sales Prices $815,000 Year To Date 2022
Summerland Total Sales 1 Average Sales Price $1,650,000 -39% change from Sept. 2021 Median Sales Price $1,650,000 -39% change from Sept. 2021 September 2022
Condominiums Single Family Residence *Data is from Fidelity National Title & Chicago Title Total Sales - YTD 12 Average Sales Price - YTD $2,858,750 Median Sales Price -YTD $2,175,000 Total Sales -YTD 3 Average Sales Prices $1,306,667 Median Sales Prices $1,075,000 Year To Date 2022

Some Charts That

-Mortgage rates are nearing 6% again.

With roughly 3 months of inventory, we are still in a sellers’ market, which helps to get a good price for your house.

-Housing-related household leverage has been very low.

There is still demand to buy homes, however, the Federal Reserve is raising interest rates to slow the Real Estate market down.

Holidays

Caught My Eye…

Days on Market (DOM) have increased recently, however, they are still historically low. Pricing your home correctly is more important than ever.

Homeowners may be looking to upgrade, downsize or relocate, which creates opportunities for buyers. Be patient, but also be ready when a home you like hits the market!

For more information please visit my website below www.caleboverton.com September ’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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