September '23 Santa Barbara Real Estate Newsletter

| Sept. |

Santa Barbara

| 2023 |

REAL ESTATE NEWSLETTER

You’re Invited Live Seminar: build and protect your wealth -Advantages of the 1031 Exchange -Generate more retirement income -Legacy planning & more

More details pg. 16 & 17

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

MARKET NUMBERS IN REVIEW

Carpinteria - Goleta

| September 2023 YTD | Total Sales 859 (-27% from 2022) Single Family Residences Sales 599(-28% from 2022) Condominium Sales 260 (-27% from 2022) Cash Sales Sept 47%

Cash Sales YTD 41%

Inventory 2.49 month supply

Single Family Residence September 2023 YTD Average Sale Price - YTD

$3,240,694 (-4% from 2022) Median Sales Price - YTD

$2,100,000 (-4% from 2022)

*Data is from Fidelity National Title & Chicago Title

Carpinteria - Goleta

Santa Barbara

September 2023

Total Sales 80

Average Sales Price $1,838,803 +2% change from Sept 2022

Median Sales Price $1,695,000 +14% change from Sept. 2022

Year To Date 2023 Single Family Residence Total Sales - YTD

269 Average Sales Price - YTD

Median Sales Price -YTD

$2,351,312

$2,030,000

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$1,279,117

$1,087,500

*Data is from Fidelity National Title & Chicago Title

116

Montecito

September

2023

Total Sales 17

Average Sales Price $6,299,529 -15% change from Sept 2022

Median Sales Price $5,250,000 -5% change from Sept 2022

Year To Date 2023 Single Family Residence Total Sales - YTD

112 Average Sales Price - YTD

Median Sales Price -YTD

$6,597,321

$5,126,500

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$3,162,618

$2,845,000

*Data is from Fidelity National Title & Chicago Title

17

Hope Ranch

September

2023 Total Sales 2

Average Sales Price $6,712,500 +70% change from Sept 2022

Median Sales Price $6,712,500 +89% change from Sept 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

September

2023 Total Sales

17

Average Sales Price $1,310,699 -2% change from Sept 2022

Median Sales Price $1,341,525 -1% change from Sept 2022

Year To Date 2023 Single Family Residence Total Sales - YTD

142 Average Sales Price - YTD

Median Sales Price -YTD

$1,759,381

$1,499,500

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$975,909

$880,750

*Data is from Fidelity National Title & Chicago Title

80

Carpinteria

September

2023

Average Sales Price

Total Sales

13

$5,548,635

+260% change from Sept 2022

Median Sales Price

$1,380,000

-8% change from Sept 2022

Year To Date 2023 Single Family Residence Total Sales - YTD

52 Average Sales Price - YTD

Median Sales Price -YTD

$3,170,138

$1,577,500

Condominiums Total Sales -YTD

43 Median Sales Prices

$838,535

$782,000

*Data is from Fidelity National Title & Chicago Title

Average Sales Prices

Summerland

September

2023

Average Sales Price

Total Sales

4

$2,659,000

+61% change from Sept 2022

Median Sales Price

$2,350,000

42% change from Sept 2022

Year To Date 2023 Single Family Residence Total Sales - YTD

7 Average Sales Price - YTD

Median Sales Price -YTD

$4,582,736

$3,500,000

Condominiums Total Sales -YTD

Average Sales Prices

Median Sales Prices

$1,491,163

$1,489,325

*Data is from Fidelity National Title & Chicago Title

4

UPCOMING EVENT

Caleb Overton

Justin Dees

Keller Williams of Santa Barbara

The Dream Team @ Neo Home Loans

DRE#02117608

NMLS#448762

You’re Invited Build & Protect Your Wealth Through 1031 exchange & Real Estate planning

Join Real Estate and mortgage veterans Caleb Overton and Justin Dees for a live seminar on the power of 1031 exchange.

Reservations are required as space is limited.

Please call Caleb Overton and reserve your seat today!

805.453.7080

More details

aught My Learn Eye How To: • Navigate the rules and tax advantages of the 1031 exchange • Generate more retirement income • Minimize capital gains taxes • Legacy planning with eliminating capital gains taxes.

• Creative strategies to eliminate disputes over inherited Real Estate Assets • Reverse exchanges (purchase property before you sell) • Reduce out of pocket funds with bridge financing.

Come and Join Us! Two Times Available: Lunch or Happy Hour

Tuesday, Oct. 24th 12 p.m. or 5:00 p.m.

BRASS BEAR

UPTOWN 3302 McCaw Ave, Santa Barbara CA

Scan the QR code to register or call Caleb Overton. Reservations are required!

805.453.7080

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