350 Single-Family-Homes are Actively Listed in Santa Barbara, Montecito, and Hope Ranch*

  • Lowest list price:   $605,000    
  • Highest list price:  $85,000,000
  • Average list price: $4,970,669    
  • Median list price:   $2,850,000    

Of the active homes, 110 are already under contract. This leaves only 240 active homes on the market. Let's break down the available inventory by price range:

  • Homes listed under $1,000,000: 32
  • Homes listed $1,000,001 - $2,000,000: 98
  • Homes listed $2,000,001 - $5,000,000: 126
  • Homes listed over $5,000,000: 47


So, are we in a buyer's market or a seller's market? That depends on your price point! Less than 6 months of inventory is a SELLER'S market, 6 or more months of inventory make a BUYER'S market. 

  • Homes listed under $1,000,000: 2.3 months SELLER'S MARKET (absorption rate: 13 sales/mo, 6 mo. avg). 
  • Homes listed $1,000,001 - $2,000,000: 4.6 months SELLER'S MARKET (absorption rate: 21 sales/mo, 6 mo. avg). 
  • Homes listed $2,000,001 - $5,000,000: 9 months BUYER'S MARKET (absorption rate: 14 sales/mo, 6 mo. avg). 
  • Homes listed over $5,000,000: 15.6 months BUYER'S MARKET (absorption rate: 3 sales/mo, 6 mo. avg). 

Based on the last six months, on average, how long will it take to sell your home in today's market? To find out what your home is worth click HERE

  • Sales prices under $1,000,000: 51 days
  • Sales prices $1,000,000 - $2,000,000: 88 days
  • Sales prices $2,000,001 - $5,000,000: 129 days
  • Sales prices over $5,000,000: 96 days

11 Homes Closed Escrow 

The average sold price was $1,668,927 ranging from $943,000 to $3,350,000.

34 New Listings Hit the Market 

Below is a list of listings that became active in the last 7 days. 

$2,150,000
4 beds - 3 Baths

735 Chelham Way

Montecito, California

Listing office: Berkshire Hathaway Home Services California Properties

MLS® ID: 17-2139

$3,250,000

4555 Hollister Ave

Santa Barbara, California

Listing office: Goodwin & Thyne Properties

MLS® ID: 17-2138

$749,000
4 beds - 3 Baths

652 San Ricardo Dr

Santa Barbara, California

Listing office: Village Properties

MLS® ID: 17-2137

$3,995,000
6 beds - 6+ Baths

73 Olive Mill Rd

Santa Barbara, California

Listing office: Keller Williams Realty Santa Barbara

MLS® ID: 17-2063