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

  • Lowest list price:   $599,000   
  • Highest list price:  $85,000,000
  • Average list price: $4,930,733
  • Median list price:   $2,795,000

Of the active homes,  46 are already under contract. This leaves only 311 active homes on the market. Let's break down the available inventory by price range:

  • Homes listed under $1,000,000: 24
  • Homes listed $1,000,001 - $2,000,000: 87
  • Homes listed $2,000,001 - $5,000,000: 114
  • Homes listed over $5,000,000: 86

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: 1.8 months SELLER'S MARKET (absorption rate: 13 sales/mo, 6 mo. avg). 
  • Homes listed $1,000,001 - $2,000,000: 4.1 months SELLER'S MARKET (absorption rate: 21 sales/mo, 6 mo. avg). 
  • Homes listed $2,000,001 - $5,000,000: 8.1 months BUYER'S MARKET (absorption rate: 14 sales/mo, 6 mo. avg). 
  • Homes listed over $5,000,000: 28.6 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: 45 days
  • Sales prices $1,000,000 - $2,000,000: 77 days
  • Sales prices $2,000,001 - $5,000,000: 113 days
  • Sales prices over $5,000,000: 212 days

27 Homes Closed Escrow 

The average sold price was $1,875,659 ranging from $1,022,000 to $5,100,000.

20 New Listings Hit the Market. HERE is a list of homes that became active in the last 7 days

This includes two new Montecito Opportunites by Maureen McDermut! 

2224 E Valley Rd, Santa Barbara, California 93108

Exceptional gated and private Mediterranean built in 2001 with mountain views. Grand open ...

Read More

1396 Danielson Rd, Santa Barbara, California 93108 

A delightful surprise awaits behind the gates of this fully fenced & comfortable singl...

Read More

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

$2,995,000
3 beds - 2+ Baths

8110 Buena Fortuna St

Carpinteria, California

MLS® ID: 17-2818

$560,000
3 beds - 2 Baths

119 Sharon Pl

Buellton, California

Listing office: Village Properties - 2

MLS® ID: 17-2817

$529,900
2 beds - 2 Baths

7636 Hollister Ave #262

Goleta, California

Listing office: Berkshire Hathaway Home Services California Properties

MLS® ID: 17-2567

$299,000
3 beds - 2 Baths

340 Old Mill Rd #8

Santa Barbara, California

Listing office: United Real Estate Central Coast Inc.

MLS® ID: 17-1689