$4M  
The Santa Barbara market remained cool with three homes sold in the last 30 days, a 25.0% sales drop. On the other hand, close-by Oxnard registered 122 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Santa Barbara, and this period the median price of all sales fell from $928,500 to $908,000. With decreasing sales and the availability of 14 months of inventory, Santa Barbara is a solid buyer's market.
Comments:

$14.8M  
There were three home sales in the Santa Barbara market over the last 30 days. To put it in perspective, close-by Oxnard registered 117 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in Santa Barbara, with the median for this period rising from $719,000 to $908,000. Even after the uptick in sales, an elevated 15 months of inventory tells us that Santa Barbara is still a definite buyer's market.
Comments:

$4M  
The Santa Barbara market remained sluggish with one home sold in the last 30 days, a 50.0% sales drop. Within the same time frame, Oxnard had 140 sales, the most of all cities in the area. Months of inventory is on a four-week upswing, this week hitting 43 months. Along with the slip in sales, the higher-than-normal inventory indicates that Santa Barbara is a solid buyer's market.
Comments:

Santa Barbara has an older population than other areas in California with a median age of 36 years. It is also affluent with a median income of $56,884 per household. The three zip codes with the largest populations are 93101, 93103, and 93108. The Santa Barbara market is primarily made up of detached houses, which currently account for 80% of the homes for sale in the area. Heading the list of top schools in the city is Washington Elementary School.
Comments:

$2M  
Sales ticked up to two homes sold in the Santa Barbara market over the last 30 days. However, a determined downturn in the amount of pending transactions continued, with one completed in the same period. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price dropped to $690,000 over the latest reporting period for Santa Barbara, down from $850,000. Santa Barbara is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 22 months of remaining inventory.
Comments:

$4M  
The number of homes coming into the Santa Barbara market fell to 12 listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price in Santa Barbara stayed put this week at $850,000. Along with flat sales, a relatively high 43 months of inventory indicates that Santa Barbara is a solid buyer's market.
Comments:

$4M  
With one home sold in the Santa Barbara market over the last 30 days, we see no change from last week's numbers. However, 12 new listings came into the market. The median sales price in Santa Barbara stayed put this week at $850,000. Santa Barbara is a definite buyer's market, thanks to a big 43 months of inventory to choose from and the flat sales.
Comments:

$14.8M  
The Santa Barbara market saw two homes go under contract and failed to break out of an identifiable downward trend. Along with that, total home sales fell to one over the last 30 days. The median sales price dropped to $850,000, down from last week's $960,250. A downturn in contracts, coupled with the availability of 41 months of inventory, prove that Santa Barbara is a solid buyer's market.
Comments:

$1.1M  
In this week's report, the number of homes sold in the Santa Barbara market slid to two over the past 30 days, a decrease of 60.0% from last week's report. Within the same time frame, Oxnard had 103 sales, the most of all cities in the area. The median sales price tumbled to $960,250, down from last week's $2,300,098. Santa Barbara is a definite buyer's market, due to a big 20 months of inventory left and aided by the dip in sales.
Comments:

Santa Barbara is a larger than average city in California with a population of 88,410 residents, and it has a higher than average density compared to the rest of the state, with 4,541.3 people per square mile. 93101, 93103, and 93108 are the three largest zip codes in terms of population. Keep in mind, most people in Santa Barbara are renters, with 57.3% of the population renting their home. Heading the list of top schools in the city is Hope Elementary School.
Comments:
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