$3M  
November was the last time there were so many price reductions in the Santa Barbara market, with nine reported over the last 30 days. The market also had four homes change hands. In comparison, San Buenaventura (Ventura) had 52 price reductions in the same time frame, the most of all nearby municipalities. The median sales price rose to $807,500, up from last week's $690,000. Santa Barbara is a solid buyer's market, with eight months of remaining inventory and aided by the rise in new listings.
Comments:

$2M  
The Santa Barbara market was even this week as sales remained at three homes over the prior 30 days, but the area is experiencing an emerging upward trend of contracts closing, now up to three. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price in Santa Barbara stayed put this week at $690,000. Santa Barbara is a solid buyer's market, thanks to a big 11 months of inventory to choose from and the flat sales.
Comments:

$1.8M  
More sellers put their homes up for sale in the Santa Barbara market over the last 30 days and the number of new listings climbed this week to 10. Home sales remained unchanged from the prior period and once again three homes were sold. Months of inventory continued a steady rise, trending upwards for four weeks to reach 12 months. Santa Barbara is a solid buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$1.9M  
With 88,410 residents, Santa Barbara is a larger than average city in California. Also, with 4,541.3 people per square mile, it has a higher than average density in comparison to other parts of the state. Its three largest zip codes are 93101, 93103, and 93108. Santa Barbara is an area where most people lease the homes they live in, with a renting ratio of 57.3%. Topping the list of best schools in the city is Washington Elementary School.
Comments:

$432K  
The Santa Barbara market is experiencing a long pullback, but sales managed an uptick this week of 50.0% to three homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price tumbled to $775,000 over the latest reporting period for Santa Barbara, down from $1,335,000. Santa Barbara is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 10 months of remaining inventory.
Comments:

$1.9M  
The Santa Barbara market might be cooling off in the coming weeks. Sales fell this week to two homes sold over the last 30 days, and there is an emerging downward trend in the number of new listings, with three going live in the same time frame. The median sales price rose to $1,335,000, up from last week's $1,272,000. Along with the slip in sales, a relatively high 14 months of inventory indicates that Santa Barbara is a definite buyer's market.
Comments:

$4.5M  
Sales in the Santa Barbara market fell to four homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with four price reductions in the same time frame. Potential buyers should note that prices went up in Santa Barbara, with the median for this period rising from $1,199,000 to $1,272,000. With decreasing sales and the availability of seven months of inventory, Santa Barbara is a definite buyer's market.
Comments:

$432K  
The Santa Barbara market may be experiencing a prolonged pullback but sales stood their ground this week at four homes sold over the last 30 days. The median sales price in Santa Barbara stayed put this week at $1,043,100. Santa Barbara is a strong buyer's market with seven months of inventory to choose from, aided by the downturn in sales.
Comments:

$1.9M  
Home sales in the Santa Barbara market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 40.0% to three homes sold over the last 30 days. In comparison, nearby Oxnard had 94 sales in the same time frame, the most of all neighboring cities. The median sales price of all transactions in Santa Barbara did not budge this week, remaining at $1,199,000. Along with the slip in sales, a relatively high 12 months of inventory indicates that Santa Barbara is a definite buyer's market.
Comments:

$1.9M  
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. 93101, 93103, and 93108 are the three largest zip codes in terms of population. The Santa Barbara market is primarily made up of detached houses, which currently account for 78% of the homes for sale in the area. Topping the list of best schools in the city is Washington Elementary School.
Comments:
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