Downtown is the fifth-most expensive neighborhood in Santa Barbara but also the wealthiest, with a cost of living adjustment score of 183.1 and a median income of $50,981 per household. Homes in Downtown are older than most with a median age of 60 years. Topping the list of best schools in the neighborhood is Roosevelt Elementary School.
Comments:

$729K  
The Downtown market reported another in a series of 30-day periods with zero home sales. Downtown usually averages 1.9 sales per month.
Comments:

$4M  
Once again, no deals were completed in the Downtown market over the last 30 days. Downtown is used to having 1.9 sales per month.
Comments:

$4.1M  
Fewer sellers put their homes up for sale in the Downtown market over the last 30 days and the number of new listings tumbled this week to four. Home sales remained unchanged from the prior period and once again one home was sold. A months of inventory number of 14 reported this week continued a four-week upward trend. Along with the slip in sales, the higher-than-normal inventory indicates that Downtown is a strong buyer's market.
Comments:

$1.8M  
The Downtown market saw sales remain flat this week with one home sold over the last 30 days but new listings fell to five. The median sales price in Downtown stayed put this week at $1,111,000. Downtown is a solid buyer's market, thanks to a big 12 months of inventory to choose from and the flat sales.
Comments:

Downtown is a larger than average neighborhood in Santa Barbara with a population of 13,753 residents, and it has a higher than average density compared to the rest of the city, with 9,997.3 people per square mile. Detached homes account for 69% of the area's current housing market. Topping the list of best schools in the neighborhood is Roosevelt Elementary School.
Comments:

$2M  
The Downtown market saw sales remain flat this week with one home sold over the last 30 days, while new listings shot up to six. The amount of available homes increased to 13 months worth, a six-month high. Along with the slip in sales, the higher-than-normal inventory indicates that Downtown is a definite buyer's market.
Comments:

$1.8M  
Sales fell to one home sold in the Downtown market over the last 30 days. Furthermore, an identifiable downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price rose to $1,111,000, up from last week's $938,000. Downtown is a strong buyer's market with 10 months of inventory to choose from, aided by the downturn in contracts.
Comments:

$1.8M  
More sellers put their homes up for sale in the Downtown market over the last 30 days and the number of new listings shot up this week to three. Home sales remained unchanged from the prior period and once again two homes were sold. The median sales price in Downtown stayed put this week at $938,000.
Comments:

$2M  
The Downtown market pulled back with a 60.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (1.9) with two homes sold. On the other hand, the close-by Northridge neighborhood registered 51 homes sold in those same 30 days, the most of all surrounding neighborhoods. Potential buyers should note that prices are coming down in Downtown, and for this period the median sales price slid from $1,045,000 to $938,000.
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