Here are the latest Real Estate Market Reports for South Santa Barbara County for March 2022 that include Montecito and Hope Ranch.
We had a solid first quarter in 2022 with this quarter being the 3rd best quarter in regards to the number of sales within the last 20 years of data. Condo sales are also enjoying the 3rd best quarter in 20 years.
The March median sales price is $2,210,000, down from February's incredible $2,650,000 median sales price.
From our weekly Compass Office meeting:
Active listings are down 26% from this time last year, and that's where the challenge begins for buyers.
Total Inventory as of 4/12 is 97. Last week was 99 and of those 99, 45 units were listed at $5 million and over!
New Listings: 45, last week 34
Pending: 48, last week 41
Closed: 28, last week it was 42
Back on Market: 6
Graphs Courtesy of The Fidelity National Title Group
Thank you! @fidelitychicagosantabarbara
Posted on 04/13/2022 at 02:23 PM
Compass Homes
Our app for finding homes in your city, with your agent.
Compass Markets
Real estate market data in real-time.
Sign up for my weekly
newsletter for info
Montecito Office
1101 Coast Village Road
Santa Barbara CA 93108
805-451-5484
DRE#: 01309181
Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.