2020 Record Real Estate Year in Santa Barbara
by Kalia Rork Santa Barbara posted record high real estate prices in 2020. Every district, from Goleta to Carpinteria, recorded the highest median sales prices ever in our area. Many people were surprised by the brisk pace of real estate sales, increasing demand, and higher prices here during the summer and fall -- even with the restrictions of the pandemic. Rather...
2019 Year-End Review
The 2019 median sales prices of houses in Santa Barbara reached $1,286,000 at year end. This surpasses the previous highest price of $1,250,000 in 2005. We've reached the highest median price for houses ever! The market is strong, prices continue to rise (although at a slower rate), and inventory is low. The graph above shows median price from 2004 through 2019...
Third Quarter 2019 Statistical Analysis
Third-Quarter 2019 South Coast Santa Barbara Real Estate Market Update Santa Barbara Association of Realtors, by Kalia J. Rork It’s fall and change is in the air. Many news articles, and certainly real estate industry publications, predict that the real estate market is changing, too. “Get ready for a changing market!” is a common headline. But is our local real estate market changing?...
2018 RECAP Santa Barbara Real Estate Market
2018 Real Estate Prices This article first appeared in the Santa Barbara News-Press and Voice in February, 2019. It was a little over a year ago that our Santa Barbara communities were beginning to come to terms with the extent of the human toll and property damage from the double tragedies of the Thomas Fire and the debris flow. When I wrote...