Santa Barbara Monthly Real Estate Report Carpinteria - Goleta | April 2022
DRE# 02117608
MARKET NUMBERS IN REVIEW April 2022 YTD | Carpinteria - Goleta
Total Sales
545 (-28% from 2021) Single Family Residences Sales
378 (-29% from 2021) Condominium Sales
167 (-23% from 2021)
Cash Sales YTD 33%
Single Family Residence April 2022 Carpinteria to Goleta
Average Sale Price - YTD
$3,640,953 (+17% from 2021)
Median Sales Price - YTD
$2,300,000 (+21% from 2021)
*Data is from Fidelity National Title & Chicago Title
Single Family Residence
Santa Barbara
Total Sales - YTD
160 Average Sales Price - YTD
$2,657,435 Median Sales Price -YTD
$2,200,000
Condominiums
Single Family Residence
Year to date 2022 Total Sales -YTD 71 Average Sales Prices $1,214,167 Median Sales Prices $920,000
April 2022 Total Sales
59 Average Sales Price
$2,153,903 +20% change from Apr. 2021
Median Sales Price
$2,000,000
*Data is from Fidelity National Title & Chicago Title
+28% change from Apr. 2021
Montecito
Total Sales 84 Average Sales Price $7,521,513 Median Sales Price $5,462,500
Condominiums
Single Family Residence
Year to date 2022 Total Sales 15
Average Sales Price $2,837,733 Median Sales Price $2,875,000
April 2022 Total Sales 24 Average Sales Price $5,986,657 +3% change from Apr. 2021
Median Sales Price $5,244,133
*Data is from Fidelity National Title & Chicago Title
+24% change from Apr. 2021
Hope Ranch
Year to date 2022 Single Family Residence
Total Sales 14 Average Sales Price $7,576,461
Median Sales Price $5,937,500
April 2022 Total Sales 5 Average Sales Price $11,613,090 +112% change from Apr. 2021
Median Sales Price $12,000,000
*Data is from Fidelity National Title & Chicago Title
+126% change from Apr. 2021
Goleta
Total Sales 97 Average Sales Price $1,710,848 Median Sales Price $1,585,000
Condominiums
Single Family Residence
Year to date 2022 Total Sales 51 Average Sales Price $865,814 Average Median Price $800,000
April 2022 Total Sales 34 Average Sales Price $1,593,727 +13% change from Apr. 2021
Median Sales Price $1,513,050
*Data is from Fidelity National Title & Chicago Title
+38% change from Apr. 2021
Carpinteria
Total Sales 19 Average Sales Price $1,950,842 Median Sales Price $1,500,000
Condominiums
Single Family Residence
Year to date 2022 Total Sales 28 Average Sales Price $855,750 Median Sales Price $815,500
April 2022 Total Sales 11 Average Sales Price $1,863,409 +63% change from Apr. 2021
Median Sales Price $825,000
*Data is from Fidelity National Title & Chicago Title
-1% change from Apr. 2021
Summerland
Total Sales 4 Average Sales Price $2,548,750 Median Sales Price $2,350,000
Condominiums
Single Family Residence
Year to date 2022 Year To Date 2021 Total Sales 2 Average Sales Price $1,050,000 Median Sales Price $1,050,000
April 2022 Total Sales 3 Average Sales Price $1,623,333 -6% change from Apr. 2021
Median Sales Price $1,845,000
*Data is from Fidelity National Title & Chicago Title
+7% change from Apr. 2021
Some Charts that
After covid broke out in March of 2020, the 10year Treasury dropped to historic lows and spent most of 2020 below 1%. In 2021 the 10-year was hovering between 1% - 1.8%. In 2022, yields slowly started to drift upward, then in March, exploded higher from 1.8% to +/-3%.
Holidays
caught my eye…
Rising bond yields usually leads to higher mortgage rates. Bond yields rise usually when the Federal Reserve raising short-term rates. More importantly are the future expectations of Fed rate increases. You can see in the chart above, in 2022, the mortgage market immediately prices in multiple Fed rate hikes, even before the Federal Reserve actually raised rates.
April ’22 Santa Barbara Real Estate Market Report
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Santa Barbara Real Estate Agent
Caleb Overton
DRE# 02117608