Santa Barbara Monthly Real Estate Report Carpinteria - Goleta | May 2022
DRE# 02117608
MARKET NUMBERS IN REVIEW May 2022 YTD | Carpinteria - Goleta Total Sales
685 (-29% from 2021) Single Family Residences Sales
470 (-32% from 2021) Condominium Sales
215 (-19% from 2021)
Cash Sales YTD 31%
Single Family Residence May 2022 Carpinteria to Goleta
Average Sale Price - YTD
$3,560,226 (+11% from 2021)
Median Sales Price - YTD
$2,250,000 (+13% from 2021)
*Data is from Fidelity National Title & Chicago Title
Single Family Residence
Santa Barbara
Total Sales - YTD
195 Average Sales Price - YTD
$2,678,509 Median Sales Price -YTD
$2,200,000
Condominiums
Single Family Residence
Year to date 2022 Total Sales -YTD 85 Average Sales Prices $1,218,434 Median Sales Prices $920,000
May 2022 Total Sales
49 Average Sales Price
$2,336,340 +26% change from May 2021
Median Sales Price
$1,750,000
*Data is from Fidelity National Title & Chicago Title
+9% change from May 2021
Montecito
Total Sales 99 Average Sales Price $7,412,282 Median Sales Price $5,425,000
Condominiums
Single Family Residence
Year to date 2022 Total Sales 16
Average Sales Price $2,768,813 Median Sales Price $2,825,000
May 2022 Total Sales 16 Average Sales Price $6,483,993 +2% change from May 2021
Median Sales Price $4,825,000
*Data is from Fidelity National Title & Chicago Title
-12% change from May 2021
Hope Ranch
Year to date 2022 Single Family Residence
Total Sales 15 Average Sales Price $7,284,697
Median Sales Price $5,850,000
May 2022 Total Sales 1 Average Sales Price $3,200,000 -43% change from May 2021
Median Sales Price $3,200,000
*Data is from Fidelity National Title & Chicago Title
-20% change from May 2021
Goleta
Total Sales 124 Average Sales Price $1,761,115 Median Sales Price $1,625,000
Condominiums
Single Family Residence
Year to date 2022 Total Sales 76 Average Sales Price $927,510 Average Median Price $851,250
May 2022 Total Sales 52 Average Sales Price $1,514,621 +22% change from May 2021
Median Sales Price $1,350,000
*Data is from Fidelity National Title & Chicago Title
+17% change from May 2021
Carpinteria
Total Sales 30 Average Sales Price $2,411,249 Median Sales Price $1,607,500
Condominiums
Single Family Residence
Year to date 2022 Total Sales 35 Average Sales Price $832,385 Median Sales Price $815,000
May 2022 Total Sales 18 Average Sales Price $2,246,887 +58% change from May 2021
Median Sales Price $1,659,750
*Data is from Fidelity National Title & Chicago Title
+39% change from May 2021
Summerland
Total Sales 7 Average Sales Price $2,456,429 Median Sales Price $2,300,000
Condominiums
Single Family Residence
Year to date 2022 Year To Date 2021 Total Sales 3 Average Sales Price $1,306,667 Median Sales Price $1,075,000
May 2022 Total Sales 4 Average Sales Price $2,205,000 -71% change from May 2021
Median Sales Price $2,175,000
*Data is from Fidelity National Title & Chicago Title
-71% change from May 2021
Some Charts that Home price appreciation hit a record high in March. Exceeding 21%. This was possibly the peak.
Higher mortgage rates point to moderating home price appreciation.
The gap between home prices and wages continues to widen. This was sustainable when mortgage rates dipped below 3% but not now.
Holidays
caught my eye… Demographics will remain a tailwind for the housing market.
Here is a look at household formation split between renters and homeowners.
May ’22 Santa Barbara Real Estate Market Report
For more information please visit my website below
www.caleboverton.com I have some creative ways to help you get top dollar for your home. Let’s start a conversation!
Santa Barbara Real Estate Agent
Caleb Overton
DRE# 02117608