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Q4 | South Santa Barbara County Sales

Q4 | South Santa Barbara County Sales

Q4, 2024 - South Santa Barbara County Sales

Overall Market

  • Total Sales: 1,240 transactions, totaling $3.4 billion, up 22% from 2023.

  • Average Price: The average sales price rose to $2.8 million, and the median price increased to $1.71 million.

  • Active Listings: 1,901 listings, reflecting a 13% increase in inventory.

  • Days on Market: Homes sold in an average of 38 days, slightly longer than 2023.

Key Takeaways

  • The luxury market, is thriving with significant demand for homes over $10 million.

  • The broader market saw steady growth, with more listings and slightly longer time on market.

  • Hope Ranch remains a prestigious area, though without the same high-end transactions seen in Montecito.

Looking ahead to 2025, the market continues to show strength, with luxury properties leading the charge.

All Q4 Sales

Back to Q4, 2024 Blog

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Experience, professionalism, and passion have all contributed to our standing in the top ½ % of Berkshire Hathaway agents nationwide. Connect with us today to begin viewing exclusive listings of the finest residences in the area. Whatever your needs, rely on our expertise and of the resources of Berkshire Hathaway to ensure you get the most out of your home investment. Marsha Kotlyar and a team of dedicated Santa Barbara and Montecito luxury real estate agents are here for you. Please explore the website to learn more about the area, our company's top quality services, and our exclusive offerings. We look forward to hearing from you and helping you secure your dream home. Call (805) 565-4014 for a complimentary consultation.

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