Real Estate Market Update for Santa Barbara - month of November. Things are slowing down a bit for the holidays, as usual. You’ll see that in the reduced number of sales throughout the various areas. Let’s talk about SB Houses first: as of the end of November there were 72 active listings (up 12% from last year) and 25 sales (down 16% from last year). Houses are selling within 21 days (faster than last month and last year) at 99.7% of the list price. Median sales price for homes was $2,200,000, higher than last month and last November.

Moving to Condos. There were 17 active listings and 13 sales. Condos are selling on average within 32 days at 98.6% of the list price. Median sales price for condos was $1,695,000, 80% higher than last month and 10% higher than last year.

Come back next week to get the latest on Goleta.