Join us as we wrap up 2024 with a comprehensive review of Santa Barbara’s real estate market, focusing on areas East and West of State Street.

For single-family homes, sales saw notable growth compared to 2023. Homes averaged just over a month on the market and sold close to asking prices. The median sale price increased, reflecting strong demand while inventory expanded, providing buyers with more options.

For condos, sales declined slightly, but properties sold quickly. The median sale price experienced a modest dip, suggesting a steady market. Lower inventory compared to 2023 made condo competition more intense.

Looking Ahead, Tune in next week for a deep dive into Goleta’s 2024 performance!

Whether you’re buying, selling, or strategizing your next investment, our team is here to provide tailored advice and guidance. Reach out today!