Santa Barbara, CA 93101 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, median sold price of 1,233,000, signals the representative recent sale level and supports a conclusion of modest price appreciation given broader trends.
2. There is a notable gap between median listing price of 2,362,500 and the median sold price, which suggests pricing friction and that seller expectations may be above realized transaction levels.
3. Market velocity appears subdued: median days on market of 300 points to slower sales velocity and, combined with the sample's characterization of supply, suggests relatively constrained active supply may be limiting turnover rather than driving rapid price growth; treat this as a liquidity constraint signal.
4. Broader trend context is supportive: year-over-year, price is reported as up and rent is reported as up, while interest rate pressure is moderate—this combination implies continued demand resilience (notably in higher-end segments) but with financing costs remaining a headwind; moderate interest rate pressure may temper aggressive bidding.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.