Wrapping up quarter one- despite all of the volatility of the rates one thing is consistent- lack of inventory.
In South Santa Barbara County this year Q1 160 sold with a median of $2,055,000 compared to last year 262 sold with a median of $2,251,000. This means sales are down 38%.
In North Ventura County Ojai through Camarillo Q1 this year 450 sold with a median of $966,996 compared to 655 sold with a median of $825,000 demonstrating the rapidly rising prices catching up to neighboring coastal counties.
DATA BY CITY
LTS = List to Sold Price Ratio
Santa Barbara
74 sold
$1,997,000 median list price
$2,010,000 median sold price
26 avg days on market
98.99% LTS
Goleta
45 sold
$1,325,000 median list price
$1,400,000 median sold price
17 avg days on market
101% LTS
Montecito
24 sold
$5,385,000 median list price
$5,100,000 median sold price
41 avg days on market
96.64% LTS
Carpinteria/Summerland
17 sold
$2,549,000 median list price
$2,529,150 median sold price
18 avg days on market
100%. LTS
Hope Ranch
7 sold
$7,750,000 median list price
$7,250,000 median sold price
81 avg days on market
92.44% LTS
Ventura
123 sold
$831,000 median list price
$845,000 median sold price
52 avg days on market
99.23% LTS
Oxnard
130 sold
$707,500 median list price
$706,000 median sold price
43 avg days on market
99.64% LTS
Camarillo
133 sold
$759,900 median list price
$760,000 median sold price
35 avg days on market
99% LTS
Ojai
38 sold
$1,198,500 median list price
$1,225,000 median sold price
43 avg days on market
98.31% LTS
Santa Paula
18 sold
$634,990 median list price
$629,995 median sold price
70 avg days on market
99.54% LTS