Santa Barbara South County MLS Statistics For February 2025
Real Estate Market Update
Here are the SB MLS Statistics for February 2025: https://sbaor.org/clientuploads/2025/Stats/February_2025_stats.pdf
Statistic Highlights:
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Median Sales Price is steadily climbing since 2021 from $1,850,000 to $2,815,000 in 2025.
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At the start of February 2025, the average 30-year fixed mortgage rate was 6.89%. This was down slightly from the previous week, when the average rate was 6.95%. In mid-February, the average 30-year fixed mortgage rate was 6.76%. This was a 13 basis point decrease from the beginning of the month, according to Freddie Mac data.
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Although mortgage rates have recently decreased, they remain high compared to the pandemic. This is due to a number of factors, including: high home prices, low inventory, inflation concerns, economic uncertainties, and elevated home prices.
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Increase in median sales price - up 22.7% over last year:
$2,295,000 (2024) to $2,815,000 (2025) -
February Sales 2025: SFR 72 (37 DOM) | Original List Price to Sales Price = 96.54%
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February Sales 2024: SFR 54 (36 DOM) | Original List Price to Sales Price = 93.24%
Santa Barbara South County Active Listings for the Last 12 Months
Santa Barbara South County Number of Home, Estate, and PUD Sales Year-to-Date 2008 to 2025
Santa Barbara South County Median Sales Price of Home, Estates, and PUDs Year-to-Date 2008 to 2025
Santa Barbara South County Home, Estates, and PUD Sales - Month by Month
Santa Barbara South County Home, Estates, and PUD Median Sales Price - Month by Month
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