Santa Barbara South County MLS Statistics For July 2025

Real Estate Market Update

Here are the SB MLS Statistics for June 2025: https://sbaor.org/clientuploads/2025/Stats/July_2025_stats.pdf

Market Report Highlights:

Home Sales Are Up

• • 78 homes, including PUDs, sold this July — a 35% increase from 58 sales in July 2024.

  • The median sale price rose to $2,302,500, up 24% year-over-year.

  • The average sale price climbed to $3.4 million, reflecting continued demand for higher-end properties.

More Homes Going Into Escrow

• • 93 homes went pending, compared to 63 last July — a clear sign that buyer activity remains strong.

  • Homes spent an average of 43 days on the market, indicating that well-positioned listings are still moving efficiently.

List Prices Keep Rising

• • The median list price increased to $2,287,500 — nearly 25% higher than the same time last year.
  • While sellers continue to price confidently, the average sale is closing at 97% of the list price. This suggests that buyers are still willing to meet expectations, though there may be negotiation room for properties that linger.

Condo Market Remains Strong

• • 28 condominiums sold in July 2025, compared to 21 units in July 2024 — a 33% increase in sales activity.

  • The median condo sale price reached $1,207,500, up from $1,000,000 last year.

  • This consistent growth in both volume and value reflects ongoing demand for low-maintenance living and lock-and-leave options, especially in prime Santa Barbara locations.

Insights for Buyers, Sellers & Investors:

For Sellers

With prices rising and buyer demand accelerating, this remains a favorable market for sellers, especially those prepared to price competitively and market strategically. Presentation and timing remain key to achieving top dollar.

For Buyers

More homes are available, but desirable listings are moving quickly. Buyers who are well-prepared, pre-approved, and decisive will be best positioned to secure properties in a dynamic market.

For Investors

The surge in average sale prices and sustained market velocity suggest strong returns in the high-end segment. Santa Barbara continues to offer exceptional long-term value for discerning investors focused on luxury real estate.

Santa Barbara South County Home Estates, and PUD Active Listings for the Last 12 Months

Santa Barbara South County Number of Homes, Estates, and PUDs Sales Year-to-Date 2008 to 2025

Santa Barbara South County Homes, Estates, and PUD Sales - Year-to-Date 2008 to 2025

Santa Barbara South County Homes, 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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