June 2025 Market Snapshot: Santa Barbara County
The Santa Barbara County real estate market showed impressive momentum in June, reflecting growing demand and a steady appetite for coastal living.
Sales Activity on the Rise
A total of 676 properties sold across the county this June, marking an 8% increase over June 2024. Single family residences led the way with 489 sales, up 10% year over year, while condominium sales totaled 187—a 4% increase from the same time last year. This continued growth in sales activity signals renewed confidence and sustained interest across the region.
Pricing Trends Reflect a Shifting Landscape
Single family home values remained strong, with a median sales price of $2,430,000—an 8% increase from June 2024. While the average sales price dipped slightly to $3,658,727 (a 2% decrease), this may reflect a shift in inventory toward more mid-range offerings rather than a cooling of the market.
Condominiums, however, experienced notable appreciation. The average sales price jumped to $1,437,781, a 27% increase year over year, while the median sales price climbed to $1,159,000, up 19%. This sharp rise suggests growing competition in the condo segment, likely driven by buyers seeking access to Santa Barbara’s lifestyle at a more approachable entry point.
What It Means for Buyers and Sellers
For sellers—especially those with well-positioned single family homes or quality condo listings—market conditions remain highly favorable. And for buyers, while competition is increasing, opportunities still exist, particularly for those ready to move quickly in a fast-paced market.
As always, local expertise is key in navigating these shifts. If you’re considering a move or would like a deeper dive into your neighborhood’s performance, I’m here to help.
