09/12/2025
🏡 Santa Barbara Real Estate Market Update – August 2025 🏡
As we close out the summer, the South Coast market is showing some interesting shifts depending on price point and location.
📊 Overall, the year-to-date median sales price is holding strong at $1.91M with 853 closed escrows and just over 3 months of inventory. That means the market overall is still leaning toward sellers, but not as extreme as it has been in the past couple of years.
🔥 Goleta continues to lead as one of the most competitive markets, with a median price of $1.675M and only 1.3 months of inventory. Homes here are moving quickly, and sellers are still seeing strong interest.
🏢 Condos are also in high demand, with a median price of $1.02M and just 2.7 months of inventory. They remain a popular option for buyers looking to get into the market with limited supply driving competition.
📍 Santa Barbara city and Carpinteria/Summerland are more balanced, with around 3 months of inventory and median prices at $2.36M and $2.08M, respectively.
💎 On the other end, Montecito ($6M median) and Hope Ranch ($6.3M median) are seeing more breathing room for buyers, with over 6 months of inventory available. This gives high-end buyers more options and negotiating power than we’ve seen in some time.
✅ Takeaway:
If you’re a seller in Goleta or the condo market, conditions are still very favorable.
If you’re a buyer looking in the luxury segment, now may be the perfect time to explore opportunities while inventory is higher.
No matter which side of the market you’re on, being prepared makes all the difference. If you’re thinking about making a move, I’d love to put my local expertise to work for you.
Robert Rowe 02094586
Keller Williams Santa Barbara
