FEBRUARY MARKET UPDATE
Across South Santa Barbara County, activity rebounded in February with 107 closed sales, a 5% increase year over year. Pricing metrics were lower, with the average price down 19% to $2.4M and the median price down 15% to just over $1.6M. This shift was influenced in part by a higher concentration of sales in Santa Barbara and Goleta relative to Montecito, illustrating how monthly data can fluctuate based on where transactions occur.
February was a strong month for our team, with three sales ranging from $4.9M to $14.5M. Activity has carried into March with four sales already, reinforcing what we expect to be a busy spring market.
Montecito
Montecito recorded 12 sales in February, down 40% year over year, with a median price of $3.75M, a 29% decrease. Notably, eight of the twelve sales closed below $4M, a higher concentration than seen a year ago. The most notable transaction was our off-market sale at 633 Parra Grande Lane, which closed for $14.5M.
Santa Barbara
Santa Barbara saw 57 sales, up 16% from February 2025. The median price declined 21% to $1.8M, influenced in part by five sales below $900K compared to none during the same period last year. The most notable sale was 1420 Alameda Padre Serra, which closed for $7.25M.
Hope Ranch
Hope Ranch recorded two sales in February: 4328 Via Esperanza for $8.83M and 4200 Marina Drive for $15.495M.
Summerland
There were no sales in Summerland this month.
Carpinteria
Carpinteria saw four sales this month, with the median price rising 31% to $1.99M. The most notable sale was 7040 Gobernador Canyon Road, which closed for $2.84M.
