Santa Barbara Home Prices & Values

$943,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.8% 1-year change
  • 4.9% 1-year forecast

The median home value in Santa Barbara is $943,500. Santa Barbara home values have gone up 10.8% over the past year and Zillow predicts they will rise 4.9% within the next year. The median list price per square foot in Santa Barbara is $657, which is higher than the Santa Barbara Metro average of $427. The median price of homes currently listed in Santa Barbara is $995,000 while the median price of homes that sold is $866,500.

Foreclosures will be a factor impacting home values in the next several years. In Santa Barbara 1.8 homes are foreclosed (per 10,000). This is lower than the Santa Barbara Metro value of 2.7 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Santa Barbara is 6.1%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Santa Barbara homeowners underwater on their mortgage is 6.0%, which is lower than Santa Barbara Metro at 16.4%.

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Relative ZHVI
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Santa Barbara Market Overview

Data through Jul 31, 2014
  • $943,500 ZHVI
  • 4.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $995,000 Median listing price
  • $866,500 Median sale price
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Santa Barbara Market Health

Data through Jul 31, 2014
  • 9.2/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 6.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes Santa Barbara
2.7 homes Santa Barbara Metro
4.4 homes United States
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Neighborhoods in Santa Barbara

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Upper East $1,220,600 Bel Air $1,063,400 Alta Mesa $1,011,600
Samarkand $916,900 East San Roque $903,000 Hidden Valley $853,100
Hitchcock $792,400 Oak Park $749,400 Westside $734,800

Listings & Sales

Data through Jul 31, 2014
  • $657 Median list price / sq ft
  • $627 Median sale price / sq ft
  • 36.2% Listings with price cut
10.2%
Sold below listing
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Santa Barbara Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,960 Santa Barbara
$2,029 Santa Barbara Metro
$1,318 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $2.67 Rent list price / sq ft
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