Santa Barbara Home Prices & Values

$932,700 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

  • 6.9% 1-year change
  • 2.8% 1-year forecast

The median home value in Santa Barbara is $932,700. Santa Barbara home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Santa Barbara is $651, which is higher than the Santa Barbara Metro average of $426. The median price of homes currently listed in Santa Barbara is $959,000 while the median price of homes that sold is $917,525.

Foreclosures will be a factor impacting home values in the next several years. In Santa Barbara 1.0 homes are foreclosed (per 10,000). This is lower than the Santa Barbara Metro value of 2.2 and also lower than the national value of 4.3

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 Aug 31, 2014
  • $932,700 ZHVI
  • 2.8% 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

    (Aug 31, 2015)
  • $959,000 Median listing price
  • $917,525 Median sale price
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Santa Barbara Market Health

Data through Aug 31, 2014
  • 7.9/10 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 home Santa Barbara
2.2 homes Santa Barbara Metro
4.3 homes United States
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Neighborhoods in Santa Barbara

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Upper East $1,270,800 Bel Air $1,086,600 Alta Mesa $1,008,200
Samarkand $930,000 East San Roque $878,100 Hidden Valley $830,900
Hitchcock $771,400 Westside $725,000 Oak Park $718,400

Listings & Sales

Data through Aug 31, 2014
  • $651 Median list price / sq ft
  • $655 Median sale price / sq ft
  • 37.6% Listings with price cut
12.1%
Sold below listing
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Santa Barbara Rentals

Data through Aug 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
$3,050 Santa Barbara
$2,025 Santa Barbara Metro
$1,328 United States
  • 3.6 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, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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