June was no slump in Santa Barbara! The central coast remained a bright spot last month while most of the state suffered median sale price drops, according to newly released numbers from the California Association of Realtors.
In Santa Barbara, the median sale price of existing-homes jumped 38.9 percent in June, up to $1,250,000. Just a month earlier, the median sale price was $900,000.
The leap was due in large part to a monthly sales increase of 11.6 percent at a time when many other surrounding counties saw sales fall last month. (Shout out to California Listings Montecito expert Randy Solakian who had one of the biggest area sales in June with this $18.5 million sale.)
Neighboring San Luis Obispo and Monterey Counties also some nominal sale increases, however the median sale price fell slightly to $905,000 and $854,000, respectively.
Santa Cruz County was the other bright spot on the Central Coast, where the median sale price jumped just 1 percent to $1,325,500 in June. Compared to June 2021, prices were up 12.8 percent. Sales, however, were down 7.9 percent.