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Market Update Summer 2021

Randy Solakian Estates Group | September 1, 2021

Summer 2021 Market Update 

Santa Barbara - Montecito - Hope Ranch 

June 1, 2021 - August 31, 2021

The strong seller's market continued throughout the summer. Low inventory and high buyer demand has decreased the number of days on market and driven up prices. Most homes are selling well above asking price with multiple offers. The high end market ($5 million and above) is particularly active with 46 closed sales between June 1 and August 31, 2021, compared to 31 closed sales for the same period in 2020. 



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