The Santa Barbara real estate market so far this year has continued at a steady pace that has been the norm for the last three years.  The overall number of sales in the Riviera/Eucalyptus Hill/El Cielito neighborhoods was 18 which is consistent with the quarterly rate in 2025.  However, the median price increased slightly to $3,200,000 mainly due to a strong showing in the luxury segment of the market.

Comparing the first quarter of this year to the same period in 2025 there were fewer sales in the $1 to $3 million and $3 to $6 million segments but a significant increase in the luxury market with a total of 5 sales including 2 over $10 million!  For the most part, the listings in the lower price categories generated strong interest, sold quickly and occasionally got bid up in price.  As an example, my listing at 1535 Loma, which was a charming home on a desirable piece of land that needed a lot of updating, came on the market at $1,695,000.  We received four offers within a few days, and it ended up selling for $1,850,000.  On the other end of the spectrum, 4 of the 5 homes that sold for over $6 million were on the market for several months and experienced significant price adjustments before finding a buyer.

Now that we have entered the Spring season the market is showing its usual level of activity during this busy time of year.  There are currently 21 homes on the market in the Riviera/Eucalyptus Hill/El Cielito neighborhoods and about half of them are in escrow.  Even with recent stock market fluctuations and geopolitical uncertainty the Santa Barbara real estate market remains strong especially for the properties that are positioned correctly and marketed professionally.  Feel free to contact me for a confidential consultation with any of your real estate needs or questions.