Reporting Date: 4th Quarter 2023
Residential Real Estate
Median Home Selling Value
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Carpinteria | $2, 480,974 | $2,631,924 | -5.7% |
Goleta | $1,682,000 | $1,374,018 | 22.4% |
Santa Barbara | $2,150,000 | $2,057,500 | 4.5% |
South Coast | $2,200,000 | $1,785,000 | 23.2% |
Single Family Home Sales YTD
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Carpinteria | 58 | 71 | -18.3% |
Goleta | 151 | 234 | -35.5% |
Santa Barbara | 307 | 396 | -22.5% |
South Coast | 657 | 872 | -24.7% |
Apartments
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Median Rent | $2,599 | $2,503 | 3.8% |
Vacancy Rate | 2.4% | 1.7% | 0.7% |
Building Permits
Residential Building Permits YTD (units)
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Carpinteria | 0 | 2 | -200.0% |
Goleta | 2 | 3 | -33.3% |
Santa Barbara | 107 | 42 | 154.8% |
Commercial Real Estate
Commercial Vacancy Rate
Carpinteria
Current* | 1 Year Ago | % Change | |
---|---|---|---|
Office | 31.3% | 12.6% | 18.7% |
Industrial | 3.3% | 2.4% | 1.6% |
Goleta
Current* | 1 Year Ago | % Change | |
---|---|---|---|
Office | 9.8% | 5.8% | 4.0% |
Industrial | 4.4% | 2.8% | 0.6% |
Santa Barbara
Current* | 1 Year Ago | % Change | |
---|---|---|---|
Office | 12.6% | 8.5% | 4.1% |
Industrial | 0.8% | 0.5% | 0.3% |
Retail | 2.0% | 2.6% | -0.6% |
Workforce
Professionals
0
Changed Jobs
0
Job Posts
0
Engaged Talent
0
Unemployment
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Carpinteria | 3.7% | 2.2% | 1.5% |
Goleta | 2.9% | 2.2% | 0.7% |
Santa Barbara | 3.2% | 2.1% | 1.1% |
South Coast | 3.1% | 2.2% | 0.9% |
Median Household Income
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Carpinteria | $83,882 | $88,211 | -4.9% |
Goleta | $105,612 | $109,392 | -3.5% |
Santa Barbara | $89,644 | $85,334 | 5.1% |
South Coast | $94,900 | $95,312 | 0.6% |
Santa Barbara County Labor Force
Indicator | Current* | 1 Year Ago | % Change |
---|---|---|---|
Labor Force | 228,200 | 226,700 | 1.6% |
County Unemployment | 9,000 | 8,800 | 20.0% |
County Unemployment Rate | 3.9% | 3.9% | 0.6% |
Sales Tax
Taxable Retail Sales (millions)
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Carpinteria | $36.9 | $39.0 | -5.4% |
Goleta | $231.5 | $235.2 | -1.6% |
Santa Barbara | $508.5 | $520.2 | -2.2% |
South Coast Total | $776.8 | $794.4 | -2.2% |
Tourism
Hotel Occupancy Rate
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Santa Barbara South Coast TBID | 78% | 71% | 7% |
City of Santa Barbara | 75% | 68% | 7% |
City of Goleta | 85% | 81% | 4% |
County Unincorporated | 75% | 67% | 8% |
Transient Occupancy Tax (millions)
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Santa Barbara | 2.76 | 2.86 | -3.5% |
Airport Passenger Count
Current* | 1 Year Ago | 1 Year Change | |
---|---|---|---|
Santa Barbara Airport (Monthly Total) | 114,930 | 110,020 | 4.5% |
Santa Barbara Airport (YTD) | 1,173,716 | 1,123,077 | 4.5% |
Cannabis (Santa Barbara County Taxable Sales)
$0
2021
$0
2022
$0
2023
Homelessness
Homeless Residents
City | Current* | 1 Year Ago | 1 Year Change |
---|---|---|---|
Carpinteria | 21 | 39 | -46.2% |
Goleta | 91 | 166 | -45.2% |
Santa Barbara | 882 | 914 | -3.5% |
Other South Coast Areas | 267 | 180 | -2.9% |
Total South Coast | 1261 | 1299 | -2.9% |
Total Santa Barbara County | 1887 | 1962 | -3.8% |
Most Recent Permanent Address of Homeless Individuals
(PIT Count)
0%
0%
0%
0%
0%
Estimated Vehicular Homelessness by City
City | (PIT Count) |
---|---|
Carpinteria | 7 |
Goleta | 32 |
Santa Barbara | 309 |
Poverty
Poverty Rate
City | Current* | 1 Year Ago | % Change |
---|---|---|---|
Carpinteria | 3.0% | 3.9% | -0.9% |
Goleta | 4.8% | 3.3% | 1.5% |
Santa Barbara | 6.9% | 6.9% | 0.0% |
South Coast | 5.5% | 4.9% | 0.6% |
*Data is sourced from various entities and reflects the most-up-to date data available to the public. Some sources may experience reporting delays of 30+ days.