LOS ANGELES — The hottest real-estate markets in the country are still months away from their peak.
But there are some signs of a cooling trend that could accelerate in coming months.
The metro area with the fastest-growing real- estate markets is Santa Barbara, with sales rising by 3.3% year over year to $1.6 billion in July.
The region’s growth slowed to 1.9% in July from 3.2% in June.
The Santa Barbara metro area also had the largest percentage increase in home values in the nation, at 22.2%.
The next-fastest growth is Santa Monica, with a 6.2%, up from 4.4% in the same month last year.
“The housing market is continuing to slow, but the momentum is slowing,” said Greg Wojcicki, senior market analyst at brokerage CBRE.
“You’re seeing that Santa Barbara is slowing down, but Santa Monica is also slowing down.”
The Santa Barbara region’s median home price was $1,813,845 in July, down $1 million from the previous month.
That’s more than double the median for the metro area as a whole.
The median home value in Santa Barbara has increased by more than $300,000.
The Santa Monica metro area saw the largest increase in median home values of all 50 U.S. metro areas in July after a modest drop in June, according to CBRE data.
The average price of a home in the Santa Monica area was $2,738,719, up more than 5% from the June price.
The median home sale price in the San Gabriel Valley, meanwhile, was $564,907, up $140,000 from June.
That was the second-highest increase in San Gabriel in July since September 2014.
The Valley’s median income was $57,945 in June and it is expected to remain higher than that in July as well, according the California Association of Realtors.
That would give a median home income of $99,821 in July — up more in just three months than in the entire prior 12 months.
The Los Angeles metro area has a median income of just $57.24.
For many of the top-performing metro areas, median home prices dropped in July compared to the previous year, which is consistent with the nationwide average.
The top 10 metro areas with the biggest drop in median income were all in California.
Los Angeles saw the biggest increase in June at 6.4%.
The top 5 metro areas that saw the greatest increases in median incomes in July were all located in California: San Diego, San Francisco, San Jose, Santa Ana and Long Beach.
The average price in Los Angeles in July was $3,637,947, up by $200 from June and the second highest in the U.P.A. in that time.
The San Gabriel area had the smallest price increase in July at $2.4 million, but still is more expensive than average.
The other 10 metro area’s median price dropped in June by $835,000, or 9.3%.
The median income for the San Diego metro area was the highest in California for the third consecutive month.
The number of people living in the region is nearly three times the national average.
San Diego has a population of 1.1 million people, according CBRE’s data.
The next-lowest median income in the state was Riverside County, home to Riverside, California, and Riverside is in the Central Valley.
The county’s median household income was just $43,621 in June as compared to $52,819 in June 2015.
The third-lowst median income is Santa Cruz County, which includes Rancho Santa Margarita and Santa Ana.
Santa Cruz has a total population of just under 1 million people.
The fourth-lowth median income, in Rancho Cucamonga, is in West Covina, California.
The city has a combined population of 2.5 million people and a median household Income of $47,085.
The fifth-lowhest median income occurred in Lake Oswego, which covers Lake Osseola and Lake Osceola City.
The community has a metro population of 3.6 million people with a median annual household income of only $33,716.
The sixth-lowdown median income appears to be in Lakeland, home of Lakeland International Airport.
Lakeland has a Metro population of 4.1 billion and a total household Income between $42,065 and $56,766.
The seventh-lowlowest income in Lakeville, home that area of Lake County, was in Lakewood.
The Lakewood metro has a county population of approximately 1.2 million people that is $25,000 below the state’s median of $51,914.
The eighth-lowmost income occurred on