For the Santa Barbara Real Estate areas of Montecito for Single Family Homes there were 10 that closed escrow in the last 30 days with a Median Sales Price of $2,400,000 and an Average Sales Price of $2,783,000. 14 properties came on the market with a Median Asking Price of $3,385,000 and an Average Asking Price of $4,312,857. 13 properties are currently in escrow with a Median Asking Price of $2,195,000 and an Average Asking Price of $3,048,076. Currently there are 95 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate area of Montecito Real Estate for Condominiums there was 1 that closed escrow in the last 30 days with a Median Sales Price of $975,000 and an Average Sales Price of $975,000. 5 properties came on the market with a Median Asking Price of $1,295,000 and an Average Asking Price of $1,512,000. 4 properties are currently in escrow with a Median Asking Price of $1,695,000 and an Average Asking Price of $1,866,250. Currently there are 18 Condominiums for sale in the area.
And in more of Santa Barbara Real Estate
Citizens in Carpinteria are attempting to save a 117 year old Torrey pine tree which is believed to be the biggest in the world. The group called Save the Old Pine, or STOP has gotten over 1,000 signatures from residents that are worried about how a proposal to build a mix of commercial and residential units on the 2.2 acre site will affect the tree.
We’ll have to see whether the development forces will prevail, or the citizens committee will come out on top!!
For the Santa Barbara Real Estate areas of Carpinteria Real Estate and Summerland Real Estate for Single Family Homes there were 4 that closed escrow in the last 30 days with a Median Sales Price of $1,210,000 and an Average Sales Price of $1,667,500. 10 properties came on the market with a Median Asking Price of $1,495,000 and an Average Asking Price of $4,155,000. 4 properties are currently in escrow with a Median Asking Price of $969,000 and an Average Asking Price of $1,502,000. Currently there are 38 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Carpinteria and Summerland for Condominiums there were 3 that closed escrow in the last 30 days with a Median Sales Price of $596,900 and an Average Sales Price of $590,633. 12 properties came on the market with a Median Asking Price of $625,000 and an Average Asking Price of $619,158. 5 properties are currently in escrow with a Median Asking Price of $669,000 and an Average Asking Price of $687,200. Currently there are 30 Condominiums for sale in the area.
And in more Santa Barbara Real Estate News…..
The planning commission of Santa Barbara County looked at rezoning 62 acres for new homes that could have as many as 20 housing units per acre last Monday. The driving force behind this rezoning effort is the state mandated 17,532 new home sites that need to be created. This figure includes 6,042 sites in the unincorporated areas for 1,235 families making less than $48,525 per year.
These mandates have created a lot of controversy particularly around the Hollister Avenue and Calle Real areas that already have a considerable amount of congestion.
The group will meet again on Wednesday in the North County where a five person panel will consider whether five Orcutt area properties, a parcel in Vandenberg Village, a site in Mission Hills near Lompoc and three properties in Los Alamos should be included in an environmental review.
There’s obviously going to be a lot of hard looking at a lot these areas that could be used as sites for homes.
In the Goleta North area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is down by 20 for a total of 80 properties currently listed and the New Listings that came on this year are down by 26 for a -27% decrease. The number of sales are also down by 10 for a -14% decrease. With sales down for the area the Average Sales Price also continues to rise. Last year at this time it was $560,588 and this year it’s up to $655,638 for an increase of 16%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate North there are 35 fewer properties on the market right now as opposed to last year for a total of 285, and there are fewer new listings this year with 253 for last year vs. 290 for this year. The sales are down pretty dramatically with 188 this year vs. 212 last year for a -11% decrease. But the Average Sales Price is up from $1,072,622 last year to $1,158,865 this year for a 8% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta North there 2 more properties on the market right now as opposed to last year for a total of 18, and there are 2 more new listing this year with 15 for last year vs. 17 for this year. The sales are also up with 17 this year vs. 15 last year for a 13% increase. But the Average Sales Price is down from $1,202,833 last year to $841,229 this year for a -30% decrease.
In the Goleta South area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by a whopping 35 for a total of 131 properties currently listed and the New Listings that came on this year are up by 31 for a 33% increase. The number of sales is also up by 9 for a 12% increase. With sales up for the area the Average Sales Price also continues to rise. Last year at this time it was $515,757 and this year it’s up to $612,812 for an increase of 18%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate South there are 14 fewer properties on the market right now as opposed to last year for a total of 134, and there are fewer new listings this year with 134 for last year vs. 126 for this year. The sales are down pretty dramatically with 73 this year vs. 112 last year for a -34% decrease. But the Average Sales Price is up from $912,000 last year to $1,025,625 this year for a 12% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta South there 5 fewer properties on the market right now as opposed to last year for a total of 8, and there are 6 fewer new listing this year with 13 for last year vs. 7 for this year. The sales are down with 4 this year vs. 9 last year for a -55% decrease. But the Average Sales Price is up from $957,278 last year to $1,179,500 this year for a 23% increase.
In the Single Family Home market for the Santa Barbara Real Estate area of Hope Ranch there are 15 fewer properties on the market right now as opposed to last year for a total of 62, and there are fewer new listings this year with 65 for last year vs. 47 for this year. The sales are down slightly with 28 this year vs. 34 last year for a -17% decrease. The Average Sales Price is up however from $2,549,724 last year to $3,253,482 this year for a 27% increase.
And in more Santa Barbara Real Estate News…
There’s a local family that’s turned there 1950’s San Roque tract home into one of the most energy efficient places around. They’re currently getting ready to remove the fireplace and put in French Doors to let more light in. Then they’ll take out the leaky windows and put in new double pane glass.
After that they’ll add two bedrooms and a bath to make the whole home about 1,800 square feet of energy efficient living. Construction will begin in about a month and take about six months to complete.
In the West of State St area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by 17 for a total of 171 properties currently listed and the New Listings that came on this year are up by 13 for a 9% increase. The number of sales is also up by 13 for a 12% increase. With sales up for the area the Average Sales Price also continues to rise. Last year at this time it was $702,573 and this year it’s up to $747,771 for an increase of 6%.
In the Single Family Home market for the Santa Barbara Real Estate area of West of State St there are 38 more properties on the market right now as opposed to last year for a total of 397, and there are more new listings this year with 315 for last year vs. 362 for this year. The sales are down however with 218 this year vs. 237 last year for a -8% decrease. But the Average Sales Price is up from $1,020,090 last year to $1,185,851 this year for a 16% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of West of State St there is exactly the same number of properties on the market right now as opposed to last year for a total of 7, but there is 1 more new listing this year with 5 for last year vs. 6 for this year. The sales are down with 3 this year vs. 5 last year for a -40% decrease. But the Average Sales Price is up from $846,400 last year to $1,198,333 this year for a 41% increase.
And for more on Santa Barbara Real Estate…….
The government of Carpinteria has a big decision to make regarding oil and gas extraction by Venoco Inc.. The city definitely needs the revenue, but it’s got to figure out at what price it’s going to get it.
Some local residents strongly oppose the plan and want to end it right now. This comes as Santa Barbara County is wrestling with the Air Pollution Control District’s annual report on “toxic hot spots” which places Venoco’s Carpinteria Gas plant and oil pipeline at No.1 on its list.
Even so, there are other people in town including the City Council which are not willing to dismiss the Venoco proposal altogether.
There’s a lot more chewing to be done on this one before it’s over.
In the East of State St area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by a whopping 62 for a total of 167 properties currently listed and the New Listings that came on this year are up by 59 for a 62% increase. The number of sales is also up by 25 for a 34% increase. With sales up pretty dramatically for the area the Average Sales Price also continues to rise. Last year at this time it was $698,083 and this year it’s up to $871,413 for an increase of 24%.
In the Single Family Home market for the Santa Barbara Real Estate area of East of State St there are 3 fewer properties on the market right now as opposed to last year for a total of 525, and there are fewer new listings this year with 457 for last year vs. 444 for this year. The sales are down with 282 this year vs. 312 last year for a -9% decrease. But the Average Sales Price is up from $1,271,454 last year to $1,470,832 this year for a 15% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of East of State St there is 1 less property on the market right now as opposed to last year for a total of 5, and there are 2 fewer new listing this year with 6 for last year vs. 4 for this year. The sales are also down with 2 this year vs. 5 last year for a -60% decrease. But the Average Sales Price is up from $895,000 last year to $1,305,000 this year for a 45% increase.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by 16 for a total of 56 properties currently listed and the New Listings that came on this year are up by 17 for a 51% increase. The number of sales however is down by 9 for a -21% decrease. Even though sales are off pretty dramatically for the area the Average Sales Price continues to rise. Last year at this time it was $1,307,309 and this year it’s up to $1,541,385 for an increase of 17%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito there are 55 fewer properties on the market right now as opposed to last year for a total of 431, and there are fewer new listings this year with 362 for last year vs. 308 for this year. The sales are down only slightly with 202 this year vs. 204 last year for a -0% decrease. But the Average Sales Price is up slightly from $2,992,266 last year to $3,194,132 this year for a 6% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito there are 5 fewer properties on the market right now as opposed to last year for a total of 3, and there are fewer new listing this year with 7 for last year vs. 2 for this year. The sales are down slightly with 3 this year vs. 4 last year for a -25% decrease. But the Average Sales Price is up from $1,921,250 last year to $2,333,333 this year for a 21% increase.
And in more Santa Barbara Real Estate news….
One Tuesday the Count Board of Supervisors unanimously approved Ty Warner’s plan to renovate the Coral Casino beach club in Montecito
Judge Thomas Anderle allowed the club’s Member Committee to voice its support of the plan so it looks like the renovation of the Coral Casino is a done deal.
It think we finally made it over the last hurdle.
In the Carpinteria/Summerland area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by 16 for a total of 161 properties currently listed and the New Listings that came on this year are up by 9 for a 16% increase. The number of sales however is down by 15 for a -26% decrease. Even though sales are off pretty dramatically for the area the Average Sales Price continues to rise. Last year at this time it was $562,687 and this year it’s up to $650,870 for an increase of 15%.
In the Single Family Home market for the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate there are 5 more properties on the market right now as opposed to last year for a total of 161, and there are more new listings this year with 131 for last year vs. 141 for this year. The sales just like Condos are down pretty dramatically with 66 this year vs. 94 last year for a -29% decrease. But the Average Sales Price is up dramatically from $1,707,648 last year to $2,361,142 this year for a 38% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Carpinteria/Summerland there is 1 less property on the market right now as opposed to last year for a total of 6, but there are exactly the same numbers of new listing this year with 6 for last year vs. 6 for this year. The sales just like Condos are down pretty dramatically with 3 this year vs. 5 last year for a -40% decrease. And the Average Sales Price is down from $1,064,980 last year to $667,333 this year for a -37% decrease.
And in more of Santa Barbara Real Estate….
After years of wrangling over the proposed renovation of the Coral Casino finally there is some group that will speak for the renovation. A committee made up of the member’s of the club will speak in support of the renovation in Superior Court before Judge Thomas Anderle.
This hearing is a precursor for the Dec. 20 date to hear the merits of the lawsuit brought against the proposed renovations. It looks like were finally getting down to the end of this battle. But I've said that before!!!
For Santa Barbara Real Estate for ’05 in Goleta North there have been 181 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closes escrow for those properties was 32 days. The Average Days to Contract which means from the time the property was listed until it went into escrow was 42. This means that properties are on the market for less than two months before they go into escrow making this still a pretty brisk market. The Median Sold price for those properties was $985,000 and the Average Sold price was $1,119,331.
For Santa Barbara Real Estate for ’05 in Goleta Real Estate North there have been 52 Condos Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closed escrow for those properties was 46 days. The Average Days to Contract which means from the time the property was listed until it went into Escrow was 32 days. This means that condos are staying on the market just over one month before going into escrow which again makes this still a fast moving market. The Median Sold price for those properties was $631,000 and the Average Sold price was $651,293.
And for more on Santa Barbara Real Estate..
The Land Trust for Santa Barbara County has preserved nearly 20,000 acres of the county. Parcels from Carpinteria Bluffs, Carpinteria Salt Marsh, Coronado Butterfly Preserve, Gaviota Coast, Arroyo Hondo Preserve, Rancho La Purisima to the Sedgwick Reserve all part their holdings.
In exchange for a lot of the properties Landowners have received tax breaks for giving up the ability to develop this acreage.
For Santa Barbara Real Estate for ’05 in Goleta Real Estate South there have been 70 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closes escrow for those properties was 31 days. The Average Days to Contract which means from the time the property was listed until it went into escrow was 42. This means that properties are on the market for less than two months before they go into escrow making this still a pretty brisk market. The Median Sold price for those properties was $945,500 and the Average Sold price was $1,047,357.
For Santa Barbara Real Estate for ’05 in Goleta South there have been 67 Condos Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closed escrow for those properties was 30 days. The Average Days to Contract which means from the time the property was listed until it went into Escrow was 38 days. This means that condos are staying on the market just over one month before going into escrow which again makes this still a fast moving market. The Median Sold price for those properties was $599,000 and the Average Sold price was $619,630.
And for more on Santa Barbara Real Estate
The House of Representatives passed a spending bill that includes $1 million for the Santa Barbara Coast Rail Track Improvement Project. The bill addresses the problem of congestion on Highway 101 by promoting intercity passenger rail service by coordinating between passenger and freight service.
It has been estimated that about 900 people locally would opt for this service if it was available. The total bill would be somewhere around $80 million and it would take about 5 years to put in place for service between Camarillo and Goleta.
For Santa Barbara Real Estate for ’05 in Hope Ranch Real Estate there have been 24 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closes escrow for those properties was 85 days. The Average Days to Contract which means from the time the property was listed until it went into escrow was 46. This means that properties are on the market for less than two months before they go into escrow making this still a pretty brisk market. The Median Sold price for those properties was $2,700,000 and the Average Sold price was $3,347,229.
For Santa Barbara Real Estate for ’05 in Hope Ranch there has been 1 Condo Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closed escrow for those properties was 35 days. The Average Days to Contract which means from the time the property was listed until it went into Escrow was 29 days. This means that condos are staying on the market just over one month before going into escrow which again makes this still a fast moving market. The Median Sold price for those properties was $910,000 and the Average Sold price was $910,000.
For Santa Barbara Real Estate for ’05 in West of State St there have been 191 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closes escrow for those properties was 41 days. The Average Days to Contract which means from the time the property was listed until it went into escrow was 39. This means that properties are on the market for less than two months before they go into escrow making this still a pretty brisk market. The Median Sold price for those properties was $1,060,000 and the Average Sold price was $1,182,361.
For Santa Barbara Real Estate for ’05 in West of State St there have been 109 Condos Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closed escrow for those properties was 35 days. The Average Days to Contract which means from the time the property was listed until it went into Escrow was 36 days. This means that condos are staying on the market just over one month before going into escrow which again makes this still a fast moving market. The Median Sold price for those properties was $680,000 and the Average Sold price was $745,945.
And in more Santa Barbara Real Estate news….
The Coast Commission has approved a 4 home project near Mesa ratifying a decision by the County Board of Supervisors. The only No vote on the Board was from 2nd District Supervisor Susan Rose.
Environmentalists are upset with the decision saying that the decision is about the “mansionization of the Goleta coast.” They also are concerned that the noise and light from nearby homes could affect sensitive animal species.
For the developer, Mr. Maxwell this is nearing the end of a long process to get the project off the ground.
For Santa Barbara Real Estate for ’05 in East of State St there have been 243 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closes escrow for those properties was 59 days. The Average Days to Contract which means from the time the property was listed until it went into escrow was 39. This means that properties are on the market for less than two months before they go into escrow making this still a pretty brisk market. The Median Sold price for those properties was $1,301,000 and the Average Sold price was $1,428,693.
For Santa Barbara Real Estate for ’05 in East of State St there have been 82 Condos Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closed escrow for those properties was 38 days. The Average Days to Contract which means from the time the property was listed until it went into Escrow was 41 days. This means that condos are staying on the market just over one month before going into escrow which again makes this still a fast moving market. The Median Sold price for those properties was $730,000 and the Average Sold price was $863,699.
And for more in Santa Barbara Real Esate…
As mentioned yesterday the proposed 17,300 square foot home in the Montecito hills is going to stir controversy and that controversy has already started. The neighbors around the home are up in arms, but the Montecito Planning Commission seems less upset.
One of the neighbors called the structure, offensive and ostentatious, but members of the Montecito Planning Commission called it a fantastical design somewhat akin to St. Mark’s Basilica in Venice.
Stay tuned on this one. There’s definitely more to come.
For Santa Barbara Real Estate for ’05 in Montecito there have been 185 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closes escrow for those properties was 106 days. The Average Days to Contract which means from the time the property was listed until it went into escrow was 44. This means that properties are on the market for less than two months before they go into escrow making this still a pretty brisk market. The Median Sold price for those properties was $2,550,000 and the Average Sold price was $3,280,281.
For Santa Barbara Real Estate for ’05 in Montecito Real Estate there have been 25 Condos Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closed escrow for those properties was 26 days. The Average Days to Contract which means from the time the property was listed until it went into Escrow was 35 days. This means that condos are staying on the market just over one month before going into escrow which again makes this still a fast moving market. The Median Sold price for those properties was $1,400,000 and the Average Sold price was $1,565,880.
And in more Santa Barbara Real Estate News…
There’s a proposal for a 17,300 square foot estate to be built in Montecito that is causing some local concern. The structure called “Villa Te” is designed by Santa Barbara native Kurt Wenner and resembles a Byzantine Villa.
The exterior would be rusticated sandstone covered with fig vines and employ carved capitals, columns and arches.
This project looks like it’s going to tae a while and will be chewed on by friend and foes alike.
For Santa Barbara Real Estate for ’05 in Carpinteria/Summerland there have been 59 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closes escrow for those properties was 87 days. The Average Days to Contract which means from the time the property was listed until it went into escrow was 52. This means that properties are on the market for less than two months before they go into escrow making this still a pretty brisk market. The Median Sold price for those properties was $1,400,000 and the Average Sold price was $2,534,455.
For Santa Barbara Real Estate for ’05 in Carpinteria Real Estate / Summerland Real Estate there have been 62 Condos Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it closed escrow for those properties was 38 days. The Average Days to Contract which means from the time the property was listed until it went into Escrow was 36 days. This means that condos are staying on the market just over one month before going into escrow which again makes this still a fast moving market. The Median Sold price for those properties was $656,000 and the Average Sold price was $661,877.
For the Santa Barbara Real Estate area of Goleta North for October ’04 vs. October ’05 in the Single Family Home market 5 fewer homes closed escrow in ’05 as opposed to ’04 with a total of 15 closing escrow this year and 20 last year. The median sold price was up in ’05 at $960,000 compared to $889,000 last year for an increase of 8%. During October ’05 1 more home came on the market with a total of 19 versus 18 last year. The median asking price for October ’05 is $1,110,000 versus $949,000 for last year for an increase of 17%.
For the Santa Barbara Real Estate area of Goleta Real Estate North for October ’04 vs. October ’05 in the Condo market 2 more homes closed escrow in ’05 as opposed to ’04 with a total of 5 closing escrow this year and 3 last year. The median sold price was up in ’05 at $679,000 compared to $579,000 last year for an increase of 17.3%. During October ’05 2 fewer condos came on the market with a total of 5 versus 7 last year. The median asking price for October ’05 is $640,000 versus $699,000 for last year for a decrease of -8.4%
For the Santa Barbara Real Estate area of Goleta Real Estate South for October ’04 vs. October ’05 in the Single Family Home market exactly the same number of homes closed escrow in ’05 as opposed to ’04 with a total of 4 closing escrow this year and 4 last year. The median sold price was up in ’05 at $900,000 compared to $795,000 last year for an increase of 13.2%. During October ’05 10 more homes came on the market with a total of 17 versus 10 last year. The median asking price for October ’05 is $965,000 versus $870,000 for last year for an increase of 10.9%.
For the Santa Barbara Real Estate area of Goleta South for October ’04 vs. October ’05 in the Condo market 1 less home closed escrow in ’05 as opposed to ’04 with a total of 4 closing escrow this year and 5 last year. The median sold price was up in ’05 at $625,000 compared to $562,500 last year for an increase of 11.1%. During October ’05 6 more condos came on the market with a total of 11 versus 5 last year. The median asking price for October ’05 is $525,000 versus $562,500 for last year for a decrease of -9.4`%
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for October ’04 vs. October ’05 in the Single Family Home market 1 less home closed escrow in ’05 as opposed to ’04 with a total of 0 closing escrow this year and 1 last year. The median sold price was down in ’05 at $0 compared to $1,760,000 last year. During October ’05 1 more home came on the market with a total of 5 versus 4 last year. The median asking price for October ’05 is $2,795,000 versus $4,400,000 for last year for a decrease of -36.5%.
For the Santa Barbara Real Estate area of Hope Ranch for October ’04 vs. October ’05 in the Condo market there was no activity.
For the Santa Barbara Real Estate area of West of State St for October ’04 vs. October ’05 in the Single Family Home market 13 fewer homes closed escrow in ’05 as opposed to ’04 with a total of 14 closing escrow this year and 27 last year. The median sold price was up in ’05 at $1,049,000 compared to $885,000 last year for an increase of 18.5%. During October ’05 11more homes came on the market with a total of 29 versus 18 last year. The median asking price for October ’05 is $1,349,000 versus $889,000 for last year for an increase of 51.7%.
For the Santa Barbara Real Estate area of West of State St for October ’04 vs. October ’05 in the Condo market 4 fewer homes closed escrow in ’05 as opposed to ’04 with a total of 6 closing escrow this year and 10 last year. The median sold price was up in ’05 at $689,000 compared to $637,500 last year for an increase of 8.1%. During October ’05 10 fewer condos came on the market with a total of 10 versus 20 last year. The median asking price for October ’05 is $689,000 versus $635,000 for last year for an increase of 8.5%
For the Santa Barbara Real Estate area of East of State St for October ’04 vs. October ’05 in the Single Family Home market 3 fewer homes closed escrow in ’05 as opposed to ’04 with a total of 20 closing escrow this year and 23 last year. The median sold price was up in ’05 at $1,385,000 compared to $1,147,000 last year for an increase of 20.7%. During October ’05 9 more homes came on the market with a total of 33 versus 24 last year. The median asking price for October ’05 is $1,445,000 versus $1,370,000 for last year for an increase of 5.5%.
For the Santa Barbara Real Estate area of East of State St for October ’04 vs. October ’05 in the Condo market 3 more homes closed escrow in ’05 as opposed to ’04 with a total of 9 closing escrow this year and 6 last year. The median sold price was up in ’05 at $895,000 compared to $635,000 last year for an increase of 40.9%. During October ’05 2 more condos came on the market with a total of 8 versus 6 last year. The median asking price for October ’05 is $739,000 versus $675,000 for last year for an increase of 9.5%
…..and in more of Santa Barbara Real Estate news…
For the time being the City Council has withdrawn the proposed Sewer Lateral Ordinance so they can take another look at how best to implement the strategy to fix the broken laterals.
This is a big problem when it rains because when the ground water rises it gets into sewer system via broken laterals, causing the sewer system to overflow into the ocean.
We’ll have to see what ordinance the council comes back with next year.
For the Santa Barbara Real Estate area of Montecito for October ’04 vs. October ’05 in the Single Family Home market 10 fewer homes closed escrow in ’05 as opposed to ’04 with a total of 9 closing escrow this year and 19 last year. The median sold price was also down in ’05 at $2,059,000 compared to $2,450,000 last year for a decrease of -16%. During October ’05 5 fewer homes came on the market with a total of 25 versus 30 last year. The median asking price for October ’05 is $2,950,000 versus $2,945,000 for last year for a decrease of -0.2%.
For the Santa Barbara Real Estate area of Montecito Real Estate for October ’04 vs. October ’05 in the Condo market 2 more homes closed escrow in ’05 as opposed to ’04 with a total of 4 closing escrow this year and 2 last year. The median sold price was up in ’05 at $1,125,000 compared to $965,000 last year for an increase of 16.6%. During October ’05 5 more condos came on the market with a total of 7 versus 2 last year. The median asking price for October ’05 is $1,395,000 versus $1,380,000 for last year for an increase of 1.1%
In more Santa Barbara Real Estate
UCSB has take a big step toward building 3,900 new housing units over the next 12 years designated for students, faculty and, for the first time, the campus support staff. There are going to be 8 new housing developments on campus by 2017.
The first two projects will provide 1,400 multi-storied units earmarked for faculty, staff and graduate students with construction starting between 2007 and 2011.
The big reason for this push is the lack of affordable housing for new hires and students. Couple that with the knowledge that more than 500 faculty and 2,000 support staff are scheduled to retire over the next several years and you’ve got a big problem.
We’ll have to wait to see what impact this has on the school and surrounding area.
For the Santa Barbara Real Estate area of Carpinteria/Summerland for October ’04 vs. October ’05 in the Single Family Home market 5 fewer homes closed escrow in ’05 as opposed to ’04 with a total of 6 closing escrow this year and 11 last year. The median sold price was up however in ’05 at $1,500,000 compared to $945,000 last year for an increase of 58.7%. During October ’05 5 more homes came on the market with a total of 15 versus 10 last year. The median asking price for October ’05 is $1,375,000 versus $1,575,000 for last year for a decrease of -12.7%.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for October ’04 vs. October ’05 in the Condo market 4 fewer homes closed escrow in ’05 as opposed to ’04 with a total of 6 closing escrow this year and 10 last year. The median sold price however was up in ’05 at $596,900 compared to $575,000 last year for an increase of 3.8%. During October ’05 2 more condos came on the market with a total of 12 versus 10 last year. The median asking price for October ’05 is $679,000 versus $545,000 for last year for an increase of 24.6%
For the Santa Barbara Real Estate areas of Goleta Real Estate North for Single Family Homes there were 14 that closed escrow in the last 30 days with a Median Sales Price of $902,500 and an Average Sales Price of $888.214. 19 properties came on the market with a Median Asking Price of $995,000 and an Average Asking Price of $1,362,826. 9 properties are currently in escrow with a Median Asking Price of $950,000 and an Average Asking Price of $933,155. Currently there are 51 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Goleta North for Condominiums there were 4 that closed escrow in the last 30 days with a Median Sales Price of $703,500 and an Average Sales Price of $723,250. 5 properties came on the market with a Median Asking Price of $640,000 and an Average Asking Price of $693,780. 1 property is currently in escrow with a Median Asking Price of $665,000 and an Average Asking Price of $665,000. Currently there are 16 Condominiums for sale in the area.
In more Santa Barbara News
Hope School District officials are seeing the budget continue downward. The options for getting it back in balance are to add or subtract pupils. Hope is a high performing district that gets about a third of their students from outside of its’ boundaries.
Since 1998 about 14 percent of the reserve has gone away so that it is just above 3 percent currently. The district includes the schools Vieja Valley, Hope and Monte Vista has an annual budget of around $9 million.
This is a problem that won’t go away soon so if you’re affected by the Hope District your voice needs to be heard.
For the Santa Barbara Real Estate areas of Goleta South for Single Family Homes there were 7 that closed escrow in the last 30 days with a Median Sales Price of $1,075,000 and an Average Sales Price of $1,363,110. 22 properties came on the market with a Median Asking Price of $999,000 and an Average Asking Price of $1,058,081. 8 properties are currently in escrow with a Median Asking Price of $959,000 and an Average Asking Price of $1,211,612. Currently there are 37 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Goleta Real Estate South for Condominiums there were 6 that closed escrow in the last 30 days with a Median Sales Price of $662,500 and an Average Sales Price of $653,050. 14 properties came on the market with a Median Asking Price of $629,000 and an Average Asking Price of $632,214. 4 properties are currently in escrow with a Median Asking Price of $639,000 and an Average Asking Price of $649,500. Currently there are 27 Condominiums for sale in the area.
And in more Santa Barbara Real Estate news…
The big topic in Real Estate circles is the proposed Sewer Later ordinance. The problem is that the laterals that come out from people’s houses to the street are some times cracked. When it rains heavily the water table rises and that excess water gets into the sewer system causing the system to overflow into the ocean.
The proposal is to have an inspection when the property changes hands. The reasoning is that there is a lot of money at that point to pay for any repairs. The Realtors point is that this is inefficient because only about 700 homes change hands during the year and many homes haven’t been bought or sold for decades. They are suggesting that the Council look at other ways of attacking the problem like a grid system for instance. This type of inspection would look at every lateral in the city in approximately ten years.
Stand by for more on this, it’s going to get interesting.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Single Family Homes there were 0 that closed escrow in the last 30 days with a Median Sales Price of $0 and an Average Sales Price of $0. 6 properties came on the market with a Median Asking Price of $2,695,000 and an Average Asking Price of $2,906,666. 3 properties are currently in escrow with a Median Asking Price of $3,699,000 and an Average Asking Price of $3,498,000. Currently there are 19 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Hope Ranch for Condominiums there was no activity.
For the Santa Barbara Real Estate areas of West of State St for Single Family Homes there were 12 that closed escrow in the last 30 days with a Median Sales Price of $967,500 and an Average Sales Price of $1,150,166. 33 properties came on the market with a Median Asking Price of $1,275,000 and an Average Asking Price of $1,310,257. 16 properties are currently in escrow with a Median Asking Price of $1,049,000 and an Average Asking Price of $1,119,250. Currently there are 98 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of West of State St for Condominiums there were 10 that closed escrow in the last 30 days with a Median Sales Price of $694,450 and an Average Sales Price of $728,390. 15 properties came on the market with a Median Asking Price of $789,000 and an Average Asking Price of $813,393. 12 properties are currently in escrow with a Median Asking Price of $724,000 and an Average Asking Price of $806,500. Currently there are 26 Condominiums for sale in the area.
In other Santa Barbara Real Estate News
A Santa Barbara couple has placed an outdoor fireplace on their deck and their neighbors are at least a little miffed about it. Unfortunately the fireplace is blocking the view of the ocean and mountains that the neighbors used to have.
At this point each of the couples think they’re firmly in the right so we’re at a standstill as to what to do. The fallout to the couple whose view has been blocked is that their property value has possibly been impacted.
This is a story that’s going to keep smoking for quite a while so stay tuned.
For the Santa Barbara Real Estate areas of East of State St for Single Family Homes there were 25 that closed escrow in the last 30 days with a Median Sales Price of $1,385,000 and an Average Sales Price of $1,697,000. 34 properties came on the market with a Median Asking Price of $1,445,000 and an Average Asking Price of $1,590,794. 25 properties are currently in escrow with a Median Asking Price of $1,350,000 and an Average Asking Price of $1,541,608. Currently there are 121 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of East of State St for Condominiums there were 11 that closed escrow in the last 30 days with a Median Sales Price of $895,000 and an Average Sales Price of $1,029,977. 9 properties came on the market with a Median Asking Price of $839,000 and an Average Asking Price of $956,111. 8 properties are currently in escrow with a Median Asking Price of $1,025,000 and an Average Asking Price of $1,310,000. Currently there are 29 Condominiums for sale in the area.
…and more on Santa Barbara Real Estate
The county is looking at turning 66 acres into housing for low-income people.
The acreage is scattered across the county and would be the site for 1,235 homes for low-income families.
The Board of Supervisors formed an ad hoc housing subcommittee in May to look at the how the county can accommodate the state mandated housing.
There is room for a great number of the 6.064 homes that have been mandated for 2003-08 but the homes designated for low-income people have caused dissension.
For the Santa Barbara Real Estate areas of Montecito for Single Family Homes there were 13 that closed escrow in the last 30 days with a Median Sales Price of $3,700,000 and an Average Sales Price of $4,167,576. 26 properties came on the market with a Median Asking Price of $2,795,000 and an Average Asking Price of $4,167,576. 10 properties are currently in escrow with a Median Asking Price of $2,350,000 and an Average Asking Price of $2,280,000. Currently there are 111 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Montecito Real Estate for Condominiums there were 3 that closed escrow in the last 30 days with a Median Sales Price of $1,600,000 and an Average Sales Price of $1,725,000. 8 properties came on the market with a Median Asking Price of $1,395,000 and an Average Asking Price of $1,576,100. 1 property is currently in escrow with a Median Asking Price of $1,425,000 and an Average Asking Price of $1,425,000. Currently there are 18 Condominiums for sale in the area.
More on Santa Barbara Real Estate News
The Carpinteria Valley Water District got an offer from a Texas Oil and Gas Company to buy some of it’s’ water and move it to a Lompoc Valley development.
The Company is interested in about 400 acre-feet of Carpinteria's 2,000 acre-feet allocation of state water or about 20% of their allocation.
The sale would help pay off Carpinteria’s debt of about $100 Million which was the city’s portion of tapping into the State Water supply.
For the Santa Barbara Real Estate areas of Carpinteria and Summerland for Single Family Homes there were 7 that closed escrow in the last 30 days with a Median Sales Price of $1,561,000 and an Average Sales Price of $1,597,285. 16 properties came on the market with a Median Asking Price of $1,375,000 and an Average Asking Price of $1,861,309. 6 properties are currently in escrow with a Median Asking Price of $900,000 and an Average Asking Price of $1,605,666. Currently there are 51 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Carpinteria Real Estate and Summerland Real Estate for Condominiums there were 7 that closed escrow in the last 30 days with a Median Sales Price of $596,900 and an Average Sales Price of $610,700. 11 properties came on the market with a Median Asking Price of $679,000 and an Average Asking Price of $708,445. 5 properties are currently in escrow with a Median Asking Price of $584,000 and an Average Asking Price of $586,380. Currently there are 27 Condominiums for sale in the area.