For Santa Barbara Real Estate for ’05 in Hope Ranch Real Estate there have been 29 Single Family Residents 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 went into escrow for those properties was 81 days. The Average Days to Close which means the time the property was in Escrow was 47 days. This means that from start to finish was a total of 128 days. The Median Sold price for those properties was $2,700,000 and the Average Sold price was $3,340,711.
For Santa Barbara Real Estate for ’05 in Hope Ranch there was negligible activity.
For Santa Barbara Real Estate for ’05 in West of State St there have been 243 Single Family Residents 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 went into escrow for those properties was 43 days. The Average Days to Close which means the time the property was in Escrow was 38 days. This means that from start to finish was a total of 71 days. The Median Sold price for those properties was $1,050,000 and the Average Sold price was $1,171,152.
For Santa Barbara Real Estate for ’05 in West of State St there have been 121 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 went into escrow for those properties was 39 days. The Average Days to Close which means the time the property was in Escrow was 37 days. This means that from start to finish was a total of 76 days. The Median Sold price for those properties was $689,000 and the Average Sold price was $756,811.
For Santa Barbara Real Estate for ’05 in East of State St there have been 310 Single Family Residents 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 went into escrow for those properties was 61 days. The Average Days to Close which means the time the property was in Escrow was 40 days. This means that from start to finish was a total of 101 days. The Median Sold price for those properties was $1,320,000 and the Average Sold price was $1,457,317.
For Santa Barbara Real Estate for ’05 in East of State St there have been 94 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 went into escrow for those properties was 38 days. The Average Days to Close which means the time the property was in Escrow was 40 days. This means that from start to finish was a total of 78 days. The Median Sold price for those properties was $734,100 and the Average Sold price was $877,785.
For Santa Barbara Real Estate for ’05 in Montecito Real Estate there have been 221 Single Family Residents 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 went into escrow for those properties was 106 days. The Average Days to Close which means the time the property was in Escrow was 43 days. This means that from start to finish was a total of 149 days. The Median Sold price for those properties was $2,450,000 and the Average Sold price was $3,205,719.
For Santa Barbara Real Estate for ’05 in Montecito Real Estate there have been 27 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 went into escrow for those properties was 28 days. The Average Days to Close which means the time the property was in Escrow was 35 days. This means that from start to finish was a total of 73 days. The Median Sold price for those properties was $1,450,000 and the Average Sold price was $1,565,629.
And in more Santa Barbara Real Estate News….
Santa Barbara’s roundabouts are in the news. These constructions which usually sit in the middle of intersections are meant to both slow down and speed up traffic. Instead of stopping at a stop sign the driver goes around them hopefully at a slower speed.
The problem is they don’t seem to be slowing many people down. They are called “traffic-calming” but every time I go through one I feel more uptight. The plan is to install dozens of these things in the Upper East Side and around the Samarkand and Oak Park neighborhoods.
But there is currently a movement to kill the whole plan. People say they are unsafe, in the wrong spots and there is no real need for them in residential neighborhoods.
This should be a fun one to watch so hang on!!
For Santa Barbara Real Estate for ’05 in Carpinteria Real Estate / Summerland Real Estate there have been 75 Single Family Residents 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 went into escrow for those properties was 80 days. The Average Days to Close which means the time the property was in Escrow was 48 days. This means that from start to finish was a total of 128 days. The Median Sold price for those properties was $1,295,000 and the Average Sold price was $2,395,565.
For Santa Barbara Real Estate for ’05 in Carpinteria Real Estate / Summerland Real Estate there have been 68 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 went into escrow for those properties was 36 days. The Average Days to Close which means the time the property was in Escrow was 36 days. This means that from start to finish was a total of 72 days. The Median Sold price for those properties was $658,500 and the Average Sold price was $666,373.
For the Santa Barbara Real Estate area of Goleta Real Estate North for Single Family Homes there were 10 that closed escrow in the last 30 days with a Median Sales Price of $915,000 and an Average Sales Price of $1,122,200. 7 properties came on the market with a Median Asking Price of $1,025,000 and an Average Asking Price of $1,266,285. 12 properties are currently in escrow with a Median Asking Price of $950,000 and an Average Asking Price of $997,624. Currently there are 32 Single Family Residences for sale in the area.
For the Santa Barbara Real Estate area of Goleta Real Estate North for Condominiums there were 2 that closed escrow in the last 30 days with a Median Sales Price of $545,000 and an Average Sales Price of $545,000. 5 properties came on the market with a Median Asking Price of $635,000 and an Average Asking Price of $625,600. 5 properties are currently in escrow with a Median Asking Price of $610,000 and an Average Asking Price of $581,300. Currently there are 13 Condominiums for sale in the area.
For the Santa Barbara Real Estate area of Goleta Real Estate South for Single Family Homes there were 13 that closed escrow in the last 30 days with a Median Sales Price of $910,000 and an Average Sales Price of $1,078,344. 7 properties came on the market with a Median Asking Price of $1,030,000 and an Average Asking Price of $1,048,428. 5 properties are currently in escrow with a Median Asking Price of $919,000 and an Average Asking Price of $938,200. Currently there are 22 Single Family Residences for sale in the area.
For the Santa Barbara Real Estate area of Goleta Real Estate South for Condominiums there were 3 that closed escrow in the last 30 days with a Median Sales Price of $710,000 and an Average Sales Price of $674,666. 7 properties came on the market with a Median Asking Price of $689,000 and an Average Asking Price of $655,000. 6 properties are currently in escrow with a Median Asking Price of $514,000 and an Average Asking Price of $584,833. Currently there are 32 Condominiums for sale in the area.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for Single Family Homes there were 2 that closed escrow in the last 30 days with a Median Sales Price of $3,262,500 and an Average Sales Price of $3,262,500. 0 properties came on the market. 0 properties are currently in escrow. Currently there are 14 Single Family Residences for sale in the area.
For the Santa Barbara Real Estate area of Hope Ranch for Condominiums there was no activity.
For the Santa Barbara Real Estate area of West of State St for Single Family Homes there were 14 that closed escrow in the last 30 days with a Median Sales Price of $945,000 and an Average Sales Price of $1,071,642. 12 properties came on the market with a Median Asking Price of $1,125,000 and an Average Asking Price of $1,305,416. 20 properties are currently in escrow with a Median Asking Price of $919,000 and an Average Asking Price of $1,104,850. Currently there are 68 Single Family Residences for sale in the area.
For the Santa Barbara Real Estate area of West of State St for Condominiums there were 11 that closed escrow in the last 30 days with a Median Sales Price of $900,000 and an Average Sales Price of $872,381. 7 properties came on the market with a Median Asking Price of $689,000 and an Average Asking Price of $674,842. 3 properties are currently in escrow with a Median Asking Price of $675,000 and an Average Asking Price of $671,166. Currently there are 24 Condominiums for sale in the area.
For the Santa Barbara Real Estate area of East of State St for Single Family Homes there were 20 that closed escrow in the last 30 days with a Median Sales Price of $1,695,000 and an Average Sales Price of $1,878,835. 21 properties came on the market with a Median Asking Price of $1,685,000 and an Average Asking Price of $1,823,428. 25 properties are currently in escrow with a Median Asking Price of $1,299,000 and an Average Asking Price of $1,528,051. Currently there are 94 Single Family Residences for sale in the area.
For the Santa Barbara Real Estate area of East of State St for Condominiums there were 6 that closed escrow in the last 30 days with a Median Sales Price of $925,000 and an Average Sales Price of $1,069,083. 7 properties came on the market with a Median Asking Price of $950,000 and an Average Asking Price of $1,119,214. 5 properties are currently in escrow with a Median Asking Price of $799,500 and an Average Asking Price of $1,233,540. Currently there are 28 Condominiums for sale in the area.
And in more of Santa Barbara Real Estate News…
Three groups calling themselves the Coalition for Sensible Planning, the Citizens Planning Association and the Allied Neighborhood Association has asked the city planners approval of a project proposed for upper State St.
The developer of the project is Barry Berkus and the plan is to put in 55 one-bedroom condos, with 17 of them to be sold at below market rates. The condos would be the now familiar formula of placing them above commercial space. The old “living over the store” concept.
As usual there are neighborhood groups who are appealing the development citing density issues and increased traffic.
The City Council will on the plan in a special meeting on Feb. 28
For the Santa Barbara Real Estate area of Montecito Real Estate for Single Family Homes there were 11 that closed escrow in the last 30 days with a Median Sales Price of $2,050,000 and an Average Sales Price of $2,561,590. 16 properties came on the market with a Median Asking Price of $2,175,000 and an Average Asking Price of $4,092,125. 13 properties are currently in escrow with a Median Asking Price of $2,250,000 and an Average Asking Price of $2,835,769. Currently there are 93 Single Family Residences 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 $1,525,000 and an Average Sales Price of $1,525,000. 4 properties came on the market with a Median Asking Price of $1,999,000 and an Average Asking Price of $2,038,500. 2 properties are currently in escrow with a Median Asking Price of $1,395,000 and an Average Asking Price of $1,545,000. Currently there are 20 Condominiums for sale in the area.
And in more Santa Barbara Real Estate News….
When it comes to plans for expansion the Goleta council has decided to take the advice of the old song, “let’s call the whole thing off.” In a move which gladdens the hearts of all of us “Noleta” people the city council unanimously decided not to seek to expand its sphere of influence.
It’s unclear whether this will embolden those who wish to be under the sphere of influence of Santa Barbara however. Yesterday’s news didn’t seem to get them excited one way or another.
The council did leave the door open identifying an area from El Capitan to Santa Barbara and from the Los Padres National Forest to the ocean as an “area of interest.” Man, that’s a big area.
In another vote the council identified five neighborhoods connected to its current borders as “future city service areas.”
For now the future is bright for “Noleta” but this could change on a moment’s notice.
For the Santa Barbara Real Estate areas of Carpinteria Real Estate and Summerland Real Estate for Single Family Homes there were 5 that closed escrow in the last 30 days with a Median Sales Price of $969,000 and an Average Sales Price of $1,567,800. 9 properties came on the market with a Median Asking Price of $1,659,950 and an Average Asking Price of $6,897,438. 7 properties are currently in escrow with a Median Asking Price of $999,000 and an Average Asking Price of $1,387,285. Currently there are 38 Single Family Residences for sale in the area.
For the Santa Barbara Real Estate areas of Carpinteria Real Estate and Summerland Real Estate for Condominiums there were 2 that closed escrow in the last 30 days with a Median Sales Price of $574,000 and an Average Sales Price of $574,000. 8 properties came on the market with a Median Asking Price of $649,000 and an Average Asking Price of $671,000. 4 properties are currently in escrow with a Median Asking Price of $490,000 and an Average Asking Price of $609,625. Currently there are 28 Condominiums for sale in the area.
And in more on Santa Barbara Real Estate News…..
The Goleta officials on Monday urged the citizenry to form Neighborhood Watch groups. This looks like the city is gearing up to accommodate an increase in participation for the program.
At this point its unclear how many Neighborhood Watch groups are already in place?
So it will be interesting to see how the city determines there are more groups.
For Santa Barbara Real Estate for ’05 in Goleta Real Estate North there have been 189 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 went into escrow for those properties was 32 days. The Average Days to Close which means the time the property was in Escrow was 41 days. This means that from start to finish was a total of 73 days. The Median Sold price for those properties was $965,000 and the Average Sold price was $1,115,592.
For Santa Barbara Real Estate for ’05 in Goleta Real Estate North there have been 53 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 went into escrow for those properties was 47 days. The Average Days to Close which means the time the property was in Escrow was 32 days. This means that from start to finish was a total of 79 days. The Median Sold price for those properties was $628,000 and the Average Sold price was $649,759.
And in more Santa Barbara Real Estate news…..
The county is easing restrictions on Solar Energy. Under the new rule, all solar panels mounted next to buildings would require only a permit, instead of a hearing before planning officials.
This ruling effects not only Santa Barbara, but Montecito, Summerland, Toro and Missions Canyons.
Only health and safety concerns need to be addressed.
So, let the sun shine in......
For Santa Barbara Real Estate for ’05 in Goleta Real Estate South there have been 77 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 went into escrow for those properties was 35 days. The Average Days to Close which means the time the property was in Escrow was 42 days. This means that from start to finish was a total of 77 days. The Median Sold price for those properties was $945,000 and the Average Sold price was $1,059,253.
For Santa Barbara Real Estate for ’05 in Goleta Real Estate South there have been 69 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 went into escrow for those properties was 31 days. The Average Days to Close which means the time the property was in Escrow was 38 days. This means that from start to finish was a total of 69 days. The Median Sold price for those properties was $599,000 and the Average Sold price was $620,713.
For Santa Barbara Real Estate for ’05 in Hope Ranch Real Estatethere have been 26 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 went into escrow for those properties was 82 days. The Average Days to Close which means the time the property was in Escrow was 46 days. This means that from start to finish was a total of 128 days. The Median Sold price for those properties was $2,700,000 and the Average Sold price was $3,340,711.
For Santa Barbara Real Estate for ’05 in Hope Ranch for condos there was not significant news.
And in more of Santa Barbara Real Estate News….
The Goleta plan for growth may have just met a roadblock at the State level because of its proposal for affordable housing. Because of the way Goleta has structure their plan builders are saying that it just won’t work to provide affordable housing.
Up to 55 percent of some projects have been designated at “affordable” by the council. The real question is whether the Housing and Community Development officials in Sacramento are going to view the proposal as a carrot or a stick for new construction.
If the proposal is viewed as actually hindering growth instead of promoting it, the plan could be DOA forcing Goleta to re-write it.
This one is going to take a while and a lot of talking to get ironed out.
For Santa Barbara Real Estate for ’05 in West of State St there have been 204 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 went into escrow for those properties was 42 days. The Average Days to Close which means the time the property was in Escrow was 38 days. This means that from start to finish was a total of 80 days. The Median Sold price for those properties was $1,058,000 and the Average Sold price was $1,177,132.
For Santa Barbara Real Estate for ’05 in West of State there have been 118 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 went into escrow for those properties was 39 days. The Average Days to Close which means the time the property was in Escrow was 37 days. This means that from start to finish was a total of 76 days. The Median Sold price for those properties was $689,000 and the Average Sold price was $757,743.
For Santa Barbara Real Estate for ’05 in East of State St there have been 256 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 went into escrow for those properties was 58 days. The Average Days to Close which means the time the property was in Escrow was 39 days. This means that from start to finish was a total of 97 days. The Median Sold price for those properties was $1,310,000 and the Average Sold price was $1,431,848.
For Santa Barbara Real Estate for ’05 in East of State there have been 88 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 went into escrow for those properties was 37 days. The Average Days to Close which means the time the property was in Escrow was 40 days. This means that from start to finish was a total of 77 days. The Median Sold price for those properties was $731,600 and the Average Sold price was $877,861.
And in more of Santa Barbara Real Estate News…
As we mentioned a few days ago the Montecito Water District was considering leveling the water rates for everybody. Well, guess what??? They did it. This means about 5 percent of the district customers will have their rates about doubled by 2010.
The vote was unanimous to increase the rates of all customers, except the commercial accounts, by 5 percent. They also agreed to raise monthly services changes by 6 percent for everybody.
For Santa Barbara Real Estate for ’05 in Montecito Real Estate there have been 193 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 went into escrow for those properties was 105 days. The Average Days to Close which means the time the property was in Escrow was 44 days. This means that from start to finish was a total of 149 days. The Median Sold price for those properties was $2,550,000 and the Average Sold price was $3,241,215.
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 went into escrow for those properties was 26 days. The Average Days to Close which means the time the property was in Escrow was 35 days. This means that from start to finish was a total of 61 days. The Median Sold price for those properties was $1,400,000 and the Average Sold price was $1,565,880.
For Santa Barbara Real Estate for ’05 in Carpinteria Real Estate / Summerland Real Estate there have been 64 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 went into escrow for those properties was 87 days. The Average Days to Close which means the time the property was in Escrow was 51 days. This means that from start to finish was a total of 138 days. The Median Sold price for those properties was $1,347,500 and the Average Sold price was $2,453,154.
For Santa Barbara Real Estate for ’05 in Carpinteria Real Estate / Summerland Real Estate there have been 64 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 went into escrow for those properties was 37 days. The Average Days to Close which means the time the property was in Escrow was 36 days. This means that from start to finish was a total of 73 days. The Median Sold price for those properties was $656,500 and the Average Sold price was $661,178.
And in more on Santa Barbara Real Estate…
The long awaited Ritz Carlton project at the foot of State St may be moving forward. Bill Levy paid the city $1.4 million in fees and pulled a building permit on the project. If the fees hadn’t been paid the approval on the project would have expired.
The pulling of permits is a significant move and makes it certainly appear at least as though the project will now move forward. If the project does get built, at $175 million it would be the biggest, most expensive commercial project in Santa Barbara’s history.
Unfortunately the financing on the project is still in limbo awaiting a $115 million construction loan. Mr. Levy has 6 months to begin construction on the project, but could still get a six month extension on the permit.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eleven months of ’05 in the Single Family Home market 188 homes closed escrow with a median sold price of $965,000 and an average sold price of $1,111,978. 239 homes came on the market with a median asking price of $995,000 and an average asking price of $1,214,172. Also for that period 182 properties went into escrow, 19 were withdrawn from the market, 25 listings cancelled, 42 expired and 37 came back on the market. Currently there are 42 homes for sale in the area.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eleven months of ’05 in the Condo market 53 condos closed escrow with a median sold price of $628,000 and an average sold price of $649,759. 60 condos came on the market with a median asking price of $649,000 and an average asking price of $658,251. Also for that period 46 properties went into escrow, 3 were withdrawn from the market, 8 listings cancelled, 3 expired and 6 came back on the market. Currently there are 16 condos for sale in the area.
And in more of Santa Barbara Real Estate News…
Currently a Palmer Jackson, a Montecito resident is paying less for his water than his neighbors and the water board is going to look into it. A proposal to equalize water rates for all of the district’s 4,500 customers is landing on the district’s desk.
The proposal would more than double the water rate for 40 agricultural customers including Mr. Jackson who owns and operates a 100-acre avocado and citrus farm off of East Valley Rd.
This should be a fun one to watch so stay tuned for more.
For the Santa Barbara Real Estate area of
Goleta Real Estate South for the first eleven months of ’05 in the Single Family Home market 74 homes closed escrow with a median sold price of $953,000 and an average sold price of $1,066,670. 112 homes came on the market with a median asking price of $979,000 and an average asking price of $1,084,960. Also for that period 81 properties went into escrow, 13 were withdrawn from the market, 14 listings cancelled, 16 expired and 20 came back on the market. Currently there are 19 homes for sale in the area.
For the Santa Barbara Real Estate area of
Goleta Real Estate South for the first eleven months of ’05 in the Condo market 69 condos closed escrow with a median sold price of $599,000 and an average sold price of $620,713. 109 condos came on the market with a median asking price of $609,000 and an average asking price of $625,546. Also for that period 71 properties went into escrow, 4 were withdrawn from the market, 9 listings cancelled, 9 expired and 12 came back on the market. Currently there are 32 condos for sale in the area.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first eleven months of ’05 in the Single Family Home market 25 homes closed escrow with a median sold price of $2,700,000 and an average sold price of $3,310,340. 40 homes came on the market with a median asking price of $3,599,000 and an average asking price of $5,498,839. Also for that period 25 properties went into escrow, 3 were withdrawn from the market, 9 listings cancelled, 8 expired and 6 came back on the market. Currently there are 15 homes for sale in the area.
For the Santa Barbara Real Estate area of Hope Ranch for the first eleven months of ’05 in the Condo market there was no activity.
For the Santa Barbara Real Estate area of West of State St for the first eleven months of ’05 in the Single Family Home market 201 homes closed escrow with a median sold price of $1,060,000 and an average sold price of $1,179,866. 310 homes came on the market with a median asking price of $1,175,000 and an average asking price of $1,273,281. Also for that period 201 properties went into escrow, 38 were withdrawn from the market, 34 listings cancelled, 54 expired and 51 came back on the market. Currently there are 83 homes for sale in the area.
For the Santa Barbara Real Estate area of West of State St for the first eleven months of ’05 in the Condo market 116 condos closed escrow with a median sold price of $689,000 and an average sold price of $758,747. 144 condos came on the market with a median asking price of $689,000 and an average asking price of $735,589. Also for that period 115 properties went into escrow, 17 were withdrawn from the market, 9 listings cancelled, 14 expired and 15 came back on the market. Currently there are 25 condos for sale in the area.
For the Santa Barbara Real Estate area of East of State St for the first eleven months of ’05 in the Single Family Home market 251 homes closed escrow with a median sold price of $1,301,000 and an average sold price of $1,428,727. 382 homes came on the market with a median asking price of $1,350,000 and an average asking price of $1,525,301. Also for that period 268 properties went into escrow, 43 were withdrawn from the market, 47 listings cancelled, 79 expired and 71 came back on the market. Currently there are 99 homes for sale in the area.
For the Santa Barbara Real Estate area of East of State St for the first eleven months of ’05 in the Condo market 87 condos closed escrow with a median sold price of $730,000 and an average sold price of $875,480. 135 condos came on the market with a median asking price of $835,000 and an average asking price of $995,336. Also for that period 90 properties went into escrow, 11 were withdrawn from the market, 19 listings cancelled, 15 expired and 19 came back on the market. Currently there are 27 condos for sale in the area.
For the Santa Barbara Real Estate area of
Montecito Real Estate for the first eleven months of ’05 in the Single Family Home market 190 homes closed escrow with a median sold price of $2,550,000 and an average sold price of $3,267,682. 266 homes came on the market with a median asking price of $2,895,000 and an average asking price of $4,067,716. Also for that period 186 properties went into escrow, 37 were withdrawn from the market, 43 listings cancelled, 100 expired and 51 came back on the market. Currently there are 99 homes for sale in the area.
For the Santa Barbara Real Estate area of
Montecito Real Estate for the first eleven months of ’05 in the Condo market 25 condos closed escrow with a median sold price of $1,400,000 and an average sold price of $1,565,880. 46 condos came on the market with a median asking price of $1,595,000 and an average asking price of $1,667,691. Also for that period 25 properties went into escrow, 3 were withdrawn from the market, 4 listings cancelled, 7 expired and 8 came back on the market. Currently there are 20 condos for sale in the area.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first eleven months of ’05 in the Single Family Home market 63 homes closed escrow with a median sold price of $1,295,000 and an average sold price of $2,431,776. 119 homes came on the market with a median asking price of $1,495,000 and an average asking price of $2,385,275. Also for that period 65 properties went into escrow, 17 were withdrawn from the market, 16 listings cancelled, 25 expired and 21 came back on the market. Currently there are 39 homes for sale in the area.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first eleven months of ’05 in the Condo market 63 condos closed escrow with a median sold price of $655,000 and an average sold price of $661,053. 114 condos came on the market with a median asking price of $649,000 and an average asking price of $665,381. Also for that period 66 properties went into escrow, 16 were withdrawn from the market, 16 listings cancelled, 16 expired and 15 came back on the market. Currently there are 29 condos for sale in the area.
For the Santa Barbara Real Estate areas of
Goleta Real Estate North for Single Family Homes there were 11 that closed escrow in the last 30 days with a Median Sales Price of $960,000 and an Average Sales Price of $950,000. 14 properties came on the market with a Median Asking Price of $924,000 and an Average Asking Price of $1,311,064. 6 properties are currently in escrow with a Median Asking Price of $1,289,000 and an Average Asking Price of $1,685,083. Currently there are 47 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of
Goleta Real Estate North for Condominiums there were 3 that closed escrow in the last 30 days with a Median Sales Price of $679,000 and an Average Sales Price of $676,000. 3 properties came on the market with a Median Asking Price of $710,000 and an Average Asking Price of $756,300. 2 properties are currently in escrow with a Median Asking Price of $529,500 and an Average Asking Price of $564,250. Currently there are 14 Condominiums for sale in the area.
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 $900,000 and an Average Sales Price of $942,089. 7 properties came on the market with a Median Asking Price of $949,000 and an Average Asking Price of $1,049,357. 12 properties are currently in escrow with a Median Asking Price of $917,000 and an Average Asking Price of $940,416. Currently there are 21 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Goleta South for Condominiums there were 2 that closed escrow in the last 30 days with a Median Sales Price of $712,500 and an Average Sales Price of $712,500. 9 properties came on the market with a Median Asking Price of $699,000 and an Average Asking Price of $721,327. 4 properties are currently in escrow with a Median Asking Price of $599,000 and an Average Asking Price of $676,750. Currently there are 32 Condominiums for sale in the area.
And in more Santa Barbara Real Estate News
In response to inquiries earlier in the week developer William Levy expressed optimism about putting together his $175 million timeshare plan. The current plan is to get a city building permit for which the city will charge $1.4 million in fees.
Mr. Levy also needs to provide a series of commitment letters from the lenders on the project. If after obtaining the permit he is unable to go forward he will have to pay the city up to $4 million more. This fee was in the original demand made by the city.
The city is counting on the Ritz-Carlton Club Santa Barbara to contribute to the local economy and to City Hall tax revenues.
It looks like it’s time to move on or move out!
For the Santa Barbara Real Estate areas of Hope Ranch for Single Family Homes there were 2 that closed escrow in the last 30 days with a Median Sales Price of $2,537,500 and an Average Sales Price of $2,537,500. 2 properties came on the market with a Median Asking Price of $2,495,000 and an Average Asking Price of $2,735,000. 1 property is currently in escrow with a Median Asking Price of $2,695,000 and an Average Asking Price of $2,695,000. Currently there are 15 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of Hope Ranch for Condominiums there was no activity.
And in more of Santa Barbara Real Estate News…..
Out in Goleta they’re creating a new commission to help guide the planning policy. This commission will decide what is to become of all the proposed building projects in the city.
As its set up now the five council members are both elected leaders and members of the Goleta Planning Agency and there has been a lot of criticism of this arrangement. To add to the council’s workload, it is charged with creating the city’s first general plan for growth. This plan is currently schedule to be completed next year.
It seems like Goleta has figured out its got to get going, but we’ll see if this is the answer
For the Santa Barbara Real Estate areas of West of State St for Single Family Homes there were 17 that closed escrow in the last 30 days with a Median Sales Price of $1,080,000 and an Average Sales Price of $1,174,882. 19 properties came on the market with a Median Asking Price of $1,125,000 and an Average Asking Price of $1,252,736. 19 properties are currently in escrow with a Median Asking Price of $1,149,000 and an Average Asking Price of $1,223,205. Currently there are 82 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of West of State St for Condominiums there were 11 that closed escrow in the last 30 days with a Median Sales Price of $705,000 and an Average Sales Price of $891,263. 12 properties came on the market with a Median Asking Price of $689,000 and an Average Asking Price of $723,574. 4 properties are currently in escrow with a Median Asking Price of $649,500 and an Average Asking Price of $730,850. Currently there are 24 Condominiums for sale in the area.
And in more of Santa Barbara Real Estate News….
The project on Las Positas appears to be dead. The big issue seems to be the number of houses that the developer wants to put in and it also runs afoul of the disputed creek restoration project.
The vote was 3-3 which translates into a denial of the permit. This appears to be the end of the road for a something the developer has been working on for seven years. The only hope would be if the City Council smiles on the endeavor. At the Council level it would require at least a 5-2 split in favor of the project for it to go forward.
For the Santa Barbara Real Estate areas of East of State St for Single Family Homes there were 16 that closed escrow in the last 30 days with a Median Sales Price of $1,230,000 and an Average Sales Price of $1,458,937. 28 properties came on the market with a Median Asking Price of $1,595,000 and an Average Asking Price of $1,552,785. 23 properties are currently in escrow with a Median Asking Price of $1,475,000 and an Average Asking Price of $1,779,013. Currently there are 101 Single Family Residents for sale in the area.
For the Santa Barbara Real Estate areas of East of State St for Condominiums there were 8 that closed escrow in the last 30 days with a Median Sales Price of $684,875 and an Average Sales Price of $892,000. 11 properties came on the market with a Median Asking Price of $949,000 and an Average Asking Price of $1,097,381. 9 properties are currently in escrow with a Median Asking Price of $799,500 and an Average Asking Price of $946,444. Currently there are 27 Condominiums for sale in the area.
And in more Santa Barbara Real Estate News….
William’s Levy whose company is attempting to develop timeshares on lower State St is said to owe at least $11.6 million to investors in the Santa Barbara Beach properties. This is the first look into what’s going on the development.
The audit, which was court ordered and carried out by Moss Adams Accounting firm analyzed annual tax returns, internal financial statements and general ledgers to arrive at its opinion.
The biggest issue seems to be that some transactions were not property accounted for under the methods prescribed in the Limited Partnership agreement for Santa Barbara Beach Properties L.P.
So the beat goes on for lower State St and the project is once again stalled.