For the Santa Barbara Real Estate areas of Montecito Real Estate for Single Family Homes there were 15 that closed escrow in the last 30 days with a Median Sales Price of $2,700,000 and an Average Sales Price of $2,929,960. The average Days on the Market for those properties was 109. 21 properties came on the market with a Median Asking Price of $3,498,000 and an Average Asking Price of $5,903,428. 14 properties went into escrow with a Median Asking Price of $2,195,000 and an Average Asking Price of $2,622,071. The average Days on the Market for those properties is 125. Currently there are 111 Single Family Residents for sale in the area with a median asking price of $3,695,000 and an average asking price of $5,694,936. The average Days on the Market for those properties is 131.
For the Santa Barbara Real Estate areas of Montecito Real Estate for Condominiums there were 5 that closed escrow in the last 30 days with a Median Sales Price of $1,475,000 and an Average Sales Price of $1,400,000. The average Days on the Market for those properties was 100. 2 properties came on the market with a Median Asking Price of $1,350,000 and an Average Asking Price of $2,000,000. 5 went into escrow with a Median Asking Price of $1,575,000 and an Average Asking Price of $1,487,200. The average Days on the Market for those properties is 86. Currently there are 11 Condominiums for sale in the area with a median asking price of $1,295,000 and an average asking price of $1,598,909. The average Days on the Market for those properties is 183.
Please give a listen to our podcasts at Santa Barbara Podcasts
For today's blog entry since there wasn't a whole lot to see in the Santa Barbara Real Estate area this week I thought it would be good to look at the inventory for Home Realy & Investments, Inc. The company is located at 1913 State St. in Santa Barbara CA, 93101. They can be reached at (805) 687-0711.
The Properties are listed by various angents and to find out more about a property just click on the Address on the Linked page.
Here's a link for the complete Inventory!!
For the Santa Barbara Real Estate areas of Carpinteria Real Estate/Summerland Real Estate for Single Family Homes there were 12 that closed escrow in the last 30 days with a Median Sales Price of $1,149,500 and an Average Sales Price of $2,915,592. The average Days on the Market for those properties was 78. 5 properties came on the market with a Median Asking Price of $1,089,000 and an Average Asking Price of $1,268,380. 5 properties went into escrow with a Median Asking Price of $975,000 and an Average Asking Price of $2,292,600. The average Days on the Market for those properties is 49. Currently there are 35 Single Family Residents for sale in the area with a median asking price of $1,595,000 and an average asking price of $3,787,854. The average Days on the Market for those properties is 143.
For the Santa Barbara Real Estate areas of Carpinteria Real Estate/Summerland Real Estate for Condominiums there were 4 that closed escrow in the last 30 days with a Median Sales Price of $605,000 and an Average Sales Price of $588,250. The average Days on the Market for those properties was 144. 3 properties came on the market with a Median Asking Price of $485,000 and an Average Asking Price of $683,333. 0 went into escrow with a Median Asking Price of $0 and an Average Asking Price of $0. The average Days on the Market for those properties is 0. Currently there are 42 Condominiums for sale in the area with a median asking price of $549,000 and an average asking price of $608,130. The average Days on the Market for those properties is 134.
Please give a listen to our podcasts at Santa Barbara Podcasts
For Santa Barbara Real Estate for ’06 in Goleta Real Estate North there have been 147 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 59 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 95 days. The Median Sold price for those properties was $930,000 and the Average Sold price was $1,059,618.
For Santa Barbara Real Estate for ’06 in Goleta Real Estate North there have been 50 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 67 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 108 days. The Median Sold price for those properties was $600,000 and the Average Sold price was $595,420.
Please give a listen to our podcasts at Santa Barbara Podcasts
For Santa Barbara Real Estate for ’06 in Goleta Real Estate South there have been 84 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 53 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 88 days. The Median Sold price for those properties was $914,500 and the Average Sold price was $1,007,256.
For Santa Barbara Real Estate for ’06 in Goleta Real Estate South there have been 61 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 66 days. The Average Days to Close which means the time the property was in Escrow was 33 days. This means that from start to finish was a total of 99 days. The Median Sold price for those properties was $585,000 and the Average Sold price was $578,450.
Please give a listen to our podcasts at Santa Barbara Podcasts
For Santa Barbara Real Estate for ’06 in Hope Ranch Real Estate there have been 18 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 88 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 129 days. The Median Sold price for those properties was $2,450,000 and the Average Sold price was $2,545,277.
For Santa Barbara Real Estate for ’06 in Hope Ranch Real Estate 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 went into escrow for those properties was 170 days. The Average Days to Close which means the time the property was in Escrow was 26 days. This means that from start to finish was a total of 196 days. The Median Sold price for those properties was $1,000,000 and the Average Sold price was $1,000,000.
Please give a listen to our podcasts at Santa Barbara Podcasts
This has been an eventful year! Laury is still active with the Santa Barbara Symphony & was instrumental (excuse the pun) in the selection of the new music director, Nir Kabaretti. Announced at a Gala Ball, she was the 1st to congratulate him! He is very young (38) & hasn’t had an American orchestra so there is quite a bit of adjustment going on, all for the better. She also plays chamber music weekly with some fine, friendly local musicians, enjoying the 1st violin parts.
Gary is very busy teaching computer skills to the local realtors & doing lots of consulting. He continues to write a tech column for both Society of Composers & Lyricists and Casa Magazine. He also hosts a regular radio show (Mon. 9AM, 1290) called Santa Barbara Tech Talk. Keeping up with technology, he also pod casts from our web site (stats & select homes). Listen to him at www.santabarbaraproperties.com
Good news this year, Jim graduated from California Institute of the Arts as a CHEF! With honors! He now works for Disneyland at its California Adventure. The bad news – he and Jennifer have split up. Very sad. Still see the kids and they are delightful- almost 4 and still very much fun.
Jeanette is overworked & understaffed but next year she will be a salaried employee and supervisor at her IT job with Clipper Wind.
On the home front,we have started our upstairs bath remodel. It should be finished early next year so if you want a great weekend, come up and visit us!
Looking for a happy, healthy & and prosperous New Year for all!
Love & Peace,
Gary and Laury
There wasn’t out there on caravan this week, in fact we only saw one new house, so I thought it would be a good time to look at what went on statistically in town for the last thirty days.
From Carpinteria and Summerland to Goleta including, Montecito, Santa Barbaraand Hope Ranchthere were 65 single family dwellings that closed escrow excluding condos. For those properties the median sales price rose to $1,300,000 and the average sales price came in at $1,839,081. The Sales Price to List Price ratio was 94.25% which means that if a property was listed for $1,000,000 it sold for $942,500. This is reflected in the Median List price of $1,399,000 for those 65 Sold Properties. A really significant number in all of this is the Days on the Market or DOM. For those 65 houses that sold the DOM was 83. This contrasts markedly with the number of properties still listed. That number is 123.
All of these numbers contrast markedly with the total inventory of houses that are currently on the market. The Median List price for those houses is $1,595,000 representing a significant gap between what people are willing to pay and what people are willing to sell for. That gap is almost 20%. On the listing side of the equation the other significant number is the 428 currently listed houses which is down markedly from the high of over 600 three months ago. And again, the days on the market is significantly higher for those properties that are still currently listed. The average Days on the Market is 123 some 30% higher than the properties that sold.
It looks like things will continue just as they have because while 65 properties closed escrow, 65 properties entered escrow. The interesting numbers here are first; the Median List price of the properties that entered escrow was $1,049,000 while the properties that sold was $1,300,000. And second, the Days on the Market which is 95 as opposed to the 83 for the homes that sold. So it took longer for the properties to less in price. Is this a trend, it’s hard to say because things definitely bounce around from month to month
It looks to me that the number of sales will continue right about where it is while the sales prices will continue to trickle down. Looking at the huge run up in valuation in the past few years it’s really not very surprising that there would be a fall back in the prices of homes.
Over on the condo side of the market, 27 properties closed escrow in the last 30 days. The median sales price for those 27 was $635,000 and the average sales price was $767,092. The sales price to list price ratio was 96.64% slightly higher than the 94.25% of single family homes. The number of sales is about where it’s been all year. Roughly 30 condos a month have closed escrow in the Santa Barbara area. In November there were 22 that closed escrow, but the average is still about 30 per month. The number that has changed over the year is the Days on the Market. For the last 30 days Condos stayed on the market for 94 as opposed to Single Family Homes at 83. This has increase markedly from about 30 Days of Market time earlier in the year to 94 now.
Looking at the 185 condos that are currently listed, like single family homes the number is down substantially from a high of 300 three months ago. There is definitely some seasonal aspect to these numbers, but looking at the last few previous years the numbers are down more dramatically currently.
The good news for the people selling condos is that the Median List price for the condos on the market which currently is $649,000 is a lot closer to the $635,000 median sold price than the ratio between Median List and Median Sold prices of Single Family dwellings. There is only about a 4% difference as opposed to the 20% for homes. The bad news is that for those 185 condos still on the market the average Days on the Market is 125. The question is what it will take to start moving those condos out?
Just like single family dwellings the exact number of Condos sold which was 27 is the same as those that entered escrow. The interesting number of the condos that entered escrow is the Median List price for those homes is up to $680,000. What this means is that the homes on the lower side of the market are not selling, while the ones farther up are.
Again, it looks like things are going to stay about where they are for now. About 60 Single Family Dwellings and approximately 30 Condos will close escrow per month. And the price for both will continue to trickle down. The question is, when will the prices stabilize so the buyers stop standing on the sidelines waiting for further declines?
All statistics are from the Santa Barbara Multiple Listing Service.
If you’d like to give a listen to the audio edition of this commentary please give a look at Santa Barbara Podcasts
For Santa Barbara Real Estate for ’06 in West of State St there have been 173 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 67 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 113 days. The Median Sold price for those properties was $1,012,500 and the Average Sold price was $1,152,839.
For Santa Barbara Real Estate for ’06 in West of State St there have been 65 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 71 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 106 days. The Median Sold price for those properties was $670,000 and the Average Sold price was $710,463.
For Santa Barbara Real Estate for ’06 in East of State St there have been 224 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 67 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 114 days. The Median Sold price for those properties was $1,256,000 and the Average Sold price was $1,470,637.
For Santa Barbara Real Estate for ’06 in East of State St there have been 75 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 64 days. The Average Days to Close which means the time the property was in Escrow was 31 days. This means that from start to finish was a total of 95 days. The Median Sold price for those properties was $805,000 and the Average Sold price was $927,597.
For Santa Barbara Real Estate for ’06 in Montecito Real Estate there have been 161 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 96 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 135 days. The Median Sold price for those properties was $2,700,000 and the Average Sold price was $3,737,264.
For Santa Barbara Real Estate for ’06 in Montecito Real Estate there have been 20 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 102 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 139 days. The Median Sold price for those properties was $1,692,500 and the Average Sold price was $1,587,675.
In the Goleta Real Estate North area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus that was on the market last year at this time are up by 33 for a total of 118 properties and the New Listings that came on this year are up by 26 for a 34% increase. The numbers of sales are down with 49 this year vs. 62 last year for a -20% decrease. And the Average Sales Price is down. Last year at this time it was $652,069 and this year it’s at $595,908 for a decrease of -8%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate North there are 23 more properties that have been active this year as opposed to last year for a total of 318, and there are 16 more new listings this year with 263 for last year vs. 279 for this year. The sales are down with 195 this year vs. 146 last year for a -25% decrease. And the Average Sales Price is down from $1,161,300 last year to $1,084,300 this year for a -6 decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta Real Estate North there are exactly the same numbers of properties that have been active this year as opposed to last year for a total of 18 and there is 1 more new listing with 17 for last year vs. 18 for this year. The sales are down with 9 this year vs. 18 last year for a -50% decrease. And the Average Sales Price is down from $835,606 last year to $822,378 this year for a -1% decrease.
In the Goleta Real Estate South area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus that was on the market last year at this time are up by 36 for a total of 171 properties and the New Listings that came on this year are up by 15 for a 11% increase. The numbers of sales are down with 61 this year vs. 84 last year for a -27% decrease. And the Average Sales Price is down. Last year at this time it was $614,121 and this year it’s at $575,090 for a decrease of -6%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate South there are 46 more properties that have been active this year as opposed to last year for a total of 188, and there are 29 more new listings this year with 134 for last year vs. 163 for this year. The sales are up with 88 this year vs. 80 last year for a 10% increase. But the Average Sales Price is down from $1,039,094 last year to $1,009,262 this year for a -2 decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta Real Estate South there are 5 more properties that have been active this year as opposed to last year for a total of 13 and there are 6 more new listing with 7 for last year vs. 13 for this year. The sales are up with 7 this year vs. 5 last year for a 40% increase. And the Average Sales Price is up from $1,166,600 last year to $1,270,714 this year for a 8% increase.
In the Hope Ranch Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus what was on the market last year at this time is up by 19 for a total of 196 properties that have been active this year and the New Listings that came on this year are up by 13 or a 7% increase. The number of sales is down by 63 for a -48% decrease. And the Average Sales Price is down. Last year at this time it was $758,940 and this year it’s at $708,623 for a decrease of -6%.
In the Single Family Home market for the Santa Barbara Real Estate area of Hope Ranch Real Estate there are 32 more properties that have been active this year as opposed to last year for a total of 438, and there are more new listings this year with 371 for last year vs. 378 for this year. The sales are down with 185 this year vs. 235 last year for a -21% decrease. And the Average Sales Price is up from $1,176,220 last year to $1,291,173 this year for a 9% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Hope Ranch Real Estate there are 7 more properties that have been active this year as opposed to last year for a total of 14 and there are 7 more new listing with 6 for last year vs. 13 for this year. The sales are down with 2 this year vs. 3 last year for a -33% decrease. And the Average Sales Price is down from $1,198,333 last year to $927,500 this year for a -22% decrease.
Starting out on Wednesday we saw a wonderful home north of the freeway in Carpinteria. This home is spacious with 5 bedrooms and 3 baths and is located in a quiet neighborhood. There’s a garage conversion in the backyard which is now being used as a recreational area with a Barbeque. The Conversion has a very high ceiling and would be great for entertaining. The home is currently listed for $959,900.
We saw no new properties in Summerland this week so stay tuned for next week.
Next, up down a winding lane in Montecito we saw a home with astonishing ocean views perched on the top of a hill. The home has an incredible family room with an antique bar and features 3 bedrooms and 3.5 baths. The home is listed for $3,498,000.
Down in the hedgerow area of Montecito there’s a wonderful 4 bedroom 3 bath house with a pool. The house is close to the beach, Coast Village Rd. and Montecito Union School. It’s on a very quiet street and is currently listed for $2,300,000.
If you’re looking for a family compound we saw one located on over 1.5 acres. The house is an updated Craftsman that’s walled and gated and includes a legal guest apartment. In total there are 6 bedrooms and 5 baths and the property has a wonderful Koi pond with a very cool waterfall. It’s currently listed for $2,595,000.
Finally on Wednesday we saw a charming single level cottage that’s secluded on a lane and features 3 bedrooms and 2.5 baths. The hardwood floors are newly refinished and there are 2 fireplaces. The home is currently listed for $1,949,000
On Thursday we saw 4 properties that caught our attention. Starting at the tippy top overlooking the Harbor and the town we saw a brand new home that is truly spectacular. This home has European style quality on a grand scale for easy living. The property has 4 bedrooms and 6 baths including a 1 bedroom guest/maid suite. The property is listed for $6.5 million.
Next, on the West side of Santa Barbara we saw a home down a quiet side street that’s really a bargain hunter’s dream. The home has 1 bedroom and 1 bath, high ceilings and crown molding. For a home close to downtown this is well priced at $737,000
Close by the previous property there’s a charming English Cottage with 3 bedrooms and 2 baths. The home features hardwood floors, an area which could be used as a den or an office, French doors and leaded glass cabinets. It’s located in the Peabody School area and is currently priced at $1,199,000
The last home we saw on Thursday was over in the San Roque area and it’s in great move-in condition. The house features updated roof, furnace, water heater, water softener, kitchen appliances and landscaping. There are 2 bedrooms and 2 baths with the master bedroom looking out on a lovely private garden. The property is currently listed for $1,240,000.
On Friday we started out by looking at a 3 bedroom 2 bath very spacious ground level cottage in a retirement community that overlooks the golf course in Goleta Real. It’s very rare that 3 bedroom units come up in this complex so we think at $589,000 this is a good value.
Next we saw a condo with 2 bedrooms and 1.5 baths. The unit is in move-in condition having been freshly painted and carpeted. It’s close to the Calle Real shopping area with grocery stores, a soon to be re-opened movie theatre and restaurants. The condo is listed at $549,000.
We then saw a fixer farther out in the Valley. It has 4 bedrooms 2 baths and is located in a nice area. Listed at $775,000 we think this property is a substantial value and could be a great house for a family. We’ll be holding this property open on Sunday the 17th.
Close by to the last home was what we thought was the best looking home of the day. It’s in immaculate condition with a fireplace and beautiful hardwood floors. Perhaps the properties best feature is the added on Family Room which really opens up the house. This property with its’ 3 bedrooms and 2 baths is listed at $849,000.
Finally on Friday we saw a condo close to the University. It has new paint and carpet and 2 bedrooms and 1 bath. There’s an enclosed carport with storage and its part of a small 4 unit complex. This condo is listed at $489,000.
We saw no new properties in Hope Ranch this week.
During the week of the 11th, 17 single family homes closed escrow with a median price of $1,040,000 and an average price of $1,273,882. 15 new properties came on the market with a median list price of $1,949,000 and 11 properties went into escrow. Currently there are 497 single family dwellings for sale in Santa Barbara with a median list price for those properties of $1,595,000.
That’s it for Santa Barbara Real Estate for the week of December 11, 2006. For more information please give us a call (805) 967-7823.
In the West of State St area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus what was on the market last year at this time is up by 19 for a total of 196 properties that have been active this year and the New Listings that came on this year are up by 13 or a 7% increase. The number of sales is down by 63 for a -48% decrease. And the Average Sales Price is down. Last year at this time it was $758,940 and this year it’s at $708,623 for a decrease of -6%.
In the Single Family Home market for the Santa Barbara Real Estate area of West of State St there are 32 more properties that have been active this year as opposed to last year for a total of 438, and there are more new listings this year with 371 for last year vs. 378 for this year. The sales are down with 185 this year vs. 235 last year for a -21% decrease. And the Average Sales Price is up from $1,176,220 last year to $1,291,173 this year for a 9% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of West of State St there are 7 more properties that have been active this year as opposed to last year for a total of 14 and there are 7 more new listing with 6 for last year vs. 13 for this year. The sales are down with 2 this year vs. 3 last year for a -33% decrease. And the Average Sales Price is down from $1,198,333 last year to $927,500 this year for a -22% decrease.
In the East of State St area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus what was on the market last year at this time is up by 10 for a total of 68 properties that have been active this year and the New Listings that came on this year are exactly the same for a 0% increase. The number of sales is down by 6 for a -23% decrease. The Average Sales Price is up slightly. Last year at this time it was $1,541,385 and this year it’s at $1,587,675 for an increase of 3%.
In the Single Family Home market for the Santa Barbara Real Estate area of East of State St there are 6 fewer properties that have been active this year as opposed to last year for a total of 442, but there are more new listings this year with 325 for last year vs. 343 for this year. The sales are down with 162 this year vs. 214 last year for a -24% decrease. And the Average Sales Price is up from $3,168,772 last year to $3,810,179 this year for a 20% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of East of State St there are 5 more properties that have been active this year as opposed to last year for a total of 8 and there are 5 more new listings with 2 for last year vs. 7 for this year. The sales are up with 5 this year vs. 3 last year for a 66% increase. And the Average Sales Price is down from $2,333,333 last year to $2,320,000 this year for a -0% decrease.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus what was on the market last year at this time is up by 10 for a total of 68 properties that have been active this year and the New Listings that came on this year are exactly the same for a 0% increase. The number of sales is down by 6 for a -23% decrease. The Average Sales Price is up slightly. Last year at this time it was $1,541,385 and this year it’s at $1,587,675 for an increase of 3%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 6 fewer properties that have been active this year as opposed to last year for a total of 442, but there are more new listings this year with 325 for last year vs. 343 for this year. The sales are down with 162 this year vs. 214 last year for a -24% decrease. And the Average Sales Price is up from $3,168,772 last year to $3,810,179 this year for a 20% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito Real Estate there are 5 more properties that have been active this year as opposed to last year for a total of 8 and there are 5 more new listings with 2 for last year vs. 7 for this year. The sales are up with 5 this year vs. 3 last year for a 66% increase. And the Average Sales Price is down from $2,333,333 last year to $2,320,000 this year for a -0% decrease.
In the Carpinteria Real Estate/ Summerland Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘06 versus what was on the market last year at this time is up by 27 for a total of 170 properties that have been active this year and the New Listings that came on this year are up by 1 for a 0% increase. The number of sales is down by 21 for a -28% decrease. The Average Sales Price is down slightly. Last year at this time it was $651,286 and this year it’s at $633,533 for a decrease of -2%.
In the Single Family Home market for the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate there are 16 more properties that have been active this year as opposed to last year for a total of 186, but there are fewer new listings this year with 149 for last year vs. 144 for this year. The sales are down with 64 this year vs. 69 last year for a -7% decrease. And the Average Sales Price is up from $2,345,006 last year to $3,025,365 this year for a 29% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate there is exactly the same numbers of properties that have been active this year as opposed to last year for a total of 6 but there are 2 fewer new listings with 6 for last year vs. 4 for this year. The sales are up with 4 this year vs. 3 last year for a 33% increase. And the Average Sales Price is up from $667,333 last year to $979,750 this year for a 46% increase.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 11 months of ’06 in the Single Family Home market 143 homes closed escrow with a median sold price of $930,000 and an average sold price of $1,044,607. 257 homes came on the market with a median asking price of $989,000 and an average asking price of $1,261,913. Also for that period 146 properties went into escrow, 28 were withdrawn from the market, 48 listings cancelled, 54 expired and 52 came back on the market. Currently there are 74 homes for sale in the area with a median list price of $1,225,000 and an average list price of $1,618,812.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 11 months of ’06 in the Condo market 44 condos closed escrow with a median sold price of $595,000 and an average sold price of $591,829. 87 condos came on the market with a median asking price of $599,000 and an average asking price of $603,217. Also for that period 48 properties went into escrow, 8 were withdrawn from the market, 23 listings cancelled, 21 expired and 19 came back on the market. Currently there are 27 condos for sale in the area with a median list price of $575,000 and an average list price of $583,377.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 11 months of ’06 in the Single Family Home market 82 homes closed escrow with a median sold price of $914,500 and an average sold price of $1,009,019. 146 homes came on the market with a median asking price of $929,000 and an average asking price of $1,014,126. Also for that period 90 properties went into escrow, 20 were withdrawn from the market, 26 listings cancelled, 36 expired and 25 came back on the market. Currently there are 33 homes for sale in the area with a median list price of $995,000 and an average list price of $1,191,209.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 11 months of ’06 in the Condo market 58 condos closed escrow with a median sold price of $582,250 and an average sold price of $579,922. 122 condos came on the market with a median asking price of $595,000 and an average asking price of $592,085. Also for that period 59 properties went into escrow, 18 were withdrawn from the market, 31 listings cancelled, 43 expired and 16 came back on the market. Currently there are 38 condos for sale in the area with a median list price of $549,000 and an average list price of $560,236.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate h for the first 11 months of ’06 in the Single Family Home market 17 homes closed escrow with a median sold price of $2,550,000 and an average sold price of $2,577,352. 38 homes came on the market with a median asking price of $2,849,000 and an average asking price of $3,810,650. Also for that period 20 properties went into escrow, 4 were withdrawn from the market, 5 listings cancelled, 15 expired and 9 came back on the market. Currently there are 18 homes for sale in the area with a median list price of $3,498,700 and an average list price of $5,995,705.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 11 months of ’06 in the Condo market 1 condo closed escrow with a median sold price of $1,000,000 and an average sold price of $1,000,000. 1 condo came on the market with a median asking price of $1,099,000 and an average asking price of $1,099,000. Also for that period 1 property went into escrow, 0 were withdrawn from the market, 0 listings cancelled, 0 expired and 0 came back on the market. Currently there are 0 condos for sale in the area with a median list price of $0 and an average list price of $0.
For the Santa Barbara Real Estate area of West of State for the first 11 months of ’06 in the Single Family Home market 171 homes closed escrow with a median sold price of $1,012,500 and an average sold price of $1,152,562. 316 homes came on the market with a median asking price of $1,069,000 and an average asking price of $1,265,742. Also for that period 169 properties went into escrow, 37 were withdrawn from the market, 69 listings cancelled, 102 expired and 80 came back on the market. Currently there are 93 homes for sale in the area with a median list price of $1,094,000 and an average list price of $1,404,606.
For the Santa Barbara Real Estate area of West of State for the first 11 months of ’06 in the Condo market 64 condos closed escrow with a median sold price of $669,500 and an average sold price of $701,860. 147 condos came on the market with a median asking price of $689,990 and an average asking price of $765,350. Also for that period 63 properties went into escrow, 28 were withdrawn from the market, 34 listings cancelled, 72 expired and 36 came back on the market. Currently there are 43 condos for sale in the area with a median list price of $689,000 and an average list price of $842,815.
For the Santa Barbara Real Estate area of East of State for the first 11 months of ’06 in the Single Family Home market 212 homes closed escrow with a median sold price of $1,269,500 and an average sold price of $1,477,776. 384 homes came on the market with a median asking price of $1,295,000 and an average asking price of $1,535,929. Also for that period 217 properties went into escrow, 56 were withdrawn from the market, 89 listings cancelled, 122 expired and 96 came back on the market. Currently there are 112 homes for sale in the area with a median list price of $1,395,000 and an average list price of $1,645,867.
For the Santa Barbara Real Estate area of East of State for the first 11 months of ’06 in the Condo market 72 condos closed escrow with a median sold price of $797,500 and an average sold price of $928,677. 156 condos came on the market with a median asking price of $825,000 and an average asking price of $960,230. Also for that period 75 properties went into escrow, 20 were withdrawn from the market, 39 listings cancelled, 42 expired and 27 came back on the market. Currently there are 50 condos for sale in the area with a median list price of $769,000 and an average list price of $916,646.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 11 months of ’06 in the Single Family Home market 148 homes closed escrow with a median sold price of $2,687,500 and an average sold price of $3,798,244. 285 homes came on the market with a median asking price of $2,995,000 and an average asking price of $4,549,921. Also for that period 158 properties went into escrow, 42 were withdrawn from the market, 57 listings cancelled, 98 expired and 80 came back on the market. Currently there are 118 homes for sale in the area with a median list price of $3,500,000 and an average list price of $5,345,627.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 11 months of ’06 in the Condo market 16 condos closed escrow with a median sold price of $1,762,500 and an average sold price of $1,688,968. 42 condos came on the market with a median asking price of $1,549,000 and an average asking price of $1,593,392. Also for that period 21 properties went into escrow, 12 were withdrawn from the market, 13 listings cancelled, 14 expired and 12 came back on the market. Currently there are 13 condos for sale in the area with a median list price of $1,295,000 and an average list price of $1,557,307.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 11 months of ’06 in the Single Family Home market 53 homes closed escrow with a median sold price of $1,240,000 and an average sold price of $3,195,179. 121 homes came on the market with a median asking price of $1,099,000 and an average asking price of $2,719,077. Also for that period 59 properties went into escrow, 19 were withdrawn from the market, 33 listings cancelled, 40 expired and 36 came back on the market. Currently there are 44 homes for sale in the area with a median list price of $1,149,000 and an average list price of $3,278,090.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 11 months of ’06 in the Condo market 46 condos closed escrow with a median sold price of $580,000 and an average sold price of $608,994. 117 condos came on the market with a median asking price of $599,000 and an average asking price of $642,006. Also for that period 43 properties went into escrow, 21 were withdrawn from the market, 32 listings cancelled, 59 expired and 23 came back on the market. Currently there are 46 condos for sale in the area with a median list price of $570,000 and an average list price of $599,380.
For the Santa Barbara Real Estate areas of Goleta Real Estate North for Single Family Homes there were 12 that closed escrow in the last 30 days with a Median Sales Price of $872,500 and an Average Sales Price of $966,083. The average Days on the Market for those properties was 72. 22 properties came on the market with a Median Asking Price of $939,000 and an Average Asking Price of $1,219,513. 9 properties went into escrow with a Median Asking Price of $1,135,000 and an Average Asking Price of $1,312,777. The average Days on the Market for those properties is 98. Currently there are 79 Single Family Residents for sale in the area with a median asking price of $1,140,000 and an average asking price of $1,570,884. The average Days on the Market for those properties is 105.
For the Santa Barbara Real Estate areas of Goleta Real Estate North for Condominiums there were 4 that closed escrow in the last 30 days with a Median Sales Price of $535,000 and an Average Sales Price of $547,500. The average Days on the Market for those properties was 136. 9 properties came on the market with a Median Asking Price of $599,000 and an Average Asking Price of $588,111. 9 went into escrow with a Median Asking Price of $619,000 and an Average Asking Price of $579,333. The average Days on the Market for those properties is 73. Currently there are 28 Condominiums for sale in the area with a median asking price of $569,000 and an average asking price of $573,932. The average Days on the Market for those properties is 117.
For the Santa Barbara Real Estate areas of Goleta Real Estate South for Single Family Homes there were 8 that closed escrow in the last 30 days with a Median Sales Price of $1,207,000 and an Average Sales Price of $1,331,953. The average Days on the Market for those properties was 88. 9 properties came on the market with a Median Asking Price of $995,000 and an Average Asking Price of $1,491,211. 9 properties went into escrow with a Median Asking Price of $850,000 and an Average Asking Price of $1,103,111. The average Days on the Market for those properties is 51. Currently there are 41 Single Family Residents for sale in the area with a median asking price of $979,000 and an average asking price of $1,137,809. The average Days on the Market for those properties is 88.
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 $585,000 and an Average Sales Price of $594,833. The average Days on the Market for those properties was 74. 8 properties came on the market with a Median Asking Price of $459,000 and an Average Asking Price of $507,125. 4 went into escrow with a Median Asking Price of $387,000 and an Average Asking Price of $525,000. The average Days on the Market for those properties is 128. Currently there are 47 Condominiums for sale in the area with a median asking price of $590,000 and an average asking price of $612,243. The average Days on the Market for those properties is 95.
For the Santa Barbara Real Estate areas 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 $2,375,000 and an Average Sales Price of $2,375,000. The average Days on the Market for those properties was 67. 2 properties came on the market with a Median Asking Price of $2,795,000 and an Average Asking Price of $2,997,500. 1 property went into escrow with a Median Asking Price of $6,900,000 and an Average Asking Price of $6,900,000. The average Days on the Market for those properties is 175. Currently there are 22 Single Family Residents for sale in the area with a median asking price of $3,295,000 and an average asking price of $5,503,986. The average Days on the Market for those properties is 202.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was not activity
For the Santa Barbara Real Estate areas of West of State St for Single Family Homes there were 19 that closed escrow in the last 30 days with a Median Sales Price of $900,000 and an Average Sales Price of $975,621. The average Days on the Market for those properties was 84. 22 properties came on the market with a Median Asking Price of $1,248,000 and an Average Asking Price of $1,718,090. 17 properties went into escrow with a Median Asking Price of $949,000 and an Average Asking Price of $1,061,411. The average Days on the Market for those properties is 81. Currently there are 103 Single Family Residents for sale in the area with a median asking price of $1,097,000 and an average asking price of $1,399,506. The average Days on the Market for those properties is 94.
For the Santa Barbara Real Estate areas of West of State St for Condominiums there were 9 that closed escrow in the last 30 days with a Median Sales Price of $590,000 and an Average Sales Price of $696,055. The average Days on the Market for those properties was 94. 8 properties came on the market with a Median Asking Price of $1,245,000 and an Average Asking Price of $1,126,862. 5 went into escrow with a Median Asking Price of $699,000 and an Average Asking Price of $874,380. The average Days on the Market for those properties is 140. Currently there are 41 Condominiums for sale in the area with a median asking price of $699,000 and an average asking price of $843,806. The average Days on the Market for those properties is 85.
For the Santa Barbara Real Estate areas of East of State St for Single Family Homes there were 23 that closed escrow in the last 30 days with a Median Sales Price of $1,200,000 and an Average Sales Price of $1,290,565. The average Days on the Market for those properties was 103. 30 properties came on the market with a Median Asking Price of $1,079,000 and an Average Asking Price of $1,307,380. 18 properties went into escrow with a Median Asking Price of $1,099,000 and an Average Asking Price of $1,715,777. The average Days on the Market for those properties is 97. Currently there are 129 Single Family Residents for sale in the area with a median asking price of $1,410,000 and an average asking price of $1,735,912. The average Days on the Market for those properties is 110.
For the Santa Barbara Real Estate areas of East of State St for Condominiums there were 3 that closed escrow in the last 30 days with a Median Sales Price of $670,000 and an Average Sales Price of $653,333. The average Days on the Market for those properties was 66. 8 properties came on the market with a Median Asking Price of $600,000 and an Average Asking Price of $796,612. 5 went into escrow with a Median Asking Price of $659,000 and an Average Asking Price of $786,200. The average Days on the Market for those properties is 60. Currently there are 50 Condominiums for sale in the area with a median asking price of $749,000 and an average asking price of $897,346. The average Days on the Market for those properties is 119.