For the Santa Barbara Real Estate areas of Carpinteria Real Estate/ Summerland Real Estate for Single Family Homes there were 8 that closed escrow in the last 30 days with a Median Sales Price of $1,925,000 and an Average Sales Price of $8,164,375. The average Days on the Market for those properties was 127. 14 properties came on the market with a Median Asking Price of $2,095,000 and an Average Asking Price of $5,763,214. 7 properties went into escrow with a Median Asking Price of $2,100,000 and an Average Asking Price of $5,517,000. The average Days on the Market for those properties is 105. Currently there are 41 Single Family Residents for sale in the area with a median asking price of $1,489,000 and an average asking price of $2,861,579. The average Days on the Market for those properties is 104.
For the Santa Barbara Real Estate areas of Carpinteria Real Estate/ Summerland Real Estate for Condominiums there were 7 that closed escrow in the last 30 days with a Median Sales Price of $598,000 and an Average Sales Price of $598,571. The average Days on the Market for those properties was 51. 18 properties came on the market with a Median Asking Price of $499,000 and an Average Asking Price of $593,188. 4 went into escrow with a Median Asking Price of $499,000 and an Average Asking Price of $578,000. The average Days on the Market for those properties is 76. Currently there are 51 Condominiums for sale in the area with a median asking price of $599,000 and an average asking price of $626,703. The average Days on the Market for those properties is 96.
For Santa Barbara Real Estate in Goleta Real Estate North the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 58 Home and Estate/PUDs on the market. The average price for the 58 properties is $1,840,294; the highest priced listing is $13,500,000, the median listing price is $1,249,000 and the lowest priced listing is $224,777. The average market time for those properties is 94 days.
There were 20 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $1,699,350. The highest price house is $8,200,000, the median price is $1,029,000 and the lowest priced house is $749,000. The average market time for the homes is 102.
One the Sales side there has been 27 properties closed escrow. The average price of those 27 homes is $981,862, the highest price is $2,660,000, the median price is $869,875 and the lowest priced property is $240,000. The average market time for these homes is 107 days.
For Santa Barbara Real Estate for Goleta Real Estate North the Price Range Statistics for Condominiums there are currently 25 condos currently on the market. The average price for the 25 properties is $578,512; the highest priced listing is $840,000, the median listing price is $570,000 and the lowest priced listing is $439,000. The average market time for those properties is 124 days.
There were 4 condos that entered escrow in the same time period. The average price for those homes that entered escrow is $568,225. The highest price house is $625,000 the median price is $529,000 and the lowest priced house is $499,900. The average market time for the homes is 111.
One the Sales side there has been 10 properties close escrow. The average price of those 10 homes is $526,970 the highest price is $665,000, the median price is $550,000and the lowest priced property is $213,200. The average market time for these homes is 119 days.
For Santa Barbara Real Estate in Goleta Real Estate South the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 27 Home and Estate/PUDs on the market. The average price for the 27 properties is $1,269,296; the highest priced listing is $4,500,000, the median listing price is $929,000 and the lowest priced listing is $749,000. The average market time for those properties is 50 days.
There were 13 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $1,048,153. The highest price house is $2,195,000, the median price is $890,000 and the lowest priced house is $699,000. The average market time for the homes is 43.
One the Sales side there has been 16 properties closed escrow. The average price of those 16 homes is $985,125, the highest price is $2,135,000, the median price is $845,000 and the lowest priced property is $625,000. The average market time for these homes is 107 days.
For Santa Barbara Real Estate for Goleta Real Estate South the Price Range Statistics for Condominiums there are currently 27 condos currently on the market. The average price for the 27 properties is $547,740; the highest priced listing is $770,000, the median listing price is $529,000 and the lowest priced listing is $347,500. The average market time for those properties is 75 days.
There were 7 condos that entered escrow in the same time period. The average price for those homes that entered escrow is $592,557. The highest price house is $799,000 the median price is $559,000 and the lowest priced house is $469,000. The average market time for the homes is 56.
One the Sales side there has been 16 properties close escrow. The average price of those 16 homes is $547,718 the highest price is $748,000, the median price is $525,000and the lowest priced property is $312,500. The average market time for these homes is 134 days.
For Santa Barbara Real Estate in Hope Ranch Real Estate the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 11 Home and Estate/PUDs on the market. The average price for the 11 properties is $7,267,090; the highest priced listing is $14,900,000, the median listing price is $6,700,000 and the lowest priced listing is $1,899,000. The average market time for those properties is 140 days.
There were 5 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $3,358,750. The highest price house is $6,950,000, the median price is $2,195,000 and the lowest priced house is $1,999,999,000. The average market time for the homes is 224.
One the Sales side there has been 4 properties closed escrow. The average price of those 4 homes is $3,588,750, the highest price is $6,900,000, the median price is $2,600,000 and the lowest priced property is $2,200,000. The average market time for these homes is 152 days.
For Santa Barbara Real Estate for Hope Ranch Real Estate the Price Range Statistics for Condominiums there was no activity
For Santa Barbara Real Estate in West of State St the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 67 Home and Estate/PUDs on the market. The average price for the 67 properties is $1,397,272; the highest priced listing is $6,000,000, the median listing price is $1,179,000 and the lowest priced listing is $699,000. The average market time for those properties is 87 days.
There were 23 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $1,341,760. The highest price house is $5,200,000, the median price is $1,150,000 and the lowest priced house is $639,000. The average market time for the homes is 50.
One the Sales side there has been 38 properties closed escrow. The average price of those 38 homes is $1,101,486, the highest price is $2,530,000, the median price is $980,000 and the lowest priced property is $525,000. The average market time for these homes is 127 days.
For Santa Barbara Real Estate for West of State St the Price Range Statistics for Condominiums there are currently 37 condos currently on the market. The average price for the 37 properties is $793,159; the highest priced listing is $2,395,000, the median listing price is $679,000 and the lowest priced listing is $409,000. The average market time for those properties is 85 days.
There were 15 condos that entered escrow in the same time period. The average price for those homes that entered escrow is $802,793. The highest price house is $1,545,000, the median price is $659,000 and the lowest priced house is $465,000. The average market time for the homes is 86.
One the Sales side there has been 12 properties close escrow. The average price of those 12 homes is $615,875 the highest price is $864,000, the median price is $640,000and the lowest priced property is $410,000. The average market time for these homes is 157 days.
For Santa Barbara Real Estate in East of State St the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 87 Home and Estate/PUDs on the market. The average price for the 87 properties is $1,847,533; the highest priced listing is $11,950,000, the median listing price is $1,595,000 and the lowest priced listing is $399,000. The average market time for those properties is 102 days.
There were 27 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $1,581,574. The highest price house is $8,950,000, the median price is $1,250,000 and the lowest priced house is $729,000. The average market time for the homes is 68.
One the Sales side there has been 44 properties closed escrow. The average price of those 44 homes is $1,175,723, the highest price is $2,795,000, the median price is $1,000,000 and the lowest priced property is $455,000. The average market time for these homes is 134 days.
For Santa Barbara Real Estate for East of State St the Price Range Statistics for Condominiums there are currently 38 condos currently on the market. The average price for the 38 properties is $950,976; the highest priced listing is $1,824,000, the median listing price is $725,000 and the lowest priced listing is $569,000. The average market time for those properties is 88 days.
There were 9 condos that entered escrow in the same time period. The average price for those homes that entered escrow is $1,172,444. The highest price house is $1,695,000, the median price is $1,099,000 and the lowest priced house is $555,000. The average market time for the homes is 79.
One the Sales side there has been 17 properties close escrow. The average price of those 17 homes is $719,852 the highest price is $965,000, the median price is $749,000and the lowest priced property is $539,000. The average market time for these homes is 203 days.
For Santa Barbara Real Estate in Montecito Real Estate the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 106 Home and Estate/PUDs on the market. The average price for the 106 properties is $6,057,981; the highest priced listing is $34,000,000, the median listing price is $3,550,000 and the lowest priced listing is $1,200,000. The average market time for those properties is 115 days.
There were 27 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $3,085,440. The highest price house is $5,995,000, the median price is $2,850,000 and the lowest priced house is $822,900. The average market time for the homes is 138.
One the Sales side there has been 31 properties closed escrow. The average price of those 31 homes is $4,087,419, the highest price is $18,000,000, the median price is $2,900,000 and the lowest priced property is $1,310,000. The average market time for these homes is 155 days.
For Santa Barbara Real Estate for Montecito Real Estate the Price Range Statistics for Condominiums there are currently 9 condos currently on the market. The average price for the 9 properties is $1,389,444; the highest priced listing is $1,995,000, the median listing price is $1,275,000 and the lowest priced listing is $925,000. The average market time for those properties is 57 days.
There were 3 condos that entered escrow in the same time period. The average price for those homes that entered escrow is $1,247,999. The highest price house is $1,895,000, the median price is $999,999 and the lowest priced house is $849,000. The average market time for the homes is 53.
One the Sales side there has been 10 properties close escrow. The average price of those 10 homes is $1,666,000, the highest price is $3,500,000, the median price is $1,475,000 and the lowest priced property is $720,000. The average market time for these homes is 191 days.
For Santa Barbara Real Estate in Montecito Real Estate the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 106 Home and Estate/PUDs on the market. The average price for the 106 properties is $6,057,981; the highest priced listing is $34,000,000, the median listing price is $3,550,000 and the lowest priced listing is $1,200,000. The average market time for those properties is 115 days.
There were 27 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $3,085,440. The highest price house is $5,995,000, the median price is $2,850,000 and the lowest priced house is $822,900. The average market time for the homes is 138.
One the Sales side there has been 31 properties closed escrow. The average price of those 31 homes is $4,087,419, the highest price is $18,000,000, the median price is $2,900,000 and the lowest priced property is $1,310,000. The average market time for these homes is 155 days.
For Santa Barbara Real Estate for Montecito Real Estate the Price Range Statistics for Condominiums there are currently 9 condos currently on the market. The average price for the 9 properties is $1,389,444; the highest priced listing is $1,995,000, the median listing price is $1,275,000 and the lowest priced listing is $925,000. The average market time for those properties is 57 days.
There were 3 condos that entered escrow in the same time period. The average price for those homes that entered escrow is $1,247,999. The highest price house is $1,895,000, the median price is $999,999 and the lowest priced house is $849,000. The average market time for the homes is 53.
One the Sales side there has been 10 properties close escrow. The average price of those 10 homes is $1,666,000, the highest price is $3,500,000, the median price is $1,475,000 and the lowest priced property is $720,000. The average market time for these homes is 191 days.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate the Price Range Statistics for 1/1/2007 to 3/15/2007 show that there are currently 37 Home and Estate/PUDs on the market. The average price for the 37 properties is $2,886,075; the highest priced listing is $27,500,000, the median listing price is $1,095,000 and the lowest priced listing is $799,000. The average market time for those properties is 111 days.
There were 12 properties that entered escrow in the same time period. The average price for those homes that entered escrow is $2,513,583. The highest price house is $10,000,000, the median price is $1,375,000 and the lowest priced house is $625,000. The average market time for the homes is 129.
One the Sales side there has been 11 properties closed escrow. The average price of those 11 homes is $7,310,909, the highest price is $35,000,000, the median price is $1,615,000 and the lowest priced property is $750,000. The average market time for these homes is 112 days.
For Santa Barbara Real Estate for Carpinteria Real Estate/ Summerland Real Estate the Price Range Statistics for Condominiums there are currently 48 condos currently on the market. The average price for the 48 properties is $629,797; the highest priced listing is $1,250,000, the median listing price is $599,000 and the lowest priced listing is $428,900. The average market time for those properties is 96 days.
There were 7 condos that entered escrow in the same time period. The average price for those homes that entered escrow is $681,285. The highest price house is $865,000, the median price is $599,000 and the lowest priced house is $499,000. The average market time for the homes is 42.
One the Sales side there has been 6 properties close escrow. The average price of those 6 homes is $525,500, the highest price is $598,000, the median price is $520,000 and the lowest priced property is $450,000. The average market time for these homes is 177 days.
Santa Barbara Real Estate Podcasts
In the Goleta Real Estate North 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 9 for a total of 47 properties that have been active this year and the New Listings that came on this year are up by 2 for a 8% increase. The number of sales is up by 1 for a 11% increase, but the Average Sales Price is down. Last year at this time it was $674,667 and this year its at $526,970 for a decrease of -21%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate North there are 19 more properties that have been active this year as opposed to last year for a total of 107, but there are fewer new listings this year with 49 for last year vs. 46 for this year. The sales are up with 21 this year vs. 24 last year for a -12% decrease. But the Average Sales Price is down from $1,049,958 last year to $1,013,471 this year for a -3% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta Real Estate North there are 4 new properties that have been active this year as opposed to last year for a total of 7 but there are 2 fewer new listing with 3 for last year vs. 2 for this year. The sales are up with 3 this year vs. 0 last year for a 100% increase. And the Average Sales Price is up with $0 last year to $866,333 this year for a 100% increase.
Santa Barbara Real Estate Podcasts
In the Goleta Real Estate South 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 down by 3 for a total of 50 properties that have been active this year and the New Listings that came on this year are up by 2 for a 8% increase. The number of sales is down by 1 for a -7% decrease, but the Average Sales Price is up. Last year at this time it was $619,107 and this year its at $622,039 for an increase of 0%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate South there are 6 fewer properties that have been active this year as opposed to last year for a total of 53, and there are fewer new listings this year with 34 for last year vs. 31 for this year. The sales are up with 15 this year vs. 12 last year for a 25% increase. But the Average Sales Price is down from $898,625 last year to $984,133 this year for a -0% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta Real Estate South there is 1 less property that has been active this year as opposed to last year for a total of 4 and there are 2 fewer new listing with 5 for last year vs. 3 for this year. The sales are exactly the same with 1 this year vs. 1 last year for a 0% increase. But the Average Sales Price is down with $999,000 last year to $712,000 this year for a -28% decrease.
Santa Barbara Real Estate Podcasts
In the Hope Ranch Real Estate area of Santa Barbara Real Estate for the Condo Market there was no activity
In the Single Family Home market for the Santa Barbara Real Estate area of Hope Ranch Real Estate there are exactly the same numbers of properties that have been active this year as opposed to last year for a total of 22, and there are same numbers of new listings this year with 8 for last year vs. 8 for this year. The sales are up with 4 this year vs. 2 last year for a 100% increase. And the Average Sales Price is up from $1,755,000 last year to $3,836,250 this year for a 118% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Hope Ranch Real Estate there was no activity.
Santa Barbara Real Estate Podcasts
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 14 for a total of 69 properties that have been active this year and the New Listings that came on this year are down by 5 for a -14% decrease. The number of sales is down by 1 for a -10% decrease, and the Average Sales Price is down. Last year at this time it was $708,340 and this year its at $639,500 for a decrease of -9%.
In the Single Family Home market for the Santa Barbara Real Estate area of West of State St there are 14 more properties that have been active this year as opposed to last year for a total of 149, but there are fewer new listings this year with 75 for last year vs. 64 for this year. The sales are down with 30 this year vs. 35 last year for a -14% decrease. But the Average Sales Price is up from $1,120,100 last year to $1,164,350 this year for a 3% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of West of State St there is 6 more properties that have been active this year as opposed to last year for a total of 7 and there are 3 more new listing with 0 for last year vs. 3 for this year. The sales are up 1 this year vs. 0 last year for a 100% increase. And the Average Sales Price is up with $0 last year to $1,435,000 this year for a 100% increase.
Santa Barbara Real Estate Podcasts
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 down by 15 for a total of 74 properties that have been active this year and the New Listings that came on this year are down by 27 for a -45% decrease. The number of sales is up by 4 for a 30% increase, but the Average Sales Price is down. Last year at this time it was $951,252 and this year its at $719,853 for a decrease of -24%.
In the Single Family Home market for the Santa Barbara Real Estate area of East of State St there are 10 fewer properties that have been active this year as opposed to last year for a total of 182, and there are fewer new listings this year with 93 for last year vs. 87 for this year. The sales are up with 13 this year vs. 10 last year for a 30% increase. But the Average Sales Price is down from $1,464,573 last year to $1,141,731 this year for a -22% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of East of State St there is 1 less of property that has been active this year as opposed to last year for a total of 1 and there is 1 less new listing with 1 for last year vs. 0 for this year. The sales are the same with 0 this year vs. 0 last year for a 0% increase. And the Average Sales Price is the same with $0 last year to $0 this year for a 0% increase.
Santa Barbara Real Estate Podcasts
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 down by 1 for a total of 27 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 150% increase, and the Average Sales Price is down slightly. Last year at this time it was $1,730,000 and this year its at $1,711,000 for a decrease of -1%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 3 more properties that have been active this year as opposed to last year for a total of 189, but there are fewer new listings this year with 86 for last year vs. 71 for this year. The sales are up exactly the same with 30 this year vs. 30 last year for a 0% increase. And the Average Sales Price is up from $3,715,150 last year to $4,011,167 this year for a 7% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito 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 1 and there are exactly the same numbers of new listing with 0 for last year vs. 0 for this year. The sales are exactly the same with 0 this year vs. 0 last year for a 0% increase. And the Average Sales Price is the same with $0 last year to $0 this year for a 0% increase.
Santa Barbara Real Estate Podcasts
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 23 for a total of 76 properties that have been active this year and the New Listings that came on this year are up by 15 for a 17% increase. The number of sales is down by 5 for a -50% decrease, and the Average Sales Price is down. Last year at this time it was $720,400 and this year its at $511,000 for a decrease of -29%.
In the Single Family Home market for the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate there are 11 fewer properties that have been active this year as opposed to last year for a total of 65, and there are fewer new listings this year with 34 for last year vs. 25 for this year. The sales are up with 13 this year vs. 10 last year for a 30% increase. And the Average Sales Price is up from $3,920,500 last year to $6,558,192 this year for a 67% 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 2 but there is 1 more new listing with 1 for last year vs. 2 for this year. The sales are down with 0 this year vs. 1 last year for a -100% increase. And the Average Sales Price is down from $855,000 last year to $0 this year for a -100% decrease.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 2 months of 07 in the Single Family Home market 18 homes closed escrow with a median sold price of $927,000 and an average sold price of $992,383. 38 homes came on the market with a median asking price of $1,150,000 and an average asking price of $1,808,675. Also for that period 37 properties went into escrow, 0 were withdrawn from the market, 5 listings cancelled, 16 expired and 6 came back on the market. Currently there are 56 homes for sale in the area with a median list price of $1,279,000 and an average list price of $1,862,744.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first two months of 07 in the Condo market 9 condos closed escrow with a median sold price of $550,000 and an average sold price of $520,522. 18 condos came on the market with a median asking price of $570,000 and an average asking price of $589,172. Also for that period 9 properties went into escrow, 3 were withdrawn from the market, 4 listings cancelled, 5 expired and 2 came back on the market. Currently there are 25 condos for sale in the area with a median list price of $570,000 and an average list price of $579,752.
Santa Barbara Real Estate Podcasts
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 2 months of 07 in the Single Family Home market 12 homes closed escrow with a median sold price of $845,000 and an average sold price of $999,750. 30 homes came on the market with a median asking price of $899,000 and an average asking price of $1,007,716. Also for that period 18 properties went into escrow, 1 was withdrawn from the market, 4 listings cancelled, 9 expired and 6 came back on the market. Currently there are 26 homes for sale in the area with a median list price of $899,000 and an average list price of $1,173,538.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first two months of 07 in the Condo market 11 condos closed escrow with a median sold price of $605,000 and an average sold price of $591,500. 22 condos came on the market with a median asking price of $529,000 and an average asking price of $536,565. Also for that period 12 properties went into escrow, 2 were withdrawn from the market, 5 listings cancelled, 10 expired and 3 came back on the market. Currently there are 26 condos for sale in the area with a median list price of $529,000 and an average list price of $550,365.
Santa Barbara Real Estate Podcasts
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 2 months of 07 in the Single Family Home market 2 homes closed escrow with a median sold price of $4,777,500 and an average sold price of $4,777,500. 6 homes came on the market with a median asking price of $2,195,000 and an average asking price of $3,431,500. Also for that period 5 properties went into escrow, 1 was withdrawn from the market, 1 listing cancelled, 6 expired and 2 came back on the market. Currently there are 11 homes for sale in the area with a median list price of $6,850,000 and an average list price of $6,431,636.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first two months of 07 in the Condo market there was no activity.
Santa Barbara Real Estate Podcasts
For the Santa Barbara Real Estate area of West of State St for the first 2 months of 07 in the Single Family Home market 29 homes closed escrow with a median sold price of $985,000 and an average sold price of $1,152,293. 49 homes came on the market with a median asking price of $1,150,000 and an average asking price of $1,301,386. Also for that period 36 properties went into escrow, 7 were withdrawn from the market, 21 listings cancelled, 19 expired and 7 came back on the market. Currently there are 66 homes for sale in the area with a median list price of $1,169,000 and an average list price of $1,455,446.
For the Santa Barbara Real Estate area of West of State St for the first two months of 07 in the Condo market 9 condos closed escrow with a median sold price of $649,000 and an average sold price of $639,500. 26 condos came on the market with a median asking price of $665,000 and an average asking price of $787,976. Also for that period 15 properties went into escrow, 3 were withdrawn from the market, 7 listings cancelled, 16 expired and 13 came back on the market. Currently there are 39 condos for sale in the area with a median list price of $685,000 and an average list price of $838,276.
Santa Barbara Real Estate Podcasts
For the Santa Barbara Real Estate area of East of State St for the first 2 months of 07 in the Single Family Home market 35 homes closed escrow with a median sold price of $965,000 and an average sold price of $1,139,121. 74 homes came on the market with a median asking price of $1,295,000 and an average asking price of $1,696,139. Also for that period 47 properties went into escrow, 11 were withdrawn from the market, 9 listings cancelled, 24 expired and 12 came back on the market. Currently there are 85 homes for sale in the area with a median list price of $1,529,000 and an average list price of $1,902,681.
For the Santa Barbara Real Estate area of East of State St for the first two months of 07 in the Condo market 16 condos closed escrow with a median sold price of $749,000 and an average sold price of $725,781. 30 condos came on the market with a median asking price of $829,000 and an average asking price of $996,940. Also for that period 19 properties went into escrow, 4 were withdrawn from the market, 6 listings cancelled, 7 expired and 9 came back on the market. Currently there are 40 condos for sale in the area with a median list price of $699,000 and an average list price of $910,625.
Santa Barbara Real Estate Podcasts
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 2 months of 07 in the Single Family Home market 22 homes closed escrow with a median sold price of $2,881,250 and an average sold price of $3,969,045. 57 homes came on the market with a median asking price of $3,450,000 and an average asking price of $5,446,998. Also for that period 32 properties went into escrow, 8 were withdrawn from the market, 12 listings cancelled, 27 expired and 18 came back on the market. Currently there are 104 homes for sale in the area with a median list price of $3,550,000 and an average list price of $6,116,104.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first two months of 07 in the Condo market 8 condos closed escrow with a median sold price of $1,500,000 and an average sold price of $1,729,375. 11 condos came on the market with a median asking price of $1,369,000 and an average asking price of $1,505,727. Also for that period 7 properties went into escrow, 2 were withdrawn from the market, 2 listings cancelled, 5 expired and 0 came back on the market. Currently there are 8 condos for sale in the area with a median list price of $1,275,000 and an average list price of $1,438,625.
Santa Barbara Real Estate Podcasts
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 2 months of 07 in the Single Family Home market 9 homes closed escrow with a median sold price of $4,200,000 and an average sold price of $8,726,111. 19 homes came on the market with a median asking price of $1,375,000 and an average asking price of $3,246,100. Also for that period 12 properties went into escrow, 4 were withdrawn from the market, 3 listings cancelled, 7 expired and 4 came back on the market. Currently there are 37 homes for sale in the area with a median list price of $1,375,000 and an average list price of $2,311,913.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first two months of 07 in the Condo market 3 condos closed escrow with a median sold price of $520,000 and an average sold price of $516,666. 29 condos came on the market with a median asking price of $649,000 and an average asking price of $640,444. Also for that period 11 properties went into escrow, 2 were withdrawn from the market, 5 listings cancelled, 13 expired and 4 came back on the market. Currently there are 46 condos for sale in the area with a median list price of $599,000 and an average list price of $627,071.
Santa Barbara Real Estate Podcasts
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for Goleta Real EstateNorth there were 36 properties that went into escrow for the same period of time for 2006 there were 20, for 2005 there were 38 and for 2004 there were 26.
For that same period of time for 2007, 4 of those 36 properties fell out of escrow for a 11.1% fall through rate. For 2006, 3 or those 20 homes fell out of escrow for a 15% fall through rate. For 2005, 2 of those 38 fell out of escrow for a 5.2% fall through rate and for 2004, 1 or those 26 properties fell out of escrow for a 3.8% fall through rate.
On the condo side of the ledger for Goleta Real Estate North 8 condos went into escrow for 2007. For 2006, 10 went into escrow, for 2005, 14 went into escrow and for 2004, 7 went into escrow. In 2007, 1 of those 8 fell out of escrow for a 12.5% fall through rate. For 2006, 0 of those 10 fell out of escrow for a 0% fall through rate, for 2005, 0 of those 14 fell out of escrow for a 0% fall through rate. And for 2004, 0 of those 7 fell out of escrow for a 0% fall through rate.
On the Home and Estate/PUD side we see Escrows at above the rate for 2004 but below the 2005 numbers, but the Fall Through rate of 11.1% is substantially higher for 2007 as opposed to the 3.8% of 2004.
For Condos we are below the level of activity that occurred in 2004 and the Fall Through rate is higher with 0% in 2004 and 12.5% for 2007.
Santa Barbara Real Estate Podcasts
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for Goleta Real Estate South there were 18 properties that went into escrow for the same period of time for 2006 there were 17, for 2005 there were 8 and for 2004 there were 21.
For that same period of time for 2007, 2 of those 18 properties fell out of escrow for a 11.1% fall through rate. For 2006, 0 or those 17 homes fell out of escrow for a 0% fall through rate. For 2005, 1 of those 8 fell out of escrow for a 12.5% fall through rate and for 2004, 0 or those 21 properties fell out of escrow for a 0% fall through rate.
On the condo side of the ledger for Goleta Real Estate South 13 condos went into escrow for 2007. For 2006, 13 went into escrow, for 2005, 14 went into escrow and for 2004, 15 went into escrow. In 2007, 2 of those 13 fell out of escrow for a 15.3% fall through rate. For 2006, 0 of those 13 fell out of escrow for a 0% fall through rate, for 2005, 2 of those 14 fell out of escrow for a 14.2% fall through rate. And for 2004, 1 of those 15 fell out of escrow for a 6.6% fall through rate.
On the Home and Estate/PUD side we see Escrows at below the rate for 2004 but above the 2006 numbers, but the Fall Through rate of 11.1% is substantially higher for 2007 as opposed to the 0% of 2004.
For Condos we are below the level of activity that occurred in 2004 and the Fall Through rate is higher with 6.6% in 2004 and 15.3% for 2007.
Santa Barbara Real Estate Podcasts
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for Hope Ranch Real Estate there were 3 properties that went into escrow for the same period of time for 2006 there were 5, for 2005 there were 5 and for 2004 there were 3.
For that same period of time for 2007, 0 of those 3 properties fell out of escrow for a 0% fall through rate. For 2006, 0 or those 5 homes fell out of escrow for a 0% fall through rate. For 2005, 0 of those 5 fell out of escrow for a 0% fall through rate and for 2004, 1 or those 3 properties fell out of escrow for a 33.3% fall through rate.
On the condo side of the ledger for Hope Ranch Real Estate there was no activity for 1/1 through 2/22 for all the years we looked at.
On the Home and Estate/PUD side we see Escrows at the same rate as 2004 but below the 2005 numbers, but the Fall Through rate of 0% is substantially less for 2007 as opposed to the 33.3% of 2004.
For Condos there was no activity.
Santa Barbara Real Estate Podcasts
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for West of State St there were 36 properties that went into escrow for the same period of time for 2006 there were 29, for 2005 there were 35 and for 2004 there were 45.
For that same period of time for 2007, 4 of those 36 properties fell out of escrow for a 11.1% fall through rate. For 2006, 3 or those 29 homes fell out of escrow for a 10.3% fall through rate. For 2005, 0 of those 35 fell out of escrow for a 0% fall through rate and for 2004, 3 or those 45 properties fell out of escrow for a 6.6% fall through rate.
On the condo side of the ledger for West of State St 13 condos went into escrow for 2007. For 2006, 6 went into escrow, for 2005, 10 went into escrow and for 2004, 20 went into escrow. In 2007, 1 of those 13 fell out of escrow for a 7.69% fall through rate. For 2006, 0 of those 6 fell out of escrow for a 0% fall through rate, for 2005, 0 of those 10 fell out of escrow for a 0% fall through rate. And for 2004, 0 of those 20 fell out of escrow for a 0% fall through rate.
On the Home and Estate/PUD side we see Escrows at the same rate as 2005 but below the 2004 numbers, but the Fall Through rate of 11.1% is substantially higher for 2007 as opposed to the 6.6% of 2004.
For Condos we are below the level of activity that occurred in 2004 and the Fall Through rate is higher with 0% in 2004 and 7.69% for 2007.
Santa Barbara Real Estate Podcasts
For the first two months of the year 2007 for Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate Summerland Real Estateand Goleta Real Estate overall the numbers are looking very good. The number of sales for Home Estates/PUDs was up to 69 for February from 58 for January but the Median Sales price went down from $1,250,000 in January to $1,025,000 in February. This Median Sales price bounces around a lot from month to month so it shouldnt be taken as an alarming drop.
The real good news is that the number of pending listings, or those entering escrow is again up. In January we were at 92 and for February it went up to 96. If all these properties currently in escrow complete their sales this will be more than a 50% increase in the number of sales weve seen for Quarter 4 of 06. The other interesting number in the Pending category is that the Days on the Market went from over 100 to 90. This means that the Market is continuing to accelerate.
As of the end of February there are 383 Home Estate/PUDs for sale in the Santa Barbara area. The only number that is somewhat bothersome is that the Median List price for those homes is $1,659,000. That means that the Gap between what people are willing to pay currently $1,025,000 and what theyre asking $1,659,000 is more than $600,000 or a gap of about 36%. But even though that gap exists the market number of sales is increasing. What this tells me is the properties that are selling are the ones around $1,025,000 to about $1,250,000.
Looking more closely at the Median Sales price we see that the highest Sold Price for a property for the month of February was $35,000,000 for a home out in the Carpinteria area and the lowest Sold Price was $240,000 for one just over the crest of San Marcos Pass.
The average sales price for those 69 homes was a whopping $2,431,386 and the Average Market time, which is the time from when the property is listed until it closes escrow, was 135 days.
To give you a little perspective on the numbers in 2004 there were 164 sales in January to February for 2005 there were 149 , for 2006 there were 121 and for 2007 128. The median sales price went from $948,750 in January to February 2004 to $1,170,000 for 2005 to $1,160,000 for 2006 and to $1,057,500 for 2007.
Again, the really encouraging numbers are the number of properties entering escrow for the first two months of the year. The 187 that went into escrow is about 10% less than in 2004 and about 10% more than 2005. So all in all it could be a very good year for Home Estate/PUD sales in the Santa Barbara area.
Over on the Condo side of the ledger there were 56 that closed escrow in the first two months of the year. This number is down slightly from the past 3 months, which means were still seeing a bit of a decline in the number of units sold. For all of 2006 we averaged about 30 sales per month and in the fourth quarter those numbers were right at that same level. So 30 seems to be the current magic number for condos to be sold per month.
The median sales price for the 27 condos that sold in February was $640,000 so its stayed right about where its been for the past few months. A percentage or two up, but basically right at the same level for the previous year. The condo market moves around more than the Home Estate market so its interesting that the sales are not rising as rapidly on the Condo side of the ledger. The Median List price for those sold properties was $649,000, which gives us a Sold Price to List Price ratio of 95.73%. This is again right about where weve been for the previous year.
The really good number for the Real Estate industry is the number of condos that went into escrow in January and February 2007. This number was down slightly to 34 in February compared to 39 for January. Hopefully the increased number of properties going into escrow will continue, but its still too early to tell.
Looking more closely at the number of sales we see that of the properties that went into escrow the Median List price was $649,000 which means that the slightly more expensive condos are starting to move now. If this trend holds well start seeing an increase in the overall Median Sales price for condos.
The overall inventory or total number of condos for sale has risen slightly from the previous month with 183 condos on the market at the end of the month of February. The Median List price and Median Sold price are only about 1% apart which means the Condo market is basically in balance at this point.
Looking more closely at the numbers we see that the highest Sold Price for a property for the month of February was $3,500,000 for a condo in the Montecito area and the lowest Sold Price was $460,000 for one in the Goleta area.
The average sales price for those 27 homes was $844,555 and the Average Market time, which is the time from when the property is listed until it closes escrow, was a whopping 198 days or more than 7 months. This number is substantially larger than that which the Home and Estates took which was 95. This means the Condo market is still rather sluggish.
To give you more perspective on the numbers in 2004 there were 69 sales in January to February for 2005 there were also 55, for 2006 there were 50 and for 2007 it was back up to 56. The median sales price went from $549,500 in January to February 2004 to $639,000 for 2005 to $694,000 for 2006 and to $642,500 for 2007.
As I mentioned the encouraging numbers to me are the condos that entered escrow in the first two months. For 2004 there were 76, it then dropped to 68 for 2005, then declined further in 2006 to 50 and then rose in 2007 to 72 almost back to 2004 levels. Well have to get a little deeper into the year to see whether this trend continues, but as of now this looks very good.
Well thats about it for Santa Barbara Real Estate for the months of January to February 2007. Things are definitely starting to point in the right direction for the market to be picking up so hopefully the trend will continue.
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for East of State St there were 48 properties that went into escrow for the same period of time for 2006 there were 45, for 2005 there were 48 and for 2004 there were 69.
For that same period of time for 2007, 4 of those 48 properties fell out of escrow for a 8.3% fall through rate. For 2006 8 or those 45 homes fell out of escrow for a 17.7% fall through rate. For 2005, 5 of those 48 fell out of escrow for a 10.4% fall through rate and for 2004, 2 or those 69 properties fell out of escrow for a 4.3% fall through rate.
On the condo side of the ledger for East of State St 19 condos went into escrow for 2007. For 2006, 10 went into escrow, for 2005, 16 went into escrow and for 2004, 11 went into escrow. In 2007, 4 of those 19 fell out of escrow for a 21% fall through rate. For 2006, 2 of those 10 fell out of escrow for a 20% fall through rate, for 2005, 0 of those 10 fell out of escrow for a 0% fall through rate. And for 2004, 0 of those 16 fell out of escrow for a 0% fall through rate.
On the Home and Estate/PUD side we see Escrows at the same rate as 2005 but below the 2004 numbers, but the Fall Through rate of 8.3% is substantially higher for 2007 as opposed to the 4.3% of 2004.
For Condos we are above the level of activity that occurred in 2004 but the Fall Through rate is higher with 0% in 2004 and 21% for 2007.
Santa Barbara Real Estate Podcasts
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for East of State St there were 48 properties that went into escrow for the same period of time for 2006 there were 45, for 2005 there were 48 and for 2004 there were 69.
For that same period of time for 2007, 4 of those 48 properties fell out of escrow for a 8.3% fall through rate. For 2006 8 or those 45 homes fell out of escrow for a 17.7% fall through rate. For 2005, 5 of those 48 fell out of escrow for a 10.4% fall through rate and for 2004, 2 or those 69 properties fell out of escrow for a 4.3% fall through rate.
On the condo side of the ledger for East of State St 19 condos went into escrow for 2007. For 2006, 10 went into escrow, for 2005, 16 went into escrow and for 2004, 11 went into escrow. In 2007, 4 of those 19 fell out of escrow for a 21% fall through rate. For 2006, 2 of those 10 fell out of escrow for a 20% fall through rate, for 2005, 0 of those 10 fell out of escrow for a 0% fall through rate. And for 2004, 0 of those 16 fell out of escrow for a 0% fall through rate.
On the Home and Estate/PUD side we see Escrows at the same rate as 2005 but below the 2004 numbers, but the Fall Through rate of 8.3% is substantially higher for 2007 as opposed to the 4.3% of 2004.
For Condos we are above the level of activity that occurred in 2004 but the Fall Through rate is higher with 0% in 2004 and 21% for 2007.
Santa Barbara Real Estate Podcasts
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for East of State St there were 48 properties that went into escrow for the same period of time for 2006 there were 45, for 2005 there were 48 and for 2004 there were 69.
For that same period of time for 2007, 4 of those 48 properties fell out of escrow for a 8.3% fall through rate. For 2006 8 or those 45 homes fell out of escrow for a 17.7% fall through rate. For 2005, 5 of those 48 fell out of escrow for a 10.4% fall through rate and for 2004, 2 or those 69 properties fell out of escrow for a 4.3% fall through rate.
On the condo side of the ledger for East of State St 19 condos went into escrow for 2007. For 2006, 10 went into escrow, for 2005, 16 went into escrow and for 2004, 11 went into escrow. In 2007, 4 of those 19 fell out of escrow for a 21% fall through rate. For 2006, 2 of those 10 fell out of escrow for a 20% fall through rate, for 2005, 0 of those 10 fell out of escrow for a 0% fall through rate. And for 2004, 0 of those 16 fell out of escrow for a 0% fall through rate.
On the Home and Estate/PUD side we see Escrows at the same rate as 2005 but below the 2004 numbers, but the Fall Through rate of 8.3% is substantially higher for 2007 as opposed to the 4.3% of 2004.
For Condos we are above the level of activity that occurred in 2004 but the Fall Through rate is higher with 0% in 2004 and 21% for 2007.
Santa Barbara Real Estate Podcasts
Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for Montecito Real Estate there were 35 properties that went into escrow for the same period of time for 2006 there were 29, for 2005 there were 40 and for 2004 there were 35.
For that same period of time for 2007, 10 of those 35 properties fell out of escrow for a 28.5% fall through rate. For 2006 4 or those 29 homes fell out of escrow for a 13.7% fall through rate. For 2005, 4 of those 40 fell out of escrow for a 10% fall through rate and for 2004, 2 or those 35 properties fell out of escrow for a 5.7% fall through rate.
On the condo side of the ledger for Montecito Real Estate 9 condos went into escrow for 2007. For 2006, 4 went into escrow, for 2005, 6 went into escrow and for 2004, 7 went into escrow. In 2007, 0 of those 9 fell out of escrow for a 0% fall through rate. For 2006, 1 of those 4 fell out of escrow for a 25% fall through rate, for 2005, 1 of those 6 fell out of escrow for a 16.6% fall through rate. And for 2004, 0 of those 6 fell out of escrow for a 0% fall through rate.
On the Home and Estate/PUD side we see Escrows at the same rate as 2004 and not quite 2005 numbers, but the Fall Through rate of 28.5% is substantially higher for 2007 as opposed to the 16.6% of 2005 and 0% rate of 2004.
For Condos we are above the level of activity that occurred in 2004 and the Fall Through rate is the same with 0% in 2004 and 0% in 2007.
Santa Barbara Real Estate Podcasts