For the Santa Barbara Real Estate areas of East of State St for Single Family Homes there were 21 that closed escrow in the last 30 days with a Median Sales Price of $1,212,000 and an Average Sales Price of $1,354,047. The average Days on the Market for those properties was 90. 44 properties came on the market with a Median Asking Price of $1,300,000 and an Average Asking Price of $1,637,043. 17 properties went into escrow with a Median Asking Price of $1,299,000 and an Average Asking Price of $1,294,411. The average Days on the Market for those properties is 18. Currently there are 106 Single Family Residents for sale in the area with a median asking price of $1,649,000 and an average asking price of $1,949,282. The average Days on the Market for those properties is 83.
For the Santa Barbara Real Estate areas of East of State St for Condominiums there were 11 that closed escrow in the last 30 days with a Median Sales Price of $929,000 and an Average Sales Price of $940,409. The average Days on the Market for those properties was 59. 10 properties came on the market with a Median Asking Price of $679,000 and an Average Asking Price of $891,590. 13 went into escrow with a Median Asking Price of $1,200,000 and an Average Asking Price of $1,117,253. The average Days on the Market for those properties is 95. Currently there are 36 Condominiums for sale in the area with a median asking price of $775,000 and an average asking price of $915,480. The average Days on the Market for those properties is 69.
For the Santa Barbara Real Estate areas of Montecito Real Estate for Single Family Homes there were 21 that closed escrow in the last 30 days with a Median Sales Price of $2,775,000 and an Average Sales Price of $4,072,428. The average Days on the Market for those properties was 116. 33 properties came on the market with a Median Asking Price of $3,479,000 and an Average Asking Price of $4,265,573. 18 properties went into escrow with a Median Asking Price of $3,295,000 and an Average Asking Price of $3,675,828. The average Days on the Market for those properties is 68. Currently there are 117 Single Family Residents for sale in the area with a median asking price of $3,790,000 and an average asking price of $5,914,470. The average Days on the Market for those properties is 115.
For the Santa Barbara Real Estate areas of Montecito Real Estate for Condominiums there were 4 that closed escrow in the last 30 days with a Median Sales Price of $897,500 and an Average Sales Price of $1,898,750. The average Days on the Market for those properties was 41. 4 properties came on the market with a Median Asking Price of $1,195,000 and an Average Asking Price of $2,242,500. 3 went into escrow with a Median Asking Price of $3,700,000 and an Average Asking Price of $3,200,000. The average Days on the Market for those properties is 11. Currently there are 10 Condominiums for sale in the area with a median asking price of $1,289,000 and an average asking price of $1,583,700. The average Days on the Market for those properties is 84.
For the Santa Barbara Real Estate areas of Carpinteria Real Estate/Summerland Real Estate for Single Family Homes there were 3 that closed escrow in the last 30 days with a Median Sales Price of $1,625,000 and an Average Sales Price of $5,155,000. The average Days on the Market for those properties was 73. 18 properties came on the market with a Median Asking Price of $969,000 and an Average Asking Price of $1,295,133. 4 properties went into escrow with a Median Asking Price of $1,159,000 and an Average Asking Price of $1,353,250. The average Days on the Market for those properties is 66. Currently there are 57 Single Family Residents for sale in the area with a median asking price of $995,000 and an average asking price of $2,451,235. The average Days on the Market for those properties is 80.
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 $567,500 and an Average Sales Price of $577,500. The average Days on the Market for those properties was 176. 10 properties came on the market with a Median Asking Price of $545,000 and an Average Asking Price of $576,339. 6 went into escrow with a Median Asking Price of $549,000 and an Average Asking Price of $559,166. The average Days on the Market for those properties is 51. Currently there are 51 Condominiums for sale in the area with a median asking price of $595,000 and an average asking price of $636,482. The average Days on the Market for those properties is 116.
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 exactly the same for a total of 63 properties that have been active this year but the New Listings that came on this year are down by 9 for a -19% decrease. The number of sales is down from where it was last year for a -13% decrease, and the Average Sales Price is down. Last year at this time it was $648,364 and this year it’s at $543,023 for a decrease of -16%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate North there are 26 more properties that have been active this year as opposed to last year for a total of 181, and there are more new listings this year with 116 for last year vs. 120 for this year. The sales are up with 53 this year vs. 52 last year for a 1% increase. But the Average Sales Price is down from $1,049,828 last year to $1,220,845 this year for a 16% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta Real Estate North there are 4 more listing of properties that have been active this year as opposed to last year for a total of 13 but there is 1 less new listing with 9 for last year vs. 8 for this year. The sales are up with 5 this year vs. 0 last year for a 100% increase. And the Average Sales Price is up from $0 last year to $900,100 this year for a 100% increase.
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 8 for a total of 79 properties that have been active this year and the New Listings that came on this year are down by 3 for a -5% decrease. The number of sales is up from where it was last year for an 11% increase, but the Average Sales Price is down. Last year at this time it was $603,019 and this year it’s at $554,767 for a decrease of -8%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate South there are 6 more properties that have been active this year as opposed to last year for a total of 99, and there are more new listings this year with 68 for last year vs. 77 for this year. The sales are down with 30 this year vs. 33 last year for a -9% decrease. And the Average Sales Price is down from $1,045,567 last year to $1,017,250 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 exactly the same numbers of properties that have been active this year as opposed to last year for a total of 6 but there is 1 less new listing with 6 for last year vs. 5 for this year. The sales are up 4 this year vs. 3 last year for a 33% increase. But the Average Sales Price is down from $1,132,000 last year to $871,750 this year for a -22% decrease.
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 3more properties that have been active this year as opposed to last year for a total of 36, and there are more new listings this year with 19 for last year vs. 22 for this year. The sales are up with 13 this year vs. 4 last year for a 225% decrease. And the Average Sales Price is up from $2,677,500 last year to $4,577,308 this year for a 70% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Hope Ranch Real Estate there is 1 less property that has been active this year as opposed to last year for a total of 0 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.
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 11 for a total of 111 properties that have been active this year but the New Listings that came on this year are down by 9 for a -11% decrease. The number of sales is up from where it was last year for a 57% increase, but the Average Sales Price is down. Last year at this time it was $714,547 and this year it’s at $678,775 for a decrease of -5%.
In the Single Family Home market for the Santa Barbara Real Estate area of West of State St there are 11 more properties that have been active this year as opposed to last year for a total of 225, but there are fewer new listings this year with 154 for last year vs. 139 for this year. The sales are down with 75 this year vs. 76 last year for a -1% decrease. But the Average Sales Price is up from $1,109,932 last year to $1,149,947 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 are 4 more properties that have been active this year as opposed to last year for a total of 8 and there 1 more new listing with 3 for last year vs. 4 for this year. The sales are up 2 this year vs. 0 last year for a 100% increase. And the Average Sales Price is up from $0 last year to $1,237,000 this year for a 100% increase.
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 109 properties that have been active this year and the New Listings that came on this year are down by 25 for a -26% decrease. The number of sales is up from where it was last year for a 21% increase, but the Average Sales Price is down. Last year at this time it was $927,681 and this year it’s at $896,000 for a decrease of -3%.
In the Single Family Home market for the Santa Barbara Real Estate area of East of State St there are 2 fewer properties that have been active this year as opposed to last year for a total of 292, but there are more new listings this year with 195 for last year vs. 197 for this year. The sales are up with 98 this year vs. 94 last year for a 4% increase. But the Average Sales Price is down from $1,520,893 last year to $1,333,791 this year for a -12% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of East of State St there is 1 less property that has been active this year as opposed to last year for a total of 2 and there is 1 less new listing with 2 for last year vs. 1 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.
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 7 for a total of 37 properties that have been active this year and the New Listings that came on this year are down by 6 for a -21% decrease. The number of sales is up from where it was last year for a 137% increase, but the Average Sales Price is down. Last year at this time it was $1,717,500 and this year it’s at $1,716,053 for a decrease of -0%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 9 more properties that have been active this year as opposed to last year for a total of 278, but there are fewer new listings this year with 169 for last year vs. 159 for this year. The sales are up with 68 this year vs. 85 last year for a 25% increase. But the Average Sales Price is down from $3,746,528 last year to $3,558,590 this year for a -5% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito 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 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 1 this year vs. 1 last year for a 0% increase. But the Average Sales Price is up from $1,250,000 last year to $2,325,000 this year for an 86% increase.
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 15 for a total of 105 properties that have been active this year and the New Listings that came on this year are up by 7 for a 12% increase. The number of sales is exactly where it was last year for a 0% increase, and the Average Sales Price is down. Last year at this time it was $707,690 and this year it’s at $595,824 for a decrease of -15%.
In the Single Family Home market for the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate there are 5 fewer properties that have been active this year as opposed to last year for a total of 103, and there are fewer new listings this year with 66 for last year vs. 63 for this year. The sales are up with 26 this year vs. 25 last year for a 4% increase. And the Average Sales Price is up from $2,821,100 last year to $4,430,558 this year for a 57% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland 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 3 and there is 1 more new listing with 1 for last year vs. 2 for this year. The sales are exactly the same with 1 this year vs. 1 last year for a 0% increase. And the Average Sales Price is down from $850,000 last year to $630,000 this year for a -25% decrease.
For Santa Barbara Real Estate in Goleta Real Estate North the Price Range Statistics for 1/1/2007 to 4/11/2007 show that there are currently 78 Home and Estate/PUDs on the market. The average price for the 78 properties is $1,587,645; the highest priced listing is $13,500,000, the median listing price is $999,998 and the lowest priced listing is $199,777. The average market time for those properties is 72 days.
There are 20 properties that are currently in escrow. The average price for those homes that entered escrow is $1,353,694. The highest price house is $3,395,000 the median price is $1,018,000 and the lowest priced house is $260,000. The average market time for the homes is 59.
One the Sales side there has been 55 properties closed escrow. The average price of those 55 homes is $1,219,550 the highest price is $8,200,000, the median price is $950,000 and the lowest priced property is $240,000. The average market time for these homes is 115 days.
For Santa Barbara Real Estate for Goleta Real Estate North the Price Range Statistics for Condominiums there are currently 24 condos currently on the market. The average price for the 24 properties is $584,351; the highest priced listing is $869,000, the median listing price is $567,000 and the lowest priced listing is $409,750. The average market time for those properties is 86 days.
There are currently 3 condos that are in escrow. The average price for those homes that entered escrow is $573,666. The highest price house is $635,000, the median price is $549,000 and the lowest priced house is $537,000. The average market time for the homes is 150.
One the Sales side there has been 18 properties close escrow. The average price of those 18 homes is $543,746, the highest price is $635,000, the median price is $550,000 and the lowest priced property is $213,200. The average market time for these homes is 111 days.
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For Santa Barbara Real Estate in Goleta Real Estate South the Price Range Statistics for 1/1/2007 to 4/11/2007 show that there are currently 46 Home and Estate/PUDs on the market. The average price for the 46 properties is $1,155,917; the highest priced listing is $4,500,000, the median listing price is $949,000 and the lowest priced listing is $675,000. The average market time for those properties is 47 days.
There are 12 properties that are currently in escrow. The average price for those homes that entered escrow is $1,154,333. The highest price house is $2,649,000 the median price is $949,000 and the lowest priced house is $799,000. The average market time for the homes is 48.
One the Sales side there has been 30 properties closed escrow. The average price of those 30 homes is $1,009,816 the highest price is $2,649,000, the median price is $854,000 and the lowest priced property is $625,000. The average market time for these homes is 93 days.
For Santa Barbara Real Estate for Goleta Real Estate South the Price Range Statistics for Condominiums there are currently 31 condos currently on the market. The average price for the 31 properties is $564,380; the highest priced listing is $799,000, the median listing price is $549,000 and the lowest priced listing is $299,000. The average market time for those properties is 85 days.
There are currently 9 condos that are in escrow. The average price for those homes that entered escrow is $605,855. The highest price house is $942,000, the median price is $529,000 and the lowest priced house is $369,000. The average market time for the homes is 60.
One the Sales side there has been 29 properties close escrow. The average price of those 29 homes is $535,965, the highest price is $795,000, the median price is $515,000 and the lowest priced property is $312,500. The average market time for these homes is 118 days.
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For Santa Barbara Real Estate in Hope Ranch Real Estate the Price Range Statistics for 1/1/2007 to 4/11/2007 show that there are currently 15 Home and Estate/PUDs on the market. The average price for the 15 properties is $6,807,800; the highest priced listing is $39,500,000, the median listing price is $3,195,000 and the lowest priced listing is $1,899,000. The average market time for those properties is 11 days.
There are 4 properties that are currently in escrow. The average price for those homes that entered escrow is $5,123,750. The highest price house is $10,950,000, the median price is $3,195,000 and the lowest priced house is $2,750,000. The average market time for the homes is 31.
One the Sales side there has been 12 properties closed escrow. The average price of those 12 homes is $4,692,916 the highest price is $12,650,000, the median price is $2,655,000 and the lowest priced property is $2,750,000. The average market time for these homes is 190 days.
For Santa Barbara Real Estate for Hope Ranch Real Estate the Price Range Statistics for Condominiums there was no activity.
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For Santa Barbara Real Estate in West of State St the Price Range Statistics for 1/1/2007 to 4/11/2007 show that there are currently 83 Home and Estate/PUDs on the market. The average price for the 83 properties is $1,348,942; the highest priced listing is $5,645,000, the median listing price is $1,149,000 and the lowest priced listing is $669,000. The average market time for those properties is 90 days.
There are 16 properties that are currently in escrow. The average price for those homes that entered escrow is $1,426,937. The highest price house is $5,200,000, the median price is $985,000 and the lowest priced house is $729,000. The average market time for the homes is 86.
One the Sales side there has been 71 properties closed escrow. The average price of those 71 homes is $1,139,902 the highest price is $2,530,000, the median price is $1,015,000 and the lowest priced property is $525,000. The average market time for these homes is 110 days.
For Santa Barbara Real Estate for West of State St the Price Range Statistics for Condominiums there are currently 42 condos currently on the market. The average price for the 42 properties is $808,507; the highest priced listing is $2,395,000, the median listing price is $679,500 and the lowest priced listing is $409,000. The average market time for those properties is 68 days.
There are currently 12 condos that are in escrow. The average price for those homes that entered escrow is $700,708. The highest price house is $1,275,000, the median price is $655,000 and the lowest priced house is $469,000. The average market time for the homes is 102.
One the Sales side there has been 28 properties close escrow. The average price of those 28 homes is $680,294, the highest price is $1,450,000, the median price is $640,000 and the lowest priced property is $410,000. The average market time for these homes is 140 days.
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For Santa Barbara Real Estate in East of State St the Price Range Statistics for 1/1/2007 to 4/11/2007 show that there are currently 108 Home and Estate/PUDs on the market. The average price for the 108 properties is $1,936,443; the highest priced listing is $11,950,000, the median listing price is $1,665,000 and the lowest priced listing is $625,000. The average market time for those properties is 82 days.
There are 32 properties that are currently in escrow. The average price for those homes that entered escrow is $1,387,406. The highest price house is $2,820,000, the median price is $1,279,000 and the lowest priced house is $490,000. The average market time for the homes is 86.
One the Sales side there has been 83 properties closed escrow. The average price of those 83 homes is $1,307,637 the highest price is $9,300,000, the median price is $1,125,000 and the lowest priced property is $455,000. The average market time for these homes is 116 days.
For Santa Barbara Real Estate for East of State St the Price Range Statistics for Condominiums there are currently 36 condos currently on the market. The average price for the 36 properties is $937,000; the highest priced listing is $1,699,000, the median listing price is $829,000 and the lowest priced listing is $525,000. The average market time for those properties is 76 days.
There are currently 13 condos that are in escrow. The average price for those homes that entered escrow is $935,953. The highest price house is $1,600,000, the median price is $887,500 and the lowest priced house is $525,000. The average market time for the homes is 57.
One the Sales side there has been 36 properties close escrow. The average price of those 36 homes is $879,027, the highest price is $1,635,000, the median price is $776,000 and the lowest priced property is $490,000. The average market time for these homes is 163 days.
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For Santa Barbara Real Estate in Montecito Real Estate the Price Range Statistics for 1/1/2007 to 4/11/2007 show that there are currently 118 Home and Estate/PUDs on the market. The average price for the 118 properties is $5,771,160; the highest priced listing is $34,000,000, the median listing price is $3,695,000 and the lowest priced listing is $1,299,000. The average market time for those properties is 113 days.
There are 18 properties that are currently in escrow. The average price for those homes that entered escrow is $4,495,500. The highest price house is $19,000,000, the median price is $3,295,000 and the lowest priced house is $1,395,000. The average market time for the homes is 115.
One the Sales side there has been 77 properties closed escrow. The average price of those 77 homes is $3,424,222 the highest price is $18,000,000, the median price is $2,900,000 and the lowest priced property is $881,000. The average market time for these homes is 151 days.
For Santa Barbara Real Estate for Montecito Real Estate the Price Range Statistics for Condominiums there are currently 11 condos currently on the market. The average price for the 11 properties is $1,751,454; the highest priced listing is $3,700,000, the median listing price is $1,325,000 and the lowest priced listing is $897,000. The average market time for those properties is 87 days.
There are currently 0 condos that are in escrow. The average price for those homes that entered escrow is $0. The highest price house is $0, the median price is $0 and the lowest priced house is $0. The average market time for the homes is 0.
One the Sales side there has been 15 properties close escrow. The average price of those 15 homes is $1,470,333, the highest price is $3,500,000, the median price is $1,200,000 and the lowest priced property is $720,000. The average market time for these homes is 158 days.
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For Santa Barbara Real Estate in Carpinteria Real Estate/ Summerland Real Estate the Price Range Statistics for 1/1/2007 to 4/11/2007 show that there are currently 51 Home and Estate/PUDs on the market. The average price for the 51 properties is $2,457,949; the highest priced listing is $27,500,000, the median listing price is $987,500 and the lowest priced listing is $750,000. The average market time for those properties is 84 days.
There are 7 properties that are currently in escrow. The average price for those homes that entered escrow is $2,893,142. The highest price house is $10,000,000, the median price is $1,595,000 and the lowest priced house is $799,000. The average market time for the homes is 111.
One the Sales side there has been 21 properties closed escrow. The average price of those 21 homes is $4,891,190, the highest price is $35,000,000, the median price is $1,625,000 and the lowest priced property is $630,000. The average market time for these homes is 157 days.
For Santa Barbara Real Estate for Carpinteria Real Estate/ Summerland Real Estate the Price Range Statistics for Condominiums there are currently 53 condos currently on the market. The average price for the 53 properties is $640,850; the highest priced listing is $1,500,000, the median listing price is $599,000 and the lowest priced listing is $419,000. The average market time for those properties is 106 days.
There are currently 6 condos that are in escrow. The average price for those homes that entered escrow is $546,500. The highest price house is $658,000, the median price is $549,000 and the lowest priced house is $429,000. The average market time for the homes is 41.
One the Sales side there has been 16 properties close escrow. The average price of those 16 homes is $593,687, the highest price is $850,000, the median price is $570,000 and the lowest priced property is $450,000. The average market time for these homes is 153 days.
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For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 4 months of ’07 in the Single Family Home market 50 homes closed escrow with a median sold price of $943,250 and an average sold price of $1,202,645. 98 homes came on the market with a median asking price of $999,998 and an average asking price of $1,441,926. Also for that period 61 properties went into escrow, 7 were withdrawn from the market, 10 listings cancelled, 26 expired and 14 came back on the market. Currently there are 79 homes for sale in the area with a median list price of $1,049,500 and an average list price of $1,658,965.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first four months of ’07 in the Condo market 17 condos closed escrow with a median sold price of $550,000 and an average sold price of $542,261. 28 condos came on the market with a median asking price of $570,000 and an average asking price of $601,423. Also for that period 16 properties went into escrow, 4 were withdrawn from the market, 9 listings cancelled, 10 expired and 3 came back on the market. Currently there are 21 condos for sale in the area with a median list price of $565,000 and an average list price of $586,602.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 4 months of ’07 in the Single Family Home market 27 homes closed escrow with a median sold price of $854,000 and an average sold price of $1,026,833. 66 homes came on the market with a median asking price of $949,000 and an average asking price of $1,086,018. Also for that period 34 properties went into escrow, 2 were withdrawn from the market, 9 listings cancelled, 13 expired and 9 came back on the market. Currently there are 40 homes for sale in the area with a median list price of $949,000 and an average list price of $1,172,432.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first four months of ’07 in the Condo market 25 condos closed escrow with a median sold price of $529,000 and an average sold price of $548,720. 50 condos came on the market with a median asking price of $574,000 and an average asking price of $568,587. Also for that period 28 properties went into escrow, 3 were withdrawn from the market, 6 listings cancelled, 14 expired and 11 came back on the market. Currently there are 34 condos for sale in the area with a median list price of $549,000 and an average list price of $581,444.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 4 months of ’07 in the Single Family Home market 10 homes closed escrow with a median sold price of $2,627,500 and an average sold price of $3,856,500. 18 homes came on the market with a median asking price of $2,627,500 and an average asking price of $3,856,500. Also for that period 14 properties went into escrow, 1 was withdrawn from the market, 2 listings cancelled, 7 expired and 3 came back on the market. Currently there are 13 homes for sale in the area with a median list price of $5,250,000 and an average list price of $5,564,846.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first four months of ’07 in the Condo market there was no activity.
For the Santa Barbara Real Estate area of West of State St for the first 4 months of ’07 in the Single Family Home market 66 homes closed escrow with a median sold price of $1,027,000 and an average sold price of $1,139,546. 110 homes came on the market with a median asking price of $1,149,000 and an average asking price of $1,290,935. Also for that period 70 properties went into escrow, 10 were withdrawn from the market, 33 listings cancelled, 29 expired and 14 came back on the market. Currently there are 78 homes for sale in the area with a median list price of $1,149,000 and an average list price of $1,340,521.
For the Santa Barbara Real Estate area of West of State St for the first four months of ’07 in the Condo market 25 condos closed escrow with a median sold price of $640,000 and an average sold price of $685,810. 58 condos came on the market with a median asking price of $679,000 and an average asking price of $813,994. Also for that period 29 properties went into escrow, 8 were withdrawn from the market, 14 listings cancelled, 22 expired and 15 came back on the market. Currently there are 47 condos for sale in the area with a median list price of $679,500 and an average list price of $809,557.
For the Santa Barbara Real Estate area of East of State St for the first 4 months of ’07 in the Single Family Home market 73 homes closed escrow with a median sold price of $1,125,000 and an average sold price of $1,329,573. 151 homes came on the market with a median asking price of $1,350,000 and an average asking price of $1,656,228. Also for that period 93 properties went into escrow, 19 were withdrawn from the market, 19 listings cancelled, 36 expired and 32 came back on the market. Currently there are 102 homes for sale in the area with a median list price of $1,600,000 and an average list price of $1,895,811.
For the Santa Barbara Real Estate area of East of State St for the first four months of ’07 in the Condo market 33 condos closed escrow with a median sold price of $776,000 and an average sold price of $862,303. 56 condos came on the market with a median asking price of $838,000 and an average asking price of $995,153. Also for that period 39 properties went into escrow, 8 were withdrawn from the market, 7 listings cancelled, 16 expired and 11 came back on the market. Currently there are 37 condos for sale in the area with a median list price of $838,000 and an average list price of $960,732.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 4 months of ’07 in the Single Family Home market 71 homes closed escrow with a median sold price of $2,900,000 and an average sold price of $3,475,931. 114 homes came on the market with a median asking price of $3,395,000 and an average asking price of $4,776,832. Also for that period 71 properties went into escrow, 11 were withdrawn from the market, 21 listings cancelled, 40 expired and 26 came back on the market. Currently there are 54 homes for sale in the area with a median list price of $3,790,000 and an average list price of $5,913,589.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first four months of ’07 in the Condo market 12 condos closed escrow with a median sold price of $1,500,000 and an average sold price of $1,621,666. 18 condos came on the market with a median asking price of $1,289,000 and an average asking price of $1,635,333. Also for that period 9 properties went into escrow, 2 were withdrawn from the market, 3 listings cancelled, 5 expired and 1 came back on the market. Currently there are 12 condos for sale in the area with a median list price of $1,325,000 and an average list price of $1,771,416.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 4 months of ’07 in the Single Family Home market 20 homes closed escrow with a median sold price of $1,755,000 and an average sold price of $5,054,500. 51 homes came on the market with a median asking price of $995,000 and an average asking price of $3,958,478. Also for that period 22 properties went into escrow, 7 were withdrawn from the market, 7 listings cancelled, 17 expired and 11 came back on the market. Currently there are 49 homes for sale in the area with a median list price of $987,500 and an average list price of $2,528,152.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first four months of ’07 in the Condo market 14 condos closed escrow with a median sold price of $584,000 and an average sold price of $594,571. 58 condos came on the market with a median asking price of $595,000 and an average asking price of $605,606. Also for that period 18 properties went into escrow, 3 were withdrawn from the market, 9 listings cancelled, 23 expired and 6 came back on the market. Currently there are 54 condos for sale in the area with a median list price of $595,000 and an average list price of $613,150.
For the first four months for the year 2007 for Santa Barbara, Montecito Real Estate, Hope Ranch Real Estate, and Carpinteria Real Estate – Summerland Real Estate as well as Goleta Real Estate the numbers look pretty darn good. For April we had 88 Home Estate/PUDs close escrow as opposed to 100 in March but it still puts us ahead of where we were if you look at the entire period of January through April for both 2006 and 2005. In 2007 we’ve closed 317 properties, in 2006 it was 287 and for 2005 it was 313. The median sales price which has been lagging as much as 5% as compared to 2006 is currently ahead of that number. For the first four months we’re right at $1,200,000 and at this time last year we were at $1,195,000.
The really good numbers are the number of homes that have gone into escrow in the first part of the year. Thus far we’ve put 369 Home Estate/PUDs into escrow as opposed to 306 for 2006, 261 for 2005 and 333 for 2004. Even the Fall Through rate or the percentage of homes that have fallen out of escrow continues to decline. Currently it’s at 10.3% down from the 2006 high of 11.4%. If we continue with these numbers 2007 could be a really good year.
Another number that really jumps out at me is the number of new listings which have come on the market. So far for 2007 we’ve seen 611 properties come on as opposed to 590 for 2006, 406 for 2005 and for and 444 for 2004. The Median list price of $1,295,000 is slightly lower than where it was in 2006 when it was at $1,329,000.
Looking at year over year the Median Sales price is about 1% ahead of where it was in 2006 and the Median List price is down about 1% below from where it was last year. The only number that still jumps out at me is the difference between the Median Sales price of $1,200,000 and the Median List price for the current inventory of $1,595,000. This leaves us with a 24.8% gap between what people are willing to pay and what people are willing to sell for.
Over on the Condo side of the ledger things are also looking up. In April we had 36 Condos close escrow which is about 20% ahead of where we’ve been for most of the last year and the first 2 quarters of this year. Looking at the period of January through April we’ve closed 127 units compared to 106 last year, but not quite up to the ’04 and ’05 levels of 145 and 144 respectively. The Median Sales price is down however from last year when it was $669,250 to today’s $635,000 level.
Again the real news is the number of properties that have gone into escrow this year. Last year at this time only 109 properties had entered escrow and this year the number is 141. It’s not quite at the ’04 level of 156 or the ’05 level of 153, but 141 is a very good number of condos that have entered escrow.
But unlike Home Estate/PUDs where we’ve seen a decline in the Fall Through rate, for condos that rate is up. In 2006 we saw an 8.3% Fall Through rate and in 2007 we’re experiencing an 11.3% rate. But even with that increased Fall Through rate we’re still about 25% ahead in the number of sales as opposed to last year.
The number of new listings is about 10% below where it was in 2006. Currently we’ve seen 268 Condos come on the market as opposed to last year’s 299 to this period. The median list price has also come down from a high of $699,000 last year to $649,000 this year for about a 10% decrease.
So to recap, in 2006 the Median Sales price was $669,250 and this year it’s $635,000. This is a decline of about 5.2%. The Median List Price has fallen even further from its high of $699,000 in 2006 to $649,000 this year for a 7.2% decline.
Currently there really is no gap between the current Median Sales price of $635,000 and the current Median List price of $647,500 which 2% above the Sales price.
The condo market looks like it’s starting to move ahead. We were stuck right at about 30 units per month closing escrow for all of 2006 and now for March and April we’ve seen an increase of about 10% in each of those two months. If this holds I think the prices may also start to stiffen. We’ve seen a decline year over year of about 5% in the Median Sales price which it not totally unexpected when you look at the huge increase that has occurred from 2002 to 2004.
This all means that in both the Home Estate/PUD market and the Condo market sales are definitely going up and on the Home Estate side prices are currently staying right about where they were for 2006. On the Condo side the Median Sales price is down slightly but it does not look like it’s going to continue to drop.
For the Santa Barbara Real Estate areas of Goleta Real Estate North for Single Family Homes there were 15 that closed escrow in the last 30 days with a Median Sales Price of $947,500 and an Average Sales Price of $1,123,433. The average Days on the Market for those properties was 92. 33 properties came on the market with a Median Asking Price of $949,000 and an Average Asking Price of $1,034,275. 8 properties went into escrow with a Median Asking Price of $999,000 and an Average Asking Price of $1,178,125. The average Days on the Market for those properties is 87. Currently there are 79 Single Family Residents for sale in the area with a median asking price of $1,029,900 and an average asking price of $1,638,769. The average Days on the Market for those properties is 69.
For the Santa Barbara Real Estate areas of Goleta Real Estate North for Condominiums there were 5 that closed escrow in the last 30 days with a Median Sales Price of $592,500 and an Average Sales Price of $584,948. The average Days on the Market for those properties was 66. 8 properties came on the market with a Median Asking Price of $579,000 and an Average Asking Price of $636,125. 3 went into escrow with a Median Asking Price of $569,000 and an Average Asking Price of $584,333. The average Days on the Market for those properties is 75. Currently there are 22 Condominiums for sale in the area with a median asking price of $565,000 and an average asking price of $588,131. The average Days on the Market for those properties is 109.
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 $909,000 and an Average Sales Price of $1,181,187. The average Days on the Market for those properties was 52. 24 properties came on the market with a Median Asking Price of $969,000 and an Average Asking Price of $1,105,737. 6 properties went into escrow with a Median Asking Price of $859,000 and an Average Asking Price of $1,429,483. The average Days on the Market for those properties is 56. Currently there are 42 Single Family Residents for sale in the area with a median asking price of $949,900 and an average asking price of $1,179,030. The average Days on the Market for those properties is 47.
For the Santa Barbara Real Estate areas of Goleta Real Estate South for Condominiums there were 4 that closed escrow in the last 30 days with a Median Sales Price of $582,000 and an Average Sales Price of $554,750. The average Days on the Market for those properties was 29. 15 properties came on the market with a Median Asking Price of $599,000 and an Average Asking Price of $597,393. 9 went into escrow with a Median Asking Price of $369,000 and an Average Asking Price of $498,433. The average Days on the Market for those properties is 80. Currently there are 36 Condominiums for sale in the area with a median asking price of $574,000 and an average asking price of $580,200. The average Days on the Market for those properties is 70.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Single Family Homes there were 4 that closed escrow in the last 30 days with a Median Sales Price of $2,075,000 and an Average Sales Price of $3,340,000. The average Days on the Market for those properties was 246. 7 properties came on the market with a Median Asking Price of $3,195,000 and an Average Asking Price of $4,744,285. 2 properties went into escrow with a Median Asking Price of $3,195,000 and an Average Asking Price of $3,697,500. The average Days on the Market for those properties is 26. Currently there are 15 Single Family Residents for sale in the area with a median asking price of $3,600,000 and an average asking price of $5,269,866. The average Days on the Market for those properties is 117.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity
For the Santa Barbara Real Estate areas of West of State St for Single Family Homes there were 20 that closed escrow in the last 30 days with a Median Sales Price of $1,159,000 and an Average Sales Price of $1,190,027. The average Days on the Market for those properties was 61. 32 properties came on the market with a Median Asking Price of $1,149,000 and an Average Asking Price of $1,237,621. 10 properties went into escrow with a Median Asking Price of $985,000 and an Average Asking Price of $1,172,900. The average Days on the Market for those properties is 38. Currently there are 79 Single Family Residents for sale in the area with a median asking price of $1,149,000 and an average asking price of $1,370,122. The average Days on the Market for those properties is 86.
For the Santa Barbara Real Estate areas of West of State St for Condominiums there were 11 that closed escrow in the last 30 days with a Median Sales Price of $649,000 and an Average Sales Price of $786,340. The average Days on the Market for those properties was 92. 26 properties came on the market with a Median Asking Price of $749,000 and an Average Asking Price of $921,665. 7 went into escrow with a Median Asking Price of $675,000 and an Average Asking Price of $727,928. The average Days on the Market for those properties is 93. Currently there are 48 Condominiums for sale in the area with a median asking price of $679,500 and an average asking price of $807,379. The average Days on the Market for those properties is 72.
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 $1,260,000 and an Average Sales Price of $1,608,566. The average Days on the Market for those properties was 67. 40 properties came on the market with a Median Asking Price of $1,495,000 and an Average Asking Price of $1,688,019. 30 properties went into escrow with a Median Asking Price of $1,175,000 and an Average Asking Price of $1,406,266. The average Days on the Market for those properties is 88. Currently there are 98 Single Family Residents for sale in the area with a median asking price of $1,649,000 and an average asking price of $1,918,200. The average Days on the Market for those properties is 87.
For the Santa Barbara Real Estate areas of East of State St for Condominiums there were 7 that closed escrow in the last 30 days with a Median Sales Price of $989,000 and an Average Sales Price of $1,062,714. The average Days on the Market for those properties was 99. 18 properties came on the market with a Median Asking Price of $859,000 and an Average Asking Price of $935,827. 12 went into escrow with a Median Asking Price of $699,000 and an Average Asking Price of $903,166. The average Days on the Market for those properties is 74. Currently there are 39 Condominiums for sale in the area with a median asking price of $838,000 and an average asking price of $951,784. The average Days on the Market for those properties is 65.
For the Santa Barbara Real Estate areas of Montecito Real Estate for Single Family Homes there were 25 that closed escrow in the last 30 days with a Median Sales Price of $3,275,000 and an Average Sales Price of $3,167,645. The average Days on the Market for those properties was 108. 29 properties came on the market with a Median Asking Price of $3,200,000 and an Average Asking Price of $3,879,379. 17 properties went into escrow with a Median Asking Price of $3,250,000 and an Average Asking Price of $3,829,941. The average Days on the Market for those properties is 109. Currently there are 113 Single Family Residents for sale in the area with a median asking price of $3,775,000 and an average asking price of $5,873,292. The average Days on the Market for those properties is 116.
For the Santa Barbara Real Estate areas of Montecito Real Estate for Condominiums there were 2 that closed escrow in the last 30 days with a Median Sales Price of $1,400,000 and an Average Sales Price of $1,400,000. The average Days on the Market for those properties was 31. 5 properties came on the market with a Median Asking Price of $1,469,000 and an Average Asking Price of $2,253,800. 1 went into escrow with a Median Asking Price of $950,000 and an Average Asking Price of $950,000. The average Days on the Market for those properties is 68. Currently there are 12 Condominiums for sale in the area with a median asking price of $1,325,000 and an average asking price of $1,771,416. The average Days on the Market for those properties is 75.