For Santa Barbara Real Estate in Goleta Real Estate South the Price Range Statistics for 1/1/2007 to 7/19/2007 show that there are currently 56 Home and Estate/PUDs on the market. The average price for the 56 properties is $1,158,548; the highest priced listing is $4,500,000, the median listing price is $894,500 and the lowest priced listing is $659,000. The average market time for those properties is 73 days.
There are 10 properties that are currently in escrow. The average price for those homes that entered escrow is $1,177,500. The highest price house is $2,500,000, the median price is $959,000 and the lowest priced house is $800,000. The average market time for the homes is 69.
On the Sales side there has been 47 properties closed escrow. The average price of those 47 homes is $1,074,521, the highest price is $2,595,000, the median price is $889,000 and the lowest priced property is $625,000. The average market time for these homes is 91 days.
For Santa Barbara Real Estate for Goleta Real Estate South the Price Range Statistics for Condominiums there are currently 42 condos currently on the market. The average price for the 42 properties is $610,921, the highest priced listing is $1,049,500, the median listing price is $619,000 and the lowest priced listing is $335,000. The average market time for those properties is 69 days.
There are currently 8 condos that are in escrow. The average price for those homes that entered escrow is $566,849. The highest price house is $778,000, the median price is $549,999 and the lowest priced house is $284,900. The average market time for the homes is 17.
On the Sales side there has been 45 properties close escrow. The average price of those 45 homes is $551,927, the highest price is $920,000, the median price is $529,000 and the lowest priced property is $312,500. The average market time for these homes is 120 days.
For Santa Barbara Real Estate in Hope Ranch Real Estate the Price Range Statistics for 1/1/2007 to 7/19/2007 show that there are currently 12 Home and Estate/PUDs on the market. The average price for the 12 properties is $7,223,333; the highest priced listing is $39,500,000, the median listing price is $2,995,000 and the lowest priced listing is $2,100,000. The average market time for those properties is 86 days.
There are 4 properties that are currently in escrow. The average price for those homes that entered escrow is $3,383,750. The highest price house is $4,195,000, the median price is $3,195,000 and the lowest priced house is $2,495,000. The average market time for the homes is 30.
On the Sales side there has been 20 properties closed escrow. The average price of those 20 homes is $4,682,250, the highest price is $12,650,000, the median price is $3,350,000 and the lowest priced property is $1,850,000. The average market time for these homes is 161 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 7/19/2007 show that there are currently 100 Home and Estate/PUDs on the market. The average price for the 100 properties is $1,274,263; the highest priced listing is $4,400,000, the median listing price is $1,110,000 and the lowest priced listing is $574,000. The average market time for those properties is 88 days.
There are 29 properties that are currently in escrow. The average price for those homes that entered escrow is $1,214,717. The highest price house is $4,995,000, the median price is $1,050,000 and the lowest priced house is $699,000. The average market time for the homes is 82.
On the Sales side there has been 110 properties closed escrow. The average price of those 110 homes is $1,201,595, the highest price is $4,600,000, the median price is $1,015,000 and the lowest priced property is $525,000. The average market time for these homes is 100 days.
For Santa Barbara Real Estate for West of State St the Price Range Statistics for Condominiums there are currently 55 condos currently on the market. The average price for the 55 properties is $848,723, the highest priced listing is $2,395,000, the median listing price is $697,000 and the lowest priced listing is $450,000. The average market time for those properties is 83 days.
There are currently 10 condos that are in escrow. The average price for those homes that entered escrow is $823,750. The highest price house is $1,595,000, the median price is $679,000 and the lowest priced house is $585,000. The average market time for the homes is 60.
On the Sales side there has been 45 properties close escrow. The average price of those 45 homes is $669,327, the highest price is $1,450,000, the median price is $645,000 and the lowest priced property is $410,000. The average market time for these homes is 127 days.
For Santa Barbara Real Estate in East of State St the Price Range Statistics for 1/1/2007 to 7/19/2007 show that there are currently 131 Home and Estate/PUDs on the market. The average price for the 131 properties is $1,818,509; the highest priced listing is $11,950,000, the median listing price is $1,549,000 and the lowest priced listing is $44,000. The average market time for those properties is 76 days.
There are 33 properties that are currently in escrow. The average price for those homes that entered escrow is $1,715,784. The highest price house is $7,750,000, the median price is $1,365,000 and the lowest priced house is $689,000. The average market time for the homes is 74.
On the Sales side there has been 132 properties closed escrow. The average price of those 132 homes is $1,359,978, the highest price is $9,300,000, the median price is $1,175,000 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 43 condos currently on the market. The average price for the 43 properties is $1,222,372, the highest priced listing is $2,550,000, the median listing price is $899,000 and the lowest priced listing is $540,000. The average market time for those properties is 72 days.
There are currently 6 condos that are in escrow. The average price for those homes that entered escrow is $790,816. The highest price house is $1,350,000, the median price is $625,000 and the lowest priced house is $484,900. The average market time for the homes is 57.
On the Sales side there has been 62 properties close escrow. The average price of those 62 homes is $907,122, the highest price is $1,635,000, the median price is $800,000 and the lowest priced property is $490,000. The average market time for these homes is 133 days.
For Santa Barbara Real Estate in Montecito Real Estate the Price Range Statistics for 1/1/2007 to 7/19/2007 show that there are currently 125 Home and Estate/PUDs on the market. The average price for the 125 properties is $6,300,389; the highest priced listing is $47,000,000, the median listing price is $3,650,000 and the lowest priced listing is $1,295,000. The average market time for those properties is 122 days.
There are 20 properties that are currently in escrow. The average price for those homes that entered escrow is $3,422,450. The highest price house is $9,900,000, the median price is $2,975,000 and the lowest priced house is $1,295,000. The average market time for the homes is 102.
On the Sales side there has been 113 properties closed escrow. The average price of those 113 homes is $3,617,664, the highest price is $18,000,000, the median price is $2,900,000 and the lowest priced property is $675,000. The average market time for these homes is 143 days.
For Santa Barbara Real Estate for Montecito Real Estate the Price Range Statistics for Condominiums there are currently 10 condos currently on the market. The average price for the 10 properties is $1,443,700, the highest priced listing is $3,500,000, the median listing price is $1,050,000 and the lowest priced listing is $885,000. The average market time for those properties is 120 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.
On the Sales side there has been 28 properties close escrow. The average price of those 19 homes is $1,779,210, the highest price is $5,000,000, the median price is $1,475,000 and the lowest priced property is $720,000. The average market time for these homes is 141 days.
Check Out Montecito Real Estate on Squidoo
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate the Price Range Statistics for 1/1/2007 to 7/19/2007 show that there are currently 62 Home and Estate/PUDs on the market. The average price for the 62 properties is $2,816,395; the highest priced listing is $27,500,000, the median listing price is $1,295,000 and the lowest priced listing is $725,000. The average market time for those properties is 97 days.
There are 9 properties that are currently in escrow. The average price for those homes that entered escrow is $1,644,055. The highest price house is $5,750,000, the median price is $995,000 and the lowest priced house is $799,000. The average market time for the homes is 67.
On the Sales side there has been 38 properties closed escrow. The average price of those 38 homes is $3,291,276, the highest price is $35,000,000, the median price is $1,203,500 and the lowest priced property is $630,000. The average market time for these homes is 143 days.
For Santa Barbara Real Estate for Carpinteria Real Estate/Summerland Real Estate the Price Range Statistics for Condominiums there are currently 52 condos currently on the market. The average price for the 52 properties is $613,041, the highest priced listing is $1,395,000, the median listing price is $529,000 and the lowest priced listing is $398,000. The average market time for those properties is 114 days.
There are currently 5 condos that are in escrow. The average price for those homes that entered escrow is $523,400. The highest price house is $649,000, the median price is $499,000 and the lowest priced house is $480,000. The average market time for the homes is 113.
On the Sales side there has been 28 properties close escrow. The average price of those 20 homes is $584,607, the highest price is $850,000, the median price is $559,000 and the lowest priced property is $418,000. The average market time for these homes is 130 days.
For Santa Barbara Real Estate for 07 in Goleta Real Estate North there were 83 Single Family Residents Close escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 69 days. The Average Days to Close which means the time the property was in Escrow was 35 days. This means that from start to finish was a total of 104 days. The Median Sold price for those properties was $975,000 and the Average Sold price was $1,227,268.
For Santa Barbara Real Estate for 07 in Goleta Real Estate North there were 24 Condos that Closed escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 86 days. The Average Days to Close which means the time the property was in Escrow was 31 days. This means that from start to finish was a total of 117 days. The Median Sold price for that property was $550,000 and the Average Sold price was $544,599.
For Santa Barbara Real Estate for 07 in Goleta Real Estate South there were 47 Single Family Residents Close escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 54 days. The Average Days to Close which means the time the property was in Escrow was 37 days. This means that from start to finish was a total of 91 days. The Median Sold price for those properties was $889,000 and the Average Sold price was $1,074,521.
For Santa Barbara Real Estate for 07 in Goleta Real Estate South there were 44 Condos that Closed escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 86 days. The Average Days to Close which means the time the property was in Escrow was 36 days. This means that from start to finish was a total of 122 days. The Median Sold price for that property was $527,000 and the Average Sold price was $552,426.
For Santa Barbara Real Estate for 07 in Hope Ranch Real Estate there were 19 Single Family Residents Close escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 128 days. The Average Days to Close which means the time the property was in Escrow was 33 days. This means that from start to finish was a total of 161 days. The Median Sold price for those properties was $3,950,000 and the Average Sold price was $4,760,263.
For Santa Barbara Real Estate for 07 in Hope Ranch Real Estate there was no action in the Condo market.
For Santa Barbara Real Estate for 07 in West of State St there were 107 Single Family Residents Close escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 63 days. The Average Days to Close which means the time the property was in Escrow was 35 days. This means that from start to finish was a total of 98 days. The Median Sold price for those properties was $1,039,000 and the Average Sold price was $1,208,220.
For Santa Barbara Real Estate for 07 in West of State St there were 44 Condos that Closed escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 95 days. The Average Days to Close which means the time the property was in Escrow was 32 days. This means that from start to finish was a total of 127 days. The Median Sold price for that property was $642,500 and the Average Sold price was $668,857.
For Santa Barbara Real Estate for 07 in East of State St there were 131 Single Family Residents Close escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 81 days. The Average Days to Close which means the time the property was in Escrow was 35 days. This means that from start to finish was a total of 136 days. The Median Sold price for those properties was $1,175,000 and the Average Sold price was $1,359,749.
For Santa Barbara Real Estate for 07 in East of State St there were 61 Condos that Closed escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 107 days. The Average Days to Close which means the time the property was in Escrow was 27 days. This means that from start to finish was a total of 134 days. The Median Sold price for that property was $817,500 and the Average Sold price was $912,321.
For Santa Barbara Real Estate for 07 in Montecito Real Estate there were 111 Single Family Residents Close escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 103 days. The Average Days to Close which means the time the property was in Escrow was 39 days. This means that from start to finish was a total of 142 days. The Median Sold price for those properties was $2,900,000 and the Average Sold price was $3,634,424.
For Santa Barbara Real Estate for 07 in Montecito Real Estate there were 19 Condos that Closed escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 102 days. The Average Days to Close which means the time the property was in Escrow was 39 days. This means that from start to finish was a total of 141 days. The Median Sold price for that property was $1,475,000 and the Average Sold price was $1,779,210.
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For Santa Barbara Real Estate for 07 in Carpinteria Real Estate/Summerland Real Estate there were 37 Single Family Residents Close escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 111 days. The Average Days to Close which means the time the property was in Escrow was 34 days. This means that from start to finish was a total of 145 days. The Median Sold price for those properties was $1,300,000 and the Average Sold price was $3,357,932.
For Santa Barbara Real Estate for 07 in Carpinteria Real Estate/Summerland Real Estate there were 27 Condos that Closed escrow since the first of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 95 days. The Average Days to Close which means the time the property was in Escrow was 34 days. This means that from start to finish was a total of 129 days. The Median Sold price for that property was $570,000 and the Average Sold price was $587,185.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 6 months of 07 in the Single Family Home market 78 homes closed escrow with a median sold price of $980,000 and an average sold price of $1,240,811. 153 homes came on the market with a median asking price of $999,000 and an average asking price of $1,543,239. Also for that period 88 properties went into escrow, 14 were withdrawn from the market, 17 listings cancelled, 38 expired and 33 came back on the market. Currently there are 90 homes for sale in the area with a median list price of $995,000 and an average list price of $1,744,707.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first six months of 07 in the Condo market 24 condos closed escrow with a median sold price of $550,000 and an average sold price of $544,599. 48 condos came on the market with a median asking price of $570,000 and an average asking price of $585,742. Also for that period 21 properties went into escrow, 4 were withdrawn from the market, 11 listings cancelled, 16 expired and 7 came back on the market. Currently there are 33 condos for sale in the area with a median list price of $549,000 and an average list price of $578,499.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 6 months of 07 in the Single Family Home market 43 homes closed escrow with a median sold price of $889,000 and an average sold price of $1,084,104. 94 homes came on the market with a median asking price of $899,500 and an average asking price of $1,110,740. Also for that period 44 properties went into escrow, 7 were withdrawn from the market, 13 listings cancelled, 21 expired and 16 came back on the market. Currently there are 52 homes for sale in the area with a median list price of $925,000 and an average list price of $1,198,361.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first six months of 07 in the Condo market 41 condos closed escrow with a median sold price of $515,000 and an average sold price of $543,896. 69 condos came on the market with a median asking price of $549,999 and an average asking price of $567,841. Also for that period 40 properties went into escrow, 6 were withdrawn from the market, 11 listings cancelled, 21 expired and 12 came back on the market. Currently there are 34 condos for sale in the area with a median list price of $560,000 and an average list price of $588,994.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 6 months of 07 in the Single Family Home market 17 homes closed escrow with a median sold price of $3,350,000 and an average sold price of $4,742,352. 26 homes came on the market with a median asking price of $3,195,000 and an average asking price of $4,633,699. Also for that period 21 properties went into escrow, 2 were withdrawn from the market, 2 listings cancelled, 7 expired and 5 came back on the market. Currently there are 13 homes for sale in the area with a median list price of $3,650,000 and an average list price of $7,090,384.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first six 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 6 months of 07 in the Single Family Home market 97 homes closed escrow with a median sold price of $1,015,000 and an average sold price of $1,176,366. 191 homes came on the market with a median asking price of $1,149,000 and an average asking price of $1,253,488. Also for that period 117 properties went into escrow, 15 were withdrawn from the market, 48 listings cancelled, 35 expired and 27 came back on the market. Currently there are 94 homes for sale in the area with a median list price of $1,110,000 and an average list price of $1,237,243.
For the Santa Barbara Real Estate area of West of State St for the first six months of 07 in the Condo market 40 condos closed escrow with a median sold price of $642,500 and an average sold price of $673,381. 87 condos came on the market with a median asking price of $680,000 and an average asking price of $801,433. Also for that period 48 properties went into escrow, 15 were withdrawn from the market, 19 listings cancelled, 30 expired and 23 came back on the market. Currently there are 51 condos for sale in the area with a median list price of $697,000 and an average list price of $848,184.
For the Santa Barbara Real Estate area of East of State St for the first 6 months of 07 in the Single Family Home market 126 homes closed escrow with a median sold price of $1,187,500 and an average sold price of $1,356,116. 250 homes came on the market with a median asking price of $1,325,000 and an average asking price of $1,614,931. Also for that period 138 properties went into escrow, 29 were withdrawn from the market, 35 listings cancelled, 53 expired and 58 came back on the market. Currently there are 129 homes for sale in the area with a median list price of $1,450,000 and an average list price of $1,778,219.
For the Santa Barbara Real Estate area of East of State St for the first six months of 07 in the Condo market 57 condos closed escrow with a median sold price of $817,500 and an average sold price of $900,414. 80 condos came on the market with a median asking price of $795,000 and an average asking price of $952,107. Also for that period 60 properties went into escrow, 9 were withdrawn from the market, 8 listings cancelled, 18 expired and 16 came back on the market. Currently there are 39 condos for sale in the area with a median list price of $699,000 and an average list price of $926,458.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 6 months of 07 in the Single Family Home market 105 homes closed escrow with a median sold price of $2,900,000 and an average sold price of $3,674,772. 180 homes came on the market with a median asking price of $3,225,000 and an average asking price of $4,753,427. Also for that period 109 properties went into escrow, 19 were withdrawn from the market, 24 listings cancelled, 53 expired and 41 came back on the market. Currently there are 57 homes for sale in the area with a median list price of $3,600,000 and an average list price of $6,071,936.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first six months of 07 in the Condo market 18 condos closed escrow with a median sold price of $1,362,500 and an average sold price of $1,778,055. 21 condos came on the market with a median asking price of $1,275,000 and an average asking price of $1,710,761. Also for that period 13 properties went into escrow, 2 were withdrawn from the market, 4 listings cancelled, 6 expired and 2 came back on the market. Currently there are 10 condos for sale in the area with a median list price of $1,050,000 and an average list price of $1,453,256.
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For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 6 months of 07 in the Single Family Home market 29 homes closed escrow with a median sold price of $1,615,000 and an average sold price of $4,010,655. 87 homes came on the market with a median asking price of $1,179,000 and an average asking price of $2,439,665. Also for that period 38 properties went into escrow, 8 were withdrawn from the market, 10 listings cancelled, 24 expired and 15 came back on the market. Currently there are 62 homes for sale in the area with a median list price of $1,250,000 and an average list price of $2,554,867.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first six months of 07 in the Condo market 25 condos closed escrow with a median sold price of $598,000 and an average sold price of $594,040. 82 condos came on the market with a median asking price of $579,000 and an average asking price of $622,698. Also for that period 31 properties went into escrow, 5 were withdrawn from the market, 17 listings cancelled, 34 expired and 12 came back on the market. Currently there are 57 condos for sale in the area with a median list price of $549,000 and an average list price of $616,651.
Now Casting the New Season of Flip This House on A&E!
Flip This House, A&E's #1 rated lifestyle show, has been to Charleston, Atlanta, San Antonio, and New Haven. Which city will be next?!!
813 Casting and Departure Films are conducting a nationwide search for the new cast of characters who will be featured on the upcoming season of Flip This House! Will it be your team?
We're looking for confident, charismatic, motivated and opinionated people who "flip" residential properties for a living. We want real-estate adrenaline junkies who love the high risk, high reward nature of their jobs and who are devoted to doing a great job!
If you would like your team to be featured on the upcoming season of Flip This House, send an email to fth@813casting.com. Include your contact info, bios on you and your team, and some reasons why your team should be the next to be featured on Flip This House! Teams should consist of four or more people.
Find the next cast of Flip This House and Find Yourself $500 richer!
Did you know that Than Merrill and the New Haven team were found through a referral? If you think you know someone who would be GREAT on Flip This House - tell us about them! If they get cast, you'll get a $500 finder's fee (and a cool story!) Email us at fth@813casting.com. Make sure to provide all necessary contact info.
Web Site: www.aetv.com/flipthishouse/
Schedule an interview with Casting Director Steve Grant. Email fth@813casting.com
Now Casting the New Season of Flip This House on A&E!
Flip This House, A&E's #1 rated lifestyle show, has been to Charleston, Atlanta, San Antonio, and New Haven. Which city will be next?!!
813 Casting and Departure Films are conducting a nationwide search for the new cast of characters who will be featured on the upcoming season of Flip This House! Will it be your team?
We're looking for confident, charismatic, motivated and opinionated people who "flip" residential properties for a living. We want real-estate adrenaline junkies who love the high risk, high reward nature of their jobs and who are devoted to doing a great job!
If you would like your team to be featured on the upcoming season of Flip This House, send an email to fth@813casting.com. Include your contact info, bios on you and your team, and some reasons why your team should be the next to be featured on Flip This House! Teams should consist of four or more people.
Find the next cast of Flip This House and Find Yourself $500 richer!
Did you know that Than Merrill and the New Haven team were found through a referral? If you think you know someone who would be GREAT on Flip This House - tell us about them! If they get cast, you'll get a $500 finder's fee (and a cool story!) Email us at fth@813casting.com. Make sure to provide all necessary contact info.
Web Site: www.aetv.com/flipthishouse/
Schedule an interview with Casting Director Steve Grant. Email fth@813casting.com
This analysis is going to look at the 07 vs. the06 numbers for Carpinteria Real Estate, Summerland Real Estate, Montecito Real Estate, Santa Barbara Real Estate, Hope Ranch Real Estate and Goleta Real Estate. Starting with Home Estate/PUDs the number of Total Listings that have been on the market this year is 1,497. Last year at this time it was 1,446. This gives us a slight rise of 3.5% in the number of properties available for purchase. But, the number of New Listings that have come on the market this year is slightly lower with 1,059 this year vs. 1,066 last. The Median List price for those properties is almost exactly where it was last year. Currently its at $1,285,000 last year it was $1,295,000.
Now the plot starts to get a lot more interesting. The number of properties that had gone into escrow last year at this time was 504, this year that number is up to 525. This is an increase of about 4.2%. But even more interesting is the number of properties that have closed. Last year at this time it was 474 and this year its 525 for an increase of 10.5%.
The Median Sales Price has also continued to increase this year. Last year it was $1,210,000 currently its at $1,262,000 for all of 07. This is an increase of 4.3% year over year. An even more impressive number is the overall sales volume. Last year it was $897 Million and now its at $1,077 Billion for an increase of 19.5%
This means that the Average Price for a Single Family dwelling in Santa Barbara has gone to $2,051,462 up from $1,893,396 for an increase of 7.8%.
Overall the market in 2007 for Home Estate/PUDs is healthy with increased numbers of Escrows, Sales, Median Sales Price, Sold Volume and Average Home Price. There has been a huge increase in the upper end of the market which tilts some of the numbers but all Districts except Carpinteria/Summerland and Goleta South have seen an increase in the numbers of sales for their particular areas.
On the Condo side of the ledger we see that the Total number of Active Listings is down when compared to 06. Last year there were 626 properties available and this year its down to 607 for a decrease of -3.1%. The number of New Listings is down even farther with 483 coming on the market in 06 compared to only 423 this year for a decline of -14.9%.
Usually when theres less of something the price gets higher, but in this case the Median List price has come down from $689,000 to $645,000 this year for a -6.8% decrease.
The good news with the decline of the Median List Price is that the number of Condos that have gone into escrow this year has increased dramatically. In 06 only 172 Condos had entered escrow, this year the number is 226 up +27.5%.
The really good news is that the Number of Sold Condos is also up. Last year it was 172 and currently its at 214 up +24.5%. A big reason that the number of sales has increased is that the Median Sales Price has declined from $675,000 last year to $640,000 this year for a -5.5% decrease. Counter balancing the decreased Median Sales price is a huge rise in the overall Sold Volume. Last year it was $131 Million this year its $171 Million for a +29.5% increase. This means that the Average Sold Price has risen from $764,479 in 06 to $803,387 this year for a +5.1% increase.
From where the Condo market was earlier in the year it has definitely started to surge ahead. The Escrows, Sales, Average Sales Price and overall Sales Volume are all up with only the Median Sales price down.
The number of sales is up in every district in town except Goleta North. If this trend continues we should see a stiffening of the Median List price for Condos and well also start to see a few more Condos coming on the market.
Overall the Real Estate market in Santa Barbara looks good right now even though were starting to see more Bank Owned properties being put up for sale. Those properties have not caused a spiraling down of the market and as of now havent slowed sales.
To amplify on that theme in March we saw 100 Home Estate/PUDs sold, in April it went to 88 then in May it was 75. But for June that number bounced back up to 92. For Condos we saw 33 properties go out in March, 36 in April, 40 in May and 33 in June. This means the market is been relative stable for 2007 with substantial increases over 2006.
These numbers contradict the national sales numbers but we always feel that Santa Barbara Real Estate is something special.
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 4 for a total of 79 properties that have been active this year and the New Listings that came on this year are down by 5 for an -8% decrease. The number of sales is down 6 from where it was last year for a -22% decrease, and the Average Sales Price is down. Last year at this time it was $636,462 and this year its at $544,600 for a decrease of -14%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate North there are 11 more properties that have been active this year as opposed to last year for a total of 210, but there are fewer new listings this year with 160 for last year vs. 149 for this year. The sales are up with 72 this year vs. 67 last year for a 7% increase. And the Average Sales Price is up from $1,058,462 last year to $1,233,927 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 have been 5 more properties that have been active this year as opposed to last year for a total of 15 but there are exactly the same numbers of new listing with 10 for last year vs. 10 for this year. The sales are up with 6 this year vs. 2 last year for a 200% increase. But the Average Sales Price is down from $924,450 last year to $894,250 this year for a -3% decrease.
In the Goleta Real Estate South area of Santa Barbara Real Estate for the Condo Market the number of total listings for 06 versus what was on the market last year at this time is down by 14 for a total of 96 properties that have been active this year and the New Listings that came on this year are down by 9 for a -11% decrease. The number of sales is up 5 from where it was last year for a 14% increase, but the Average Sales Price is down. Last year at this time it was $600,800 and this year its at $560,256 for a decrease of -14%.
In the Single Family Home market for the Santa Barbara Real Estate area of Goleta Real Estate South there are 11 fewer properties that have been active this year as opposed to last year for a total of 121, but there are more new listings this year with 85 for last year vs. 99 for this year. The sales are down with 39 this year vs. 45 last year for a -13% decrease. But the Average Sales Price is up from $1,035,849 last year to $1,096,577 this year for a 5% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Goleta Real Estate South there have been 3 fewer properties that have been active this year as opposed to last year for a total of 7 and there are 4 fewer new listing with 10 for last year vs. 6 for this year. But the sales are up with 5 this year vs. 3 last year for a 34% increase. But the Average Sales Price is down from $1,132,000 last year to $912,400 this year for a -19% decrease.
In the Hope Ranch Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for 06 versus what was on the market last year at this time is down by 1 for a total of 0 properties that have been active this year and the New Listings that came on this year is down by 1 for a -100% decrease. The number of sales is exactly the same from where it was last year for a 0% increase, and the Average Sales Price is exactly the same as it was last year. At this time last year it was $0 and this year its at $0 for an increase of 0%.
In the Single Family Home market for the Santa Barbara Real Estate area of Hope Ranch Real Estate there are 2 fewer properties that have been active this year as opposed to last year for a total of 40, and there are fewer new listings this year with 28 for last year vs. 26 for this year. The sales are up with 16 this year vs. 5 last year for a 220% increase. And the Average Sales Price is up from $2,652,000 last year to $4,875,625 this year for a 83% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Hope Ranch Real Estate there have been 2 fewer properties that have been active this year as opposed to last year for a total of 0 and there are 2 fewer new listing with 2 for last year vs. 0 for this year. The sales are down with 0 this year vs. 1 last year for a -100% decrease. And the Average Sales Price is down from $1,150,000 last year to $0 this year for a -100% decrease.
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 7 for a total of 134 properties that have been active this year but the New Listings that came on this year are down by 13 for a -12% decrease. The number of sales is up 16 from where it was last year for a 61% increase, but the Average Sales Price is down. Last year at this time it was $725,092 and this year its at $680,006 for a decrease of -6%.
In the Single Family Home market for the Santa Barbara Real Estate area of West of State St there are 12 more properties that have been active this year as opposed to last year for a total of 289, but there are fewer new listings this year with 217 for last year vs. 203 for this year. The sales are down with 97 this year vs. 99 last year for a -2% decrease. But the Average Sales Price is up from $1,161,935 last year to $1,711,078 this year for a 0% increase.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of West of State St there have been 5 more properties that have been active this year as opposed to last year for a total of 11 and there are 2 more new listing with 5 for last year vs. 7 for this year. The sales are down with 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 17 for a total of 128 properties that have been active this year and the New Listings that came on this year are down by 27 for a -23% decrease. The number of sales is up 14 from where it was last year for a 31% increase, and the Average Sales Price is up. Last year at this time it was $879,450 and this year its at $920,234 for an increase of 4%.
In the Single Family Home market for the Santa Barbara Real Estate area of East of State St there are 12 more properties that have been active this year as opposed to last year for a total of 373, and there are more new listings this year with 261 for last year vs. 277 for this year. The sales are up with 134 this year vs. 121 last year for a 10% increase. But the Average Sales Price is down from $1,487,975 last year to $1,336,871 this year for a -10% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of East of State St there has been 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 down with 0 this year vs. 1 last year for a -100% decrease. And the Average Sales Price is down from $1,150,000 last year to 0 this year for a -100% decrease.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the number of total listings for 06 versus what was on the market last year at this time is down by 11 for a total of 39 properties that have been active this year and the New Listings that came on this year are down by 10 for a -29% decrease. The number of sales is up 10 from where it was last year for a 111% increase, and the Average Sales Price is up. Last year at this time it was $1,626,500 and this year its at $1,716,052 for an increase of 5%.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate there are 8 more properties that have been active this year as opposed to last year for a total of 317, but there are fewer new listings this year with 209 for last year vs. 198 for this year. The sales are up with 107 this year vs. 90 last year for an 18% increase. But the Average Sales Price is down from $3,876,682 last year to $3,532,721 this year for an -8% decrease.
In the Planned Unit Development Market of the Santa Barbara Real Estate area of Montecito Real Estate there has been 1 less 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 down with 1 this year vs. 2 last year for a -50% decrease. But the Average Sales Price is up from $1,775,000 last year to $2,325,000 this year for a 30% increase.
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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 14 for a total of 124 properties that have been active this year and the New Listings that came on this year are up by 6 for a 7% 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 $674,655 and this year its at $604,417 for a decrease of -10%.
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 125, and there are fewer new listings this year with 88 for last year vs. 85 for this year. The sales are up with 33 this year vs. 32 last year for a 3% increase. And the Average Sales Price is up from $2,548,719 last year to $3,818,591 this year for a 49% 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 5 and there is 1 more new listing with 3 for last year vs. 4 for this year. The sales are down with 1 this year vs. 2 last year for a -50% decrease. And the Average Sales Price is down from $974,500 last year to $630,000 this year for a -35% decrease.
For the Santa Barbara Real Estate areas of Goleta Real Estate North for Single Family Homes there were 13 that closed escrow in the last 30 days with a Median Sales Price of $1,150,000 and an Average Sales Price of $1,207,923. The average Days on the Market for those properties was 62. 23 properties came on the market with a Median Asking Price of $1,075,000 and an Average Asking Price of $2,358,019. 14 properties went into escrow with a Median Asking Price of $1,011,900 and an Average Asking Price of $1,235,421. The average Days on the Market for those properties is 70. Currently there are 90 Single Family Residents for sale in the area with a median asking price of $999,000 and an average asking price of $1,173,431. The average Days on the Market for those properties is 84.
For the Santa Barbara Real Estate areas of Goleta Real Estate North for Condominiums there were 2 that closed escrow in the last 30 days with a Median Sales Price of $406,600 and an Average Sales Price of $406,600. The average Days on the Market for those properties was 40. 11 properties came on the market with a Median Asking Price of $570,000 and an Average Asking Price of $574,388. 2 went into escrow with a Median Asking Price of $409,750 and an Average Asking Price of $512,375. The average Days on the Market for those properties is 87. Currently there are 32 Condominiums for sale in the area with a median asking price of $567,000 and an average asking price of $584,967. The average Days on the Market for those properties is 80.
For the Santa Barbara Real Estate areas of Goleta Real Estate South for Single Family Homes there were 6 that closed escrow in the last 30 days with a Median Sales Price of $879,500 and an Average Sales Price of $1,000,000. The average Days on the Market for those properties was 58. 16 properties came on the market with a Median Asking Price of $895,000 and an Average Asking Price of $1,361,437. 5 properties went into escrow with a Median Asking Price of $949,000 and an Average Asking Price of $1,548,600. The average Days on the Market for those properties is 79. Currently there are 51 Single Family Residents for sale in the area with a median asking price of $929,000 and an average asking price of $1,211,035. The average Days on the Market for those properties is 65.
For the Santa Barbara Real Estate areas of Goleta Real Estate South for Condominiums there were 7 that closed escrow in the last 30 days with a Median Sales Price of $670,000 and an Average Sales Price of $602,714. The average Days on the Market for those properties was 109. 14 properties came on the market with a Median Asking Price of $549,000 and an Average Asking Price of $596,207. 4 went into escrow with a Median Asking Price of $549,999 and an Average Asking Price of $600,724. The average Days on the Market for those properties is 120. Currently there are 36 Condominiums for sale in the area with a median asking price of $549,000 and an average asking price of $590,438. The average Days on the Market for those properties is 66.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Single Family Homes there were 3 that closed escrow in the last 30 days with a Median Sales Price of $5,405,000 and an Average Sales Price of $6,168,333. The average Days on the Market for those properties was 8. 1 property came on the market with a Median Asking Price of $5,495,000 and an Average Asking Price of $5,495,000. 3 properties went into escrow with a Median Asking Price of $5,495,000 and an Average Asking Price of $5,480,000. The average Days on the Market for those properties is 120. Currently there are 14 Single Family Residents for sale in the area with a median asking price of $2,745,000 and an average asking price of $6,690,642. The average Days on the Market for those properties is 127.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity