For the Santa Barbara Real Estate an area of Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs for the 30 day period from July 28 to August 28 09 there have been 12 sales with a median sales price of $768,950. Last year for the same period there were just 6 sales with the median sales price of $781,000. Both years had 8 properties go into escrow but last year the median list price of those properties was $659,000 and this year the median list price on the pended properties is $624,000. The new properties are also very close together with 13 in 09 with a median list price of $835,000 and in 08 there were 15 with a median list price of $885,000. Right now there are 83 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of just under $1.3 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 6 sales this year compared to 2 last year and the median sales price has gone up from $408,750 in 08 to $471,000 in 09. There were 8 condos that went into escrow last year with a median list price of $449,000 and this year there was 1 less with a median list price of $425,000. 6 new properties came on the market this year with a median list price of $425,000 and last year 9 new listings appeared with a median list price of $529,000. Right now there are 27 condos available for purchase in Carpinteria/Summerland with a median list price of $575,000.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/09 to 8/20/09 there have been 94 sales compared to 105 last year with the median sales price declining from $851,000 down to $709,000 this year. The average has declined from just over $1 million down to $825,000. Those 94 sales it took on average 64 days to get an accepted offer and an additional 57 of escrow time. When you add them together you get a total of 121 days of total marketing time on average.
For Condominiums on the North Side Goleta Real Estate there have been 30 sales compared to 23 last year with the median sales price going from $470,000 down to $375,050. The average sales price fell from $485,639 down to $399,320 this year. The average days on the market for those 30 sales was 52 with an added 45 days of escrow time for a total of 97 days of total marketing time on average.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate for 09 there have been 54 sales compared to 53 last year with the median sales price coming down only slightly from $785,000 to $737,500 this year. The average sales price is actually slightly ahead with $932,188 posted last year compared to $933,954 this year. The average days on the market for those 54 sales was 79 with the average escrow period of 42 for a total marketing time of 121 days on average.
For Condominiums for Goleta Real Estate South for the same time period there have been 43 sales compared to 42 last year. The median sales price has dropped from $585,000 last year down to $465,000 this year with the average sales price dipping from $550,000 last year to $445,000 this year. The average days on the market for those 43 sales was 72 with the added escrow period of 43 days bringing us a total marketing time of 115 days on average.
For Hope Ranch Real Estate Home Estate/PUDs from 1/1/09 to 8/20/09 there have been 10 sales compared to 11 last year with the median sales price falling from $2.525 million to $2,262,500 this year. The average also fell from about $3.15 million in 08 to just under $3 million this year. The average days on the market for those 10 sales was 99 days with an average escrow period of 34 days for a total marketing time of 133 days on average.
For Condominiums in Hope Ranch Real Estate there was no activity.
For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1/1/09 to 8/20/09 there have been 96 sales compared to 90 last year. But the median sales price on those sales went from $956,250 in 08 to $747,000 in 09 with the average sales price sliding even further from $1.1 million down to about $833,000. The average days on the market for those 96 sales was 66 with an additional 45 days of escrow time for a total marketing time of 111 days on average.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 37 sales compared to 39 in 08 but the median sales price has gone from $583,500 last year to $505,000 this year. The average sales price also fell from $680,000 last year to just under $600,000 this year. For those 37 sales the average days on the market were 101 with the added escrow time of 43 days for a total marketing time of 144 days on the market on average.
For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for 09 through August 20 there have been 112 sales compared to 102 in 08 but the median sales price has declined from $1.125 million down to $928,500 this year. The average has also slid from $1.324 million in 08 to $1.051 million this year. The average days on the market to achieve those 112 sales is 81 with the added average escrow time of 45 days bringing to a total of 126 days of total marketing time.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there have been 35 sales compared to 32 last year with the median sales price sliding from $662,000 down to $517,000 currently. The average sales price has gone from just under $800,000 down to $620,000. For those 35 sales it took on average just 61 days to get an accepted offer with an added 39 days of escrow time for a total of 100 days of total marketing time.
From 1/1/09 to 8/20/09 in Montecito Real Estate for the Home Estate/PUD market there have been 73 sales compared to 101 last year with the median sales price falling from $3.5 million in 08 to $2.4 million for 09. The average has fallen from $4.8 million last year to $3.5 million and the average days on the market have risen to 114. Adding in the average escrow time of 33 days you get a total marketing time of 137 days on average
For Condominiums for the same time period in Montecito Real Estate there have been 3 sales this year compared to 12 last year with the median sales price falling down by half from about $1.5 million last year to just $715,000 this year. The average has also declined from about $1.7 million last year to $948,000 this year. The average days on the market for those 3 sales is 195 and when you add in the average escrow time of 36 days you get a total marketing time of 231 days on average.
From Jan1 to August 20 for Carpinteria Real Estate/ Summerland Real Estate there have been 38 sales this year compared to 33 last year. But the median sales price has dipped from just under $900,000 to about $675,000 with the average sales price falling from just over $2 million to about $1.3 million. The average days on the market for those 38 sales this year is 93 and when you add in the average escrow period of 53 you get a total of 146 days Total Marketing Time.
For Condominiums in Carpinteria Real Estate/ Summerland Real Estate for the same time period there were 30 sales this year compared to 18 last year but the median sales price has fallen from about $470,000 to just above $400,000 with the average sales price going from just over $500,000 to just over $400,000. The averages on the market for those 30 sales is 104 and when you add in the average escrow period of 58 you get a total marketing time of 162 days on average.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD there have been 91 sales this year compared to 99 last year for a 9% drop in sales and the median sales price has gone down from $851,000 to $707,000 for a 17% drop.
The gap is a widening chasm this year with a $1.275 million median list price compared that $707,000 median list price for a 44.5% bulge. Compared to last year when the median list price was $899,500 against the $851,000 median sold price for a 5.4% gap.
For the condo market in Goleta Real Estate North the numbers are a mess. There have been 27 sales compared to 21 last year for a +28.6% rise. But the median sales price has gone down from $480,000 in 08 to $370,000 in 09 for a 23% drop.
The gap for 09 is up to 16.5% with a $443,000 median list price compared to a $370,000 median sold price for a 16.5% bulge whereas in 08 there was a $482,500 median list price with a $480,000 median sold price for a 0.5% gap.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD there have been 51 sales compared to 52 last year but the median sales price has slid from $782,500 last year to $725,000 this year for about a 7.3% decline.
The gap hast widened out this year however spurting up to 37% with a $1.15 median list price compared to that $725,000 median sold price and in 08 the gap was 9% going from the $859,000 median list price to the $782,5000 median sold price.
For the condo market in Goleta Real Estate South the numbers are a mess. There have been 41 sales compared to 08 when there were 42 sales. But the median sales price has dropped from $585,000 to $455,000 for a 22% decline.
The gap this year is a miniscule 3% with that $469,000 median list price compared to the $455,000 median sold price but last year it was a +8.4% with the $539,500 median list price compared to the $585,000 median sold price.
For Santa Barbara Real Estate Hope Ranch Real Estatearea for the Home Estate/PUD market there have been 10 sales compared to 11 last year but the median sales price has dropped about 9% from $2.525 million last year to $2,262,500 this year.
The gap this year is 24% with a $3 million median list price compared to that $2,262,500 median sold price and last year that $3 million median list price compared to the $2.525 million sold price for a 15% gap.
For Santa Barbara Real Estates Hope Ranch Real Estate area for the period of Jan.1 through April 15 for Condos there was no activity.
For the Santa Barbara Real Estatearea of West of State St area for the Home Estate/PUD market there have been 94 sales this year compared to 90 last year for a 4.4% increase. But the median sales price went from $956,250 down to $747,000.
Looking at the gap figures we see that for 09 the median list price has been $1.175 million compared to the $747,000 median sold price for a 37% gap and in 08 the gap was just 4.1% with a $997,000 median list price compared to a $956,250 median sold price.
For the Santa Barbara Real Estate West Side condo market there have been 36 sales so far this year compared to 39 at this time last year for a 7.7% decline. The median sales price has fallen from $583,055 to $504,000 for a 13.6% drop.
The gap however is almost exactly where it was last year with a 22% bulge. In 09 the median list price has been $649,000 with a median sold price of $504,000 and in 08 the median list price was $749,000 with a median sold price of $583,500.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market there have been 107 sales through August 14 of 9 compared to 101 in 08 for a 6% rise. But the median sales price slid from $1.15 million in 08 to the current $920,000 for a 20% decline.
The gap for 09 is about 32% with a median list price of $1.349 million compared to the $920,000 median sold price and in 08 it was 24% with a $1.5 median list price compared to a $1.15 median sold price.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate there have 34 sales through August 14 09 compared to 32 for 08 for a 6.3% rise. But the median sales price slid from $662,000 down to $513,500 for a 22.4% decline
The gape for 09 has widened out to 28% with a $710,000 median list price compared to the $513,500 median sold price and in 08 the gap was just 3.4% with a $685,000 median list price compared to a $662,000 median sold price.
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures for 09 show us 69 sales through August 14 which is down from 99 for the same period in 08. The median sales price has dropped from $3.5 million in 09 to the current level of $2.34 million for a 33% decline.
The gap which is the difference between the median sales price and the median list price is 35% with a $3.6 million median list and a $2.34 million median sold price. This compared to 08 when the gap was just 2% with a $3.6 million list and a $3.5 million median sales price.
For the condo market in Montecito Real Estate theres been just 3 sales for the year compared to 11 last year and the median sales price has fallen from about $1.6 million down to $715,000 for a 54% decline.
The gap between the median sales price and median list price is also huge this year with a $1.7 median list price and that $715,000 median sold price giving us a 58% gap. This compares to last year when the gap was just 10% with a $1.75 median list and a $1.6 median list price.
For Santa Barbara Reals Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through August 14 is $712,500 which is down from $919,500 last year at this time. The numbers of sales are up by 2 with a total of 34 however.
The difference between the median list price for 09 of about $$712,500 and the median list price of $1,299,000 is about 45% this year compared to last year when it was closer together at a 31% gap.
For the Carpinteria Real Estate/Summerland Real Estate condo market the numbers of sales is actually above where it was last year with 28 compared to 17 at this time last year. But he median sales price has fallen about $75,000 to just below $400,000
The gap between median list price and median sold price for 09 is 30.5% which is up slightly from where it was in 08 when it was 24.2%
The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory is up by 8% for a total of 77 overall and the new listings are up by 11% for a total of 60. But the big number is the pending listings which are up 42% to 37. The sales are also up by not nearly as big a gap. The sales are up 8% for a total of 25 but the average sales price is down 25% to just below $400,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings are down by 21% for a total of just under 200 and the new listings are down 19% for a total of 153. But amazingly with the lack of inventory very evident escrows are down just 13% to 93 with the sales down only 6% to 86. The average sales price has dropped by 16% to the currently level of $833,408.
The PUD market for the Santa Barbara Real Estate area of Goleta North see the overall inventory down 1 with the new listings down by 2 for a total of 5. The escrows are equal for both years standing at 5 with the sales down by 2 for a total of 5. The average sales price for the year is down 29% to $532,300.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available is down by 23% to 81 with the numbers of new listings falling by 12% to 62. But with the inventory down the escrows are up by 17% to 54 with the sales at 41 for both years. With all that activity the average sales price is down by 17% to about $450,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South the inventory is down by 14% to a total of 132 with the numbers of new listings down by 15% to 93. Amazingly with the inventory down the escrows are up by 8% to 62 but the sales have fallen by 4% to 48. The average sales price is almost exactly where it was last year at right around $910,000.
The PUD market for the Santa Barbara Real Estate area of Goleta South the overall inventory saw 10 listings for both year but 1 more new listing with 8. The escrows stand at 4 this year compared to 2 last year with 5 sales this year compared 3 last year. With more sales we get a higher average price up by 7% to $863,000.
The Condo market for the Hope Ranch Real Estate area of Santa Barbara real estate saw no activity.
For Home Estates in the Santa Barbara Real Estate area of Hope Ranch Real Estate overall inventory is about 34% of where it was last year with the numbers of new listings up by 15% to a total of 38. The escrows are 2 behind however with a total of 11 this year and the sales are 3 behind with a total of 8. The average sales price however is up by 5% to about $3.3 million.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch Real Estate there were no listings last year and just 1 this year. The good news is that 1 is now in escrow but has not closed yet.
The Condo market for the West of State St area of Santa Barbara Real Estate the total numbers of listings is down 12% this year with the numbers of new listings down even further with a drop of 31%. But amazingly with the inventory down the escrows are up 9% to 48 but the sales are down 7% to 36. With the sales falling the average sales price is also down by 14% to just under $600,000.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market in 09 are down by 8% to 274 with the numbers of new listings falling off 14% to 183. But with the inventory down the escrows are up by 12% to 114 and the sales are up 13% to 95. With the sales up the average sales price is down by 25% to $840,000.
The PUD market for the Santa Barbara area of West of State St there were 7 listings last year with 6 this year but 5 new listings last year with 6 this year. Unfortunately there have been only 2 escrows opened this year compared to 6 that were opened last year. Those 6 escrows led to 6 sales and this year those 2 escrows has given us only 1 sale for $990,000 compared to the average last year of $939,417.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year is up by 3% to 136 with the new listings up 4% to 97. But outpacing those numbers are the escrows which are up 29% to 44 with the sales only up 3% to 34. With everything else up the average sales price has fallen 18% to $636,732.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings are up by 5% to 444 with the new listings up even farther by 13% to 327. Up even farther are the numbers of escrows have risen by 18% to 156 but the numbers of sales is up just 3% to 119. With all the rises the falling has to be close behind and the average sales price is down by 16% to about $1.1 million.
For the PUD market on the East Side of Santa Barbara there were only 11 active listings last year and this year has given us only 6. There have been 5 new listings but last year there were 6. The has been only 1 escrow opened this year compared to 3 last year and 2 sales last year compared to 0 this year. That 1 sale was for $967,500.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through August 5 is exactly where it was last year at this time with 47. The new listings are up 10% to 32. But there have been only 3 escrows opened this year compared to 11 last year with just 2 sales compared to 11 last year. To add insult to injury average sales price has fallen 39% to $1,064,500.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate the total number of listings is up by 20% to 462 with the numbers of new listings up by 11% to 103. Unfortunately even though the inventory is up the escrows have fallen by 15% to 87 and the sales are down 30% to the current level of72. The average sales price is also down by 37% to just below $3 million.
For the PUD market in Montecito there have been just 4 listings this year which is 1 more than we had last year. There have been just 3 new listings for both years and only 1 escrow opened in both years with 1 sale rung up last year for about $2.5 million and 0 so far this year.
For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through August 5 there have been 37% fewer total listings in the area and 43% fewer new listings. But despite this lack of inventory the escrows are up 110% and the sales are up 52%. Whats down however is the Average Sales Price which has fallen 21% down to just below $400,000.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings through August 5 is up 21% with the new listings up just 11%. But the numbers of escrows are even above those two numbers currently standing 45% above last years number but the sold properties are only up by 2%. The average sales price for homes in Carpinteria/Summerland is an odd number because of the diversity of the area with very expensive beach homes and 60s tract homes mixing together. Right now the average sales price is down 27% to about $1.6 million.
For PUDs in the Carpinteria/Summerland through August5 have been only 2 listings which is down 75% from last year. There has been only 1 escrow compared to 2 last year but both years have 1 sale. In 08 that sale was for $745,000 and this year its been $591,000.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 09 the numbers of sales have been very close to the 08 numbers despite a dramatically reduced inventory. Last year there were 91 sales with a median sold price of $850,000 and this year there have been 88 sales but the median sales price has been $706,000. The pending sales are a little farther apart with 99 for 08 and 91 for 09 but the median list price is a little closer together with $869,000 last year compared to the current $749,000. There are only 65 Home Estate/PUDs available for purchase in the Goleta North area with a median list price of $1.249 million and average list price of $2.43 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 09 for condominiums is up compared to 08 when there were 21 sales with a median sales price $480,000. This year there have been 2 sales but the median sales price has been $380,100. The trend should continue because the escrows are way up from 20 08 with a median list price of $519,000 to 36 this year with a median list price of $372,000. Right now in the Goleta North area there are only 14 condos available for purchase with a median list price of $439,000 and average list price of $447,485.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 7 months of 09 there have been 50 sales which is exactly the same number that occurred in 08 to this time. But the median sales price has gone from $766,000 last year to the current $717,500. The escrows are slightly ahead this year with 54 rung up in 08 with a $779,000 median list price compared to 58 in 09 with a $729,900 median list price. The inventory is way down from the previous year so its rather amazing that sales have kept pace for the year. Right now there are only 41 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of $1.19 million and average list price of $1.25 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first seven months of 09 the numbers of sales is also exactly where it was last year with 40 rung up for both years. The median sales price is way down from the 08 level when it was $587,500 to the current number of $442,500. But the pending numbers are shooting ahead with 52 open escrows this year compared to 43 last year. But the median list price for those escrows was $600,000 last year and currently that number is $429,000. There are only 20 condos available for purchase in the Goleta South area with a median list price of $510,000 and average list price of $519,222.
The month of July 09 as far as the Home Estate/PUD market for Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate, Summerland Real Estate and Goleta Real Estate is concerned was the second month in a row with sales in the 80s. We havent seen numbers like this since August 07 so hopefully were rounding the bend to some sort of recovery for local Real Estate in Santa Barbara at least as far as numbers of sales is concerned. The big news for July is that the Median Sales Price went from the high $700,000s in June to the high $800,000s in July. With the Median Sales Price climbing the Sales Price to Original List Price ratio stayed about where it was in June in the mid to high 80th percentile so it looks like prices are starting to firm up with several properties selling with multiple offers.
The pending properties for July werent quite as prevalent as they were in June when they reached 90 but the homes starting the buying process were still in the low to mid 80s which means that the sales activity should continue for the foreseeable future. The median list price for those homes entering escrow remains in the mid to high $800,000 range so it looks like most of the action continues in the $500,000 to almost $900,000 range.
For sold homes the average days on the market which is the time from when a property is listed until an accepted offer is received remained in the mid 70s for July which is down from the mid 90s earlier in the year. The inventory had a surge in July up to the mid to high 600s with the median list price for the overall inventory sliding slightly down to just below $1.8 million and the overall days on the market going down from the high 140s to the high 120s.
Looking at the Districts for Home Estate/PUDs, Carpinteria/Summerland has almost exactly the same numbers of sales as it had at this time in 08 but the median sales price has fallen about $250,000 to roughly $700,000. Montecito continues to experience about 30% fewer sales this year than it did last year with the median sales price down about $1.1 million to roughly $2.25 million.
The sales for East of State St are currently ahead of the 08 level but the median sales price is down by about $240,000 to roughly $900,000. Over on the West Side Sales remain ahead of the 08 pace but the median sales price is down about $225,000 to approximately $750,000
In Hope Ranch Sales continue 3 behind where they were in 08 with both the median and average sales prices holding at approximately last years levels. The current median sales price for the area is $2.35 million and the current average sales price is about $3.03 million.
Goleta South sales continue to hold at about the 08 level with the median sales price down by about $50,000 to about $720,000. Goleta North sales continue to amaze me. The inventory is way down but the sales are only slightly behind what we experienced last year. The reason for maintaining this level in sales is that the median sales price has fallen about $150,000 down to the current number of approximately $700,000.
For the whole area sales are just slightly behind where they were in 08 with the pending sales slightly ahead. The median sales price has remained for the last few months right around the mid $800,000 level but is showing signs of moving up.
For the Condo market in July 09 for the Santa Barbara area it would have been difficult to equal the 43 sales we saw in June but we did have sales in the low to mid 30s. While the sales declined the median sales price did come up to the high $400,000 range from the mid $400,000 range of the past few months and the Sales Price to Original List Price ratio came up to right about 90%.
There has been a tremendous amount of activity in the $400,000 to $500,000 market for condos in Santa Barbara the last few months with multiple offers and properties going for over their asking price.
The surge in activity should continue because July experienced properties going pending in the high 30s to mid 40s ranges. The median list price for those condos entering escrow slid back however to the mid $400,000 range but well have to see whether some of those over asking offers will push the median sales price upward.
Average days on the market for sold properties fell to the mid 60s range from the mid 80s range last month also enforcing the feeling that the market is moving at a faster pace. The overall inventory took another downturn in July however falling to the mid 150s level with the overall median list price remaining at about $650,000. The lack of inventory remains a problem which could keep a recovery from really catching hold.
Condo sales for all of 09 remain ahead of the 08 pace with the median sales price staying about $110,000 below where it was last year at this time currently hovering around $470,000. Pending properties continue to be about 35% ahead of last years numbers with the median list price for those pended properties down about $140,000 to the current level of about $460,000.
Looking at the Districts, Carpinteria/Summerland condo sales are roughly 50% ahead of where they were last year but the median sales price is down about $80,000 from the 08 number to approximately $400,000. In Montecito there have been only 2 sales all year down from 11 last year but we finally saw our first Million Dollar sale of a Montecito Condo in 09 bringing the median sales price up to $1,064,500 which is down about $500,000 from last year.
East of State St has seen sales about equal and slightly ahead of last years mark but the median sales price for the area is down $130,000 to the current number of approximately $520,000. West of State is also about where it was last year as far as numbers of sales is concerned but the median sales price has gone down about $70,000 to around $500,000.
Goleta South has almost exactly the same number of sales as it had last year but the median sales price has fallen about $140,000 for the area to about $440,000 and Goleta North is about 4 sales ahead of the 08 level but the median sales price is down about $100,000 to roughly $380,000.
Theres a great deal of activity in the condo market right now which is primarily concentrated in the $350,000 to $600,000 range but the Million Dollar condo has made a comeback. There were 3 condo sales in June and 3 in July which were in the Million Dollar plus bracket with Montecito finally experiencing a sale in that range this year. We need more inventory at this time to keep up with the demand in the Condo marketplace. If those properties start coming on the market at a greater rate we could be on the road to recovery.
Gary Woods
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 09 there have been 9 sales compared to 11 in 08. The rest of the numbers are pretty darn close together also. The median sales price this year is $2.35 million and last year it was $2.525 million. The average sales price last year was $3.159 million and this year it is $3.033 million. The escrows are exactly the same with 12 for both year and the median list price is rather close together with $2.75 million last year and $2.55 million this year. Currently there are 26 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of just under $3 million and average list price of just under $4 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 08 has seen no activity.
For the Santa Barbara Real Estate area West of State St for the first seven months of 09 for the Home Estate/PUD market the numbers of sales is up from 84 last year to the current level of 90. But just like most of the other areas the median sales price has fallen rather dramatically from $973,750 last year to $747,000 right now. The pending numbers are easing closer together currently with 97 escrows opened last year compared to 103 this year but the gap between the median list prices remains with $959,000 last year and $759,000 currently. There are 87 Home Estate/PUDs available for purchase right now on the West Side of Santa Barbara with a median list price of $1.12 million and average list price of $1.29 million.
For the Santa Barbara Real Estatearea West of State St for the first seven months of 09 for the condo market sales are exactly where they were at this time last year with 35 closed escrows. The median sales price however has gone from $575,000 in 08 to $505,000 this year. But it looks like the sales could start moving forward because the numbers of escrows went from 38 last year with a median list price of just under $600,000 to 45 pended properties with a median list price of just under $500,000. Right now there are 40 condos available on the West Side of Santa Barbara with a median list price of $639,000 and average list price of just under $800,000.
For the Santa Barbara Real Estate area of East of State St for the first seven months of 09 the numbers of sales are above the previous years level. This year weve had 101 sales and last year there were 94. But the median sales price has dropped about $250,000 down to the current level of $900,000. The trend should continue because the pending listings are up from 105 in 08 to 127 currently but the median list price for those properties is not moving closer together. Last year the median list price was $1.175 million and now its $897,000. Currently there are 147 Home Estate/PUDs available for purchase with a median list price of $1.375 million and average list price of $1.667 million.
For the Santa Barbara Real Estate area of East of State St for the first seven months of 09 for the condominium market there are more sales this year with 33 compared to last year when there were 31. But the median sales price has dropped from $649,000 last year to $517,000 this year. The trend should continue because this year there have been 42 escrows opened with a median list price of $523,900 compared to last year when there were only 30 escrows opened with a median list price of $679,000. Right now there are 40 condos available on the East Side of Santa Barbara with a median list price of $660,000 and average list price of $769,375.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven months of 09 compared to 08 shows us 65 sales this year compared to 105 last year. The median sales price has dropped about $1.1 million to the current $2.25 million level and the average has fallen even more from $4.46 in 08 to the current $2.94 million. The escrows are a little closer together with 106 rung up last year compared to 75 this year and the median list price for those escrows is also closer together with $3.1 million posted last year compared to $2.795 this year. Right now there are a whopping 218 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.595 million and average list price of $5.769 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven month of 09 there have only been 2 sales with a median sold price of $1.06 million. This compares to 08 when there were 11 sales with a median sales price of $1.58 million. The number of open escrows paints an equally dismal picture with only 2 currently open compared to 11 last year and the median list price of those 2 is just $795,000 compared to last year when the median list price was $1.55 million. Right now there are 23 condos available in Montecito with a median list price of $1.695 million and an average list price of $1.71 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estatefor the first 7 months of 09 compared to 08 the numbers of sales is still ahead this year but by 1. The median sales price however is down by about $260,000 to the current approximately $690,000 level. The pending numbers are up substantially from 32 in 08 to the current 45 in 09 and the median list price for those pending properties is easing closer to last years level when it was $900,000. Right now the median list price for homes currently in escrow is $799,000. Currently there are 86 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of just under $1.4 million and average days on the market of 168.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 7 months of 09 in the condominium market shows us sales substantially ahead of the 08 level. Last year to this time there were 16 sales and now there are 24. The median sales price has fallen but not as far as you would think. Last year the median sales price was $487,000 and now it is $404,000. The Pending numbers are even higher in comparison to last year when there were only 18 open escrows with a median list price of just under $500,000. Now there are 37 open escrows with a median list price of $420,000. Currently there are only 26 condos available for purchase in Carpinteria/Summerland with a median list price of $575,000.
For Goleta North area of Goleta Real Estate Real Estate for the Home Estate/PUD market there are currently 67 properties on the market with an average list price of about $2.2 million. The highest priced property on the market is listed for $23.5 million while the least expensive home is listed for just $150,000. With all that said the median list price for the area is about $1.1 million.
There are currently 22 properties in escrow with an average list price of about $810,000. The highest priced home currently in escrow is listed for about $1.56 million with the least expensive property on the market for just under $500,000. The median list price for homes in escrow is under $700,000.
So far this year 83 homes have closed escrow on the north side with an average sales price of about $825,000. On the top of the heap is a home that sold for $3.3 million while at the bottom of the pile is one that sold for $180,000. The median sales price for the area is $705,000.
For the condo market in Goleta Real Estate North there are just 13 properties available right now with an average list price of about $440,000. The most expensive condo in the area is on the market for $690,000 while the least expensive property is available for $118,300. Just about in the middle is the median list price of $433,000.
There are now 12 condos in escrow with an average list price of about $400,000. The highest priced condo in escrow is listed at $1.055 million with the least expensive home in escrow listed at $118,300. The median list price for the area is $349,000.
So far this year there have been 24 condos close escrow with an average sales price of just under $400,000. Topping the charts is a condo that sold for $740,000 while at the other end of the spectrum is one that sold for $128,800. The median sales price for the area is $380,100.