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 through February 18 there have been 26 listings this year compared to 29 last year. The new listings are up however from 9 in 09 to 13 this year. But the escrows are even with 2 in each year while the sales are up from 1 in 09 to 2 in 10. The average sales price also went up from $2,175,000 in 09 to $3,582,125 in 10.
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 through February 18 are way down from 73 in 09 to 51 in 10. New listings are down nearly as much falling from 18 in 09 to 14 in 10. The escrows however up from 6 to 10 with the sales up from 4 to 6 this year. But the average sales price has dipped from $579,750 in 09 to $493,083.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through February 18 are down from 131 in 09 to 91 in 10. The new listings also fell from 40 last year to 33 this year. The escrows are also down from 27 in 09 to 22 in 10 with the sales down from 17 last year to 12 this year. The average sales price also fell from $1,045,176 last year to $917,458 this year.
The PUD market for the Santa Barbara area of West of State St there were 0 listings last year but 2 this year but both years have seen no new listings, no escrows and no sales.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through February 18 there have been 54 listings this year compared to 64 last year and the new listings went down from 25 in 09 to 19 in 10. But the numbers of escrows went up from 7 last year to 8 this year with sales going from 3 in 09 to 10 in 10 while the average sales price fell from $736,000 in 09 to $415,100.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through February 18 went down from 183 in 09 to 172 in 10. New listings didnt fall as far dropping from 66 in 09 to 63 in 10. Escrows however are way up from 20 last year to 29 in 10 with sales also rising from 14 last year to 27 this year. The average sales price dropped however from $1,048,071 last year to $944,491 this year.
For the PUD market on the East Side of Santa Barbara there have been 5 total listings this year compared to 2 last year with 3 new listings in 10 compared to 1 in 09. Everything else is zero for both years with no escrows and sales for 09 and 10.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through February 18 there were 22 total listings in 09 compared to 19 this year. But new listings went down 1 from 7 in 09 to 6 this year. The escrows went up from 1 last year to 3 this year with no sales to this point in 09 compared to 2 in 10. The average sales price for those 2 sales this year is just over $2 million.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through February 18 the total inventory went down slightly from 247 in 09 to 245 in 10. The new listings were exactly the same however with 63 in both years. The escrows were also the same with 16 in both years but the sales have gone up from 7 in 09 to 13 in 10. The average sales price also rose significantly from $2,393,429 in 09 to $5,007,769 in 10.
For the PUD market in Montecito there have been 7 active listings this year and 2 listings last year. But last year there was 1 new listing in 09 compared to 4 in 10. Only 1 escrow has been opened this year compared to non last year and 1 sale has been completed compared to none last year. That 1 sale was for $1,450,000.
For the Santa Barbara area of Carpinteria Real Estate/Summerland for the condo market through February 18 10 the overall inventory has dropped from 50 properties in 09 to 42 in 10. The new listings however are equal with 19. The escrows however are way from 3 to 10 this year and the sold properties have gone up from 3 to 5. The average sales price has gone done however from $355,000 in 09 to $317,800 in 10.
For Home Estates in Carpinteria Real Estate/Summerland the total numbers of listings through February 18 has the inventory down from 105 in 09 to 92 in 10 with new listings going up slightly from 25 to 28 this year. The numbers of escrow also went up from 6 to 8 with the sales rising significantly from 3 to 12. The average sales price also has gone way up from $561,667 to $1,041,858.
For PUDs in the Carpinteria/Summerland through February 18 there were no listings and no new listings. But there was 1 sale compared to last year when there was also 1. In 09 that 1 sale was for $591,000 and this year the sale was for $905,000.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/10 to 2/12/20 there were 15 sales compared to 17 the year before. The median sales price was also very close together falling from $686,000 in 09 to $674,000 in 10. The average sales price dropped a little further descending from $713,105 to $659,743. Those 15 sales took on average 80 days to get an accepted offer and when you add in another 55 days of escrow time you get an average marketing time of 135 days.
For Goleta Real EstateNorth condos there have been 3 sales this year compared to none last year. The median sales price for this year has been $459,000 with the average sales price dropping to $385,700. Those 3 sales took on average just 13 days to get an accepted offer and 28 days on average for escrow time giving us a total of 41 days of total marketing time.
Santa Barbara Real Estate Statistics
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 10 to February 12, 10 there were 9 sales compared to 8 the previous year. The median sales price the previous year was $787,350 and this year its been $540,000. The average sales price also fell from $893,837 in 09 to $540,813 in 10. Thos 9 sales this year took on average 44 days to get an accepted offer and when you add in another 71 days of escrow time you get a total of 115 days of total marketing time.
For Condominiums for Goleta Real Estate South for the same time period there 4 sales compared to 3 the previous year and the median sales price slid from $375,000 in 09 to $347,500 in 10. The average sales price fell even further from $546,500 to $346,250. Those 4 sales this year took on average 63 days to get an accepted offer and when you add in another 76 days of escrow time you get a total marketing time of 139 on average.
Santa Barbara Real Estate Statistics
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 10 to February 12, 10 there were 2 sales compared to 1 the previous yea. Those 2 sales had an average and median sales price of $3,582,125 million compared to the 09 sale which was for $2.175 million. Those 2 sales took on average 232 days to get an accepted offer and when you add in another 62 days of escrow time you get a total of 294 days of total marketing time.
For Condominiums in Hope Ranch Real Estate there was no activity.
Santa Barbara Real Estate Statistics
For West of State St in Santa Barbara Real Estatefor Home Estate/PUDs for the period of January 1, 10 to February 12, 10 there were 10 sales compared to 15 for 09. The median sales price also fell from $860,000 last year to $718,750 this year. The average sales price also dropped from $948,533 in 09 to $837,050 this year. Those 10 sales took on average 86 days to get an accepted offer with another 87 days of escrow time added in for a total of 173 days of total marketing time.
For Condominiums on the West Side of Santa Barbara Real Estatefor the same time period there were 4 sales in both years. The median sales price was also close dropping slightly from $496,000 in 09 to $443,000 in 10. The average sales price fell further from $579,750 last year to $487,125 this year. Those 4 sales this year took on average 69 days to get an accepted offer and when you add in another 72 days of escrow time the total marketing time comes out to 141 days.
Santa Barbara Real Estate Statistics
For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for January 1 10 to February 12 10 there were 25 sales compared to 09 when there were 11. But the median sales price dropped from $970,000 last year to $839,000 this year with the average sales dropping from $1,030,272 last year to $961,650 this year. Those 25 sales this year had on average 111 days before an accepted offer was received and when you add in another 50 days of average escrow time you get a total of 161 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 were 8 sales this year compared to 3 last year. But the median sales price plummeted from $850,000 in 09 to $316,750 in 10. The average sales price also fell from $736,000 in 09 to $411,062 in 10. Those 8 sales this year took on average 66 days to get an accepted offer then another 72 days of escrow time for a total 138 days of total marketing time.
Santa Barbara Real Estate Statistics
From 1/1/10 to 2/12/10 in Montecito Real Estate for the Home Estate/PUD market there were 11 sales this year compared to 7 last year. But the median sales price fell from $2.5 million in 09 to $2.1 million this year. The average sales price however rose from about $2.4 million last year to $4.34 million this year. Those 11 sales this year took on average 238 days to get an accepted offer with another 38 days of escrow time thrown in giving on average 278 days of total marketing time.
For Condominiums for the same time period in Montecito Real Estate this year there were 2 sales compared to none last year. Those 2 have an average and median sales price of $2,025,000. The 2 properties had on average 48 days of time before an accepted offer was received and another 34 days of escrow time for a total of 82 days of total marketing time.
Santa Barbara Real Estate Statistics
From 1/1/10 to 2/12/10 in Montecito Real Estate for the Home Estate/PUD market there were 11 sales this year compared to 7 last year. But the median sales price fell from $2.5 million in 09 to $2.1 million this year. The average sales price however rose from about $2.4 million last year to $4.34 million this year. Those 11 sales this year took on average 238 days to get an accepted offer with another 38 days of escrow time thrown in giving on average 278 days of total marketing time.
For Condominiums for the same time period in Montecito Real Estate this year there were 2 sales compared to none last year. Those 2 have an average and median sales price of $2,025,000. The 2 properties had on average 48 days of time before an accepted offer was received and another 34 days of escrow time for a total of 82 days of total marketing time.
Santa Barbara Real Estate Statistics
From January 1 10 to February 12 10 for Home Estate/PUDs in Carpinteria Real Estate/Summerland Real Estate there were 12 sales compared to the previous year when there were 4 sales. The Median sales price also rose from $588,000 in 09 up to $767,500 in 10 with the average sales price rising even further from $569,000 last year to about $1,050,000 this year. The 12 sales this year took on average 90 days to get an accepted offer and another approximately 60 days to close for a total marketing time of about 150 days on average.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 5 sales this year compared to 3 last year. The median sales price held firm however dropping only slightly from $340,000 in 09 to $330,000 in 10. The average sales price fell a little further from $355,000 last year to $317,800 this year. Those 5 sales this year took on average 79 days to get an accepted offer and with another 68 days of escrow time you get an average total marketing time of 146 days.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through February 6th 2010 there have been 10 sales compared to 15 last year and the median sales price has dipped slightly from $686,000 to $677,000 for a 1.3% decline.
The gap between the median list price of $1.095 million and the median sold price of $677,000 is 38% compared to 09 when there was a $1.075 million list price and a $686,000 median sold price for a 36% differential.
For the condo market in Goleta Real Estatea North through February 6th 2010 there have been 3 sales compared to none last year. This year the median sales price is $459,000.
The gap between the median list price of $439,000 and the median sold price of $459,000 gives us a positive 4.6% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through February 6th there have been 8 sales compared to 6 last year but the median sales price has dipped from $787,350 in 09 to $546,000 in 10 for a 30% drop.
The gap between the median list price of $1.039 million and the median sold price of $546,000 gives us a 47% gap this year compared to 09 when there was about a $1.2 million median list price and a $787,350 median sold price for a 34% differential.
For the condo market in Goleta Real Estate South through February 6th 2010 there have been 4 sales compared to 2 in 09 with the median sales price falling from $657,250 last year to $347,500 this year for a 47% decline.
The gap between the median list price of about $460,000 and the median sold price of $347,500 in 10 is 24.3% compared to 09 when there was a $525,000 median list price and $657,250 median sold price for a positive 25.2% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Estate Hope Ranch Real Estate for the Home Estate/PUD market through February 6th there have been 2 sales compared to 1 for the previous year with the median sales price rising to $3.58 million from last year when it was $2.175 million.
The gap this year of the median list price of about $3.425 million and the median sold price of $3.58 million gives us a positive 5% gap compared to 09 when the median list price was about $3.5 million and that 1 sale of $2.175 million gave us a 38% 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.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through February 6th this year there have been 9 sales compared to 13 last year. The median sales price also fell from $860,000 in 09 to $727,500 in 10 for a 15% decline.
The gap between the median list price of $975,000 and the median sold price of $727,500 for 10 gives us a 28% differential compared to 09 when the median list price was $899,000 and the median sold price was $860,000 for just a 4% gap.
For the Santa Barbara Real Estate West Side condo market there have been 3 sales in 10 compared to 4 in 09 and the median sales price drifted down from $496,000 in 09 to $451,000 in 10 for a 9% decline.
The gap of the median list price of $625,000 and the median sales price of $451,000 is about 28% compared to 09 when the median list price was $759,000 and the median sales price was $496,000 for a 35% differential.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through February 6th 2010 there have been 21 sales compared to 9 in 09. The median sales price has dropped however from $970,000 last year down to $860,000 this year for an 11.3% decline.
The gap between the median list price of $1.395 million and the $860,000 median sales price yields a 39% discrepancy and in 09 the median list price of $1.295 million and the $970,000 median sales price gave us a 25% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through February 6th there have been 8 sales compared to 3 the previous year. But the median sales price fell from a lofty $850,000 to just $316,750.
The gap for 10 with a median list price of $684,900 and the $316,750 median sales price gives us a 54% differential whereas in 09 the median list price was $724,500 compared to the $850,000 median sales price gives us a positive 17% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through February 6th 2010 there have been 7 sales this year compared to 7 in 09 and the median sales price is almost exactly the same in both years. For 09 the median sales price was $2.5 million and in 10 its $2.485 million.
The gap between the median list price of just under $4 million this year and the median list price of about $2.5 million is 37.5% and last year those same ratios were present.
For the condo market in Montecito Real Estate through February 6th 2010 there have been 2 sales compared to none last year and the median sales price is just over $2 million.
The gap between the median list price of $1.395 million and the median sale price of $2.025 million is a positive a 56%.
Santa Barbara Real Estate Statistics
For Santa Barbara Reals Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through February 6th 2010 there have been 9 sales compared to 4 the previous year and the median sales price for those 9 sales has gone up from $588,000 in 09 to $675,000 in 10 for about a 15% rise.
The difference between the median list price of $1.5 million this year and the $675,000 median sales price is about 55% whereas in 09 the median list price was $1.22 million and when compared to the median sales price of $588,000 there was a 52% gap.
For the Carpinteria Real Estate/Summerland Real Estate condo market there have been 5 sales this year compared to 3 last year but the median sales price slid down slightly from $340,000 in 09 to $330,000 in 10 for a 3% decline.
The median list price this year is $589,000 and when compared to the median sales price of $330,000 you get a 44% gape whereas last year there was a $495,000 median list price and when compared to the median sold price of $340,000 you get a 31% gap.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first month of 10 in the Single Family Home market 9 properties closed escrow with a median sales price of $674,000 and an average sales price of just under $650,000. Last year there were 11 sales with a median sold price of $700,000 and an average sales price of just under $750,000. This year there are 9 open escrows with a median list price of $749,000 and last year there were 12 open escrows with a median list price of $775,000. Right now there are 61 Home Estate/PUDs available for purchase with a median list price of about $1.1 million and an average list price of about $2.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first month of 10 in the Condo market there have been 3 sales with a median sales price of $459,000 and an average sales price of $385,700. In 09 there were no sales for the first month. This year there have been 3 open escrows with a median list price of $228,100 and last year there were 3 open escrows but the median list price then was $322,000. Right now there are just 11 Condos available for purchase in Goleta North with a median list price of $439,000 and an average list price of $478,481.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first month of 10 in the Single Family Home market 7 homes closed escrow compared to 6 in 09. The median sales price this year is $540,000 with an average sales price $555,285. In 09 the median sales price was $787,350 and the average sales price was $807,450. Last year there were 11 open escrows with a median list price of $659,000 and this year there are just 3 open escrows with a median list price of $825,000. Right now there are just 31 Home Estate/PUDs available for purchase with a median list price of $989,000 and an average list price of $1,126,351.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first month of 10 in the Condo market 3 condos closed escrows compared to 2 in 09. The median sold price dropped however from $657,250 last year to $465,000 this year. The average also fell from $657,250 in 09 to $385,000 this year. There have been 4 pended condos this year with a median list price of $259,000 whereas last year there were 4 pended properties with a median list price of $349,900. Right now there are just 6 condos available for purchase with a median list price of $549,000 and an average list price of $538,579.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Hope Ranch Real Estatefor the first month of 10 in the Single Family Home market there have been 2 sales with a median and average sales price of $3,582,125 and last year there was just 1 sale for $2,175,000. But this year there is just 1 open escrow with a list price of about $1.7 million compared to 09 when there were 2 open escrows with a median list price of $2.55 million. Right now there are 17 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.425 million and an average list price of $4,648,411.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first month of 08 in the Condo market there was no activity.
Starting 2010 for the Home Estate/PUD market in Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estate January ended with about 60 sales. This is a drop from 95 in December which is to be expected but substantially ahead of the 44 that closed in January 09. The decline in the number of sales was most evident in the $1 to $2 million category which went from 27 in December to less than 8 in January. But the below $1 million price range also declined from over 50 sales in December to 44 in January and the $2 million and up category went from 11 sales in December to 7 in January with 2 of those sales over $5 million compared to 6 in December.
Accompanying the decline in the numbers of sales is a drop in the median sales price which for the month of January 10 went down to about $750,000. This drop to the $750,000 level has occurred every other month for the past 6 months falling from about $850,000 in December 09.
The number that really jumps out at me however is the Sales Price to Original List Price ratio which dipped down to just about 75% for January. That means if a property was listed for $1 million the average sales price was about $750,000. Certainly a lot of the sales in January were the ones left over from the end of 09 with a significant number of foreclosures and short sales in the mix but a 75% Sales Price to Original List Price ratio is as low as I have ever seen it and even the Sales Price to List Price ratio which normally hovers around the mid 90th percentile is below 85%.
There were however about 56 escrows opened for the month with the median list price for those properties around $825,000 so well have to see if the Median Sales price for February bounces back up to the mid $800,000 mark as it has done every other month for the last six months.
Looking at the districts, Carpinteria/Summerland has 8 sales already compared to 1 last January and the median sales price has gone from $500,000 in 09 to $675,000 this year. In Montecito there have been 7 sales so far this year with a median sales price of $3.3 million compared to 09 when there were 6 sales but the median sales price was about $1.7 million. I think that $3.3 million median sales price is an anomaly however because the 8 homes that went into escrow in January had a median list price of about $1.6 million which means the median sales price should continue to trend downward.
Sales on the East Side have jumped up from 10 in 09 to 20 in 10 but the median sales price has dipped from $970,000 last year to $839,000 this year. The West Side on the other hand has fewer sales with 8 this year compared to 10 in 09 and the median sales price has also dropped from $886,000 last year to $727,500 this year.
Hope Ranch has 2 sales so far this year with a median sales price of about $3.6 million while in 09 there was just 1 sale for $2.175 million. But, just as with Montecito the price trend is downward with the 1 escrow that opened in January displaying a list price of about $1.7 million compared to 09 when there were 2 escrows opened with a median list price of about $2.5 million.
Goleta South has 8 sales so far this year compared to 6 last year but the median sales price has dropped substantially from about $790,000 last year to approximately $550,000 this year. And finally Goleta North has 9 sales this year compared to 11 last year with the median sales price falling from $700,000 in 09 to $674,000 in 10
There is still a lot of activity in the marketplace but until the foreclosures and short sales have left the inventory this descending price trend should continue and unfortunately it looks like those distressed properties will continue to appear.
For the condo market, 09 started with about 12 sales but in 2010 the number is over 20. But, last year those 12 sales had a median sales price of about $480,000 and this year the median sales price is closer to $375,000. Just like with the Home Estate/PUD market there are a substantial number of short sales and foreclosures that are part of that mix which is driving the price down but even so thats still the lowest 1 month median sales price in years.
It looks like the median sales price should come back up however because in January there were 27 escrows opened with a median list price of $429,000. The Sales Price to Original List Price ratio is also a lot stronger compared to the Home Estate number of 75% with condos currently hovering around the 92nd percentile.
Condo prices have been fairly stable since quarter 2 of 09 going anywhere from about a $450,000 median sales price to a $500,000+ median sales price each month with a slight upward pressure until this January. At this point I tend to think the big drop in median sales price this January is an anomaly rather than a trend.
What is a trend however, is the decline in the upper end of the condo market. Of the 21 sales in January, 19 were from $510,000 down with the least expensive condo selling for $215,000. Above $510,000 there were only 2 sales, 1 for $815,000 on the East Side of Santa Barbara and 1 for $1,050,000 in Montecito. Of the 319 condo sales in 09 less than 20 of them were for $1 million or over with most of the higher priced properties selling either in downtown Santa Barbara or Carpinteria not Montecito.
Looking at the districts, Carpinteria/Summerland had 5 sales in January 10 compared to 3 in 09 with the median sales price falling slightly from $340,000 last year to $330,000 this year. In Montecito there was the 1 sale in January that I mentioned for $1,050,000 compared to none in 09.
On the East Side of Santa Barbara January had 7 sales this year compared to 3 in 09 but the median sales price fell from $850,000 last year to just $310,000 this year. On the West Side of town there were 4 sales in 09 compared to 2 in 10 with the median sales price dropping from $496,000 last year to $443,000 this year.
For Goleta South there were 3 sales in January 10 compared to 2 in 09 but the median sales price fell from $667,250 last year to $465,000 this year. And for Goleta North there were 3 sales this year with a median sales price of $459,000 compared to last year when there were none.
The condo market for the greater Santa Barbara area looks like its going to continue with between 25 and 30 sales a month and for the foreseeable future the median sales price should be about $450,000 with some slight upward pressure. The inventory after falling to an all time low of only 111 available units from Carpinteria to Goleta in December is starting to come back but this lack of inventory is the one element that would keep this portion of the market from moving forward.
For both Home Estate/PUDs and Condos the median sales price in January 2010 took a beating primarily because of the significant number of foreclosures and short sales that were a substantial part of the sales figures. There are definitely more properties in both categories coming on the market but whether its a flood or a trickle will determine whether prices remain where they are currently or move in one direction or the other.
Gary Woods
For the Santa Barbara Real Estatearea of West of State St for the first month of 10 in the Single Family Home market 7 properties closed escrow with a median sales price of $727,500 and an average sales price of just under $920,000. In 09 there were 10 sales with a median sales price of $886,000 and an average list price of $966,800. This year there have been 12 open escrows with a median list price of $625,000 and last year there were 16 open escrows with a median list price of just under $750,000. Right now there are 54 Home Estate/PUDs available for purchase with a median list price of $975,000 and an average list price of just under $1.4 million.
For the Santa Barbara Real Estatearea of West of State St for the first month of 10 in the Condo market 1 closed escrow with a sales price of $435,000. Last year there were 4 closed escrows with a median sales price of just under $500,000 and an average sales price of just under $580,000. But this year there are 7 open escrows with a median list price of about $435,000 compared to last year when there were 2 open escrows with a median list price just under $400,000. Right now there are just 38 Condos available for purchase on the West Side of Santa Barbara with a median list price of $625,000 and a median list price of $882,583.
For the Santa Barbara Real Estate area of East of State St for the first month of 10 in the Single Family Home market 17 homes closed escrow with a median sales price of $839,000 and an average sales price of $862,397. In 09 there were just 9 sales with a median sold price of $970,000 and an average sales price of just over $1 million. The pending numbers also look good this year with 15 open escrows with a median list price of $840,000 compared to 09 when there were 8 pending properties with a median list price of about $1.5 million. Right now there are 100 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.4 million and an average list price of just under $1.8 million.
For the Santa Barbara Real Estate area of East of State St for the first month of 10 in the Condo market 6 sales have occurred but the median sales price slid down to $307,500 with the average hovering around $420,000. In 09 there were just 3 sales but the median sales price was $850,000 with the average showing up at $736,000. This year there are 3 open escrows with a median list price of $435,000 while last year there were 4 open escrows with a median list price of $639,000. Right now there are just 34 Condos available for purchase on the East Side of Santa Barbara with a median list price of $650,000 and an average list price of $821,615.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 10 in the Single Family Home market 5 homes closed escrow compared to 6 in 09. But last year the median sales price was about $1.72 million and this year its gone up to $3.3 million. The average sales price also rose from $2,150,666 in 09 to $5,218,600 in 10. The pending properties however are above last years number with 8 homes currently in escrow with a median list price of just under $1.6 million compared to last year when there were 6 homes in escrow with a median list price of $2.45 million. Right now there are 166 Home Estate/PUDs available for purchase in Montecito with a median list price of just under $4 million and an average list price of $5.67 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 10 in the Condo market there was 1 sale for $1,050,000 and last year there were no sales. This year there were also 2 open escrows in the area with a median list price of $1.2 million and last year there were no open escrows. Right now there are just 14 condos available for purchase in Montecito with a median list price of about $1.3 million and an average list price of $1.43 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 10 for the Home Estate/PUD market there were 8 sales compared to just 1 in 09. The median sales price also went up from $500,000 for that 1 sale last year to $790,000 for those 8 closed properties. The average sales price was even higher showing up at just under $1.2 million. For Jan. 10 there are 5 homes in escrow compared to 2 in 09 and the median list price on those properties was about $670,000 last year compared to about $770,000 this year. Right now there are 68 Home Estate/PUDs available for purchase in the area with a median list price of about $1.4 million and an average list price of just under $4 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 10 in the Condo market there were 5 sales compared to 3 in 09 but the median sales price slid slightly from $340,000 last year to $330,000 this year. The average sales price slid even further from $355,000 in 09 to $317,800 in 10. The pending numbers this year also look good with 5 this year compared to 2 last year and the median list price in 09 was $255,500 and this year that median list price for pended listings is just under $400,000. Right now there are just 25 condos available for purchase in Carpinteria/Summerland with a median list price of just under $500,000 and an average list price of $664,034.
For Goleta North area of Goleta Real Estate Real Estate for the Home Estate/PUD market through January 25 there are 61 properties available with an average list price of about $2.08 million. The most expensive property available in the area is listed for $22 million while at the other end of the spectrum theres a home on the market for $180,000. The median list price for Goleta is $995,000.
There are 6 that are in escrow right now with an average list price for those homes of about $800,000. The highest priced listing in escrow is on the market for $1.095 million while the least expensive property is listed at about $660,000. The median list price for homes in the area is just under $749,000.
Through January 25 there have been 7 Home Estate/PUD sales on the North Side of Goleta with an average sales price of about $620,000. The highest priced sale was for $685,000 while the least expensive sale was for $515,000 giving us a median sales price of $600,000.
For the condo market in Goleta Real Estate North through January 25 there are just 11 properties available with an average list price of about $475,000. The highest priced condo is on the market for $1,059,000 and the least expensive home can be had for just $202,800. The median however is right at $439,000.
Right now there are 2 condos in escrow with an average list price of about $348,550. The highest priced condo in escrow right now is listed at $469,000 while the least expensive condo is on the market for $228,100
Through January 25 there have been 2 condo sales with an average sales price of just under $464,500. The higher priced sale was for $470,000 and the less expensive sale was for $459,000.