For Santa Barbara Real Estate Hope Ranch Real Estatefor the Home Estate/PUD market through March 24 there have been 2 sales compared to 2 for the previous year with the median sales price rising to about $3.6 million this year compared last year when it was $2.365 million for a 51.4% rise.
The gap this year of the median list price of about $3.95 million and the median sold price of $3.58 million gives us a 9.3% gap compared to 09 when the median list price was about $3.5 million and the median sales price was $2.365 million gave us a 32.3% 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 Estatearea of West of State St area for the Home Estate/PUD market through March 24, 2010 there have been 31 sales which exactly what occurred last year. And the median sales price is very close together also rising from $735,000 last year to $775,000 this year for an approximately 5% rise.
The gap between the median list price of $1,150,000 and the median sold price of $775,500 for 10 gives us a 32.6% differential compared to 09 when the median list price was $965,000 and the median sold price was $735,000 gives us a 23.8% gap.
For the Santa Barbara Real EstateWest Side condo market there have been 12 sales in 10 compared to 8 in 09 and the median sales price drifted down from $542,500 in 09 to $443,000 in 10 for an 18.3% decline.
The gap of the median list price of $615,000 and the median sales price of $443,000 is about 28% compared to 09 when the median list price was $729,000 and the median sales price was $542,500 for a 25.6% differential.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Estatearea East of State St area for the Home Estate/PUD market through March 24, 2010 there have been 41 sales compared to 25 in 09. The median sales price has dropped however from $970,000 last year down to about $890,000 this year for an 8.5% decline.
The gap between the median list price of $1.349 million and the approximately $890,000 median sales price yields a 34.2% discrepancy and in 09 the median list price of about $1.3 million and the $970,000 median sales price gave us a 25.3% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estatethrough March 24, 2010 there have been 15 sales compared to 7 last year. But the median sales price declined from $573,000 last year to $415,000 this year for a 27.6% fall.
The gap for 10 with a median list price of $695,000 and the $415,000 median sales price gives us a 40.3% differential whereas in 09 the median list price was approximately $700,000 compared to the $573,000 median sales price gives us a gap of about 18%.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through March 24, 2010 there have been 16 sales this year compared to 18 in 09 and the median sales price dropped from $2.3 million last year to $2,075,000 this year for an 11.1% decline.
The gap between the median list price of $3.75 million this year and the median list price and the median sales price of $2,075,000 is 45% and last year the median list price was about $3.7 million and when compared to the $2.3 million median sold price we got a 37.8% gap.
For the condo market in Montecito Real Estate through March 24, 2010 there have been 5 sales compared to none last year and the median sales price this year is$1,075,000 million.
The gap between the median list price of $1.295 million and the median sale price of $1,075,000 million is 17%.
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 March 24 has been $882,500 which is up about 50% from last year. The numbers of sales has risen even further and is up from 5 last year to 18 this year.
The difference between the median list price of $1.285 million this year and the $882,500 median sales price is about 31.3% whereas in 09 the median list price was $1.295 million and when compared to the median sales price of $591,000 there was almost a 95% gap.
For the Carpinteria Real Estate/Summerland Real Estate condo market there have been 12 sales this year compared to 7 last year but the median sales price slid down slightly from $390,000 in 09 to about $380,000 in 10 for about a 3% decline.
The median list price this year is $575,000 and when compared to the median sales price of approximately $380,000 you get a 34% gap whereas last year there was a $499,000 median list price and when compared to the median sold price of $390,000 you get about a 22% gap.
Santa Barbara Real Estate Statistics
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of Feb. 17 to Mar. 17 2010 there were 11 sales compared to 13 last year. But the median sales price went up from $717,000 in 09 to $780,000 in 10. The average sales price also rose from about $700,000 in 09 to about $840,000 this year. The numbers of escrows also rose from 8 last year to 15 this year with the median list price for those escrows going up from about $720,000 last year to about $750,000 this year. So far this year there have been 25 new listings for the period with a median list price of about $850,000 compared to last year when there were 24 new listings with a median list price of also about $850,000. Right now there are 71 Home Estate/PUDs available for purchase in Goleta North with a median list price of $1,049,000.
For the condo market in Goleta Real Estate North for the same period there were 3 sales this year and 3 sales last year. But the median sales price fell this year from $535,000 last year to $455,000 this year. The average sold price also fell from just over $400,000 last year to about $380,000 this year. For the period were talking about there were 5 escrows opened with a median list price of $359,000 and last year there were 3 opened escrows with a median list price of just under $300,000. So far this year there have been 5 new listings with a median list price of about $380,000 compared to last year when there were 8 new listings with a median list price of about $460,000. Right now there are 13 condos available for purchase in Goleta North with a median list price of about $450,000.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from Feb. 17 to Mar. 17 2010 there were 4 sales compared to 6 last year. The median sales price also declined this year falling from $857,000 last year to about $720,000 this year. The average sales price also fell from about $770,000 last year to about $720,000 this year. For 10 there were 7 opened escrows with a median list price of about $650,000 and last year there were 8 opened escrows with a median list price of about $675,000. So far in 10 there have been 15 new listings with a median list price of about $730,000 and last year there were 13 new listings with a median list price of about $740,000. Right now in Goleta South there are 39 Home Estate/PUDs available for purchase with a median list price of just under $900,000
For the condo market in Goleta Real Estate South for the same period there was 1 sale this year for $260,000 compared to last year when there were 2 sales with about a $450,000 median and list price. So far this year there have been 5 opened escrows with a median list price of about $380,000 and last year there were 3 opened escrows with a median list price of just under $400,000. So far this year there have been 4 new listings with a median list price of about $380,000 compared to last year when there were 9 new listings with a median list price of about $555,000. Right now there are just 8 condos available for purchase in Goleta South with a median list price of about $380,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estatefor the period of Feb. 17 to Mar. 17 2010 there were no sales and in 09 for the same period there were also no sales. There were 3 opened escrows this year however with a median list price of about $1.8 million while last year was just 1 opened escrow with a list price of about $3 million. For both years there were 5 new listings but this year the median list price for those properties is $6.7 million while last year it was closer to $3 million. Right now there are 19 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $4.75 million.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity.
For the Santa Barbara Real Estatearea of West of State St for Home Estate/PUDs for the period of Feb. 17 to Mar. 17 10 there have been 18 sales compared to last year when there were 11. The median sales price has also gone up for that time period rising from about $700,000 in 09 to over $800,000 in 10. The average sales price dropped however from about $930,000 last year to about $820,000 this year. There have been 23 open escrows this year with a median list price of $829,000 compared to last year when there were 10 open escrows with a median list price of about $590,000. So far in 10 there have been 36 new listings with a median list price of $915,000 while last year there were 26 new listings with a median list price of about $950,000. Right now there were just 63 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1,129,000.
For the condo market for the same time period on the West Side of Santa Barbara Real Estatethere were 8 sales this year compared to 3 last year. But the median sales price dropped from $560,000 in 09 to $445,000 in `10. The average sales price declined even further falling from just under $600,000 last year to about $470,000 this year. So far in 10 there have been 13 opened escrows with a median list price of $525,000 while last year there were only 4 opened escrows with a median list price of about $500,000. This year there have been 17 new listings with a median list price of about $575,000 while last year there were 11 new listings with a median list price of about $520,000. Right now there are 41 condos available for purchase on the West Side of Santa Barbara with a median list price of about $690,000.
For Santa Barbara Real EstateEast of State St for Home Estate/PUDs there were 12 sales from Feb. 17 to March 17 with a median sold price of about $1.23 million compared to last year when there were 11 sales with a median sales price of about $820,000. The average sales price last year was $964,000 and this year its over $1.3 million. There have been 23 opened escrows for 10 compared to 11 last year but the median list price for those escrows fell from $1,039,000 last year to just about $900,000 this year. For 10 weve seen 38 new listings come on the market with a median list price of about $1.375 million compared to last year when there were 36 new listings with a median list price of $1.15 million. Right now on the East Side of Santa Barbara there are 108 Home Estate/PUDs available for purchase with a median list price of about $1.4 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estatethis year there have been 7 sales for this period compared to 4 last year for the same time. But this year the median sales price was $420,000 compared to last year when it was $556,000. The average sales price also fell from about $550,000 in 09 to about $430,000 this year. Both years have 5 opened escrows and the median sales price for those escrows is only $10,000 apart with $550,000 for 09 compared to $540,000 for 10. The new listings having fallen way down however dropping from 18 last year with a median list price of about $550,000 compared to 8 this year with a median list price of about $645,000. Right now there are 40 condos available for purchase on the East Side of Santa Barbara with a median list price of $655,900.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 4 sales for the period of Feb. 17 to Mar. 17 this year compared to 9 last year. With the median sales price dropping by more than half from $2.9 million in 09 to about $1.4 million this year. The average sales price also declined from $2.8 million last year to $1.5 million this year. The new listings are way down also dropping from 39 in 09 with a median list price of about $3 million to 26 new listings with a median list price of about $2.5 million. The escrows are way up however with this showing 13 opened escrows compared to 8 last year but the median list price this year is about $2 million compared to last year when it was closer to $3 million. Right now there are 176 Home Estate/PUDs available for purchase with a median list price of about $3.8 million.
For the Condo market in Montecito Real Estate for the same period there was 1 sale this year for just below $1 million compared to last year when there were none. Both year showed no new open escrows but in 09 there were 9 new listings with a median list price of about $1.4 million compared to last year when there were 5 new listings with a median list price of about $1.25 million. Right now there were 18 condos available for purchase with a median list price of about $1.3 million
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 Feb. 17 to Mar. 17 there were 3 sales this year compared to none for the same period in 09. The median sales price for those 3 was $1.25 million with the average sales price about the same. Both periods had about 15 new listings show up with the 10 listings having a median list price of about $950,000 and in 09 the median list price was just under $900,000. For 10 there were 4 open escrows with a median list price of about $556,000 while in 09 there were 7 open escrows with a median list price of about $800,000. Right now there are 75 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.4 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 7 sales this year compared to 4 last year but the median sales price this year was just under $400,000 and last year it was closer to $520,000. The average sales price was a little closer together with about $400,000 average this year compared to a $485,000 average sales price last year. This year 7 new listings came on the market with a median list price of about $440,000 and last year there were 11 new listings with a median list price of about $400,000. Right now there are 25 condos available for purchase in Carpinteria/Summerland with a median list price of $570,000.
For Goleta North area of Goleta Real Estate Real Estate for the Home Estate/PUD market through March 12 there are 71 properties available with an average list price of about $2.2 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 20 that are in escrow right now with an average list price for those homes of about $896,430. The highest priced listing in escrow is on the market for $2.35 million while the least expensive property is listed at about $409,000. The median list price for homes in the area is just under $749,900.
Through March 12 there have been 24 Home Estate/PUD sales on the North Side of Goleta with an average sales price of about $720,000. The highest priced sale was for $1.1 million while the least expensive sale was for $450,000 giving us a median sales price of $680,000.
For the condo market in Goleta Real Estate North through March 12 there are just 15 properties available with an average list price of about $489,000. The highest priced condo is on the market for $1,059,000 and the least expensive home can be had for just $299,000. The median however is right at $459,000.
Right now there are 6 condos in escrow with an average list price of about $330,000. The highest priced condo in escrow right now is listed at $549,000 while the least expensive condo is on the market for $202,000 giving us a median list price for condos in escrow of $228,100
Through March 12 there have been 5 condo sales with an average sales price of just under $415,420. The higher priced sale was for $470,000 and the less expensive sale was for $228,100 giving us a median sales price for the area of $459,000.
In the Goleta Real Estate South area through March 12 there are 38 Home Estate/PUDs available for purchase with an average list price of about $1.05 million. The most expensive home on the market is listed for $2.2 million while the least expensive listing is just $260,000 which gives us a median list price for the inventory of about $900,000.
There are 9 homes in escrow with an average list price of about $1 million. The most expensive property in escrow is listed for $2.65 million while the least expensive property is on the market for just $524,900. The median list price for Goleta South properties in escrow is just under $730,000
Through March 12 there have been 12 sales with an average sales price of about $585,000. The highest priced sale was for $765,000 with the least expensive sale going out for $374,325. The median sales price for Goleta South through the end of January is $552,000
For condos on the South Side of Goleta Real Estate through March 12 there are only 9 available properties with an average list price of about $365,766. The highest priced condo in the area is one the market for about $630,000 while the least expensive condo can be purchased for $228,100 giving us a median list price of $309,000.
There are 5 condos in escrow with an average list price of $446,400. The highest priced listing in escrow is on the market for just under $579,000 while the least expensive condo in escrow is listed for $259,000. The median list price for condos in escrow in Goleta South is $549,000.
There have been 4 condo sales in Goleta South through March 12 with an average sales price of $346,250. The more expensive sale was for $475,000 and the least expensive condo sale was for $215,000 giving us a median sales price of $230,000 for the area.
For Hope Ranch Real Estate for Home Estate/PUDs through March 12 the inventory stands at 19 homes with an average list price of $6.7 million. The highest priced listing is on the market for $28.5 million while the least expensive property is available for $1.65 million which gives us a median list price of just under $5.784 million.
Right now there are 4 properties in escrow with an average list price of about $1.78 million. The highest priced property in escrow is listed for just under $2 million while the least expensive property in escrow is listed for about $1.7 million giving us a median list price of about $1.7 on the properties currently in escrow.
Through January there have been 2 sales in Hope Ranch with an average sales price of $3,582,125. The most expensive home sold for $3,664,250 while the less expensive home sold for $3.5 million.
For Santa Barbara Real Estate for Hope Ranch Real Estate the Price Range Statistics for Condominiums was no activity.
In the West of State St area of Santa Barbara Real Estate through March 12 there are 56 Home Estate/PUDs available for purchase with an average list price of about $1.5 million. The highest priced listing on the West Side is on the market for about $6.9 million while at the other end of the spectrum is a property listed for just under $500,000 which gives us a median list price of about $1.2 million.
There are 27 properties currently in escrow with an average list price of about $900,000. The most expensive property in escrow is listed at about $2.35 million while at the other end is one listed for about $420,000 which gives us a median list price for homes in escrow of about $800,000
Through March 12 there have been 22 sales on the West Side with an average sales price of about $845,000. The most expensive home sold for $1.85 million while the least expensive sale was $405,000 which gives us a median sales price so far this year of $750,000.
For the Condo market on the West Side of Santa Barbara Real Estatethrough March 12 there are 43 properties available for purchase with an average list price of about $835,000. The highest priced listing is available for $2.75 million and the least expensive listing can be had for just under $375,000 which gives us a median list price of $615,000.
There are 12 condos in escrow on March 12 with an average list price of just over $500,000. The most expensive condo in escrow right now is listed just under $750,000. The least expensive home in escrow is on the market for just under $340,000 which gives us a median list price of the 4 condos in escrow of $525,000.
Through March 12 there have been 11 condo sales with an average sales price of about $480,000. The most expensive condo sold for $735,000 and the least expensive condo went out for $380,000 which gives us a median sales price of about $450,000.
For the East of State St area of Santa Barbara Real Estatethrough March 12 there are 105 Home Estate/PUDs available for purchase with an average list price of about $1.8 million. The highest priced listing is on the market for $12,750,000 while the least expensive property can be had for $375,000 giving us a median list price of $1.4 million.
There are currently 25 homes in escrow with an average list price of about $1.56 million. The most expensive home in escrow is listed for $8.9 million with the least expensive home in escrow listed at $395,000 giving us a median list price of those homes in escrow of just under $900,000.
Through March 12 there have been 36 sales with an average sales price of $1,047,812. The most expensive sale in the area was for $3.5 million while the least expensive sale was for $455,000 giving us a median sales price of $839,000.
The condo market for the East Side of Santa Barbara Real Estatethrough March 12 there are 41 condos available for purchase with and average list price of about $850,000. The highest priced condo on the market is listed at $2.8 million while at the other end of the spectrum is one on the market for $346,900 giving us a median list price of$675,000.
There are 8 condos in escrow right now with an average list price of $564,390. The highest priced condo in escrow is listed at about $1.1 million while on the other end of the spectrum is one listed at $412,500 giving us a median list price for the condos in escrow of $430,275.
This year through March 12 there have been 12 condo sales with an average sales price of about $420,000. The highest priced sale was for $825,000. The least expensive property sold for $290,000 giving us a median sales price thus far this year of $420,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through March 12 there are 168 homes currently for sales with and average list price of about $5.5 million. The most expensive home in the area is listed at $29 million while the least expensive home is on the market for $965,000 giving us a median list price for the area of $3.95 million.
With all those listings we have 13 homes that are in escrow right now with an average list price of $3.36 million. The most expensive property in escrow is listed at $14,750,000 while the least expensive home in escrow is listed for $849,000 which gives us a median list price for homes in escrow in Montecito of $1,795,000.
Through March 12 there have been 13 Home Estate/PUD sales in Montecito with an average sales price of about $3.9 million. The most expensive home sold for $15.5 million while the least expensive listing went out for $685,000 which gives us a median sold price of $2,050,000.
For the Condo market in Montecito Real Estate there are currently 17 properties available with an average list price of about $1.5 million. The most expensive condo currently for sale can be had for just under $3 million while the least expensive property is listed for just under $600,000 which gives us a median list price of about $1.4 million.
Right now there are 2 condos in escrow in Montecito with an average list price of about $1.1 million. The higher priced condo in escrow is listed for $1.2 million and the other one in escrow is on the market for $995,000 which gives us a $995,000 median list price.
There have been 3 condo sales in Montecito this year with an average sales price of $1.7 million. The highest priced sale was for $3 million while the least expensive sale was for $1,050,000 giving us a median sales price of $1,075,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/ Summerland Real Estate for the Home Estate/PUD market through March 12 there were 167 properties available for purchase with an average list price of a whopping $3.87 million. Topping the list is one home on the market for about $30 million and on the other end was a property you can snap up for just under $300,000. The median list price for the area is $1,285,000.
In escrow currently there are 6 homes with an average list price of about $1.14 million. The most expensive home in escrow is listed at $2.5 million with the least expensive home in escrow listed at $556,800. The median list price of homes in escrow in Carpinteria/Summerland is $769,000.
Looking at Sold properties through March 12 there have been 15 sales with an average sales price of just over $1 million. The highest priced sale so far this year went out at $4 million with the least expensive sale showing up at $367,500. Those 2 extremes give us a median sales price for the area of $835,000.
For the condo market in Carpinteria Real Estate/ Summerland Real Estate 27 properties are available for purchase with an average list price of about $900,000. The highest priced listing is on the market for $4,395,000 while the least expensive listing is on the market for $359,000. The median list price of the area is $570,000.
In escrow right now are 9 properties with an average list price of $425,458. The most expensive property currently in escrow is listed at $689,000 while the least expensive property in escrow is priced at $362,500. The median list price for condos in escrow is $409,000.
Through March 12 there have been 10 condo sales with an average sales price of $358,420. The highest priced sale was for $470,000 while the least expensive condo sold for $255,000 giving us a median list price of $360,000.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 2 months of 10 the Home Estate/PUD sales are down from 24 to 19 but the median sales price has declined only slightly from $692,000 to $680,000. The average sales price has actually gone up from $704,700 to $718,744 and the new listings are way up from 37 in 09 to 50 in 10. The escrows are also up from 22 to 25 but the median list price on those 25 has fallen from $775,000 in 09 to $749,000 in 10. Right now there are 72 Home Estate/PUDs available for purchase in the Goleta North area with a median list price of about $1 million and an average list price of about $2.16 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first two months of 10 for the condo market there have been 4 sales this year compared to 1 last year with the median sales price for 10 just above $460,000 and that 1 sale last year right at $460,000. The average sales price this year is $405,525 down from that $460,000 mark last year. New listings are down from 20 to 13 and escrows are also down from 9 to 6. The median list price on those escrows has declined from $324,900 to just $228,100. Right now there are just 17 condos available for purchase in the Goleta North area with a median list price of about $450,000 and an average list price of about $475,000.
For the Santa Barbara Real Estate area of Goleta Real EstateSouth for the first 2 months of 10 the sales are down by 3 falling from 13 in 09 to 10 in 10. The median sales price has also fallen from $680,000 last year to $546,000 this year with the average sales price going down even further from about $780,000 to approximately $560,000. The new listings are also down falling from 29 to 22 while escrows are down from 16 to 9. The median list price on those escrows interestingly enough is up from $615,000 in 09 to $739,000 in 10. Right now there are just 37 Home Estate/PUDs available for purchase on the South Side of Goleta with a median list price of about $900,000 and an average list price of about $1.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first two months of 10 the condo market has seen 4 sales this year and 4 sales last year. But while the numbers of sales is the same the median sales price is not. That price has dropped from $452,000 to $347,500 with the average sales price falling even further from $542,125 in 09 to $346,250 in 10. The new listings have also declined from 15 to 12 with the median list price on those new listings going down from about $400,000 to about $300,000. Right now there are just 9 condos available for purchase on the South Side of Goleta with a median list price of about $310,000 and an average list price of approximately $385,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 2 months of 10 for the Single Family Residence market there have been 2 sales with a median and average sold price of about $3.6 million and last year there were 2 sales with a median and average sales price of about $2.36 million. This year there are 14 new listings compared to last year when there were 10. But the escrows have gone up from 2 in 09 to 4 in 10 while the median list price for those properties fell from $2.55 million 09 to about $1.7 million this year. Right now there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of just under $5 million and an average list price of about $6.5 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first two months of 09 in the Condo market there was no activity.
For the Santa Barbara Real Estate area of West of State St for the Home Estate/PUD market for the first 2 months of 10 sales are down from the same period in 09 dropping from 21 to 16. The median sales price has also declined from $870,000 to about $740,000 with the average falling from over $1 million to about $880,000. The numbers of new listings is exactly the same for both years but the escrows have fallen from 28 to 25. But the median list price of those 25 escrows is exactly where it was last year coming in at $749,000. Right now there are 60 Home Estate/PUDs available for purchase on the West Side with a median list price of $940,000 and an average list price of about $1.4 million.
For the Santa Barbara Real Estate of West of State St for the first two months of 10 in the condo market sales are up from 6 to 8 but the median sales price is down from $522,500 to $455,500. The average sales price is also down from $567,333 but the numbers of new listings has risen from 20 to 25. The pending listings are also up from just 6 last year to 15 this year but the median list price on those escrows is down from about $550,000 in 09 to just under $500,000 this year. Right now there are just 43 condos available for purchase on the West Side of Santa Barbara with a median list price of about $580,000 and an average list price of about $810,000.
For the Santa Barbara Real Estate area of East of State St for the first 2 months of 10 the numbers of sales is almost double what it was last year. In 09 there were 17 sales to this and currently there are 32. But the median sales price has declined from $970,000 in 09 to $832,000 in 10 with the average sales price falling from $1,032 last year to $957,851 this year. There are fewer new listings this year going from 77 in 09 to 60 in 10 but the escrows are up from 21 to 31. The median list price on those escrows however is down from $1.15 million to $925,000. Currently there are 97 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.45 million and an average list price of about $1.8 million.
For Santa Barbara Real Estate area of East of State St for the first two months of 10 in the condo market there have been 11 sales this year compared to 5 last year but while the numbers of sales more than doubled the median sales price has fallen by about half from $625,000 down to $323,500. The average sales price has also declined from about $660,000 to approximately $415,000. New listings are way down dropping from 31 in 09 to 20 in 10 but escrows are up from 7 to 9. The median list price on the escrows is down from about $600,000 to $435,000. Right now there are just 38 condos available for purchase on the East Side of Santa Barbara with a median list price of $675,000 and an average list price of over $850,000.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 2 months of 10 there have been 12 sales which is exactly how many occurred last year. But the median sales price has dropped about $1 million from approximately $3 million last year to about $2 million this year. But interestingly enough the average sales price has about doubled this year from $2.6 million last y ear to over $4 million this year. The new listings are down slightly from 70 in 09 to 66 in 10 but the escrows are up by 2 from 17 in 09 to 19 in 10. But the median list price on those 19 pending listings this year is about $1.8 compared to last year when it was $3.1 million. Right now there are 170 Home Estate/PUDs available for purchase in Montecito with a median list price of about $4 million and an average list price of about $5.6 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first two months of 10 there have been 3 sales compared to none last year. The median sales price on those 3 sales is $1,075,000 and the average is about $1.7 million. Both years had 8 new listings but this year there have been 4 open escrows compared to 1 last year. The median list price on those 4 is $1,075,000 and last year that one escrow had a list price of $729,000. Right now there are 15 condos available for purchase with a median list price of about $1.4 million and an average list price of $1.4 million.
For 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 the month of February 2010 saw sales in the mid 40s, falling from 61 in the previous month. The median sales price rose however from $760,000 in January up to around the $800,000 level.
The decline in the number of sales was primarily in the sub million dollar bracket dropping from the low 50s in that range in December 09 to the mid 40s in January and to the low 30s in February. The $1 to $2 million price range saw a rise in activity however which accounts for the median sales price going up for the month. In January there were 8 sales in that range and in February the number went up to about 11. But, the over $2 million range saw a decline in sales falling from 7 in January to around 4 sales in February with only 1 sale over $5 million.
Comparing 09 to 10 for the 1st 2 months of the year sales are up by roughly 15% but median sales price is down by about 8% falling to approximately $775,000 for the year. Sales generally lag in the 1st quarter of the year so the decline in the numbers of sales is not unusual and there is a substantial amount of activity in the marketplace with a significant number of properties going into escrow. In January there were 55 escrows opened and in February that number rose to the high 60s. The median list price on those opened escrows also rose from $825,000 in January to right about $900,000 in February.
The sales price to original list price ratio also rose for the month from 75% in January to right about 80% for February, but when you look at both months combined that ratio is right around 77% for all of 10 so far compared to 84% for the same period in 09.
Looking at the Districts, Carpinteria/Summerland this year has sales that are more than triple what they were last year at this time and the median sales price has gone up from about $590,000 in 09 to approximately $835,000 in 10. In Montecito sales are almost exactly where they were last year at this time but the median sales price has dropped about $1 million from approximately $3 million last year to about $2 million this year.
On the East Side of Santa Barbara sales are almost double where they were last year but the median sales price has dropped from $970,000 last year to about $830,000 this year. For the West Side of Santa Barbara after a big year for sales in 09, this year sales have dropped about 23% and the median sales price has fallen from $870,000 in 09 to about $740,000 in 10.
Hope Ranch had 2 sales in both years but the median sales price was $2.36 million in 09 compared to $3.58 in 10. Goleta South after a big year in 09 has fallen behind in the numbers of sales this year and the median sales price has declined from $680,000 last year to about $550,000 this year. Goleta North has also fallen behind the 09 sales pace and the median sales price has also declined but only slightly from about $690,000 last year to approximately $680,000 this year.
The decline in sales in the below $1 million range is primarily due to the lack of inventory in that range. Listings are down in every District except Goleta North which is over 25% ahead of where it was last year while Montecito is basically at the same level of inventory we experienced last year at this time. But, while the inventory continues to shrink the escrows continue to mount. Every District except Goleta South has experienced more open escrows this year than occurred last year.
The sales picture is more varied however with Carpinteria/Summerland, Montecito and East of State St having more sales this year and West of State St, Goleta South and Goleta North experiencing fewer sales in 10. The encouraging signs for the month are in the strengthening of sales between $1 and $2 million but the troublesome signs are the declining inventory in the sub $1 million range.
For the Condo Market in Santa Barbara the numbers of sales have declined for the last 5 months in a row, dropping from 27 sales in December 09 to 21 in January 10 and to the high teens for February. The reason for the fall off of sales is the lack of inventory in the all important $350,000 to $500,000 range. During the month the condo overall inventory rose to about 150 available properties but of those less than 50 were priced below $500,000 and of those approximately 50 condos about 15% were the affordable properties requiring income limitations on the buyers.
But, while the sales have declined for the past 5 months when you compare 09 to 10 for the 1st 2 months of the year the numbers of sales are almost double where we were last year and the numbers of opened escrows are up by almost 50%. But, with sales and escrows up, the median sales price declined from $478,500 last year to about $425,000 this year. Even so, the trend seems to be up with the median sales price rising in February to about $460,000 from $375,000 in January.
Looking at the Districts, Carpinteria/Summerland has a couple of more sales this year than it did last year and the median sales price is stable for both years at about $365,000. Montecito, after a dismal start last year has had 3 sales so far this year with a median sales price of $1,075,000.
East of State St has seen a big run up in sales more than doubling what occurred last year at this time but the median sales price has dropped almost in half falling from $625,000 in 09 to $323,500 in 10. It should be noted however that this big decline in the median sales price for the East of State St area is primarily because of a significant number of short sales in one particular complex. On the West Side of State St condo sales are about 2 ahead of last year but the median sales price has declined from $522,500 to about $450,000.
Goleta South has almost exactly the same numbers of sales as we saw in 09 but the median sales price has dropped from $452,000 last year to $347,500 this year and Goleta North has 4 more sales than it did last year with the median sales price holding firmly at about $460,000 for both years.
Condo sales will start to rise as we move into the second quarter and the median sales price level should continue to be around $450,000 to $475,000. In February of the 18 sales 14 were below $500,000 and of the 4 over $500,000, 2 were over $1 million. The condo market in Montecito after being very quiet for most of 09 seems to be moving forward again but 3 sales in 2 months cant be considered a huge trend. Sales in the rest of the Districts are also ahead of or equal to last years numbers.
Inventory remains the problem in the condo market. Of the approximately 150 condo listings from Carpinteria to Goleta about 50 of them or 1/3 are below $500,000 and with 75% of the sales coming from that below $500,000 segment of the market the inventory in that range continues to diminish. Despite a decline in the median sales price in January the prices seem to be basically stable and should continue that way for the foreseeable future with numbers of sales depending on whether the inventory starts expanding or continues to contract.
Gary Woods
The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory through February 18 there have been 24 total listings compared to 35 in 09. The new listings fell from 18 in 09 down to 9 in 10. The escrows dipped a little less from 8 last year to 6 this year but the sales went up from 1 in 09 to 3 in 10. The average sales price dropped however from $460,000 last year to $385,700 this year.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings through February 18 the listings are up to 94 from 74 last year with new listings rising from 29 in 09 to 38 in 10. The escrows rose slightly from 20 in 09 to 21 in 10 with sales falling from 18 last year to 15 this year while the average sales price dropped from $712,267 in 09 to $659,743 to 10.
The PUD market for the Santa Barbara Real Estate area of Goleta North the overall inventory through February went up from 4 in 090 to 9 this year while new listings rose from 1 to 5. Escrows also went up from 1 in 09 to 2 in 10 but both years have no sales.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 2 months of 10 for the Home Estate/PUD market there have 15 sales compared to only four in 09 and the median sales price for those 15 sales went up to $835,000 this year from $588,000 last year. The average sales price rose even further going from $569,000 last year to just over $1 million this year. The numbers of new listings has risen slightly from 28 in 09 to 31 in 10 and the escrows are up from 6 to 9. But the median list price of those 9 escrows is at $769,000 compared to 09 when it was about $670,000. Right now there are 74 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.5 million and an average list price of over $4 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first two months of 10 in the condo market there have been 8 sales compared to 6 last year and the median sales price has remained very close also going from $365,000 in 09 to $367,500 in 10. Theres a little more difference in the average sales price which was almost $400,000 last year and currently is about $360,000. The numbers of new listings is also very close together with 19 in 09 compared to 20 in 10. But the numbers of escrows is way up from 6 last year to 11 this year and even more interesting is the median list price for those escrow rose from about $255,000 last year to about $410,000 this year. Right now there are 27 condos available for purchase in Carpinteria/Summerland with a median list price of about $600,000 and an average list price of about $930,000.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through February 18 there have been a total 16 listings compared to 31 in 09. New listings are also down from 12 in 09 with 11 in 10. Escrows also fell from 5 last year to 4 this year but sales are up from 3 to 4. But the average sales price fell from $546,500 in 09 to $346,250 in 10.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through February 18 the numbers of listings fell from 66 in 09 to 45 in 10 with the numbers of new listings falling from 26 last year to 17 this year. Escrows have fallen by half from 14 to 7 but sales are equal with 9 in both years. But the average sales price dipped from $870,078 in 09 to $540,814 in 10.
The PUD market for the Santa Barbara Real Estate area of Goleta South through February 18 there were 4 listings last year compared to 2 this year and in 09 there were 2 listings compared to 1 this y ear. Both years had no escrows opened but in 09 there was 1 sale from $1,000,000 compared to this year when there have been no sales.