The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through April 22 there were 54 listings last year compared to 31 this year and 35 new listings last year compared to 25 this year. The escrows are also down falling from 22 in 09 to 18 in 10 but there were 12 sales in both years. The average sales price however dropped about $100,000 this year from approximately $460,000 in 09 to $367,500 in 10.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through April 22 there were 92 listings last year compared to 76 this year with 52 new listings in 09 compared to 48 in 10. The escrows are down slightly falling from 33 to 30 while the sales are up from 21 to 23. The average sales price has declined however falling from $763,510 to $709,166.
The PUD market for the Santa Barbara Real Estate area of Goleta South through April 22 there were 7 listings last year compared to 4 this year with 5 new listings in 09 compared to 3 in 10. But last year there were 3 escrows and this year there have been none and 1 sale last year with none this year. That 1 sale was for $1 million.
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 April 22 there were 42 listings last year compared to 36 this year but 23 new listings this year compared to 22 last year. The escrows are also up from 5 last year to 8 this year with the sales rising from 3 in 09 to 7 in 10. The average sales price has also gone up from about $2.5 million last year to about $3.2 million this year.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch 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 April 22 there have been 81 listings this year compared to 93 last year. But the new listings are actually up from 38 in 09 to 41 in 10. The escrows are way up however going from 15 in last year to 29 in 10 which the sales rising from 13 to 20. The average sales price however has declined over $100,000 dropping from $605,100 to 502.725.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through April 22 are down from 199 in 09 to 177 in 10. But the numbers of new listings is up from 108 to 118. The escrows are also up from 60 to 64 with the sales going from 46 last year to 53 this year. The average sales price is also up going from $895,693 to $907,618.
The PUD market for the Santa Barbara area of West of State St there were 0 listings last year but 1 this year with no new listings in either year and there were no escrows in either year and now sales in either year.
For Condos in the Santa Barbara Real Estatearea of East of State the total numbers of properties for sale this year through April 22 there have been 75 active listings this year compared to 92 last year with 40 new listings compared to 53 last year. The escrows are down by 1 however falling from 21 in 09 to 20 in 10 while the sales are way up going from 11 last year to 20 this year. The average sales price has declined however falling from $657,809 last year to just under $500,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through April 22 the listings are down from 289 in 09 to 276 in 10. The numbers of new listings has declined slightly from 172 last year to 163 this year but the numbers of escrows is up from 63 in 09 to 77 in 10 with the numbers of sales up from 41 to 61. The average sales price unlike the other areas is slightly above where it was last year going from $1.1 million to $1.11 million.
For the PUD market on the East Side of Santa Barbara there have been 5 total listings this year compared to 3 last year with the 3 new listings showing up this year compared to 2 last year. For both years there have been no escrows and no sales.
For Condos in the Santa Barbara Real Estatearea of East of State the total numbers of properties for sale this year through April 22 there have been 75 active listings this year compared to 92 last year with 40 new listings compared to 53 last year. The escrows are down by 1 however falling from 21 in 09 to 20 in 10 while the sales are way up going from 11 last year to 20 this year. The average sales price has declined however falling from $657,809 last year to just under $500,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through April 22 the listings are down from 289 in 09 to 276 in 10. The numbers of new listings has declined slightly from 172 last year to 163 this year but the numbers of escrows is up from 63 in 09 to 77 in 10 with the numbers of sales up from 41 to 61. The average sales price unlike the other areas is slightly above where it was last year going from $1.1 million to $1.11 million.
For the PUD market on the East Side of Santa Barbara there have been 5 total listings this year compared to 3 last year with the 3 new listings showing up this year compared to 2 last year. For both years there have been no escrows and no sales.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through April 22 the inventory has gone down from 35 last year to 32 to this and the new listings have fallen from 20 last year to 19 this year. But the numbers of escrows has gone way up from 1 in 09 to 6 in 10 with the numbers of sales rising from 1 last year to 5 this year. The average sales price is presently at $1,444,000 and last year the one sale was for $679,000.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate Real Estate through April 22 the inventory has gone down slightly from 334 last year to 329 this year with the numbers of new listings falling from 155 in 09 to 145 in 10. The escrows last year are way up however going from 34 last year to 46 this year with the sales slightly ahead with 35 this year compared to 33 last year and the average sales price has skyrocketed from about $2.5 million last year to over $4.5 million this year.
For the PUD market in Montecito there have been 9 active listings this year compared to 2 last year with 6 new listings coming on the market this year compared to 1 last year. But there is only 1 escrow opened this year compared to 0 last year and just 1 sales this year for $1.45 million compared to none last year.
For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through April 22 the inventory is down only a couple of properties going from 65 in 09 to 67 in 10. The new listings are actually up from 34 last year to 41 this year. The escrows are way up however rising from 18 last year to 25 this year and the sales are double where they were in 09 going from 9 to 18. The average sales price however has declined from about $410,000 last year to about $375,000 this year.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings through April 22 are down from 138 last year to 127 this year but the new listings have gone up from 58 last year to 63 this year. The escrows are up by only 2 rising from 18 to 20 in 10 but the sales are way up going from 13 last year to 24 this year. The average sales price has dropped by half however going from over $2 million last year to about $980,000 this year.
For PUDs in the Carpinteria/Summerland through April 22 there were 2 listings in both year and 2 new listings in both years. There were no escrows in both year and just 1 sale in each year for $591,000 in 09 and $905,000 in 10.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of Mar. 15 to Apr. 15 10 there were 13 sales with a median sales price of $710,000 and an average sales price of $777,153. Last year there were 8 sales with a median sales price of $720,000 and an average sales price of just over $1 million. This year the were 27 opened escrows with median list price of $729,000 and last year there were 13 opened escrows with a median list price of $799,000. In 10 there were 38 new listings with a median list price of $750,000 and in 09 there were 28 new listings with a median list price of $750,000. Right now there are 77 Home Estate/PUDs with a median list price of just under $1 million and an average list price of $2.16 million.
For the condo market in Goleta Real Estate North for the same period there were 4 sales this year with a median sales price of $409,500 and an average sales price of about $390,000. Last year there were 5 sales with a median sales price of $290,000 and an average sales price of about $315,000. This year there have been 7 opened escrows with a median list price of $419,000 and last year there were 3 opened escrows with a median list price of about $390,000. For the period were talking about there was 7 new listings with a median list price of $419,000 and last year there were 6 new listings with a median list price of $359,000. Right now there are 14 condos available for purchase in Goleta North with a median list price of $449,000 and an average list price of about $500,000.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from Mar. 15 to Apr. 15 10 there were 9 sales compared to 6 last year. But the median sales price went up from $607,500 last year to $676,000 this year. The average sales price also rose from $703,166 in 09 to $909,388 in 10. This year there have been 14 escrows opened with a median list price of $660,000 and last year there were 10 escrows opened with a median list price of $719,000. For this period there have been 17 new listings this year with a median list price of just under $700,000 and last year there were 15 new listings with a median list price of $849,000. Right now there are 42 Home Estate/PUDs available for purchase with a median list price of $975,000 and an average list price of about $1.1 million.
For the condo market in Goleta Real Estate South for the same period there were 6 sales this year compared to 5 last year but this year the median sales price was about $320,000 and last year it was about $390,000. The average sales price this year has been about $370,000 and last year it was $437,000. For 09 there were 10 opened escrows with a median list price of $309,000 and this year there were 12 opened escrows with a median list price of $329,000. For 09 there were 14 new listings with a median list price of $429,000 and in 10 there were only 9 new listings with a median list price of $339,900. Right now there are just 5 condos available for purchase in Goleta South with a median list price of $429,000 and an average list price of $428,200.
For the Santa Barbara Real Estate area of Hope Ranch Real Estatefor the period of Mar. 15 to Apr. 15 10 there were 3 sales with a median sales price of $1.85 million and an average sales price of $3.6 million. Last year there was 1 sale for $2.8 million. This year there was 1 escrow opened with a list price of $7.65 million and last year there were 2 escrows opened with a median list price of $2.2 million. This year there have been 2 new listings with a median list price of about $2.7 million and last year there were 4 new listings with a median list price of $2.2 million. Right now there are 19 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $4.65 million and an average list price of $6.16 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 Mar. 15 to Apr. 15 there have been 20 sales this year with a median sales price of $875,000 and an average sales price of $962,812. Last year there were 16 sales with a median sales price of about $690,000 and an average sales price of $767,493. This year there have been 17 escrows opened with a median list price of $919,000 and last year there were 19 escrows opened with a median list price of $885,000. For the time period there were 43 new listings that came on the market with a median list price of about $850,000 and last year there were 39 new listings with a median list price of $847,500. Right now there are 76 condos available for purchase with a median list price of $925,000 and an average list price of about $1.375 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estatethere were 6 sales this year with a median sales price of $569,500 and an average sales price of $532,166. Last year there were 5 sales with a median sales price of $715,000 and an average sales price of $650,460. This year there have been 4 escrows opened with a median list price of $479,000 and last year there were 7 opened escrows with a median list price of $535,000. For the time period there were 12 new listings with year with a median list price of $479,000 and last year there were 5 new listings with a median list price of $839,000. Right now there are 43 condos available for purchase on the West Side of Santa Barbara with a median list price of $525,000 and an average list price of $783,958.
For Santa Barbara Real EstateEast of State St for Home Estate/PUDs there were 14 sales from Mar. 15 to Apr. 15 10 with a median sales price of $857,500 and an average sales price of just under $1 million. Last year there were 16 sales with a median sales price of $967,500 and an average sales price of $1.14 million. This year there were 24 escrows opened with a median list price of $1.3 million and last year there were 26 escrows opened with a median list price of about $900,000. For 10 there were 48 new listings with a median list price of about $1.2 million and last year there were 54 new listings with a median list price of $1 million. Right now there are 125 available Home Estate/PUDs on the East Side of Santa Barbara with a median list price of $1.345 million and an average list price of $1.656 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estatethis year there have been 5 sales with a median sales price of $535,000 and an average sales price of $631,800. Last year there were 2 sales with a median and average sales price of just under $700,000. This year there have been 6 opened escrows with a median list price of $695,000 and last year there were 8 opened escrows with a median list price of just under $500,000. For 10 there have been 9 new listings with this year with a median list price of $779,000 and last year there were 12 new listings with a median list price of $605,000. Right now there are 44 condos available for purchase on the East Side of Santa Barbara with a median list price of $645,000 and an average list price of $842,605.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 11 sales for the period of Mar. 15 to Apr. 15 10. The median sales price for those sales was about $2.6 million and the average sales price was $4.23 million. Last year there were also 11 sales but the median sales price then was about $1.9 million with an average sales price of about $2.22 million. This year there were 15 opened escrows with a median list price of about $2.8 million and last year there were 7 escrows opened with a median list price of about $2.4 million. For 09 there were 44 new listings with a median list price of $2.85 million and last year there were also 44 new listings with a median list price of about $2.9 million. Right now there are 186 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.7 million and an average list price of over $5 million.
For the Condo market in Montecito Real Estate for the same period there was 1 sale this year for $1.1 million and last year there were no sales. There was also 1 opened escrow this year with a list price of $1.395 million and last year there were no escrows opened. In 09 there were 3 new listings with a median list price of $1.275 million and this year there were 6 new listings with a median list price of $1.475 million and an average list price of $1.5 million. Right now there are 22 condos available for purchase in Montecito with a median list price of $1.475 million and an average list price of $1.5 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 Mar. 15 to Apr. 15 10 there were 7 sales compared to 6 sales last year. The median sales price last year was $687,500 and this year it was $595,000. The average sales price also fell from $1.8 million in 09 to $883,571 this year. There were 5 escrows opened this year with a median list price of $679,000 and last year there were 3 opened escrows opened with a median list price of a whopping $6.85 million. There were 18 new listings this year with a median list price of $715,000 and last year there were 20 new listings with a median list price of $1,095,000. Right now there are 72 Home Estate/PUDs available for purchase with a median list price of about $1.2 million and an average list price of $3.8 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 5 sales this year with a median sales price of $395,000 and an average sales price of $378,000. Last year there were 2 sales with a median and average sales price of $346,250. In 09 there were 6 escrows opened with a median list price of just under $400,000 and this year there were 9 escrows opened with a median list price of $429,000. Right now there are 27 condos available for purchase in Carpinteria/Summerland with a median list price of $575,000 and an average list price of just under $900,000.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/10 to 4/9/10 there were 36 sales compared to 35 last year and the median sales price is very close together also. In 09 the median sales price was $700,000 and this year its $692,500. The average is a little farther apart posting a $775,000 last year and a $725,000 this year. Those 36 sales took on average 61 days to get an accepted offer and with another 49 days of average escrow time it adds up to a total marketing time of 110 days.
For Goleta Real Estate North condos there have been 9 sales this year compared to 7 last year and the median sales price has risen from $300,000 last year to $455,000 this year and the average sales price has gone up from about $350,000 last year to about $377,888 this year. Those 9 sales took on average 51 days to get an accepted offer and with another 34 days of escrow time added in it gives us a total marketing time of 85 days.
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 April 9, 2010 there were 17 sales compared to 18 last year. The median sales price dropped from $655,000 last year to $625,000 this year with the average sales price declining from $788,872 in 09 to $751,460 this year. Those 17 sales took on average 59 days to get an accepted offer and another 59 days of average escrow time for a total marketing time of 118 days.
For Condominiums for Goleta Real Estate South for the same time period there were 8 sales this year compared to 9 last year but the median sales price fell from $388,500 last year to $323,500 this year. The average sales price declined even further from $483,722 in 09 to $352,000 in 10. Those 8 sales took on average 43 days to get an accepted offer and when you add in another 69 days of average escrow time you get a total marketing time of 112 days.
Santa Barbara Real Estate Statistics
For Hope Ranch Real EstateHome Estate/PUDs from January 1, 10 to April 9, 10 there were 5 sales this year compared to 2 last year. The median sales price also rose from $2.5 million last year to about $3.5 million this year with the average sales rising from $2.5 million last year to $3.6 million this year. Those 5 sales on average took 140 days to get an accepted offer with an average escrow time of 52 days for a total marketing time of 192 days.
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, April 9, 2010 there were 42 sales compared to 38 last year. But last year the median sales price was just over $700,000 and this year its just over $800,000. The average sales price however is right at $877,000 for both years. Those 42 sales on average took 68 days to get an accepted offer and when you add in another 50 days of average escrow time you get a total marketing time of 118 days.
For Condominiums on the West Side of Santa Barbara Real Estatefor the same time period there were 16 sales this year compared to 10 last year. But the median sales price fell from $522,500 last year to $455,500 this year. The average sales price also declined from $594,000 last year to $492,000 this year. Those 16 sales took on average 99 days to get an accepted offer with another 52 days of average escrow time for a total marketing time of 151 days.
Santa Barbara Real Estate Statistics
For the East of State St for Santa Barbara Real EstateHome Estate/PUDs for January 1 10 to April 9 10 there were 49 sales compared to 18 last year. But the median sales price fell from $960,000 in 09 to $865,000 in 10. The average sales price didnt fall as far however dipping from $1,030,000 last year to $1,071,000 this year. Those 49 sales took on average 97 days to get an accepted offer with an average escrow time of 43 days for a total marketing time of 140 days.
For Condominiums in the East of State St area of Santa Barbara Real Estatefor the same time period there were 18 sales this year compared to 9 last year. The median sales price dropped however from $573,000 last year with an average sales price of $645,100 to $424,500 median this year with an average sales price of $473,666. Those 18 sales took on average 98 days to get an accepted off and when you add in another 68 days of average escrow time you can a total marketing time of 166 days.
Santa Barbara Real Estate Statistics
From January 1 10 to April 9 10 for Home Estate/PUDs in Carpinteria Real Estate/ Summerland Real Estate there were 20 sales compared to 8 in 09 and the median sales price rose from $618,000 last year to about $850,000 this year. The average sales price fell however from $1.5 million last year to just over $1 million this year. Those 20 sales took on average 103 days to get and accepted offer and with another 72 days of average escrow time the total marketing time was 175 days.
For Condominiums in Carpinteria Real Estate/ Summerland Real Estate for the same time period there were 16 sales in 10 compared to 9 in 09 but the median sales price fell slightly from about $390,000 last year to just under $380,000 this year. The average sales price fell farther from about $410,000 last year to approximately $365,000 this year. Those 16 sales took on average 41 days to get an accepted offer and when you add in the 84 days of average escrow time you get on average 125 days of total marketing time.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 3 months of 10 there have 31 sales this year compared to 34 last year and the median sales price has dropped from about $707,000 last year to $680,000 this year. The average sales price has also gone down from $777,000 last year to $725,000 this year. The numbers of escrows rose however from 36 in 09 with a median list price of $779,000 to 43 this year with a median list price of $749,000. Right now there are 79 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $1 million and average list price of about $2.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first three months of 10 there have been 7 sales compared to 5 last year. The median sales price is also close together dipping slightly from $460,000 in 09 to $455,000 in 10. The average sales price is a little farther apart falling from about $380,000 last year to about $360,000 this year. The numbers of escrows is also very close together dropping from 13 in 09 with a median list price of about $360,000 to 12 this year with a median list price of about also about $360,000. Right now there are 13 condos available Goleta North with a median list price of $419,000 and an average list price of about $490,000.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 3 months of 10 there have been 15 sales with median sales price of about $600,000 compared to 09 when there were 18 sales with a median sales price of $655,000. The average sales price is a little closer together however dropping from about $790,000 last year to about $760,000 this year. The numbers of escrows is farther apart however dropping from 22 last year to 17 this year with the median list price of those escrows rising from $659,000 last year to $729,000 this year. Right now there are just 35 Home Estate/PUDs available for purchase in Goleta South with a median list price of $925,000 and an average list price of $1.08 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first three months of 10 there have been 7 sales compared to 09 when there were 6. The median sales price has dropped substantially however from $372,000 last year to $260,000 this year while the average sales price has also fallen from $480,000 last year to $347,000 this year. The numbers of escrows shows a slight bulge this year going up from 11 to 13 but the median list price fell from $399,000 in 09 to about $295,000 this year. Right now there are just 8 condos available for purchase in Goleta South with a median list price of $309,000 and an average list price of about $370,000.
For Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estatefor the Home Estate/PUD market the number of sales rose to the high 60s in March from the mid 40s in February. The median sales price also came up and has risen every month from the first of the year when it was $762,000 in January, just below $800,000 in February and right about $890,000 in March. The average sales price continued to hover right around $1.25 million for both February and March falling from approximately $1.3 million in January.
The sales price to original list price ratio also came up in March finishing in the high 80th percentile which is a big jump from where we started the year at 75% in January and rising to the high 70th percentile in February.
What really came up for the month was the numbers of opened escrows. Starting in January escrows were in the low 50s followed by February which saw pending properties rise to 65 and in March that number rose to over 100. The median list price of those opened escrows fell back slightly however dipping from just below $900,000 in February to right around $880,000 in March. What did not come up much was the inventory which rose by less than 5% from the previous month putting it in the mid 500 bracket. The median list price of those available properties did drop however coming down about $100,000 to approximately $1.7 million.
For the first 3 months of 10 compared to the same period for 09 the numbers of sales is up by about 20% rising to the mid 170s. But, the median sales price is down slightly falling from $822,500 last year to about $812,500 this year. Interestingly, the average sales price went up this year from $1,185,336 in 09 to about $1.27 million this year. With the numbers of sales rising the numbers of escrows are also up about 20% and the median list price on those escrows is up from $859,000 last year to about $875,000 this year.
Looking at the Districts, starting out in Carpinteria/Summerland the numbers of sales are still more than triple what they were last year at this time rising from 6 in 09 to 19 in 10. The median sales price also came up from just below $600,000 last year to about $850,000 this year. In Montecito the amount of sales activity is the same for both years with 24 closed transactions but the median sales price has declined from $2.5 million last year to $2.1 million this year. The numbers of escrows are way up this year however rising from 24 in 09 to 32 in 10 with the median list price on those opened escrows falling from about $2.8 million last year to just under $2 million this year.
On the East Side of Santa Barbara sales have gone up from 33 in 09 to 47 in 10 but the median sales price fell from $970,000 last year to about $903,000 this year. For the West Side sales rose from 34 last year to 39 this year and the median sales price has come up for the area from $725,000 last year to $780,000 this year.
Hope Ranch has seen sales go from 2 last year to 5 this year and the median sales price has gone from $2.365 million in 09 to about $3.5 million this year. Goleta South sales are down slightly from 18 to 16 this year and the median sales price has declined from $655,000 in 09 to $606,000 in 10. Goleta North sales are right where they were last year with 33 sales in both years with the median sales price also dropping from $707,500 last year to $682,500 this year.
With both sales and escrows rising about 20% for the year the median sales price is slightly behind where it was last year following a very slow start pricewise this year. The median sales price looks like it should start going up gradually however with more sales occurring in the $1 to $2 million and the $2 million and up range.
For the condo market after seeing declining numbers of sales for the past 5 months sales started to rise in March going from 18 in February to 26 in March but the median sales price declined for the month dropping from $457,500 in February to $417,500 in March. The numbers of condos going into escrow also rose in March coming up from 25 in February to 40 in March but the median list price on those condos going into escrow fell from just under $500,000 in February to about $420,000 in March.
Comparing the first quarter of 09 to the same period in 10 the numbers of sales is way up going from 36 last year to 65 this year for an 80% rise. But, the median sales price has declined from $483,750 last year to $420,000 this year for a 13% drop. The numbers of escrows is also way up with 91 this year compared to 62 in 09 for a 47% rise while the median list price on those escrows is down by 11% falling from $489,000 last year to $434,900 this year.
Somewhat surprisingly, the condo inventory did not come up substantially for the month remaining in the low 140 range for Carpinteria to Goleta but the median list price of the inventory rose from just under $600,000 to about $630,000 during March.
Looking at the Districts we see that sales are still robust in Carpinteria/Summerland rising from 8 last year to 14 this year but the median sales price has fallen from $436,250 in 09 to $386,850 in 10. In Montecito there have been 5 condo sales this year with a median sales price of $1,075,000 compared to no sales last year.
On the East side of Santa Barbara sales are also way up rising from 8 last year to 16 this year but the median sales price has declined from $573,000 in 09 to $417,500 in 10. The West Side has also seen a rise in the numbers of sales coming up from 10 in 09 to 17 in 10 but the median sales price has declined from $522,500 to $443,000.
For Goleta South the numbers of sales is up 1 from last year rising from 6 in 09 to 7 in 10. But the median sales price for the area declined from $372,000 last year to $260,000 this year. Sales in Goleta North are also up rising from 5 in 09 to 7 in 10 with the median sales price remains essentially stable but falling slightly from $460,000 last year to $455,000 this year.
Sales are starting to rise for the condo market as we move into spring with about 1/3 of those sales in March coming in the $500,000 and up range. A big part of that rise is coming from Montecito where we have 5 sales this year compared to none last year but the sub $300,000 range is also well represented with the median sales price for Carpinteria/Summerland and Goleta South still falling.
Sales are up for both Home Estate/PUDs and Condos but the median sales price has declined for both property types. Theres some upward pressure for Home prices below $1 million and more activity in the higher priced condos should bring up the median sales price for that category. Increased inventory is still the key to maintaining momentum particularly in that $650,000 to $900,000 range for homes and the sub $500,000 range for condos.
Gary Woods
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 3 months of 10 there have been 4 sales compared to 2 last year and the median sales price has gone up from about $2.365 million in 09 to about $3.6 million in 10. The average sales price also rose from that $2.365 million mark to over $4 million this year. The numbers of escrows is also about double what it was last year rising from 4 to 7 but the median list price on those escrows fell from $2.65 million in 09 to just below $2 million this year. Right now there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of about $4 million and an average list price of about $6.1 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first three months of 09 in the Condo market there was no activity
For the Santa Barbara Real Estatearea of West of State St for the first 3 months of 09 and 10 there were 34 sales for both years. The median sales price has risen slightly from $725,000 last year to $772,000 this year. The average sales price declined however from about $910,000 last year to $820,000 this year. The numbers of escrows shows a bulge this year rising from 44 in 09 to 49 in 10 and the median list price on those escrows went up from $749,000 to $829,000 this year. Right now there are just 69 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of about $950,000 and an average list price of over $1.4 million.
For the Santa Barbara Real Estatearea of West of State St for the first three months of 10 there have been 16 sales compared to 10 last year with the median sales price dropping from about $520,000 last year to about $440,000 this year. The average sales price also went down from about $590,000 in 09 to about $480,000 this year. The numbers of escrows has doubled however going from 13 to 26 while the median list price on those escrows came down from $535,000 in 09 to about $500,000 this year. Right now there are just 41 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 $820,000.
For the Santa Barbara Real Estate area of East of State St for the first 3 months of 10 there have been 43 sales this year compared to 29 last year. But the median sales price has fallen from $970,000 in 09 to about $890,000 this year. The average sales price is much closer together however with last year posting a $1.019 million mark and this showing up at $1.08 million. The numbers of escrows also shows a bulge this year with 50 compared to last year when it was 35. But the median list price on those escrows fell from $1.039 million last year to $925,000 this year. Right now there are 119 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.4 million and an average list price of about $1.7 million.
For the Santa Barbara Real Estate area of East of State St for the first three months of 10 there have been 16 sales this year compared to 7 last year. But the median sales price dropped from $573,000 last year to $417,500 this year. The average sales price declined even further falling from about $630,000 in 09 to about $420,000 this year. The numbers of escrows is a lot closer together however rising from 14 in 09 to 15 in 10 but the median list price last year was $539,000 compared to $499,000 this year. Right now there are 40 condos available for purchase on the East Side of Santa Barbara with a median list price of $645,000 and an average list price of $855,000.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 3 months of both 09 and10 there were 21 sales. But the median sales price last year was $2.5 million while this year its been $2.1 million. The average sales price has gone up however from $2.6 million last year to $3.25 million this year. There are more escrows opened this year however with 32 so far with a median list price of about $2 million compared to last year when there are 24 opened escrows with a median list price of about $2.8 million. Right now there 177 Home Estate/PUDs available for purchase in Montecito with a median list price of about $4 million and an average list price of about $5.25 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first three months of 10 there have been 5 sales with a median sales price of about $1 million and an average list price of about $1.45 million. Last year there were no sales. Also this year there have been 5 opened escrows with a median list price of $1.2 million while last year there was 1 escrow with a list price of $729,000. Right now there are 19 condos available for purchase in Montecito with a median list price of about $1.3 million and an average list price of about $1.5 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 3 months of 10 there have been 20 sales compared to 6 in 09 and the median sales price has gone from about $600,000 last year to about $850,000 this year. The average sales price fell however from about $1.56 million in 09 to just over $1 million this year. The escrow are about the same for both years going up from 13 in 09 to 14 in 10 and the median list price on those escrows is also close going up from about $675,000 last year to about $680,000 this year. Right now there are 69 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,347,000 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 three months of 10 there have been 14 sales compared to 8 the previous year but the median sales price has dropped about $435,000 in 09 to about $385,000 this year. The average sales price also fell from $435,000 last year to $385,000 this year. The number of escrows almost doubled this year going up from 10 to 19 but the median list price on those escrows declined from about $450,000 to about $410,000. Right now there are 26 condos available for purchase in Carpinteria/Summerland with a median list price of $570,000 and an average list price of about $920,000.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through March 24, 2010 there have been 29 sales compared to 33 last year and the median sales price has drifted downward from $715,000 to $685,000 for a 0.7% decline.
The gap between the median list price of $1.49 million and the median sold price of $685,000 is 34.7% compared to 09 when there was a $1.099 million list price and a $715,000 median sold price for a 34.9% differential.
For the condo market in Goleta Real Estate North through March 24, 2010 there have been 6 sales compared to 5 last year. The median sales price is also very close together slipping slightly from $460,000 last year to $457,000 this year.
The gap between the median list price of $429,000 and the median sold price of $457,000 gives us a positive 6.5% bulge compared to last year then the median list price was $439,000 and the median sold price was $460,000 for a positive 4.8% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through March 24, 2010 there have been 13 sales compared to 16 last year. The median sales price has also declined from $702,500 last year to $590,000 this year for a 16% drop.
The gap between the median list price of $899,000 and the median sold price of $590,000 gives us a 34.4% gap this year compared to 09 when there was about a about $1.1 million median list price and a $702,50a0 median sold price for a 36.1% differential.
For the condo market in Goleta Real Estate South through March 24, 2010 there have been 6 sales this year which is exactly what occurred last year to this point. The median sales price is also very close together falling slightly from $372,000 last year to $362,500 this year for a 2.6% drop.
The gap between the median list price of about $379,500 and the median sold price of $362,500 in 10 is just 4.5% compared to 09 when there was a $475,000 median list price and $372,000 median sold price for a 21.7% bulge.
Santa Barbara Real Estate Statistics