For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through May 20 there have been 31 sales compared to 30 last year. But the median sales price has dropped a little from $690,000 in 09 to $625,000 in 10
The gap between the median list price of $899,000 and the median sold price of $625,000 gives us a 30.5% gap this year compared to 09 when there was about a about $1.17 million median list price and a $690,000 median sold price for a 41% differential.
For the condo market in Goleta Real Estate South through May 20 there have been 17 sales compared to 18 last year. But the median sales price dropped from about $400,000 to just under $300,000 for a 26% decline
The gap between the median list price of about $429,000 median list price and the $295,000 median sold price is 31%. Whereas last year the median list price was $490,000 compared to the median sold price of $399,250 gives us a 18% gap.
For Santa Barbara Real Estate Hope Ranch Real Estate for the Home Estate/PUD market through May 20 there have been 10 sales compared to 5 last year and the median sales price has risen from $2.5 million last year to $3.23 million this year for a 26% rise.
The gap this year of the median list price of about $3.45 million and the $3.23 million sales price is just 6.2% compared to last year when the median list price was $2.55 million and with the median sold price as $2.55 million theres just a 0.2% rise.
For Santa Barbara Real Estates Hope Ranch Real Estate area for the period of Jan.1 through April 15 for Condos there was no activity.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through May 20 there have been 61 sales compared to 54 last year for a 13% rise and the median sales price has risen slightly from $775,000 last year to $800,000 this year.
The gap between the median list price of $$1,069,000 and the median sales price of $800,000 is 25% compared to last year then the median list price was just under $1 million and the median sales price was $775,000 for an 18% gap.
For the Santa Barbara Real Estate West Side condo market there have been 28 in 10 compared to 18 in 09 for a 44% rise. But the median sales price has dropped from about $510,000 last year to $450,000 this year for a 12% decline.
The gap of the median list price of $570,000 and the $450,000 median sold price is 20% compared to last year when the median list price was $650,000 and the median sold price of $510,000 gives us a 21% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through May 20 there have been 77 sales compared to 57 last year for a 64% rise. The median sales price has remained stable however going up slightly from $920,000 last year to $930,000 this year.
The gap between the median list price of $1.3 million median list price and the $930,000 median sold price gives a gap of 34%. Whereas last year there was also a $1.3 million median list price and the median sold price of $920,000 gives us a 25% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through May 20 there have been 25 sales compared to 15 last year. But the median sales price has dropped from about $540,000 last year to $430,000 this year.
The gap for 10 with a median list price of $675,000 and the $430,000 median sold price is 36%. Last year the almost $700,000 median list price and the $539,000 median sold price.
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through May 20 there have been 42 sales compared to last year when there were 35 this is a 60% rise. But the median sales price is basically flat, falling slightly from $2.5 million last year to $2.492 million this year.
The difference between the median list price of $3.45 million and the median sold price of about $2.5 million gives us a 28% gap. Last year the median list price was $3.6 million and compared to the median sold price of $2.5 million gives us a 30% gap.
For the condo market in Montecito Real Estate through May 20, 2010 there have been 6 sales with a median sales price of $1,087,500 compared last year when there was 1 sale for $679,000.
The gap between the median list price of $869,900 and the median sold price of $1,087,500 is a positive 25%. Last year the median list price of about $1.6 million and the sold price on that 1 sale of $679,000 gave us a gap of about 55%.
For Santa Barbara Reals
Carpinteria Real Estate/ Summerland Real Estate for the Home Estate/PUD market the median sales price through May 20 is about $850,000 up from approximately $635,000 for a 33% rise. The sales also went up from 16 last year to 28 this year for a 75% rise.
The difference between the median list price of $1.1 million and the median sales price of $850,000 is about 23% compared to last year when the median list price was $1.2 million and when combined with a median sales price $635,000 gave us almost a 50% gap.
For the
Carpinteria Real Estate/Summerland Real Estate condo market there have been 24 sales this year compared to 12 last year but the median sales price dropped from about $420,000 last year to approximately $395,000 this year for a 6.3% drop.
The median list price this year is $575,000 and when compared to the $395,000 median sales price it gives you a gap of 31.6%. Last year the median list price was just under $500,000 and compared to the median sold price in 09 of about $420,000 we had a 52% gap.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/10 to 5/14/10 there were 53 sales compared to 49 last year and the median sales price has dipped slightly from $715,000 last year to $710,000 this year. The average sales price has dropped farther from $808,000 last year to $765,000 this year. Those 53 sales took on average 72 days to get an accepted offer with another 45 days average escrow time you get a total marketing time of 117 days.
For Goleta Real Estate North condos there have been 14 sales this year compared to 12 last year and the median sales price has risen from $330,000 last year to $405,000 this year and the average sales price has gone up from about $364,833 last year to about $384,178 this year. Those 14 sales took on average 58 days to get an accepted offer and with another 31 days of escrow time added in it gives us a total marketing time of 89 days.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 10 to May 14, 2010 there were 29 sales compared to 28 last year and the median sales price has fallen from about $700,000 last year to $650,000 this year. The average sales price has also come down from about $790,000 last year to $740,000 this year. Those 29 sales took on average 60 days to get an accepted offer and when you add in another 55 days of escrow time you have a total marketing time of 115.
For Condominiums for Goleta Real Estate South for the same time period there were 17 sales this year compared to 15 last year. The median sales price has dropped from $429,000 last year to just under $300,000 this year with the average sales price declined about $100,000 from $462,100 last year to $360,682 this year. Those 17 sales took on average 42 days to get an accepted offer and adding in another 53 days of average escrow time gives you a total marketing time of 95 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 10 to May 14, 10 there were 10 sales compared to 5 this year and the median sales price has risen from $2.556 million last year to $3.23 million this year. The average sales price is also but even farther rising about $1 million from $2.88 million last year to $3.83 million this year. Those 10 sales took on average 110 days to get an accepted offer and when you add in another 50 days you get an average marketing time of 160 days.
For Condominiums in Hope Ranch Real Estate there was no activity.
For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of January 1, May 14, 2010 there were 59 sales compared to 54 last year and the median sales price has gone up $25,000 to $800,000 this year. The average sales price is about equal also rising only slightly from about $880,000 last year to about $900,000 this year. Those 59 sales took on average 62 days to get an accepted offer and when you add in another 45 days of escrow time you get a total marketing time of 107 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there were 24 sales this year compared to 16 last year but the median sales price has gone down from about $500,000 last year to $455,500 this year. The average sales price has also gone down from $565,000 last year to about $490,000 this year. Those 24 sales took on average 79 days to get an accepted offer and when you add in another 45 days of average escrow time you get a total marketing time of 124 days.
For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for January 1 10 to May 14 10 there were 73 sales compared to 51 last year and the median sales price has risen from $900,000 last year to $950,000 this year. The average sales price has also gone up to about $1.2 million from $1.054 million. Those 73 sales took on average 93 days to get an accepted offer and another average 43 days of escrow time to get a completed sale for a total of 136 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 23 sales compared to 14 last year but the median sales price has dropped from about $520,000 last year to $430,000 this year. The average sales price has also come down from about $620,000 last year to $585,000 this year. Those 23 sales took on average 97 days to get an accepted offer and another 67 average days of escrow time for a total marketing time of 164 days.
From 1/1/10 to 5/14/10 in Montecito Real Estate for the Home Estate/PUD market there were 41 sales compared to 32 last year but the median sales price is the same for both years at about $2.4 million. The average sales price went way up however to $4.76 million compared to $2.5 million last year. Those 41 sales took on average almost 180 days to get an accepted offer but just 30 days to close escrow giving us a total marketing time of 240 days.
For Condominiums for the same time period in Montecito Real Estate this year there were 6 sales this year with a median sales price of $1,087,500 and an average sales price of $1,407,500 compared to 1 sale last year with a sales price of $679,000. Those 6 sales on average took 137 days on average to get an accepted offer and just 31 days of escrow time for a total marketing time of 168 days.
From January 1 10 to May 14 10 for Home Estate/PUDs in Carpinteria Real Estate/Summerland Real Estate there were 28 sales compared to 15 in 09 and the median sales price has risen from about $635,000 last year to about $850,000 this year. The average however has declined from almost $1.8 million last year to about $1.5 million this year. Those 28 sales took on average almost 140 days to get an accepted offer and when you add in another almost 60 days for escrow time it took a total of 200 days on average to complete a transaction.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 24 sales compared to 12 last year but the median sales price fell from about $420,000 last year to about $390,000 this year. The average however is exactly where it was last year at $404,000. Those 24 sales took on average 55 days to get an accepted offer and when you add in another 70 days for escrow time it took about 125 days to complete a condo Carpinteria/Summerland transaction.
For Goleta Real Estate North area for the Home Estate/PUD market through May 7 there are 84 properties on the market with an average list price of just under $2 million. The most expensive listing is on the market for $22 million while the least expensive listing is on the market for $245,000 giving us a median list price of just under $1 million.
There are 34 that are in escrow right now with an average list price for those homes of about $900,000. The highest priced home in escrow is listed for just under $3.9 million while the least expensive home in escrow is listed for about $530,000 giving us a median list price on properties in escrow of $739,000.
Through May 7 there have been 51 Home Estate/PUD sales in Goleta South with an average sales price of $770,000. The most expensive sale was for $2.1 million while the least expensive sale was for $450,000 giving us a median sales price of $710,000.
For the condo market in Goleta Real Estate North through May 7 there are just 13 properties available for sale with an average list price of just over $500,000. The highest priced condo on the market is listed for just under $1 million while the least expensive listing is just under $290,000 giving us a median list price of about $450,000.
Right now there are 10 condos in escrow with an average list price of about $411,000. The highest priced condo in escrow is listed for about $710,000 while the least expensive condo in escrow is listed at $228,100 giving us a median list price of condos in escrow of just under $400,000.
Through May 7 there have been 14 condo sales in Goleta North with an average sales price of about $385,000. The most expensive condo that sold went out at $535,000 while the least expensive condo sold for $201,800 giving us a median sold price of $400,000.
In the Goleta Real Estate South area through May 7 there are 34 Home Estate/PUDs available for purchase with an average list price of just over $1 million. The most expensive home on the market in the area is listed for $2.2 million while the least expensive home is on the market for just under $500,000 giving us a median list price of $939,000.
There are 23 homes in escrow with an average list price of about $760,000. The highest priced home in escrow is listed for $1.845 million while the least expensive home is on the market for just $260,000 giving us a median list price for homes in escrow of about $690,000.
Through May 7 there have been 26 sales with an average sales price of about $725,000. The most expensive sale was for $2.25 million while the least expensive sale was for about $375,000 giving us a median sold price of $625,000
For condos on the South Side of Goleta Real Estate through May 7 there are just 7 properties available for sale with an average list price of about $450,000. The highest priced listing in the area is on the market for just under $700,000. The least expensive active property is on the market for just under $300,000 giving us a median list price of about $430,000.
There are 9 condos in escrow with an average list price of $371,698. The highest priced condo in escrow is listed at $550,000 while the least expensive condo in escrow is listed for about $240,000 giving us a median list price for condos in escrow of $340,000.
There have been 17 condo sales in Goleta South through May 7 with average sales price of about $360,000. The most expensive condo sale was for just under $600,000 and the least expensive sale was for $215,000 giving us a median sales price of just under $300,000.
For Hope Ranch Real Estate for Home Estate/PUDs through May 7 there are 20 Home Estate/PUDs available for purchase with an average list price of just under $6 million. The highest priced listing is one the market for $28.5 million while the least expensive listing is on the market for just under $1.5 million giving us a median list price for the area of just under $4 million.
Right now there is just 1 property currently in escrow that is listed for $1,795,000
Through January there have been 9 homes that have closed escrow for an average sales price of just over $4 million. The highest priced sale was for $7.35 million while the least expensive sale was for $1.6 million giving us a median sales price for Hope ranch of $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 May 7 there are 79 Home Estate/PUDs available for purchase with an average list price of about $1.5 million. The most expensive home on the market is listed for about $7.3 million while the least expensive property can be purchased for just under $400,000 giving us a median list price for the area of about $1.12 million.
There are 33 properties currently in escrow with an average list price of about $1.02 million. The highest priced property in escrow is listed for $3.175 million while the least expensive property is listed at just under $400,000 giving us a median list price for the homes in escrow of $820,000.
So far in 10 there have been 57 home sales on the West Side with an average sales price of just under $900,000. The highest priced sale was for $2.15 million while the least expensive sale was for $405,000 giving us a median sold price for the area of $785,000.
For the Condo market on the West Side of Santa Barbara Real Estate through May 7 there are 50 properties available for purchase with an average list price of about $790,000. The highest priced condo is listed for $2.75 million while the least expensive condo can be purchased for $375,000 giving us a median list price of $560,000.
There are 14 condos in escrow on May 7 with an average list price of about $550,000. The highest priced condo in escrow is listed for just under $1 million while the least expensive condo in escrow is listed for $375,000 giving us a median list price of condos in escrow of about $520,000
Through May 7 there have been 21 condo sales on the West Side of Santa Barbara with an average sales price of about $500,000. The most expensive condo sale was for $735,000 while the least expensive sale was for $342,000 giving us a median sold price for the area of $460,000.
For the East of State St area of Santa Barbara Real Estate through May 7 there are 123 Home Estate/PUDs available for purchase with an average list price of about $1.75 million. The most expensive listing is on the market for $10.5 million while the least expensive home is listed at just under $320,000 giving us a median list price for the area of about $1.4 million.
There are currently 42 homes in escrow with an average list price of about $$1.2 million. The most expensive property in escrow is listed at $8.9 million while the least expensive property is listed at $325,000 giving us a median list price for homes in escrow of $1.15 million.
Through May 7 there have been 70 sales with an average sales price of about $1.2 million. Topping the charts is a home that sold for $4.17 million while the least expensive home sold for just $275,000 giving us a median sales price for the area of about $925,000.
The condo market for the East Side of Santa Barbara Real Estate through May 7 there are 40 properties available for purchase with an average list price of about $785,000. The most expensive condo on the East Side is listed at about $1.7 million while the least expensive property can be had for just $315,500 giving us a median list price of $675,000
There are 14 condos in escrow right now with an average list price of about $580,000. The most expensive condo currently in escrow is listed for $1.5 million while the least expensive condo was on the market for about $405,000 giving us a median list price for condos currently in escrow of approximately $475,000.
This year through May 7 there have been 22 condo sales with an average sales price of about $600,000. The most expensive condo that sold went out for $2.75 million while on the other end of the spectrum was one that sold for just $290,000 giving us a median sold price for the area of $430,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through May 7 there are 200 Home Estate/PUDs available for purchase with an average list price of about $5 million. The most expensive listing is on the market for $43 million while the least expensive listing is on the market for just $834,000 giving us a median list price of $3.4 million
With all those listings we have 19 homes that are in escrow right now with an average list price of just over $4 million. The highest priced home in escrow is listed at $12.5 million while the least expensive home is on the market for $875,000 giving us a median list price for homes in escrow of $2.15 million.
Through May 7 there have been 38 sales with an average sales price of about $4.1 million. Topping the list is a property that sold for $15.5 million while at the other end of the scale is one that went out at $685,000 giving us a median sold price for the year of $2.15 million.
For the Condo market in Montecito Real Estate there are currently 21 available for purchase with an average list price of just over $1.5 million. The most expensive condo is available for just under $3 million while the least expensive condo is listed at just under $700,000 giving us a median list price of about $1.5 million.
Right now there are 3 condos in escrow in Montecito with an average list price of about $1 million. The most expensive condo on the market is listed at about $1.5 while the least expensive property is listed for about $600,000 which gives us a median list price for condos in escrow of about $870,000
There have been 6 condo sales in Montecito this year with an average sales price of $1.4 million. Topping the list is a property that sold for $3 million while the least expensive condo went out at just under $1 million giving us a median sold price for the area of $1,075,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through May 7 there were 71 active properties with an average list price of about $3.5 million. The highest priced listing is on the market for $29 million while the least expensive property can be had for $257,900. When you put it all together you get a median list price of an amazing $1.2 million.
In escrow currently there are 5 homes with an average list price of $710,000. The most expensive property currently in escrow is listed for $1,347,000 while the least expensive property was on the market for $505,000. The median list price on homes currently in escrow is $565,000.
Looking at Sold properties through May 7 there have been 27 sales with an average sales price of about $1.54 million. Topping the list is a home for over $16 million while at the other end of the spectrum is one that went out at $367,500 giving us a median sales price of $835,000.
For the condo market in Carpinteria Real Estate/Summerland Real Estate 32 properties are available for purchase with an average list price of about $850,000. The most expensive active condo is listed for about $4.3 million while at the other end of the scale is one on the market for just under $300,000 which gives us a median list price for the area of $570,000.
In escrow right now are 10 properties with an average list price of about $510,000. The most expensive condo currently in escrow is listed at $719,000 while the least expensive property is on the market for about $255,000 giving us a median list price of condos in escrow of about $450,000
Through May 7 there have been 22 sales with an average sales price of about $380,000. The most expensive condo sold for $600,000 while the least expensive condo sold for $225,000 giving us a median sales price of $386,500.
For the Santa Barbara Real Estate area of Goleta Real Estate for the first 4 months of 10 for Home Estate/PUDs there have been 50 sales compared to 46. The median sales price for both years is right about $715,000 and the average sales went down from about $820,000 last year to $775,000 this year. The numbers of escrows went up however from 50 last year to 72 this year with a median list price dropping slightly from $750,000 last year to $740,000 this year. The sales price to original list price ratio rose slightly from 91% to 96%. Currently there are 80 Home Estate/PUDs available for purchase with a median list price of $1.039 million and an average list price of just over $2 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first four months of 90 and 10 in the Condo market there were 12 sales but the median sales price has risen from $332,250 last year o $425,000 this year. The average sales price didnt go up nearly as much however rising from $365,000 last year to $380,000 this year. The numbers of escrows has gone up 16 last year to 17 this year and the median list price on those escrows rose from $390,000 last year to about $420,000 this year. The sales price to original list price ratio also came up from 88% to 98% this year. Right now there are only 18 condos available for purchase with a median list price of $439,000 and an average list price of about $490,000.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 4 months of 10 for the Home Estate/PUD market there have been 24 sales compared to 26 last year and the median sales price has dipped from just under $700,000 last year to $625,000 this year. The average sales price has also fallen from just over $800,000 last year to about $720,000 this year. The numbers of escrows is also very close together falling slightly from 33 in 09 to 31 in 10 and the median list price on those escrows has also dipped a little from $730,000 last year to $700,000 this year. The sales price to original list price ratio has gone up a little however going from 92% last year to 94% this year. Right now in Goleta South there are 36 Home Estate/PUDs available for purchase with a median list price of about $930,000 and an average list price of $1.08 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first four months of 10 in the Condo market there have 14 sales compared to 12 last year but the median sales price has dipped from just under $400,000 last year to about $275,000 this year. The average sales price has also gone from $460,000 in 09 to $350,000 in 10. The sales price to original list price has gone up from 86% in 09 to 98 in 10. Currently there are only 5 condos available for purchase in the Goleta South area with a median list price of $429,000 and an average list price of about $450,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 4 months of 10 for the Home Estate/PUD market there have been 8 sales compared to 3 last year and the median sales price has gone up from $2.55 million last year to $3.23 million this year. The average sales price has gone up even further rising from $2.5 million last year to $3.7 million this year. The numbers of escrows is not so far up rising from 6 in 09 to 8 in 10 with the median list price on those escrows actually declining from $2.65 million to just under $2 million. The sales price to original list price ratio has risen slightly from 78% last year to 82% this year and right now in Hope Ranch there are 20 Home Estate/PUDs available for purchase with a median list price of just under $4 million and an average list price of just under $6 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first four months of 07 and 08 in the Condo market there was and has been no activity.
For the Santa Barbara Real Estate area of West of State St for the first 4 months of 10 for Home Estate/PUDs there have been 53 sales compared to 48 last year and the median sales price has remained stable drifting up just $45,000 from $755,000 last year to $800,000 this year. The average sales price has also stayed rather close drifting down from $895,000 last year to $880,000 this year. There have been 69 escrows this year with a median list price of about $800,000 and last year there were 58 escrows with a median list price of $775,000. The sales price to original list price ratio has also been rather close rising from 87% in 09 to 90 in 10. Right now there are 83 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1.03 million and an average list price of $1.42 million.
For the Santa Barbara Real Estate Real Estate area of West of State St for the first four months of 10 for the condo market there have been 19 sales compared to 14 last year but the median sales price has fallen from $522,500 to $460,000. The average sales price has also declined about the same ratio dipping from $590,000 in 09 to $500,000 in 10 the sales price to original list price ratio has come up however going from 87% last year to 93% this year. Right now there are just 45 condos available for purchase on the West Side of Santa Barbara with a median list price of $529,000 and an average list price of $775,000.
Through the month of April 09 for the Home Estate/PUD market in the Santa Barbara Real Estate area including Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estate sales were in the mid 80s with the median sales price remaining steady around $880,000. For contrast in April 09 there were 68 sales with an $840,000 median sales price. So, even with the increased activity in the marketplace the median sales price is remaining at around the $860,000 level. But, the average sales price for April 10 was over $2 million compared to April 09 when the average sales price was about $1.3 million signifying a substantial increase in the sales of more pricey homes.
The escrows continued to pile up in April with about 120 new escrows opening which is up from about 100 in March and 62 in February. But, the median list price on those escrows remained around $890,000. What took a tumble in April was the Sales Price to Original List Price Ratio which again dipped to about 77%. This decline in the ratio is due primarily to higher priced properties that have started to sell but at a significant reduction from their original list price.
The inventory went up substantially in April with more than 200 new listings showing up with the overall inventory rising by more than 100 homes from the month of March. We ended April with about 580 properties available for purchase. The new listings median list price of just over $1 million continues to get closer to the median sold price for the month which means that sales should continue to surge forward. Also, the median list price on the overall inventory continues to fall and is currently hovering around $1.7 million down from about $1.8 million for most of 09.
Looking at the Districts, Carpinteria/Summerland Home Estate/PUD sales remain about double where they were last year with the median sales price rising about $200,000 to $835,000. Montecito home sales are approximately 20% ahead of where they were last year ending the month with 36 but the median sales price is locked at right around $2.4 million for both years. The pending sales are up about 50% from where they were last year with 46 escrows opened this year but the median list price on those escrows is down from $2.8 million in 09 to $2.4 million in 10
East of State St home sales are about a third ahead of where they were last year with 65 closed escrows but the median sales price has dropped about $25,000 to approximately $925,000. The average sales price has remained steady however at about $1.1 million. Over on the West Side of Santa Barbara home sales are about 10% ahead of where they were last year with 53 purchases so far and the median sales price has come up about $50,000 to $800,000. The average sales price is remaining steady however at around $890,000,
In Hope Ranch sales are more than double the numbers of sales from where they were last year with 9 sold properties this year and the median sales price has risen from $2.55 million last year to $3.5 million this year. The average sales price is also up by more than $1.5 million with some big sales in the area and is currently at around $4 million.
Goleta South sales are a couple behind where they were last year with 24 through April and the median sales price has declined to $625,000 down from $695,000 last year. The average sales price has also fallen from just under $800,000 last year to about $720,000. For Goleta North, sales are up by 10% with 50 completed transactions but the median sales price is stable at $715,000 for both years. The average sales price fell however from $820,000 in 09 to $775,000 in 10.
The overall median sales price continues to hover at around $860,000 for the area with prices going up in Carpinteria/Summerland, West of State St and Hope Ranch. Montecito and Goleta North prices seem to have stabilized at least compared to 09 with median sales prices falling for East of State St and Goleta South.
For condos in April sales moved up from March ending in the low 30s but the median sales price bounced back up to around $455,000. For most of last year condo median sales prices have hovered right around $450,000 with some months falling into the high $300,000 range and others at just over $500,000.
The Sales Price to Original List Price Ratio remains at about 90% which is illustrated by the median list price of the new listings coming on at about $490,000 and the median sales price at around $450,000. There were about 50 new listings that come on the market in April raising the total inventory to approximately 160 condos for sales from Carpinteria to Goleta.
The escrows did not continue to surge however with just over 40 new transactions starting, which is up slightly from March. The median list price on those escrows did come up however rising from about $430,000 last month to approximately $475,000 this month.
Looking at the Districts, in Carpinteria/Summerland sales are up by almost double to 20 but the median sales price has fallen about $25,000 to approximately $385,000. In Montecito there have been 6 sales this year compared to 1 last year with the median sales price right around $1.1 million and the average sales price at $1.4 million.
For East of State St condo sales are up more than double to 21 but the median sales price is down more than $100,000 to $430,000. The average sales price has also declined from about $630,000 last year to approximately $520,000 this year. Over on the West Side sales are up with 20 closed escrows so far but the median sales price is down by more than $55,000 to $464,500.
In Goleta South there have been 4 more sales this year with a total of 16 compared to last year but the median sales price is down about $125,000 to approximately $275,000. The average sales price has also come down from about $460,000 last year to about $360,000 this year. Finally, for Goleta North we see 13 sales this year compared to 12 last year the median sales price went up about $80,000 to approximately $410,000. The average sales price is a lot closer together however rising from $365,000 in 09 to $380,000 in 10.
With condo sales up everywhere except Goleta South the overall median sales price continues to gravitate around $450,000. But, when you look at the period from the beginning of the year the median sales price is down from $470,000 in 09 to about $430,000 in 10. Prices have declined in Carpinteria/Summerland, East of State St, West of State St and Goleta South with prices rising in Montecito and Goleta North.
With the first time buyer tax credit coming to a close at the end of April well have to see whether it will affect the condo buyer who would be impacted most significantly. The Home Estate/PUD market continues to be strong however with some upward pressure on prices in the below $1 million market.
Gary Woods
For Santa Barbara Real Estate area of East of State St for the first 4 months for Home Estate/PUDs for 10 there have been 62 sales compared to 45 last year but the median sales price has come down from $950,000 last year to just over $900,000 this year. The average sales price remained stable however with $1.08 million in 09 compared to $1.11 million in 10. The numbers of escrows is way up from 60 last year to 80 this year with the median list price of those escrows stable at just under $1 million this year compared to $975,000 last year. The sales price to original list price ratio has come up slightly from 79% last year to 85% this year. Right now there are 126 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.35 million and an average list price of more than $1.7 million.
For the Santa Barbara Real Estate area of East of State St for the first four months of 10 in the condo market there have been 21 sales compared to 10 last year but the median sales price has declined from $556,000 in 09 to $430,000 in 10. The average sales price is at about the same ratio falling from $630,000 last year to $518,000 this year. The numbers of escrows shows up at 23 for both year but the median list price on those escrows has fallen slightly from $525,000 last year to just under $500,000 this year. The sales price to original list price ratio has also stayed stable dropping just 1 point from 90% last year to 89% this year. Right now there are 42 condos available for purchase on the East Side of Santa Barbara with a median list price of $675,000 and an average sales price of just under $800,000.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 4 months of 10 there have been 36 sales compared to 30 last year and the median sales price for both years is right at $2.4 million. The average sales price is drastically different this year with a $4.28 million mark compared to last year when it was $2.42 million. The numbers of pending properties is way however with 46 open escrows this year compared to 33 last year but the median list price of those escrows is down from about $2.8 million last year to $2.4 million this year. The sales price to original list price ratio has declined from 80% last year to 72% this year and right now there are 201 Home Estate/PUDs on the market in Montecito with a median list price of $3.45 million and an average list price of just under $5 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first four months for the condo market there have been 5 sales compared to 1 this year. The median sales price this year is $1,075,000 while the average sales price is $1.444 million. Last year that 1sales was for $679,000. This year there have been 7 opened escrows with a median list price of $1.075 million compared to last year when there was just 1 escrow with a list price of $729,000. The sales price to original list price went up this year from 85% to 92% and currently there are 22 condos on sales in Montecito with a median list price of about $1.5 million and an average list price of $1.55 million.
The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory through April 22 there have been 40 listings this year compared to 51 last year with 34 new listings in 09 compared to 22 in 10. The escrows are up however rising from 14 last year to 16 this year but the numbers of sales is even with 11 in both years. The average sales price is up however from $354,455 to $379,409.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings through April 22 there have been 170 active listings this year compared to 127 last year with 111 new listings this year compared to 82 last year. The escrows are also way up rising from 46 to 66 this year with the sales also up from 39 to 46. The average sales price is right where it was last year however with a $775,905 number posted in 09 compared to $774,177 in 10.
The PUD market for the Santa Barbara Real Estate area of Goleta North the overall inventory through April 22 was more than double at 13 active listings compared to 6 last year with 9 new listings compared to 3 last year. The escrows are also up from 4 to 6 with the sales rising from 1 in 09 to 2 in 10. The average sales price is up also from $440,000 for the 1 sale last year to $765,000 this year.