For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through September 22 there have been 93 sales compared to 91 last year for a 2.2% rise. The median sales price has dropped however from $2.6 million last year to $2.4 million this year.
The difference between this years median list price of $3.45 million and the median sold price of $2.4 million gives us a 30% gap and last year the median list price was $3.7 million and when compared to the median sold price of $2.6 million gave us a 30% gap.
For the condo market in Montecito Real Estate through September 22 2010 there have been 14 sales compared to 4 last year for a 250% rise. The median sales price has also gone up from $697,000 last year to $1,022,500 for a 46% rise.
The gap report has a median list price this year of about $1.45 million and when compared to the median sold price of $1,022,500 we get a 30% gap. Last year the median list price of $1.65 million and the median sold price of $697,000 gave us almost a 60% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through September 22 there have been 55 sales compared to 47 last year for a 17% rise. The median sales price has declined however from $687,500 to $665,000 for a 3.3% drop.
The gap between the median list price of about $1.2 million and the median sales price of $665,000 is 44.4% whereas last year the median list price of $1.347 million and the median sales price of $687,500 gave us almost a 50% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through September 22 there have been 44 sales compared to 36 last year for a 22% rise. The median sales price has declined however from $404,000 to $385,750.
The gap between the median list price this year of $419,000 and the median sales price of $385,750 gives us only an 8% difference where as last year the median list price was $495,000 and the median sales price was $404,000 for an 18% gap.
The Condo market for the Goleta Real Estate North area of Santa Barbara the numbers of properties available through September 17 there have been 72 listings compared to 91 last year. The numbers of escrows is down from 48 to 37 and the sales are down from 35 to 30. The average sales price is basically flat last year falling slightly from $399,540 to $391,870.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North through September 17 there have been 304 listings compared to 232 last year. The numbers of escrows is also up from 117 to 134. The numbers of sales is up from 105 to 120 and the average sales price is up from $835,000 to $860,000.
The PUD market for the Santa Barbara Real Estate area of Goleta North through September 17 there have been 27 listings this year compared to 17 last year. The numbers of escrows is up from 7 to 14 and the numbers of sales is up from 5 to 12. The average sales price is also up from $532,000 to $685,583.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through September 17 there have been 56 listings compared to 90 last year. The escrows have dropped from 64 to 39 and the sales have declined from 52 to 35. The average sales price has also gone down from $454,000 last year to $375,000 this year.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through September 17 there have been 137 listings down from 141. The numbers of escrows is up however from 68 to 76 while the sales are up from 60 to 75. The average sales price is down however from $858,000 to $766,000.
The PUD market for the Santa Barbara Real Estate area of Goleta South through September 17 there have been 10 listings which is exactly what we had last year at this time. The numbers of down however from 4 to 2 and the sales are down from 5 to 2. The average sales price is also down from $863,000 to $764,500.
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 September 17 there have been 60 listings this year compared to 62 last year. The escrows are down from 17 in 09 to 14 in 10 but the sales are up from 10 to 12. The average sales price is also up rising from $3 million last year to $3.39 million this year.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch there has been 1 listing this year and last with 1 escrow last year and no sales for either year.
The Condo market for the West of State St area Santa Barbara Real Estate the total numbers of listings through September 17 is 149 down from 158 last year. The numbers of escrows are up however from 64 to 66 and the numbers of sales has risen from 50 to 55. The average sales price is down dipping from $580,000 last year to $517,000 this year.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through September 17 there have been 337 listings compared to 312 last year. The numbers of escrows is up however going from 125 to 155 and the numbers of sales has gone up from 109 to 131. The average sales price is also up from $830,000 last year to $970,000.
The PUD market for the Santa Barbara area of West of State St there have been 6 listings this year compared to 7 last year. The escrows are down also falling from 7 to 5 and the sales have dropped from 4 with an average sales price of $615,000 to 1 this year for $865,000.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through September 17 is 124 down from 153 last year. The numbers of escrows are up however from 51 to 54 and the numbers of sales is up from 42 to 50. The average sales priced has declined slightly however from $620,000 last year to $595,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through September 17 there have been 514 up from 510. The escrows are farther up however rising from 177 last year to 204 this year and the numbers of sales is up from 145 to 174. The average sales price has also gone up from $1.06 million to $1.18 million.
For the PUD market on the East Side of Santa Barbara there have been 11 total listings this year compared to 6 last year but the numbers of escrows have declined from 3 to 0. The numbers of sales is also down dropping to 2 with an average sales price of $885,000 to 1 with a price of $531,000.
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through September 17 there have been 134 listings this year compared to 102 for a 31% rise and escrows are up from 42 to 48 for a 14% rise. Also the sales are up from 36 to 43 for almost a 20% rise but the average sales price has declined from about $505,000 to $435,000.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through September 17 have been 207 compared to last year when there were 208. The numbers of escrows is down from 65 last year to 52 this year but the numbers of sales has risen from 50 to 53. The average sales price is down however dropping from $1.35 million last y ear to $1.18 million this year.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through September 17 there have been 5 listings this year compared to 8 last year and there have been no opened escrows this year compared to 3 last year. This was 1 sale this year for $905,000 whereas last year there were 4 sales with an average sales price of $502,200.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through September 17 is 58 compared to 52 last year. But there have been 18 opened escrows this year compared to just 5 last year. Also there have been 14 sales this year compared to 4 last year and the average sales price has risen from $867,250 last year to $1.18 million this year.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through September 17 there have been 507 listings compared to 506 last year. The numbers of escrows is also very close rising from 114 last year to 115 this year. The numbers of sales is a little farther up with 102 this year compared to 99 last year but the average sales price has dropped from $3.83 million last year to $3.64 million this year.
For the PUD market in Montecito there have been 11 listings this year compared to 4 last year but the numbers of escrows is up from just 1 last year to 6 this year. The sales are also up from 1 for $1.15 million last year to 4 sales this year with an average sales price of $1.36 million.
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through September 17 there have been 134 listings this year compared to 102 for a 31% rise and escrows are up from 42 to 48 for a 14% rise. Also the sales are up from 36 to 43 for almost a 20% rise but the average sales price has declined from about $505,000 to $435,000.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through September 17 have been 207 compared to last year when there were 208. The numbers of escrows is down from 65 last year to 52 this year but the numbers of sales has risen from 50 to 53. The average sales price is down however dropping from $1.35 million last y ear to $1.18 million this year.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through September 17 there have been 5 listings this year compared to 8 last year and there have been no opened escrows this year compared to 3 last year. This was 1 sale this year for $905,000 whereas last year there were 4 sales with an average sales price of $502,200.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/10 to 9/9/10 there have been 120 sales compared to 102 last year. The median sales price for both years is $707,500 but the average sales price is slightly up from $830,000 to $845,000. Those 120 sales took on average 62 days to get an accepted offer and when you add in another 46 days of escrow time you get an average total marketing time of 108 days.
For Goleta Real Estate North condos there have been 28 compared to 33 last year. The median sales price has risen however from $385,000 to $408,500. The average sales price is almost exactly the same dropping all of $60 from $386,027 to $385,967. Those 28 sales took on average 52 days to get an accepted offer and when you add in another 36 days of escrow time you get an average total marketing time of 88 days.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 10 to September 9, 2010 there have been 70 sales this year compared to 61 last year but the median sales price has dropped a little from $700,000 last year to $675,000 this year. The average sales price has also fallen from $860,000 last year to $760,000 this year. Those 70 sales took on average 76 days to get an accepted offer and when you add in another 48 days of average escrow time you get a total average marketing time of 124 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 32 sales this year compared to 50 last year. The median sales price has dropped from $452,500 to $370,000. The average sales price has also dropped from $440,000 to $375,000. Those 32 sales on average took 44 days to get an accepted offer and when you add in another 59 days of average escrow time you get a total marketing time of 103 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 10 to September 9, 10 there have been 12 sales compared to 11 last year. The median sales price has gone up from $2.175 million to $2.412 million this year and the average sales price has risen from $2.8 million last year to $3.4 million this year. Those 12 sales took on average 101 days to get an accepted offer and when you add in another 48 days of escrow time you get an average total marketing time of 149 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, September 9, 2010 there have been 121 sales compared to 103 last year. The median sales price has gone up from $735,000 last year to $800,000 this year and the average sales price has gone up from $825,000 last year to $965,000 this year. Those 121 sales took on average 60 days to get an accepted offer and when you add in another 44 days of escrow time you get an average total marketing time of 104 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 53 sales compared to 46 last year but the median sales price has dropped a little from $500,000 to $495,000. The average sales price has fallen farther from $585,000 to $515,000. Those 53 sales took on average 65 days to get an accepted offer and when you add in another average 47 days of escrow time you get a total average marketing time of 112 days.
For the East of State St for Santa Barbara Real Estatefrom January 1, 2010 to September 9, 2010 there has been 154 sales compared to 124 last year. The median sales price has risen from $893,000 last year to $945,000. The average sales price has also risen from $1.02 million last year to $1.16 million this year. Those 153 sales took on average 82 days to get an accepted offer and when you add in another 40 days of average escrow time you can an average total marketing time of 122 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 48 sales compared to 39 last year. The median sales price has declined however from $520,000 last year to $471,000 this year. The average sales price has also gone from $615,000 last year to $580,000 this year. Those 48 sales took on average 99 days to get an accepted offer and when you add in another 59 days of average escrow period you get a total average marketing time of 158 days.
From 1/1/10 to 9/9/10 in Montecito Real Estate for the Home Estate/PUD market there have been 87 sales compared to 81 last year. The median sales price has come down a little from $2.5 million last year to $2.4 million this year while the average sales price went up minimally from $3.61 million last year to $3.63 million. Those 87 sales took on average 156 days to get an accepted offer and when you add in another 36 days of average escrow time you get a total marketing time of 192 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 14 sales this year compared to 4 last year. The median sales price has risen from $697,000 last year to $1.022 million this year. The average sales price has also gone up from $867,250 to $1.18 million. Those 14 sales took on average 93 days to get an accepted and when you add in another 35 days of average escrow time you get an average of 128 days of total marketing time.
From January 1 10 to September 9 10 for Home Estate/PUD in Carpinteria Real Estate/ Summerland Real Estate there were 53 sales compared to 47 in 09 but the median sales price has gone down from $687,500 last year to $665,000 this year. The average has stayed about the same however going from $1.18 million last year to $1.19 million this year. Those 53 sales took on average 102 days to get an accepted offer and when you add in another 61 days of escrow time you get a total of 163 days of total marketing time.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 42 sales this year compared to 33 last year. The median sales price has dipped a little from $400,000 to $385,750 and the average sales price has dropped from $510,000 to $438,000. Those 42 sales took on average 69 days to get an accepted offer and when you add in another 58 days of average escrow time you get a total marketing time of 127 days.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eight months of 10 for the Home Estate/PUD market there have been 112 sales compared to 96 last year. The median sales price has gone up from $709,000 to $722,250 and the average sales price has gone up from $842,859 to $850,259. The sales price to original list price ratio has also edged up from 92% to 94%. The numbers of new listings has risen from 175 with a $800,000 median list price to 236 with a $780,000 median list price. The numbers of escrows is up from 107 with a $729,000 median list price to 128 with a $719,000 median list price. Right now there are 101 Home Estate/PUDs available for purchase on the North Side of Goleta with a median list price of $979,000 and an average list price of $1.9 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eight months of 09 for condominiums there have been 28 sales compared to 32 last year but the median sales price has risen from $355,000 to $410,000. The average sales price is right about where it was last year at approximately $385,000. The numbers of new listings is down from 59 with a $400,000 median list price to 50 this year with a $420,000 median list price. The numbers of escrows is down from 39 last year with a $400,000 median list price to 32 this year with a $410,000 median list price. Right now there are 20 condos for sales in Goleta North with a median list price of $437,000 and an average list price of $475,000.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 8 months of 10 there have been 65 Home Estate/PUD sales compared to 56 last year. The median sales price has dropped however from $717,500 to $665,000 this year with the average sales price falling from $890,000 last year to $735,000 this year. The sales price to original list price ratio has declined from 90% to 80% but the numbers of new listings is up from 100 with a median list price of $830,000 to 107 in 10 with a median list price of $730,000. The numbers of escrows is also up from 62 to 69 and the median list price on those escrows is up from $725,000 to $729,000. Right now there are 33 Home Estate/PUDs available for purchase with a median list price of $850,000 and an average list price of $1.32 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first eight months of 10 there have been 29 condo sales compared to 48 last year and the median sales price has dropped from $450,000 to $355,000. The average sales price has also fallen from $435,000 to $370,000 but the sales price to original list price ratio has gone up from 91% to 98%. There are only 45 new listings this year with a median list price of $372,900 compared to last year when there were 67 new listings with a median list price of $455,000. The numbers of escrows have declined from 57 last year to 33 this year while the median list price on those escrows has dipped from $459,000 to $359,000. Right now there are 11 condos available for purchase with a median list price of $519,000 and an average list price of $485,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first eight months of 10 there have been 12 sales compared to 11 last year. The median sales price is up from $2.175 million to $2.412 million with the average sales price up from $2.8 million to $3.4 million. The sales price to original list price ratio is also up from 80% to 85%. The numbers of escrows is equal however with 13 in both years with the median list price on those escrows falling from $2.65 million to $2.3 million. The numbers of new listings is also very close together with 40 in 09 with a median list price of $2.65 million compared to 41 this year with a median list price of $2.3 million. Right now there are 30 Home Estate/PUDs available for purchase with a median list price of $3.2 million and an average list price of $5.4 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 08 has seen no activity.
For the Santa Barbara Real Estate area West of State St for the first eight months of 10 compared to 09 for the Home Estate/PUD market there have been 119 sales this year compared to 100 last year but the median sales price has risen from $732,500 to $800,000. The average sales price is also up from $825,000 last year to $965,000 this year. The sales price to original list price ratio is about the same however rising slightly from 90% last year to 93% this year. The numbers of escrows is way up from 109 with a $760,000 median list price to 137 this year with a $820,000 median list price. The numbers of new listings is way up from 187 last year with a $900,000 median list price to 255 with a $875,000 median list price. Right now there are 102 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $950,000 and an average list price of $1.25 million.
For the Santa Barbara Real Estate area West of State St for the first eight months of 10 there have been 52 sales with a $485,000 median sales price compared to 41 sales last year with a $503,000 median sales price. The average sales price has dropped from $583,000 to $515,000 but the sales price to original list price ratio has risen from 85% to 94%. The numbers of escrows is up only slightly however from 54 to 57 with the median list price on those escrows going down from $515,000 to $509,000. The numbers of new listings is up surprisingly from 89 with a median list price of $515,000 to 94 with a median list price of $509,000. Right now there are 40 condos available for purchase with a median list price of $575,000 and an average list price of $780,000.
For the Santa Barbara Real Estate area of East of State St for the first eight months of 10 compared to 09 there have been 149 Home Estate/PUD purchases compared to 119 last year and the median sales price rose from $900,000 last year to $950,000 this year. The average sales price went up from $1.03 million to $1.17 million but the sales price to original list price ratio stayed solid at 85%. The numbers of escrows rose however from 143 with a median list price of $900,000 to 164 with a median list price of $960,000. The numbers of new listings fell back slightly from 333 with a median list price of $1.1 million to 323 with a median list price of $1.5 million. Right now there are 158 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 $1.6 million.
For the Santa Barbara Real Estate area of East of State St for the first eight months of 10 compared to 09 for the condo market there were 47 sales this year with a median sales price of $467,000 and last year there were 37 with a median sales price of $517,000. The average sales price also went down from $620,000 to $565,000 but the sales price to original list price ratio sale solid at about 90%. This year the escrows are 48 with a median list price of $520,000 and last year there were 47 escrows with a median list price of $540,000. There have been 80 new listings this year down from 104 last year and the median list price has dropped slightly from $605,000 last year to $600,000 this year. Right now there are 37 condos available for purchase on the East Side of Santa Barbara with a median list price of $750,000 and an average list price of $800,000.
For the greater Santa Barbara Real Estate area from Goleta Real Estate to Goleta Real Estate Carpinteria Real Estate/Summerland Real Estate as well as Montecito Real Estate and Hope Ranch Real Estate for the Home Estate/PUD market in August 10 there were 79 sales declining from 87 in July. The median sales price also fell from $871,250 in July to $777,000 in August. The average sales price also declined from $1.47 million in July to $1.17 million in August but the Sales Price to Original List Price Ratio rose from 81% in July to 86% in August.
While the numbers of sales declined the numbers of escrows rose to the mid 90s matching the pended sales for June and 15 ahead of July. In contrast to the median sales price decline in August the median list price on the properties that went into escrow rose to about $850,000.
During the month of August 141 new Home Estate/PUD listings came on the market with a median list price of $1.2 million while the overall inventory remained strong with about 660 properties available for purchase with a median list price of $1.6 million and average list price of over $3 million.
Looking at the Districts, Carpinteria/Summerland had 49 sales in both 09 and 10 through August but the median sales price dropped slightly from $682,250 last year to $675,000 this year. The numbers of escrows have dropped however dipping from 57 in 09 to 49 in 10.
In Montecito the numbers of sales is about 10% ahead of last year rising from 86 to 95. The median sales price has not moved however hovering right around $2.4 million for both years. The numbers of escrows is a little closer together rising 4% from 103 to 108 with the median list price on those escrows dropping from $2.9 million last year to $2.7 million this year.
On the East Side of Santa Barbara sales are up 22% over last year with 164 closings this year compared to 134 last year. The median sales price is also up from last year rising from about $900,000 to $950,000 this year. The numbers of opened escrows is not quite so far ahead however rising 12% from 166 last year to 186 this year and the median list price on those 186 is up to about $960,000 compared to $899,000 last year.
The West Side of town also has sales up about 20% with 126 closings compared to 104 last year and the median sales price is up from $732,500 to $800,000.
But, unlike the East Side, the numbers of escrows is up by 28% with 150 opened escrows this year compared to 117 last year and the median list price on those escrows is up from $759,000 last year to $819,000 this year.
In Hope Ranch there are 12 sales this year compared to 10 last year and the median sales price is up from $2.175 million to $2.412 million. The numbers of escrows are also up from 12 to 13 and currently there are 3 properties in escrow in the area. 1 listed at over $5 million 1 listed for about $2.3 and 1 listed at about $2.8 million.
Goleta South sales are also up from 54 in 09 to 68 in 10 but the median sales price has dropped from $717,500 last year to $667,500 this year. The numbers of escrows is also up from 64 to 73 and the median list price on those 73 escrows is right where it was last year at about $725,000
Goleta North sales are also up from 94 last year to 114 this year and the median sales price has risen from $709,000 to $720,000. The numbers of escrows are also up from 108 to 125 while the median list price on those escrows is down from $730,000 to $720,000.
With sales up by 20%+ in all the districts except Montecito which is up by 10% and Carpinteria/Summerland which has sales dead even with last year, things if not robust look better than whats going on in the rest of the country. Even more encouraging is that the median sales price is up on the East Side, West Side, Hope Ranch and Goleta North while its basically flat in Carpinteria/Summerland and Montecito with the only decline in prices in Goleta South.
For the condo market, sales in August fell for the 4th month in a row down to 21 units closed. The median sales price also declined to $425,000 from about $435,000 the previous month. As of the end of August 10 there have been 214 sales which puts us about 11% ahead of where we were last year when there were 193 sales. But, the median sales price has declined from about $460,000 last year to $435,000 this year. There were 55 new condo listings in August with a median list price of $575,000 and the overall inventory rose to just over 160 condos for sale.
While the numbers of sales went down the numbers of opened escrows went up from 20 in July to 29 in August. The median list price on those escrows also went up from $479,000 last month to $490,000.
Looking at the Districts, sales in Carpinteria/Summerland are up from 32 to 42 this year but the median sales price has declined slightly from $404,000 last year to $385,750. The numbers of escrows isnt up nearly as far however going from 40 to 46.
In Montecito sales are also up from 3 to 14and the median sales price has gone up from $715,000 last year to $1,022,500. The average sales price is also up from about $950,000 to $1.2 million and the numbers of escrows are up from 4 to 13.
On the East Side sales are up from 38 to 49 but the median sales price has declined from $517,000 to $471,000. The numbers of escrows opened this year is ahead but barely going from 49 to 51 and the median list price on those escrows dipped from $539,000 to $520,000.
The West Side has sales up from 42 to 54 but the median sales price has declined from $503,000 to $485,000. The numbers of escrows are also up from 57 to 60.
For Goleta South sales are down from 49 to 29 and the median sales price has dipped from $450,000 to $355,000. The numbers of escrows are also down from 59 to 33 and the median list price on those escrows fells from $459,000 to $359,000.
In Goleta North sales are down from 32 to 28 but the median sales price is up from $355,000 to $408,500. The numbers of escrows are down however from 42 to 36 with the median list price on those escrows up from $399,000 to $414,000.
Condo sales are up in every District except Goleta North and South but the median sales price is down for Carpinteria/Summerland, East of State, West of State and Goleta South. That median sales price is up dramatically in Montecito and significantly in Goleta North.
With a substantial number of escrows for both Single Family homes and Condos opened in August the rest of the year could end on a high note as far as numbers of units sold. But, of the properties that did sell in August they are predominantly farther down the price scale. Of the 79 sales there were 3 sales over $5 million but only 7 from $2 to $3.25 million and 16 from $1 to $2 million.
Gary Woods
For the Santa Barbara Real Estate area of Montecito Real Estate for the first eight months of 10 compared to 09 the sales are up from 77 to 84 for Home Estate/PUDs but the median sales price is just about the same with $2.4 million last year and $2.45 million this year. The average sales price is up a little further however going from $3.4 million last year to $3.7 million this year. The numbers of escrows is up from 90 to 96 but the median list price on those escrows is down from $2.9 min 09 to $2.6 million in 10. The sales price to original list price ratio is hovering right around 76% which is just about where it was last year at this time. The numbers of new listings is down slightly dipping from 282 with a median list price of $2.9 million to 267 listings this year with a median list price of $2.625 million. Right now there are 194 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.15 million and an average list price of $5 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first eight months of 10 compared to 09 there have been 13 condos sales this year and 3 last year. The median sales price has risen from $715,000 to $1,050,000 and the average sales price has gone up from $950,000 to $1.2 million. The sales price to original list price ratio has also gone up from 80% last year to about 90% this year and the numbers of new listings has risen from 32 with a median list price of $1.5 million to 38 with a median list price of $1.2 million. Right now there are 24 condos available for purchase with a median list price of $1.4 million and an average list price of $1.4 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate Estate for the first 8 months of 10 compared to 09 the sales are up by just 1 with 47 this year compared to 46 last year and the median sales price is down slightly from $682,250 last year to $675,000 this year. The average however is up from $1.2 million in 09 to $1.27 million in 10. The numbers of escrows is down however from 50 last year with a median list price of $700,000 to 47 this year with a median list price of $660,000. The sales price to original list price ratio is way down to about 70% due to the large reduction in prices of some of the more expensive properties. Right now there are 73 Home Estate/PUDs available for purchase with a median list price of $1.2 million and an average list price of $3.8 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate for the first eight months of 10 compared to 09 the sales are up from 32 to 40 but the median sales price is down from $404,000 to $385,000. The average sales price is also down from $515,000 to $445,000 but the sales price to original list price ratio is up from 78% to 92%. The numbers of escrows is up from 36 to 43 but the median list price on those escrows is down from $425,000 to $409,000. There are substantially more new listings this year with 92 compared to 63 last year but the median list price on those new listings is down from $450,000 to $439,000. Right now there are 38 condos available for purchase in Carpinteria/Summerland with a median list price of $445,000 and an average list price of $730,000.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of July 27 to August 27 there were 13 sales this year compared to 11 last year and the median sales price went down from $725,000 last year to $595,000 this year. The average sales price also went down from $815,000 last year to $656,000 this year. There were 13 opened escrows this year with a median list price of about $670,000 and last year there were 19 opened escrows with a median list price of $675,000. Right now there are 104 Home Estate/PUDs available for purchase in Goleta North with a median list price of $979,000 and an average list price of $1.9 million.
For the condo market in Goleta Real Estate North for the same period there were 5sales this year with a median sales price of about $409,000 and last year there were 7 sales with a median sales price of $315,000. The average sales price also went up from $383,000 in 09 to $393,000 in 10. The numbers of opened escrows was 3 this year with a median list price of $410,000 compared to last year when there were 5 opened escrows with a median list price of $400,000. Right now there are 21 condos available for purchase on the North Side of Goleta with a median list price of $437,000 and an average list price of $465,000.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from July 27 to August 27 there were 7 sales with a median sales price of $765,000 and last year there were 5 sales with a median sales price of $800,000. The average sales price last year was $1.1 million and this year its $875,000. In 09 there were 8 opened escrows with a median list price of $560,000 and this year there were 14 opened escrows with a median list price of $850,000. Right now there are 33 Home Estate/PUDs available for purchase with a median list price of $850,000 and an average list price of $1.32 million.
For the condo market in Goleta Real Estate South for the same period there were 2 sales this year with a median and average sales price of $379,000. Last year there were 8 sales with a median sales price of $467,000 and an average sales price of $425,000. This year there have been 5 opened escrows with a median list price of about $400,000 and last year there were 8 opened escrows with a median list price of $350,000. Right now there are 10 condos for sales in Goleta South with a median list price of $520,000 and an average list price of $500,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of July 27 to August 27 there was 1 sale for $1,020,000 and last year there were 2 sales with a median and average sales price of $2.11 million. This year there have been 3 opened escrows with a median list price of $2.5 million compared to 1 opened escrow last year with a list price of $2.9 million. Right now there are 30 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.2 million and an average list price of $5.5 million.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity.
For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs for the period of July 27 to August 27 there were 13 sales with a median sales price of $777,000 compared to last year when there were also 13 sales but the median sales price Was $670,000. The average sales price also went going from $745,000 in 09 to $1.1 million in 10. In 09 there were 13 opened escrows with a median list price of $710,000 and this year there were 15 opened escrows with a median list price of $739,000. Right now there are 103 Home Estate/PUDs available for purchase with a median list price of $970,000 and an average list price of $1.27 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 5 sales this year with a median sales price of $430,000 and an average sales price of $450,000. Last year there were also 5 sales with a median sales price of $450,000 and an average sales price of $540,000. There were 7 opened escrows this year with a median list price of $500,000 and last year there were 12 opened escrows with a median list price of $549,000 and an average list price of $500,000. Right now there are 40 condos available for purchase with a median list price of $575,000 and an average list price of $785,000.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 19 sales from July 27 to August 27 with a median sales price of $777,000 compared to last year when there were 24 sales with a median sales price of $845,000. The average sales price also declined from $920,000 last year to about $800,000 this year. There were 24 escrows opened this year with a median list price of $769,000 compared to last year when there were 23 escrows opened with a median list price of $1.1 million. Right now there are 160 Home Estate/PUDs available for purchase with a median list price of $1.35 million and an average list price of $1.66 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 5 sales this year compared to 4 last year but the median sales price declined from $535,000 last year to $475,000 this year. The average sales price also went down from $680,000 last year to $620,000 this year. For the time period there were 10 opened escrows with a median list price of about $700,000 compared to last year when there were 5 opened escrows with a median list price of $650,000. Right now there are 34 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $670,000 and an average list price of $780,000.