In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from January 19 to February 19 there were 9 sales this year with a median sold price of $575,000 and an average sales price of $597,555. Last year there was 1 sale with a sales price of $845,000. This year there were 4 escrows opened with a median list price of $514,000 and last year there were 7 escrows opened with a median list price of $629,000. Right now there are 12 Home Estate/PUDs available for purchase in Goleta South with a median list price of $779,750 and an average list price of $2,108,800.
For the condo market in Goleta Real Estate South for the same period there were 2 sales this year with a median sales price of $178,500 and an average sales price of $178,500. Last year there were 5 sales with a median sales price of $435,000 and average sales price of $405,200. This year 4 escrows were opened with a median list price of $269,450 and last year 5 escrows were opened with a median list price of $350,000. Right now there are 12 condos available for purchase with a median list price of $241,650 and an average list price of $277,675.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of January 19 to February 19 there were 4 sales compared to 2 last year. The 4 sales had a median sales price of $1.532 million and average sales price of $1,872,531 and the 2 sales had a median and average sales price of $3,850,000. There were 2 escrows opened this year with a median list price of $2.894 million and last year there were 2 opened escrows with a $4.422 million median list price. Right now there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.237 million and an average list price of $6.413 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 January 19 to February 19 there were 4 sales with a median sales price of $574,125 and an average sales price of $599,562. Last year there were 14 sales with a median sales price of $623,700 and an average sales price of about $1,127,728. For the same time period there were 20 opened escrows this year with a median list price of $682,000 and last year there were 16 opened escrows with a median list price of $689,475. Right now there are 64 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $884,250 and an average list price of $1.128 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 8 sales this year with a median sold price of $412,500 and an average sales price of about $424,625. Last year there were 3 sales with a median sales price of $425,000 and an average sales price of $698,333. This year 8 escrows opened with a median list price of $422,450 and last year there was 3 escrows opened with a median list price of $549,000. Right now there are 30 condos available for purchase on the West Side of Santa Barbara with a median list price of $432,000 and an average list price of $552,496.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 24 sales from Jan. 19 to Feb. 19 with a median sold price of $792,500 and an average sold price of $908,614. Last year there were 12 sales with a median sold price of $901,250 and an average sold price of $914,583. During that same time period there have been 31 opened escrows with a median list price of $849,000 and last year there were 13 escrows opened with a median list price of $975,000. Right now there are 86 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.372 million and an average list price of $1.806 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 2 sale this year compared to 2 last year. The median sales price on those 2 this year is $493,000 and the average sales price is $493,000. Last year there were 2 sales with a median sales price of $410,000 and average sales price of $410,000. This year 13 escrows were opened this year with a median list price of $435,000 and last year there was 2 opened escrows with a median list price of $554,975. Right now there are 41 condos available for purchase on the East Side of Santa Barbara with a median list price of $679,000 and an average list price of $763,890.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 7 sales from Jan.19 to Feb. 19 compared to 7 last year and the median sales price went up from $1.295 million last year to $1.525 million this year and the average sales price went up from $1.933 million last year to $2.079 million this year. This year there have been 15 escrows opened with a median list price of $1.695 million and last year there were also 12 escrows opened with a median list price of about $2.11 million. Right now there are 159 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.475 million and an average list price of $5.578 million.
For the Condo market in Montecito Real Estate This year there was 1 sales with a $869,000 median sales price and a $869,000 average sales price for the same period last year there was 2 sales with a $587,500 median sales price and a $587,500 average sales price. There was 1 escrow opened this year with a $2,350,000 list price and last year there were no escrows opened. Right now there are 19 condos available for purchase in Montecito with a median list price of $999,000 and an average list price of $1.115 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 Jan. 19 to Feb. 19 there were 5 sales this year compared to 6 last year but the median sales price was up on those 5 to $785,000 and last year the median sales price on the 6 was $672,500. The average sales price was also up from $691,816 last year to $874,000,555 this year. There were 11 opened escrows this year with a median list price of $785,000 compared to 6 last year with a median list price of $917,450. Right now there are 37 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,795,000 and an average list price of about $4.264 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 2 sales this year compared to 5 last year and the median sales price went down from $320,000 to $253,750. The average sales price also went down from $291,980 to $253,750. This year there were 4 escrows opened with a median list price of $390,000 and last year there were 5 escrows opened with a median list price of $574,900. Right now there are 18 condos for sales in Carpinteria/Summerland with a median list price of $399,000 and an average list price of $517,588.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through February 15 there have been 22 sales compared to 18 last year for a 22.2% rise. The median sales price fell from $760,000 to $624,000 for a 17.9% decline.
The gap between the median list price of $879,000 and the median sold price of $624,000 gives us a -29.0% gap whereas last year the median list price was $949,000 and when compared to the median sold price of $760,000 it gave us a 19.9% gap.
For the condo market in Goleta Real Estate North through February 15 there have been 2 sales compared to 5 last year for a 60.0% drop and the median sales price has gone down from $399,000 to $330,000 for a 17.3% drop.
The gap between the median list price of $337,000 and the median sold price of $330,000 gives us a 2.1% gap whereas last year the median list price was about $369,900 and when compared to the median sold price of $399,000 it gave us a positive gap or +7.9%.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through February 15 there have been 10 sales compared to 4 last year for a 150.0% rise but the median sales price went down from $707,500 last year to $552,500 for a 21.9% drop.
The median list price this year for $699,000 when compared to the median sold price of $552,500 gives us a -21.0% gap. Last year there was $719,000 median list price and when compared to the median sold price of $707,500 gave us a -1.6% gap.
For the condo market in Goleta Real Estate South through February 15 there were 3 sales this year compared to 5 last year for a 40.0% drop and the median sales price fell from $435,000 last year to $207,000 this year for a 52.4% drop
This year the median list price of $249,000 compared to the median sold price of $207,000 gives us a gap of -16.9%. Last year the median list price of $364,250 and the median sold price of $435,000 gave us a positive gap of +19.4%.
ForSanta Barbara Real Estate area of Hope Ranch Real Estate area for the Home Estate/PUD market through February 15 there have been 3 sales compared to 2 last year for a 50.0% rise but the median sales price went down from $3,850,000 to $1,875,000 for a 51.3% fall.
The median list price of $3,237,500 this year and the median sold price of $1,875,000 gives us a -42.1% gap and last year the median list price of $2,675,000 and the median sold price of $3,850,000 gave us a positive +43.9% gap.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Condo market through November 11 there was no activity.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through February 15 there have been 9 sales compared to 18 last year for a 50.0% drop and the median sales price went down from $680,000 to $508,000 for a 25.3% fall.
The median list price of $879,500 this year and the median sold price of $508,000 gives us a -42.2% gap and last year the median list price of $839,000 and the median sold price of $680,000 gave us a -19.0% gap.
For Santa Barbara Real Estate area of West of State St area for the Condo market through February 15 there have been 9 sales compared to 3 last year for a 200.0% rise and the median sales price went up from $420,000 to $450,000 for a 7.1% rise.
The median list price of $467,000 this year and the median sold price of $450,000 gives us a -3.6% gap and last year the median list price of $589,000 and the median sold price of $420,000 gave us a -28.7% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through February 15 there have been 33 sales compared to last year when there were 16 sales for a 106.3% rise. The median sales price has gone down however from $913,750 last year to $810,000 this year for a 11.4% drop.
The gap between the median list price of about $1.337 million and the median sold price of $810,000 gives us a -39.4% gap whereas last year the median list price was also $1.195 million and when compared to the median sold price of $913,750 we get a
-23.5% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through February 15 there have been 2 sales compared to 3 last year for 33.3% drop and the median sales price has gone down from $450,000 last year to $493,000 this year for a 9.6% rise.
The difference between the median list price of $649,000 and the median sold price of $493,000 gives us a -24.0% gap. Whereas last year the median list price of $612,000 and the median sold price of $450,000 gave us a -26.5% gap.
For Santa Barbara Real Estates Montecito Real Estate area for the Home Estate/PUD market the sales figures through February 15 there have been 15 sales compared to 6 last year for a 150.0% rise. The median sales price last year was $1.9 million and this year its is $1.8 million for a 5.3% decline.
The difference between this years median list price of $3.35 million and the median sold price of $1.8 million gives us a -46.3% gap and last year the median list price of $2.875 million and the $1.9 million sales price gives us a -33.9% gap.
For the condo market in Montecito Real Estate through February 15 2012 there have been 2 sales compared to 2 last year for a 0.0% change. The median sales price this year of $1,034,950 compared to last year when it was $999,500 gives us a 34.8% rise.
The gap report has a median list price this year of $999,500 and the $1,034,950 median sales price gives us a positive 3.5% gap and last year there was a $1.197 million median list price compared to a $767,500 median sales price gave us a -35.9% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through February 15 there have been 8 sale compared to 3 last year for a 166.7% rise but the median sales price has gone down from $591,000 to $550,000 for a 6.9% drop.
The gap between the median list price of about $1,695,000 and the median sales price of $550,000 is -53.6% whereas last year the median list price of $1.275 million and the median sales price of $591,000 gave us a -50.5% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through February 15 there have been 3 sales compared to 7 last year for a 57.1% decline while the median sales price went down from $320,000 last year to $297,500 this year for a -7.0% decline.
The gap between the median list price this year of $419,000 and the median sales price of $297,500 gives us a -29.0% difference where as last year the median list price was $479,000 and the median sales price was $320,000 for a -33.2% gap.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/11 to 2/7/12 there have been 19 sales compared to 14 last year. The median sales price went down from $870,000 last year to $625,000 this year and the average sales price is down from $1,002,439 to $641,755. Those 19 sales took on average 99 days to get an accepted offer and when you add in another 55 days of escrow time you get an average total marketing time of 154 days.
For Goleta Real Estate North condos there have been 2 compared to 5 last year. The median sales price has gone down however from $399,000 to $330,000. The average sales price is also down from $446,000 to $330,000 Those 2 sales took on average 10 days to get an accepted offer and when you add in another 12 days of escrow time you get an average total marketing time of 22 days.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 12 to February 7, 2011 there have been 7 sales this year compared to 4 last year and the median sales price has gone down from $707,500 last year to $530,000 this year. The average sales price has also gone down from $708,750 last year to $552,839 this year. Those 7 sales took on average 64 days to get an accepted offer and when you add in another 80 days of average escrow time you get a total average marketing time of 144 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 3 sales this year compared to 3 last year. The median sales price has gone down from $454,000 to $207,000. The average sales price has also gone down however but just a little from $407,333 to $191,500. Those 3 sales on average took 56 days to get an accepted offer and when you add in another 70 days of average escrow time you get a total marketing time of 126 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 12 to February 7, 12 there have been 33 sales compared to 2 last year. The median and average sales price has gone down from $3.85 million to $1.875 million this year and the average sales price declined from $3,850,000 to $1,875,000. Those 3 sales took on average 164 days to get an accepted offer and when you add in another 38 days of escrow time you get an average total marketing time of 202 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, February 7, 2012 there have been 7 sales compared to 15 last year. The median sales price has gone down from $630,000 last year to $508,000 this year and the average sales price has gone down from $772,613 last year to $656,371 this year. Those 7 sales took on average 31 days to get an accepted offer and when you add in another 35 days of escrow time you get an average total marketing time of 66 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 6 sales compared to 1 last year but the median sales price has risen from $315,000 to $357,000. The average sales price has also gone up from $315,000 to $409,000, Those 6 sales took 63 days on average to get an accepted offer and when you add in another 68 days of escrow time you get a total marketing time of 131 days.
For the East of State St for Santa Barbara Real Estate from January 1, 2012 to February 7, 2012 there have been 26 sales compared to 7 last year. The median sales price has fallen from $1,110,000 last year to $891,250. The average sales price has also gone down from $1,181,071 last year to $1,006,978 this year. Those 26 sales took on average 91 days to get an accepted offer and when you add in another 61 days of average escrow time you can an average total marketing time of 152 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there was 1 sale compared to 3 last year. The median sales price has gone up from $450,000 last year to $630,000 this year. The average sales price has also gone up from $603,166 last year to $630,000 this year. That 1 sale took on average 10 days to get an accepted offer and when you add in another 72 days of average escrow period you get a total average marketing time of 82 days.
From 1/1/12 to 2/7/11 in Montecito Real Estate for the Home Estate/PUD market there have been 15 sales compared to 5 last year. The median sales price has come down from $2.05 million last year to $1.8 million this year while the average sales price went down from $2.74 million last year to $2.68 million. Those 15 sales took on average 79 days to get an accepted offer and when you add in another 31 days of average escrow time you get a total marketing time of 108 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 2 sales this year compared to 2 last year. The median sales price has gone up from $767,500 last year to $1,034,950 this year and the average sales price has also gone up from $767,500 to $1,034,950. Those 2 sales took on average 8 days to get an accepted and when you add in another 37 days of average escrow time you get an average of 45 days of total marketing time.
From January 1 12 to February 7 12 for Home Estate/PUD in Carpinteria Real Estate/Summerland Real Estate there were 7 sales compared to 1 in 11 and the median sales price has gone down from $591,000 last year to $585,000 this year. The average has gone up however, falling from $591,000 last year to $750,857 this year. Those 7 sales took on average 57 days to get an accepted offer and when you add in another 67 days of escrow time you get a total of 124 days of total marketing time.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 3 sales this year compared to 6 last year. The median sales price has dipped from $335,000 to $297,500 and the average sales price has gone down from $318,316 to $286,833. Those 3 sales took on average 17 days to get an accepted offer and when you add in another 61 days of average escrow time you get a total marketing time of 78 days.
For the Santa Barbara area of Goleta Real Estate North for the first month of 12 in the Single Family Home market 13 properties closed escrow with a median sales price of $610,000 and an average sales price of $612,230. In 11 there were 12 sales with a median sales price of $917,500 and an average list price of $1,057,637. This year there have been 21 open escrows with a median list price of $549,000 and last year there were 13 open escrows with a median list price of just under $710,000. Right now there are 54 Home Estate/PUDs available for purchase with a median list price of $969,375 and an average list price of just under $1.571 million.
For the Santa Barbara area of Goleta Real Estate North for the first month of 12 in the Condo market 0 closed escrows. Last year there were 4 closed escrows with a median sales price of just over $380,000 and an average sales price of just under $440,000. This year there are 6 open escrows with a median list price of about $349,450 compared to last year when there were 3 open escrows with a median list price of $479,000. Right now there are just 11 Condos available for purchase in Goleta South with a median list price of $362,000 and an average list price of $369,245.
This is an analysis of the Santa Barbara Real Estate market including Carpinteria Real Estate
/Summerland Real Estate, Montecito Real Estate, Hope Ranch Real Estate, downtown Santa Barbara Real Estate and Goleta Real Estate through the month of January 2012. Starting with the Home Estate/PUD sector for the month of January 2012 we had 69 sales compared to 42 in January 2011. The median sales price after falling for the previous 4 months rose from $707,000 in December to $810,000 in January putting it just slightly behind the $819,650 of January 2011.
The numbers of escrows for the month again remained strong with 107 opened and the median list price on those escrows rose from $695,000 in December to $785,000 in January. Those 107 opened escrows almost doubled the numbers of escrows we saw in January 2011 but the median list price on those escrows this year fell about $100,000 from the previous January when it was $899,000.
Of the 69 home sales in January 46 were below $1 million with 16 sales between $1 and $2 million and 7 closings over $2 million with 1 of those 7 over $5 million. The highest priced sale for the month came in at $9.55 million while on the other end of the scale the least expensive property sold for $327,000. All of that gives us an average sales price for the month of $1,182,044 and a median sales price of $810,000.
The days on the market for the sold properties fell from about 100 in December to 80 in January and the Sales Price to Original List Price Ratio rose from 85% in December to about 90% in January. The overall inventory rose from about 390 that we saw in December to approximately 414 in January but the median list price on those homes remained stable at around $1.7 million with about a $3.5 million average list price.
Looking at the Districts, Carpinteria/Summerland sales are up from 1 to 6 and the median sales price is up from $591,000 to $650,000. The numbers of escrows are also up going from 2 to 8 with the median list price on those escrows rising from $632,450 last year to $749,500 this year.
For Montecito, sales are up going from 5 to 14 with the median sales price dropping from $3.15 million to $1.82 million. Escrows are up going from 7 to 18 but the median list price on those escrows is down from $3.595 million to $2.195 million.
East of State St sales are up going from 8 in 11 to 26 in 12 but the median sales price is down from $1,400,000 to $917,500. The escrows are up going from 17 to 31 with the median list price on those escrows dropping from $1,095,000 last year to $879,000 this year.
West of State St sales are down from 17 to 8 and the median sales price is down from $630,000 to $508,000. The numbers of escrows are down with 16 in 11 compared to 15 in 12 but the median list price on those escrows is up from $699,950 last year to $750,000 this year.
Hope Ranch sales are up from 1 to 2 but the median sales price is down from $1.6 million to $1.532 million. The numbers of escrows are even with 3 in both years but the median list price on those escrows is up from $1.9 million in 11 to $2.29 million in 12.
Goleta South sales are equal with 5 in both years but the median sales price is down from $707,500 to $497,500. The numbers of escrows are up however from 5 to 16 with the median list price on those escrows declining from $912,000 to $549,000.
Goleta North sales are down with 12 in 11 and 11 in 12 with the median sales price dropping from $917,500 to $610,000. The numbers of escrows are up however from 13 to 18 with the median list price on those escrows falling from $710,000 to $544,000.
For the Condo segment of the market sales fell off dramatically in January to 12 from 35 in December. The median sales price also fell from $407,000 to $364,000 and the days on the market also dropped from 92 in December to just 37 in January. But while the sales were falling in January the escrows were rising from 22 in December with a $304,000 median list price to 30 in January with a $365,500 median list price.
Comparing January 2011 with January 2012 sales are down from 16 to 12. The median sales price is about the same dropping slightly from $382,000 to $364,000. The Sales Price to Original List Price Ratio is up from 89% to 92% and those previously mentioned days on the market fell precipitously from 101 to 37. The real good news in all of that is that the escrows have more than doubled rising from 14 in January 2011 to 30 for January 2012. But while the numbers of escrows are up the median list price on those escrows has dropped from $422,500 to $365,500.
Of the 12 sales 5 were below $300,000 with 5 over $500,000 and 1 over $1 million. The highest priced sale for the month was for $1.2 million while the least expensive condo sold for $150,000. That wide diversity of sales gives us an average sales price of $485,241 and a median sales price of $353,000.
Looking at the Districts, Carpinteria/Summerland sales are down from 5 to 2 with the median sales price falling from $350,000 to $325,250. The numbers of escrows are equal in both years with 2 and the median list price on those escrows is up from $294,933 to $410,000.
Montecito condo sales are up with 1 in 11 and 2 in 12 with the median sales price up from $890,000 to $1,034,950.The numbers of escrows are also up with 1 in 11 and 2 in 12 with the median list price on those escrows also up from $998,000 in 11 to $1,394,740 in 12.
East of State St sales are down from 3 to 1 with the median sales price rising from $450,000 to $630,000. The numbers of escrows are up going from 2 to 7 with the median list price on those escrows dropping from $709,450 last year to $399,000 this year.
West of State St sales are up from 1 to 4 with the median sales price rising from $315,000 to $515,000. The escrows are up from 2 to 8 with the median list price on those escrows falling from $847,500 to $447,000.
Goleta South sales are down from 3 to 2 with the median sales price down from $335,500 to $183,750. The numbers of escrows are up from 4 to 5 with the median list price on those escrows down from $362,975 to $349,000.
Goleta North sales are down from 4 to 1 with the median sales price down from $382,000 to $285,000. The escrows are up from 3 to 7 with the median list price on those escrows falling from $479,000 to $349,900.
For both the Home Estate/PUD and Condo markets it looks like 2012 will continue where we left off 2011. Sales for both segments look like they will continue to increase while the median sales price continues to drop.
Gary Woods
For the Santa Barbara area of Goleta Real Estate South for the first month of 12 in the Single Family Home market 4 properties closed escrow with a median sales price of $497,500 and an average sales price of just over $490,000. In 11 there were 4 sales with a median sales price of $707,500 and an average list price of $708,750. This year there have been 16 open escrows with a median list price of $549,000 and last year there were 4 open escrows with a median list price of just over $900,000. Right now there are 14 Home Estate/PUDs available for purchase with a median list price of $716,750 and an average list price of $1.864 million.
For the Santa Barbara area of Goleta Real Estate South for the first month of 12 in the Condo market 2 closed escrow with a median and average sales price of $183,750. Last year there were 2 closed escrows with a median and average sales price of $335,500. This year there are 5 open escrows with a median list price of about $349,000 compared to last year when there were 4 open escrows with a median list price just under $363,000. Right now there are just 9 Condos available for purchase in Goleta South with a median list price of $249,000 and a median list price of $300,633.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first month of 12 in the Single Family Home market there has been 2 sales with a median and average sales price of $1.532 million and last year there was 1 sale with a sales price of $1,600,000. This year 3 escrows have opened with a median list price of about $2.9 million compared to last year with there were 3 escrows opened with a median list price of $1.9 million. Right now there are 15 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.595 million and an average list price of $6.136 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first month of 08 in the Condo market there was no activity.
For the Santa Barbara Real Estate area of West of State St for the first month of 12 in the Single Family Home market 7 properties closed escrow up from 15 in 11. The median sales price also went down from $630,000 in 11 to $508,000 in 12. The average sales price went down as well from $772,613 to $656,371. The numbers of escrows were the same in both years with 15 with a median list price of $699,950 in 11 and a median list price of $750,000 in 12. Right now there are 66 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $824,000 and an average list price of about $1.085 million.
For the Santa Barbara Real Estate area of West of State St for the first month of 12 in the Condo market 3 closed escrow with a median sales price of $515,000 and an average sales price of $509,666. Last year there were 2 closed escrows with a median & average sales price of $315,000. This year there are 8 open escrows with a median list price of about $450,000 compared to last year when there were 2 open escrows with a median list price just under $847,500. Right now there are just 26 Condos available for purchase on the West Side of Santa Barbara with a median list price of $462,500 and a median list price of $587,057.
For the Santa Barbara Real Estate area of East of State St for the first month of 12 in the Single Family Home market 24 homes closed escrow compared to 5 in 11. The median sales price went down however from $1.4 million in 11 to $891,000 in 12. The average sales price also went down from $1.312 million last year to $1.019 million this year. There were 29 escrows opened this year with a median list price of $899,000 and last year there were 13 escrows opened with a median list price of $1,095,000. Right now there are 93 condos available for purchase on the East Side of Santa Barbara with a median list price of $1.195 million and an average list price of $1,674,396.
For the Santa Barbara Real Estate area of East of State St for the first month of 12 in the Condo market 1 sale has occurred with a sold price of $630,000. Last year there were 3 sales with a median sold price of $450,000 and an average sold price of $603,166. In 11 there were 2 escrows opened with a median list price of $709,450 in 12 there have been 8 escrows opened with a median list price of $417,000. Right now there are 39 condos available for purchase on the East Side of Santa Barbara with a median list price of $699,000 and an average list price of $780,125.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 12 in the Single Family Home market 12 homes closed escrow compared to 4 in 11 but the median sales price dropped significantly from $3.15 million last year to $1.82 million this year. The average sales price also took a big hit dropping from $3.167 million last year to $2.787 million this year. This year there were 15 escrows opened with a median list price of $2.195 million and in 11 there were 5 escrows opened with a $3.595 million median. Right now there are 161 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.45 million and an average list price of $5,512,083.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 12 in the Condo market there was 2 sales with a median an average sales price of $1,034,950 and last year there was 1 sale for $890,000. This year there were 2 opened escrows with a median list price of $1,394,740 and last year there were 1 escrow opened with a list price of $998,000. Right now there are 18 condos available for purchase in Montecito with a median list price of about $949,500 and an average list price of $1.213 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 12 for the Home Estate/PUD market there were 6 sale compared to 1 in 2011. The sales price in 11 was $591,000 and the 6 sales in 12 had a median sales price of $650,000. Again the 1 sale in 11 was for $591,000 and the 6 sales in 2012 had an average sales price of $778,500. There were 8 homes that went into escrow this year with a median list price of $749,500 and last year there were 2 opened escrows with a median list price of $632,450. Right now there are 41 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $2.129 million and an average list price of $4.625 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 12 in the Condo market there were 2 sales compared to 5 in 11 but the median sales price fell from $350,000 last year to $325,250 this year. The average sales price rose however from $317,980 in 11 to $325,250 in 12. There were 2 escrows opened in both years but the median list price on those escrows rose this year from $294,933 in 11 to $354,500 in 12. Right now there are 14 condos available for purchase in Carpinteria/Summerland with a median list price of $377,000 and an average list price of $489,750.
The Condo market for the Goleta Real Estate North area of Santa Barbara the numbers of properties available through January 21 there have been 17 listings compared to 13 last year for a 30% rise. The numbers of escrows is equal with 2 in both years and the sales are down from 4 to 0. The average sales price for 2011 was $437,750.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North through January 21 there have been 70 listings compared to 94 last year for a 25% drop. The numbers of escrows are up from 9 to 14 for a 55% rise with the numbers of sales up from 7 to 9 for a 28% rise. The average sales price is down from $841,257 to $649,333 for a 22% decline.
The PUD market for the Santa Barbara Real Estate area of Goleta North through January 21 there have been 11 listings this year compared to 6 last year but there was 1 escrow in both years. The sales are up with 2 this year from 1 last year but this year the average sales price is down $675,000 last year compared to $466,500 this year.