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.
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 July 27 to August 27 there were 8 sales this year compared to 15 last year and the median sales price fell from $675,000 in 09 to $642,500 this year. The average sales price went up however from about $740,000 to $1.25 million. There were 12 opened escrows this year with a median list price of $680,000 while last year there were 6 opened escrows with a median list price of $624,000. Right now there are 74 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1.2 million and an average list price of $3.76 million.
For
Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 3 sales this year compared to 6 last year and the median sales price declined from $471,000 to $350,000. The average sales price fell from just over $1 million to about $345,000. In 10 there were 6 opened escrows with a median list price of $415,000 while last year there were 6 opened escrows with a median list price of $425,000. Right now there are 38 condos available for purchase in Carpinteria/Summerland with a median list price of $450,000 and an average list price of $740,000.
For Goleta Real Estate North area for the Home Estate/PUD market through August 20 there are 101 properties available for purchase with an average list price of about $1.9 million. The highest priced listing is on the market for $22 million while at the other end of the spectrum is one on the market for just $295,000 giving us a median list price of about $975,000.
There are 28 properties in escrow with an average list price of $811,282. The highest priced property in escrow is listed at $2.95 million while at the other end of the spectrum is one listed for $95,000 giving us a median list price for homes in escrow of $669,000.
Through August 20 there have been 109 sales in the area with an average sales price of about $860,000. The most expensive sale was for $7.325 million while at the other end of the scale is one that sold for $425,000 giving us a median sold price for the area of $25,000.
For the condo Goleta Real Estate through August 20 there are 19 properties available for purchase with an average list price of about $445,707. The most expensive condo listed in the area is asking just under $900,000 while the least expensive property can be had for $259,000 giving us a median list price of $429,000.
Right now there are 7 condos in escrow with an average list price of about $420,000. The highest priced condo currently in escrow is listed for $709,000 while at the other end of the spectrum is one listed for $231,300 giving us a median list price for condos in escrow of $359,014.
Through August 20 there have been 28 sales with an average sales price of about $385,000. The highest priced sale was for $535,000 while at the other end of the scale is a sale of $201,800 giving us a median sales price through this part of the year of about $410,000.
For Goleta Real Estate South area for the Home Estate/PUD market through August 20 there are currently 33 properties available for purchase with an average list price of about $1.33 million. The highest price property is listed at $11.9 million while the least expensive home can be had for $399,000 giving us a median list price for the area of $850,000.
There are 16 homes in escrow in the area with an average list price of about $1.02 million. The most expensive home in escrow is listed at $1.675 million while the least expensive property in escrow is on the market for about $600,000 giving us a median list price of homes in escrow in Goleta South of $849,000.
Through August 20 there have been 64 sales with an average sales price of about $740,000. The highest priced listing sold for $2.25 million while at the other end of the scale is a property selling for $270,000 giving us a median sales price through August 20 of $665,000.
For the condo market in Goleta Real Estate South through August 20 there are just 9 properties available for purchase with an average list price of about $505,000. The highest priced listing is on the market for $650,000 while at the other end of the scale is one listed for about $275,000 giving us a median list price of available properties of $519,000.
Right now there are 10 condos in escrow with an average list price of about $373,190. The highest priced condo in escrow is listed for about $555,000 while the least expensive condo in escrow is listed at $219,000 giving us a median list price of condos in escrow of just under $372,900.
Through August 20 there have been 28 condo sales with an average sales price of $367,182. The most expensive condo sold for $594,500 while the least expensive condo sold for $215,000 giving us a median sold price through August 20 of $348,000.
For Hope Ranch Real Estate for Home Estate/PUDs through August 20 there are 30 properties available in the area with an average list price of $5.45 million. The most expensive listing is on the market for $29 million while at the other end of the scale is one listed at $3.295 million giving us a median list price for the area of about $719,000.
Right now there are 2 properties in escrow with an average list price of $2.7 million. The most expensive home in escrow is listed for $2.9 million while the other property is on the market for $2.5 million.
Through August 20 there have been 12 homes sold in Hope Ranch with an average sales price of about $3.4 million. The most expensive sale was for $7.35 million while the least expensive sale was for $1.02 million giving us a median sales price through August 20 of just under $2.5 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 August 20 there are currently 105 Home Estate/PUDs available for purchase with an average list price of $1.26 million. The most expensive property on the market can be had for about $7 million while at the other end of the scale is one listed for just under $380,000 giving us a median list price for the area of $970,000.
There are 28 properties currently in escrow with an average list price of $905,607. The most expensive property in escrow right now is listed for $1.695 million while at the other end of the scale is one listed at just $395,000 giving us a median list price of homes in escrow of $795,000.
So far in 10 there have been 116 home sales in the area with an average sales price of $967,034. The highest priced sale was for about $3.175 million while at the other end of the scale is one that sold for $265,000 giving us a median sales price for the year of $800,000.
For the Condo market on the West Side of Santa Barbara Real Estate through August 20 there are 37 properties available for purchase with an average list price of about $812,649. The highest priced listing in the area is on the market for $2.75 million while the least expensive condo can be had for $369,900 giving us a median list price for the area of $594,342.
There are 11 condos currently in escrow in the area with an average list price of about $595,926. The highest priced listing currently in escrow is on the market for $1.095 million while at the other end of the scale is a property listed at about $390,000 giving us a median list price for condos in escrow of about $500,000.
Through August 20 there have been 50 condo sales on the West Side of town with an average sales price of about $520,000. The highest price sale was for $1.32 million while the least expensive sale was for $342,000 giving us a median sales price of $495,000.
For the East of State St area of Santa Barbara Real Estate through August 20 there are currently 102 Home Estate/PUDs available for purchase in the area with an average list price of $1.68 million. The highest priced listing is on the market for $9.3 million while the least expensive property is listed for $425,000 giving us a median list price of about $1.365 million.
There are currently 36 homes in escrow in the area with an average list price of about $992,521. The highest priced listing in escrow is on the market for $2.595 million while the least expensive property is listed at just $325,000 giving us a median list price for homes in escrow of $825,000.
Through August 20 there have been 143 sales in the area with an average sales price of $1.18 million. The highest priced sale went out for $7.6 million while the least expensive property sold for just $237,775 giving us a median sales price of $950,000.
The condo market for the East Side of Santa Barbara Real Estate through August 20 there are 34 properties available for purchase with an average list price of about $789,755. The most expensive condo listed in the area is on the market for $1.69 million while the least expensive condo is listed for $349,000 giving us a median list price for the area of $670,000.
There are 11 condos in escrow right now with an average list price of about $663,000. The most expensive property currently in escrow is listed for $1,295,000 while the least expensive property is listed at just under $425,000 giving us a median list price of condos in escrow of $499,000.
This year through August 20 there have been 46 condo sales with an average sales price of about $570,000. The highest priced sale was for $2.175 million while the least expensive condo sold for $207,000 giving us a median sales price for the area of $467,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through August 20there are currently 154 Home Estate/PUDs for sale with an average sales price of about $5.2 million. The most expensive listing is on the market for $42.5 million while at the other end of the scale you can get a home in Montecito for just $780,000 giving us a median list price for the area of about $3.3 million.
With all those listings we have 22 homes in escrow right now with an average list price of $3.93 million. The highest priced property in escrow is listed for $15.3 million while the other end shows us a property in escrow listed for just $800,000 giving us a median list price for homes in escrow of about $2.3 million.
Through August 20 there have been 78 sales with an average sales price of about $3.8 million. The highest priced sale through that time sold for $15.5 million while the least expensive home sold for just $685,000 giving us a median sales price for the area of about $2.5 million.
For the Condo market in Montecito Real Estate there are currently 24 available with an average list price of about $1.43 million. The most expensive condo in Montecito right now can be had for just under $3 million while the least expensive condo is listed for $595,000 giving us a median list price of about $1.395 million.
Right now there is 1 condo in escrow with a list price of $929,900
There have been 13 condo sales this year with an average sales price of about $1.2 million. The most expensive condo sold for $3 million while the least expensive property went out at $540,000 giving us a median sales price thus far in 10 of $1,050,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through August 20 there are 75 properties available for sale in the area with an average sales price of $3.9 million. The highest priced listing is on the market for $29 million the least expensive property can be had for just under $300,000 giving us a median list price of $1.2 million.
In escrow currently there are 17 homes in escrow with an average list price of $1.17 million. The most expensive listing in escrow is on the market for $7.5 million while the least expensive property in escrow is listed at $459,000 giving us a median list price for properties in escrow of $650,000.
Looking at Sold properties through August 20 there have been 44 sales with an average sales price of $1.2 million. The most expensive property thats been sold went out at $1.625 million while the least expensive sale was for about $220,000 giving us a median sales price of those 44 sale of $675,000.
For the condo market in Carpinteria Real Estate/Summerland Real Estate there are currently 40 properties available with an average list price of $732,500. The highest priced listing is on the market for about $4.3 million while the lowest priced property is listed at $227,900 giving us a median list price of $445,000.
In escrow right now there are 10 properties with an average list price of about $390,000. The highest priced property in escrow is listed for $719,000 while the least expensive property in escrow is being marketed at $250,000 giving us a median list price of properties in escrow of $355,000.
Through August 20 there have been 40 sales with an average sales price of $443,500. The most expensive condo sold for $2.25 million while the least expensive condo sold for 1/10 of that at $225,000 giving us a median sold price for the area of $385,000.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through August 13 there have been 106 sales compared to 92 last year for a 15% rise while the median sales price rose from $707,500 last year to $730,000 this year for a 3% rise.
The gap between the median list price of $937,500 and the median sales price of $729,500 gives us a gap of 22% compared to last year when the median list price was $1.28 million compared to the median sales price of $707,500 gave us a 44% gap.
For the condo market in Goleta Real Estate North through August 13 there have been 28 sales in both years but this year the median sales price went up to $408,500 from $355,000 last year for a 15% rise.
The gap between the median list price of $429,000 and the median sales price of $409,000 gives us a 5% gape while last year the median list price of $439,000 and a median sold price of $355,000 gave us a 20% gap.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through August 13 there have been 64 sales compared to last year when there were 54 for a 19% rise but the median sales price of $667,500 this year is 7% below last years number of $717,500.
The gap between the median list price of $849,000 and the median sold price of $667,500 gives us a 22% and last year the median list price of $1.1 million combined with the median sold price of $717,500 for a 35% gap.
For the condo market in Goleta Real Estate South through August 13 there have been 28 sales compared to 43 last year for a 35% and the median sales price declined from $465,000 last year to $350,000 this year for a 25% drop.
The gap between the median list price of about $459,000 and the median sold price of $350,000 give us a 24% while last year the median list price of $450,000 and the median sold price of $465,000 gave us a positive gap of 3.6%.
For Santa Barbara Real Estate Hope Ranch Real Estate for the Home Estate/PUD market through August 13 there have been 12 sales compared to 10 last year for a 20% rise and the median sales price has gone up from $2.26 million last year to $2.41 million this year for a 7% rise.
The gap this year of the median list price of about $3.42 million and the median sales price of $2.41 million gives us a 30% gape and last year the median list price was $2.9 million and when combined with the median sales price of $2.26 million gave us a gap of 22%.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through August 13 there have been 112 sales compared to 94 last year for a 20% rise while the median sales price went up from $735,000 last year to $800,000 this year for a 9% rise.
The gap between the median list price of $970,000 and the median sold price of $800,000 gives us a 18% gape while last year the median list price was $1.14 million and when combined with the median sold price of $735,000 it gives us a 35% gape.
For the Santa Barbara Real Estate West Side condo market there have been 47 in 10 compared to 38 last year for a 24% rise. But the median sales price went down from $501,500 last year to $497,000 this year for a 0.9% decline.
The gap of the median list price of $539,000 and the median sold price of $497,000 gives us a 8% gape while last year the median list price was $588,000 and the median sold price of $501,500 gape us a 15% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through August 13 there have been 138 sales this year compared to 108 last year for a 28% rise while the median sales price has gone up from $930,000 last year to $960,000 this year for a 28% rise.
The gap between the median list price of $1.3 million median list price and the $960,000 for a 26% gap while last year the median list price was $1.255 combined with the median sales price of $930,000 gave us a 26% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through August 13 there have been 45 sales compared to last year when there were 34 for a 32% rise but the median sales price has slipped from $513,500 last year to $467,000 this year for a 9% drop.
The gap for 10 with a median list price of $675,000 and a median sales price of $467,000 gives us a 31% gap while last year the median list price of $685,000 combined with a median sold price of $513,500 for a 25% gap.
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through August 13 there have been 76 sales compared to 69 last year for a 6.5% rise and the median sales price has gone up from $2.34 million last year to $2.5 million.
The difference between the median list price of $3.5 million and the median sold price of $2.5 million give us a 29% gap while last year the median list price was $3.6 million and when compared to the median sold price of $2.34 million it gives us a 35% gap.
For the condo market in Montecito Real Estate through August 13 2010 there have been 13 sales this year compared to 3 last year for a 333.3% rise and the median sales price rose from $715,000 last year to $1,050,000 this year for a 47% rise.
The gap between the median list price of $1.475 million this year and the $1,050,000 last year gives us a 29% gap while last year the median list price was $1.65 million compared to the $715,000 median sales price yields a 57% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through August 13 there have been 42 sales compared to 36 last year for a 27% rise but the median sales price has declined from $712,500 to $675,000 last for a 5.3% decline
The gap between the median list price of $1.2 million and the $675,000 median sales price is 44% compared to last year when the median list price was also $1.2 million but the median sales price was $712,500 for a 40% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through August 13 there have been 40 sales this year compared to 28 last year for 43% rise while the median sales price dropped from about $400,000 to $385,000 this year for a 3.7%.
The gap between the median list price of $450,000 and the median sales price of $385,000 is 14% while last year the median list price was about $500,000 and when compared to the median sales price of $400,000 the gape was 20%.
The Condo market for the Goleta Real EstateNorth area of Santa Barbara Real Estate the inventory through August 6 there have been 64 listings this year compared to 76 last year with the escrows declining from 37 in 09 to 34 in 10. But the numbers of sales is about equal with 26 in 09 compared to 25 in 10 and the average sales price is very close together sliding slightly from $390,000 in 09 to $383,000 in 10.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings through August 6 there have been 272 listings this year compared to 204 last year and the escrows are up from 93 to 113. The numbers of sales is also up from 88 to 98 and the average sales price is up from $850,000 last year to$890,000 this year.
The PUD market for the Santa Barbara Real Estate area of Goleta North the overall inventory through August there have been 25 listings this year compared to 8 last year and the escrows are way up to 14 compared to 5 last year. The sales are also more than double going from 5 to 11. Plus the average sales price rose from $532,000 last year to $686,000 this year.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through August there have been 45 listings this year compared to 85 last year and the numbers of escrows has fallen from 53 in 09 to 31 in 10 with the numbers of sales falling from 42 last year to 28 this year. The average sales price has also declined from $460,000 last year to $365,000 this year.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through August 6 there have been 127 listings this year compared to 133 last year. The numbers of escrows is also close rising from 59 last year to 63 this year but the sales have gone up farther from 48 last year to 64 this year. But the average sales price has dropped from $872,000 last year to $740,000 this year.
The PUD market for the Santa Barbara Real Estate area of Goleta South through August 6 there have been 9 listings this year compared to 10 last year. The escrows are non-existent this year compared to 4 last year and the sales are almost MIA with 5 last year. Those 5 has an average sales price of $863,000.
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 August 6 there have been 55 listings this year compared to 58 last year. Both years have 11 escrows but this year there have been 11 sales compared to 8 last year. The average sales price also went up from $3.3 million last year to $3.6 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 of Santa Barbara Real Estate the total numbers of listings through August 6 there have been 125 listings this year compared to 142 last year. There have been 55 opened escrows this year compared to 46 last year and there have been 47 sales this year compared to 36 last year. But the average sales price has declined from $592,000 last year to $527,000 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 August 6 there have been 305 listings compared to 275 last year but the escrows are way up from 108 last year to 137 this year. The sales are also up from 96 last year to 113 this year and the average sales price has risen from $837,000 last year to about $960,000 this year.
The PUD market for the Santa Barbara area of West of State St there have been 6 listings this year and last year but this year there have been no escrows compared to 2 last year. There was 1 sale in both years but last year it was for $990,000 and this year it was $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 August 6 there have been 109 listings compared to 136 last year. The escrows have only gone up by 3 however rising from 43 last year to 46 this year while the sales went up substantially from 34 last year to 44 this year. But, the average sales price went down from $636,732 last year to $597,080 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through August 8 there have been 455 listings compared to 448 last year. The escrows are way up from 145 in 09 to 167 in 10. The sold homes are also up from 120 to 147 this year with the average sales price going up from $1.09 million to $1.22 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 there were 3 escrows last year compared to 0 this year. But there has been 1 sale this year for $531,000 compared to no sales last year.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through August 6 10 is 52 compared to 49 in 09. The escrows are way up from 3 last year to 13 this year while the sales have risen from 2 last year to 12 this year and the average sales price has gone up from $1.06 million last year to $1.23 million this year.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through August 6 there have been 461 listings compared to 462 last year. The escrows are up however from 87 last year to 96 this year with the sales rising from 73 last year to 83 this year with the average sales price going up from $3.16 million last year to $3.86 million this year.
For the PUD market in Montecito there have been 10 listings this year compared to 4 last year with the escrows rising from 1 last year to 4 this year. There have also been 3 sales this year with an average sales price of $1.45 million compared to none last year
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through August 6 there have been 109 listings compared to 94 last year and the escrows are up slightly from 39 to 43 but the sales are way up from 26 to 40 with the average sales price rising from about $400,000 last year to about $445,000 this year.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through August 6 there have been 190 listings this year compared to 187 last year. The escrows are way down however falling from 52 last year to 35 this year while the sales are up by 2 rising from 36 last year to 38 this year. The average sales price has fallen however from $1.56 million last year to $1.27 million this year.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through August 6 there have been 2 listings this year compared o4 last year. There have been no opened escrows this year compared to 2 last year but both years showed 1 sale. Last year that sale was $591,000 and this year it was $905,000.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 10 for the Home Estate/PUD market there have been 101 sales compared to 89 last year. The median sales price has risen from $707,000 in 09 to $735,000 in 10 with the average sales price going up from $840,000 last year to $870,000 this year. The escrows are also up from 89 last year to 112 this year but the median list price on those escrows is down from $749,000 in 09 to $725,000 in 10. Right now there are 98 Home Estate/PUDs available for purchase in Goleta North with a median list price of $900,000 and an average list price of $1.5 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 10 for the condo market there have been 25 sales which is exactly how many there were last year. The median sales price is also very close together going from $380,000 in 09 to $400,000 in 10. The average sales price declined slightly however going from $395,000 in 09 to $385,000 in 10. The numbers of escrows is slightly down however falling from 33 last year to 30 this year while the median list price on those escrows is slightly up from $400,000 last year to $415,000 this year. Right now there are 17 condos available for purchase in Goleta North with a median list price of $430,000 and an average list price of $460,000.
For the Home Estate/PUD market of Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate, Summerland Real Estate and Goleta Real Estate sales rose in the month of July 2010 after declining from April to June. Going from 89 in April, 85 in May and 82 in June the numbers of sales rose to 84 for July. The median sales price slid slightly however to $871,250 from $915,000 the previous month but the average sales price rose from $1.2 million in June to about $1.5 million in July. The average days on the market that it took to get an accepted offer remained at about 75 for July which is down from earlier in the year when it was in the mid 80s.
The numbers of opened escrows for the month fell back to the low 80s where they've been for most of the year after rising to over 100 in June. But, the median list price on those escrows fell below $800,000 dropping from close to $900,000 the previous month while the average days on the market that it took to get those accepted offers continued at right around 70.
The inventory of houses listed for sale went up to around 680 for the month with approximately 165 new listings coming on the market. The median list price on those new listings was just below $1 million while the median list price of the overall inventory remained at about $1.575 million.
Looking at the first 7 months of '10 compared to '09 the numbers of sales are still dramatically ahead of where they were last year but the median sales price is starting to come back to what it was last year at this time after being ahead of last year's numbers for most of this year. The numbers of escrows for '10 have slid slightly below the '09 pace and the median list price of those is declining to right about where it was last year after being above last years median list price most of the year.
Looking at the Districts, starting out in Carpinteria/Summerland the numbers of sales are still ahead of where they were last year with 38 compared to 35 but the median sales price of $675,000 this year finally fell below where it was last year when it was about $690,000. The numbers of escrows this year are way behind where they were last year so things are currently not looking very good for Carpinteria/Summerland home sales at this time.
For Montecito, there have been 79 Home Sales so far this year up from 71 last year and the median sales price is up from $2.25 million in '09 to about $2.5 million in '10. The escrows are also up from 84 to 93 this year but the median list price on those escrows has dipped slightly from $2.8 million last year to $2.75 million this year.
On the East Side of Santa Barbara home sales are way up from about 116 last year to 141 this year with the median sales price also up from $900,000 last year to $1 million this year while the average sales price is also up from $1.06 million in '09 to $1.24 million in '10.
On the West Side of Santa Barbara sales are also up from 96 last year to 112 this year with the median sales price rising from about $750,000 last year to $800,000 this year. The average sales price is also up from $835,000 last year to $950,000 this year and the escrows are way up from 107 in '09 to 135 in '10.
After being way ahead of last year's pace all year things have gotten quiet in Hope Ranch. There have been 11 sales so far this year compared to 8 last year and the median sales price is up from $2.35 million to just under $3 million.
But, the numbers of escrows have fallen behind the '09 pace with only 1 home currently in escrow which is listed for $1.95 million.
For Goleta South the numbers of sales are still ahead of '09 with 63 this year compared to 48 last year but the median sales price has dropped from $705,000 in '09 to $665,000 in '10. The numbers of escrow are even closer with 55 in '09 compared to 62 this year but the median list price on those escrows for both years is right at $725,000.
On the North Side of Goleta sales are also up from 87 last year to 98 this year and the median sales price is up from $707,000 last year to $732,000 this year. The average sales price is also very close rising from $840,000 last year to $870,000 this year.
Up until this point the '10 numbers have been substantially ahead of the '09 numbers for sales as well as median and average sales price but that should start to change because the second half of '09 started to move forward and it looks like the second half of '10 is starting to pull back.
July marked the 3rd month in a row for declining condo sales. The numbers of
sales having fallen from 37 closings in May to 34 in June down to 22 in July. The median sales price fell from May to June but leveled out in July going from $467,000 in May to $437,000 in June and stayed at about $436,000 in July. The average days on the market for those approximately 20 sales was rather brisk however coming in at 34 and the sales price to original list price ratio went up to over 95%.
The pended properties declined for the past 3 months dropping from 35 in May to 31 in June and to about 24 in July and the median list price on those pended properties dropped from $473,000 in May to $439,000 in June but came back up in July to about $479,000.
There were about 50 new listings that came on the market for the month with a median list price of about $480,000 and the overall inventory rose to about 155 available properties with a median list price of approximately $555,000 and an average list price of about $830,000.
Looking at the Districts, Carpinteria/Summerland sales are up from 26 to 39 this year while the median sales price continues to hover right around $390,000. Montecito condo sales are still way ahead with 12 compared to 2 last year but the median sales price for both years is right around $1.06 million.
On the East Side of Santa Barbara sales are up from 34 to 44 but the median sales price has dropped from $517,000 in '09 to about $465,000 in '10. The West Side of Santa Barbara also has sales above the '09 level with 46 this year compared to 36 last year and the median sales price is very close but dropping slightly from $505,000 last year to $495,000 this year.
Goleta South sales are down from 42 to 27 this year with the median sales price dropping from $455,000 to $355,000 and there are only 6 condos available for purchase in the area and the Goleta North sales show 25 for both years while the median sales price rose a little from $380,000 last year to $400,000 this year.
With sales of both homes and condos falling for the past few months and the median sales price for homes coming back to where it was last year at this time things could be cooling off for the last half of '10. The end of the first time buyer credit has brought sales down even though we still have record low interest rates. There are definitely buyers out there but getting them to commit at this time seems to be more difficult.
Gary Woods
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 7 months of 10 for the Home Estate/PUDs market there have been 59 sales compared to 50 last year but the median sales price has dropped from $705,000 last year to $665,000 this year. The average sales price has also declined from $870,000 last year to $665,000 this year but the numbers of escrows is up by 2 rising from 54 in 09 to 56 in 10. While the median list price on those escrows remains stable at $725,000. Right now there are 44 Home Estate/PUDs available for purchase in Goleta South with a median list price of $860,000 and an average list price of $1.275 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first seven months of 10 for the condo market there have been 27 sales compared to 41 last year and the median sales price has dropped from $455,000 last year to $355,000 this year. The average sales price has also dipped from $440,000 in 09 to $365,000 in 10. The numbers of escrow has fallen dramatically from 50 last year to 31 this year with the median list price on those escrows dropping from $460,000 last year to $345,000 this year. Right now there are 6 condos available for purchase in Goleta South with a median list price of $490,000 and an average list price of $500,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 10 for the Home Estate/PUD market there have been 11 sales compared to 9 last year. The median sales price has also gone up from $2.35 million last year to about $3 million this year with the average sales price rising from $3 million last year to $3.6 million this year. The numbers of escrows is down however from 12 to 11 with the median list price on those escrows dipping from $2.55 million last year to $1.95 million this year. Right now there are 31 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.4 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 SSanta Barbara Real Estate area West of State St for the first seven months of 10 for the Home Estate/PUD market there have been 104 sales compared to 92 last year and the median sales price has risen from $747,000 last year to $800,000 this year. The average sales price has gone up even further rising from $835,000 last year to $950,000 this year. The numbers of escrows have also gone up from 98 in 09 to 122 in 10 with the median list price on those escrows rising from $760,000 to $820,000. Right now there are 100 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $930,000 and an average list price of $1.25 million.
For the Santa Barbara Real Estate area West of State St for the first seven months of 10 for the condo market there have been 44 sales with a median sales price of about $495,000 compared to last year when there were 35 sales with a median sales price of $505,000. The average sales price has also dropped from $595,000 in 09 to $525,000 this year. The numbers of escrows has gone up however from 42 to 52 while the median list price on those escrows is exactly where it was last year at $499,000. Right now there are 50 condos available for purchase on the West Side of Santa Barbara with a median list price of $525,000 and an average list price of $760,000.
For the Santa Barbara Real Estate area of East of State St for the first seven months of 10 there have been 125 sales about 25% ahead of 09 when there were 101. The median sales price has also risen from $900,000 last year to $1.025 million this year with the average sales price going up from $1.06 million last year to $1.25 million this year. The escrows are also way up from 121 last year to 146 this year with the median list price of those escrows going up from about $900,000 last year to about $980,000 this year. Right now there are 155 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.4 million and an average list price of $1.7 million.
For the Santa Barbara Real Estate area of East of State St for the first seven months of 10 there have been 42 sales compared to 33 last year but the median sales price has dropped from $517,000 last year to $460,000 this year. The average sales price has also declined from $625,000 last year to $560,000 this year. The numbers of escrows however are down from 41 in 09 to 40 in 10 with t the median list price on those escrows dipping from $525,000 in 09 to about $500,000 in 10 Right now there are 36 condos available for purchase on the East Side of Santa Barbara with a median list price of $695,000 and an average list price of $820,000.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven months of 10 there have been 71 sales compared to 65 last year the median sales price has risen from $2.25 million to about $2.5 million. The average sales price has also gone up from $2.9 million last year to $3.9 million this year. The numbers of escrow is also up from 72 to 84 while the median list price on those escrows is about the same as it was last year falling slightly from $2.8 million last year to $2.75 million this year. Right now there are about 200 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.15 million and an average list price of $5.22 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven month of 10 there have been 12 sales this year compared to 2 last year but the median sales price is about the same with $1.06 million in both years. The numbers of escrows are way up from 09 when there were 3 to 12 this year with the median list price on those escrows going up from about $800,000 last year to $1.05 million this year. Right now there are 24 condos available for purchase in Montecito with a median list price of about $1.4 million and an average list price of $1.45 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 7 months of 10 the sales are up by about 20% to 38 compared to 31 last year but for the first time this year the median sales price has dropped below the 09 numbers to $675,000 from $689,500. The average sales price is also down from $1.43 million to $1.29 million this year and the pending sales are down from 43 last year to 34 this year with the median list price on those pended sales dropping to $625,000 in 10 from just below $700,000 in 09. Right now there are 82 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.2 million and an average list price of $3.5 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate Real Estate for the first 7 months of 10 in the condominium market there 38 sales compared to 26 last year. The median sales price however is down slightly from just under $400,000 last year to $390,000 this year with the average ahead of where it was rising from $395,000 last year to about $450,000 this year. The numbers of escrow are also up from 31 to 41 with a median list price on those escrows falling from $450,000 last year to $400,000 this year. Right now there are 33 condos available for purchase in Carpinteria/Summerland with a median list price of $480,000 and an average list price of about $780,000.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of June 22 to July 22 there were 18 sales this year compared to 15 last year and the median sales price went up from $705,000 last year to about $785,000 this year. The average sales price also went up from $870,000 last year to $1.23 million this year. There were 13 opened escrows this year with a median list price of about $600,000 and last year there were 11 opened escrows with a median list price of $720,000. Right now there are 95 Home Estate/PUDs available for purchase in Goleta North with a median list price of $895,000 and an average list price of $1.5 million.
For the condo market in Goleta Real Estate North for the same period there were 2 sales this year with a median sales price of about $415,000 and last year there were 7 sales with a median sales price of $407,000. The average sales price also went up from $390,000 in 09 to $415,000 in 10. The numbers of opened escrows was 5 this year with a median list price of $450,000 compared to last year when there were 4 opened escrows with a median list price of $400,000. Right now there are 17 condos available for purchase on the North Side of Goleta with a median list price of $429,000 and an average list price of $470,000.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from June 22 to July 22 there were 8 sales with a median sales price of $715,000 and an average sales price of about $695,000. Whereas last year there were 11 sales with a median sales price of $800,000 and an average sales price of $950,000. For the same period there were 4 escrows opened this year with a median list price of $789,000 and last year there were 8 opened escrows with a median list price of $660,000. Right now there are 45 Home Estate/PUDs available for purchase with a median list price of $869,000 and an average list price of $1.28 million.
For the condo market in Goleta Real Estate South for the same period there were 4 sales this year compared to 12 last year and the median sales price has dropped from about $500,000 last year to about $300,000 this year. The average sales price has also declined from $490,000 last year to $315,000 this year. For the same period there were 5 escrows opened with a median list price of $419,000 and last year there were 6 escrows opened with a median list price of $460,000. Right now there are 7 condos available for purchase on the South Side of Goleta with a median list price of $490,000 and an average list price of $475,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of June 22 to July 22 this year there was 1 sale for $1.325 million and last year there was 1 sale for $745,000. This year there was 1 opened escrow for $999,000 while last year there were 3 escrows with a median list price of $2.2 million. Right now there are 33 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.295 million and an average list price of $5.24 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 June 22 to July 22 there were 19 sales this year compared to 14 last year. But the median sales price fell this year to $700,000 from $721,000 last year with the average sales price rising however from $765,000 last year to $853,000 this year. The numbers of escrows grew enormously this year from 8 in 09 with a median list price of $849,000 to 24 opened escrows with a median list price of $775,000 in 10. Right now there are about 100 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $989,000 and an average list price of $1.26 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 3 sales this year with a median sales price of $539,000 and an average sales price of $756,000 compared to last year when there were 10 sales with a median sales price of about $495,000 and an average sales price of $560,000. This year there were 6 opened escrows with a median list price of $487,500 and last year there were 3 opened escrows with a median list price of $419,000. Right now there are 53 condos available for purchase with a median list price of $525,000 and an average list price of $750,000.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 17 sales from June 17 to July 17 with a median sales price of $1.05 million and an average sales price of $1.16 million. Last year there were 21 sales with a median sales price of $955,000 and an average sales price of $1.035 million. During that same time period there were 24 escrows opened up with an $899,000 median list price and last year there were 22 escrows opened with a $750,000 median list price. Right now there are about 150 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.4 million and an average list price of about $1.7 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 8 sales this year with a median sales price of $447,500 and an average sales price of about $530,000. Last year there were 5 sales with a median sales price of $578,000 and an average sales price of about $720,000. During that same time period 1 escrow was opened with a list price of $199,000 while last year there were 8 escrows opened with a median list price of $445,500 and an average list price of about $485,000. Right now there are 38 condos available for purchase on the East Side of Santa Barbara with a median list price of $695,000 and an average list price of about $830,000.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 14 sales from Jun 22 to July 22 with a median sales price of about $3.4 million. Last year there were 12 sales and the median sales price was $2.11 million. The average sales price also from $2.77 million in 09 to $3.9 million in 10. During that period there were 13 escrows opened this year with a median list price of $2.75 million while last year there were 14 escrows opened with a median list price of just under $4 million. Right now there are about 190 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.45 million and an average list price of about $5.4 million.
For the Condo market in Montecito Real Estate for the same period there were 2 sales this year with an average and median sales price of $930,000 whereas last year there were no sales. During that same time period this year 1 escrow opened with a list price of $895,000 compared to last year when 1 escrow also opened with a list price of $795,000. Right now there are 22 condos available for purchase in Montecito with a median list price of $1.475 million and an average list price of $1.49 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 June 22 to July 22 there were 3 sales this year and 7 last year. For the 3 this year the median sales price was $560,000 while last year it was $700,000. The average sales price took a big tumble falling from $1.15 million last year to $590,000 this year. The escrows were up this year however with 9 in 10 compared to 7 in 09 and the median list price of those escrows rose from $510,000 last year to $625,000 this year. Right now there are 77 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1.2 million and an average list price of $3.4 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 4 sales this year compared to 7 last year and the median sales price fell from just under $400,000 last year to $355,000 this year. The average sales price always went down from about $365,000 last year to about $335,000 this year. The numbers of escrows went up however from 6 in 09 with a median list price of $460,000 to 9 in 10 with a declining median list price of $320,000. Right now there are 30 condos available for purchase in Carpinteria/Summerland with a median list price of $525,000 and an average list price of $862,690.
For Goleta Real Estate North area for the Home Estate/PUD market through July 16 there are 98 properties available for purchase with an average list price of about $1.5 million. The highest priced listing is on the market for $10.9 million while at the other end of the spectrum is one on the market for just $95,000 giving us a median list price of $889,000.
There are 23 properties in escrow with an average list price of $662,773. The highest priced property in escrow is listed at $1,065,000 while at the other end of the spectrum is one listed for $539,000 giving us a median list price for homes in escrow of $620,000.
Through July 16 there have been 94 sales in the area with an average sales price of about $890,000. The most expensive sale was for $7.325 million while at the other end of the scale is one that sold for $425,000 giving us a median sold price for the area of $735,000.
For the condo market in Goleta Real Estate through July 16 there are 14 properties available for purchase with an average list price of about $490,000. The most expensive condo listed in the area is asking just under $1 million while the least expensive property can be had for $299,000 giving us a median list price of $429,000.
Right now there are 12 condos in escrow with an average list price of about $400,000. The highest priced condo currently in escrow is listed for $709,000 while at the other end of the spectrum is one listed for $231,300 giving us a median list price for condos in escrow of $364,500.
Through July 16 there have been 21 sales with an average sales price of $386,052. The highest priced sale was for $535,000 while at the other end of the scale is a sale of $201,800 giving us a median sales price through this part of the year of $410,000.
For Goleta Real Estate North area for the Home Estate/PUD market through July 16 there are currently 43 properties available for purchase with an average list price of about $1.3 million. The highest price property is listed at $11.9 million while the least expensive home can be had for $399,000 giving us a median list price for the area of $869,000.
There are 14 homes in escrow in the area with an average list price of about $875,000. The most expensive home in escrow is listed at $1.675 million while the least expensive property in escrow is on the market for about $500,000 giving us a median list price of homes in escrow in Goleta South of $789,000.
Through July 16 there have been 53 sales with an average sales price of about $715,000. The highest priced listing sold for $2.25 million while at the other end of the scale is a property selling for $270,000 giving us a median sales price through July 16 of $650,000.
For the condo market in Goleta Real Estate North through July 16 there are just 6 properties available for purchase with an average list price of about $475,000. The highest priced listing is on the market for $695,000 while at the other end of the scale is one listed for about $230,000 giving us a median list price of available properties of $459,000.
Right now there are 10 condos in escrow with an average list price of about $377,790. The highest priced condo in escrow is listed for about $555,000 while the least expensive condo in escrow is listed at $219,000 giving us a median list price of condos in escrow of just under $375,000.
Through July 16 there have been 25 condo sales with an average sales price of $372,464. The most expensive condo sold for $594,500 while the least expensive condo sold for $215,000 giving us a median sold price through July 16 of $355,000.
For Hope Ranch Real Estate for Home Estate/PUDs through July 16 there are 30 properties available in the area with an average list price of $5.45 million. The most expensive listing is on the market for $29 million while at the other end of the scale is one listed at $1.795 million giving us a median list price for the area of about $3.3 million.
Right now there is just 1 property currently in escrow that is listed for $999,900
Through January there have been 11 homes sold in Hope Ranch with an average sales price of about $3.6 million. The most expensive sale was for $7.35 million while the least expensive sale was for $1.325 million giving us a median sales price through July 16 of just under $3 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 July 16 there are currently 96 Home Estate/PUDs available for purchase with an average list price of $1.29 million. The most expensive property on the market can be had for about $7 million while at the other end of the scale is one listed for just under $400,000 giving us a median list price for the area of $995,000.
There are 32 properties currently in escrow with an average list price of $1.075 million. The most expensive property in escrow right now is listed for $3.175 million while at the other end of the scale is one listed at just $324,900 giving us a median list price of homes in escrow of $795,000.
So far in 10 there have been 95 home sales in the area with an average sales price of $935,000. The highest priced sale was for about $2.9 million while at the other end of the scale is one that sold for $405,000 giving us a median sales price for the year of $800,000.
For the Condo market on the West Side of Santa Barbara Real Estate through July 16 there are 51 properties available for purchase with an average list price of about $770,000. The highest priced listing in the area is on the market for $2.75 million while the least expensive condo can be had for $345,000 giving us a median list price for the area of $345,000.
There are 13 condos currently in escrow in the area with an average list price of about $590,000. The highest priced listing currently in escrow is on the market for $1.349 million while at the other end of the scale is a property listed at about $400,000 giving us a median list price for condos in escrow of $523,000.
Through July 16 there have been 41 condo sales on the West Side of town with an average sales price of about $505,000. The highest price sale was for $985,000 while the least expensive sale was for $342,000 giving us a median sales price of $495,000.
For the East of State St area of Santa Barbara Real Estate through July 16 there are currently 151 Home Estate/PUDs available for purchase in the area with an average list price of $1.66 million. The highest priced listing is on the market for $9.3 million while the least expensive property is listed for $329,000 giving us a median list price of about $1.4 million.
There are currently 36 homes in escrow in the area with an average list price of about $875,000. The highest priced listing in escrow is on the market for $1.625 million while the least expensive property is listed at just $325,000 giving us a median list price for homes in escrow of $825,000.
Through July 16 there have been 121 sales in the area with an average sales price of $1.24 million. The highest priced sale went out for $7.6 million while the least expensive property sold for just $275,000 giving us a median sales price of $975,000.
The condo market for the East Side of Santa Barbara Real Estate through July 16 there are 35 properties available for purchase with an average list price of about $830,000. The most expensive condo listed in the area is on the market for $1.69 million while the least expensive condo is listed for $429,000 giving us a median list price for the area of $749,000.
There are 9 condos in escrow right now with an average list price of about $480,000. The most expensive property currently in escrow is listed for $695,000 while the least expensive property is listed at just under $200,000 giving us a median list price of condos in escrow of $450,000.
This year through July 16 there have been 41 condo sales with an average sales price of about $570,000. The highest priced sale was for $2.175 million while the least expensive condo sold for $290,000 giving us a median sales price for the area of $467,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through July 16 there are currently 193 Home Estate/PUDs for sale with an average sales price of about $5.4 million. The most expensive listing is on the market for $42.5 million while at the other end of the scale you can get a home in Montecito for just $818,000 giving us a median list price for the area of about $3.5 million.
With all those listings we have 18 homes in escrow right now with an average list price of $4.23 million. The highest priced property in escrow is listed for $15.3 million while the other end shows us a property in escrow listed for just $785,000 giving us a median list price for homes in escrow of about $2.5 million.
Through July 16 there have been 67 sales with an average sales price of about $4 million. The highest priced sale through that time sold for $15.5 million while the least expensive home sold for just $685,000 giving us a median sales price for the area of about $2.5 million.
For the Condo market in Montecito Real Estate there are currently 23 available with an average list price of about $1.46 million. The most expensive condo in Montecito right now can be had for just under $3 million while the least expensive condo is listed for $699,000 giving us a median list price of about $1.47 million.
Right now there are 2 condos in escrow with an average list price of $1.324 million. The most expensive condo in escrow is listed for $1.599 million while the other property is on the market for $1,050,000.
There have been 10 condo sales this year with an average sales price of about $1.2 million. The most expensive condo sold for $3 million while the least expensive property went out at $540,000 giving us a median sales price thus far in 10 of $1,050,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estatefor the Home Estate/PUD market through July 16 there are 78 available properties with an average list price of an amazing $3.58 million. The highest priced property is on the market for $29 million while the least expensive home can be had for just under $300,000 giving us a median list price for the area of about $1.2 million.
In escrow currently there are 9 homes in escrow with an average list price of about $690,000. The most expensive home currently in escrow is listed for $950,000 while on the other end of the spectrum is a property listed at $459,000 giving us a median list price on those 9 homes in escrow of $625,000.
Looking at Sold properties through July 16 there have been 37 sales with an average sales price of $1.3 million. The most expensive sales was for $16.25 million while the least expensive home sold for just about $220,000 giving us a median sales price of $675,000.
For the condo market in Carpinteria Real Estate/Summerland Real Estatethere are currently 30 properties available for purchase with an average list price of about $850,000. The most expensive condo on the market is listed at $4.29 million while on the other end of the spectrum is one for about $240,000 giving us a median list price of $499,000.
In escrow right now there are 13 condos with an average list price of about $385,000. Topping the charts is a property listed for about $720,000 while on the other end is a condo in escrow listed for $297,000 giving us a median list price on condos in escrow of $355,000.
Through July 16 there have been 36 condo sales with an average sold price of $453,672. Topping the list is one right on the beach that sold for $2.25 million and at the other is one for about 1/10 of that which sold for $225,000 giving us a median sales price of about $390,000.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/10 to 7/7/10 there have been 92 sales compared to 79 last year and the median sales price has gone up slightly from $710,000 last year to $735,000 this year. The average sales price has also gone up from $850,000 last year to $880,000 this year. Those 92 sales took on average 68 days to get an accepted offer with another 45 days average escrow time you get a total marketing time of 113 days.
For Goleta Real Estate North condos there have been 20 sales this year compared to 22 last year and the median sales price has risen from $393,000 last year to $405,000 this year and the average sales price has gone down from about $400,000 last year to about $380,000 this year. Those 20 sales took on average 61 days to get an accepted offer and with another 38 days of escrow time added in it gives us a total marketing time of 99 days.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 10 to July 9 2010 there have been 52 sales compared to 46 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 $850,000 last year to $716,000 this year. Those 52 sales took on average 57 days to get an accepted offer and when you add in another 49 days of escrow time you have a total marketing time of 101.
For Condominiums for Goleta Real Estate South for the same time period there have been 25 sales this year compared to 35 last year. The median sales price has dropped from $414,000 last year to $355,000 this year with the average sales price declined from $420,000 last year to $372,000 this year. Those 35 sales took on average 41 days to get an accepted offer and adding in another 59 days of average escrow time gives you a total marketing time of 95 days.
For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of January 1, July 9, 2010 there have been 91 sales compared to 82 last year and the median sales price has gone up from $732,500 last year to $800,000 this year. The average sales price is also up from about $836,012 last year to $940,413 this year. Those 91 sales took on average 53 days to get an accepted offer and when you add in another 41 days of escrow time you get a total marketing time of 94 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 41 sales this year compared to 30 last year but the median sales price has gone down from $517,500 last year to $495,000 this year. The average sales price has also gone down from $623,310 last year to about $506,000 this year. Those 41 sales took on average 67 days to get an accepted offer and when you add in another 48 days of average escrow time you get a total marketing time of 115 days.
For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for January 1 10 to July 9, 10 there have been 117 sales compared to 83 last year and the median sales price has risen from $937,000 last year to $975,000 this year. The average sales price has also gone up to about $1.252 million from $1.091 million. Those 117 sales took on average 82 days to get an accepted offer and another average 39 days of escrow time to get a completed sale for a total of 158 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 39 sales compared to 30 last year but the median sales price has dropped from about $511,000 last year to $450,000 this year. The average sales price has also come down from about $588,000 last year to $562,000 this year. Those 39 sales took on average 92 days to get an accepted offer and another 62 average days of escrow time for a total marketing time of 144 days.
From 1/1/10 to 7/9/10 in Montecito Real Estate for the Home Estate/PUD market there have been 63 sales compared to 56 last year and the median sales price has risen for $2.345 million last year to $2.485 million this year. The average sales price went way up however to about $4 million this year compared to $3.12 million last year. Those 63 sales took on average almost 166 days to get an accepted offer but just 37 days to close escrow giving us a total marketing time of 203 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 11 sales this year with a median sales price of $1,062,500 and an average sales price of $1,218,600 compared to 1 sale last year with a sales price of $679,000. Those 11 sales on average took 119 days on average to get an accepted offer and just 34 days of escrow time for a total marketing time of 153 days.
From January 1 10 to May 14 10 for Home Estate/PUD in Carpinteria Real Estate/Summerland Real Estate there were 38 sales compared to 26 in 09 and the median sales price has risen from about $643,000 last year to $675,000 this year. The average however has declined from almost $1.43 million last year to about $132 million this year. Those 36 sales took on average almost 119 days to get an accepted offer and when you add in another 63 days for escrow time it took a total of 182 days on average to complete a transaction.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 36 sales compared to 20 last year but the median sales price fell from about $400,000 last year to about $390,000 this year. The average however has gone up from where it was last year at $409,000 to $453,000. Those 36 sales took on average 77 days to get an accepted offer and when you add in another 63 days for escrow time it took 140 on average days to complete a condo Carpinteria/Summerland transaction.
For the Santa Barbara Real Estate area of Goleta Real Estate
North for the first 6 months of 10 there have been 82 sales compared to 73 in '09. The median sales price has also gone up from $704,000 last year to about $735,000 this year. The average sales price has gone down however dipping from about $850,000 last year to approximately $810,000 this year. The numbers of escrow is way up from right about 80 last year to over 100 this year with the median list price on those escrow staying solid for both years at about $750,000. Right now there are 91 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $980,000 and an average list price of $1.95 million.
For the Santa Barbara Real Estate area of Goleta Real Estate
North for the first six months of 10 there have been 20 sales which is exactly what occurred last year. The median sales price is also very close together sliding just $3,000 from $408,5000 in '09 to $405,000 in '10. The average sales price is slightly down however dipping from about $405,000 last year to approximately $380,000 this year. The numbers for escrows is also close together dipping by just 1 from 30 to 29 but the median list price on those escrows slid up from just under $400,000 to about $420,000. Right now there are just 15 condos available for purchase with a median list price of $429,000 and an average list price of just about $476,000.
For the Santa Barbara Real Estate area of Goleta Real Estate
North for the first 6 months of 10 there have been 82 sales compared to 73 in '09. The median sales price has also gone up from $704,000 last year to about $735,000 this year. The average sales price has gone down however dipping from about $850,000 last year to approximately $810,000 this year. The numbers of escrow is way up from right about 80 last year to over 100 this year with the median list price on those escrow staying solid for both years at about $750,000. Right now there are 91 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $980,000 and an average list price of $1.95 million.
For the Santa Barbara Real Estate area of Goleta Real Estate
North for the first six months of 10 there have been 20 sales which is exactly what occurred last year. The median sales price is also very close together sliding just $3,000 from $408,5000 in '09 to $405,000 in '10. The average sales price is slightly down however dipping from about $405,000 last year to approximately $380,000 this year. The numbers for escrows is also close together dipping by just 1 from 30 to 29 but the median list price on those escrows slid up from just under $400,000 to about $420,000. Right now there are just 15 condos available for purchase with a median list price of $429,000 and an average list price of just about $476,000.
Looking at the Home Estate/PUD market for the greater Santa Barbara Real Estate area from Carpinteria Real Estate/Summerland Real Estate to Goleta Real Estate including Montecito Real Estate and Hope Ranch Real Estatefor the first 6 months of 10 the numbers of sales for June was 81, down from 86 in May and 89 in April. The Medium Sales Price was up slightly however going from $902,500 in May to about $915,000 in June. But, the average sales price did drop from the previous month going from $1.425 million in May to about $1.25 million in June. This decline in the average sales price was due to a fall in the numbers of homes that sold over $1 million and an increase in the sales below $1 million.
Comparing June 09 to June 10, the sales are about the same with 85 in 09 and 81 in 10 but the median sales price has gone up substantially from about $795,000 last year to $915,000 this year. What has also gone up is the numbers of escrow rising from 84 in 09 to over 100 in 10. The median list price on those escrows did not go up a lot however with 09 having an $829,000 median list price for opened escrows and 10 showing up with an $885,000 median list price for escrows opened in June.
The inventory is up from the previous month when there were about 615 Home Estate/PUDs available for purchase with a median list price of about $1.7 million to about 650 Homes on the market in June with a $1.6 million median list price
Looking at the Districts, Carpinteria/Summerland home sales are up with 35 this year compared to 26 last year and the median sales price has drifted upward from $643,000 in 09 to $675,000 in 10. What has dropped substantially this year is the numbers of escrows falling from 39 in 09 to 27 in 10. This means that most of those sales that were racked up this year were actually put into escrow last year.
Montecito has seen 57 sales this year compared to 52 last year and the median sales price has risen slightly from $2.33 million in 09 to $2.48 million in 10. But, compared to Carpinteria/Summerland the future looks bright in Montecito because the escrows are up from 54 in 09 to 72 in 10 with the median list price on those escrows holding solid at about $2.6 million for both years.
East of State St sales are way up from 74 last year to 112 this year with the median sales price rising from just under $900,000 last year to about $960,000 this year. The escrows are also way up this year so things should continue surging forward in the area.
On the West Side of town the numbers of sales are up from 78 last year to 86 this year with the median sales price also going up from $735,000 last year to about $815,000 this year. Escrows are also way ahead of last year so just like the East Side things should keep going on the West Side.
In Hope Ranch sales are up from 7 to 10 this year with the median sales price going from $2.55 million to $3.23 million. But, it looks like things have stalled in the area because escrows are holding at 11 this year compared to 10 last year with the median list price on those escrows in 10 falling to just under $2 million.
For Goleta South sales are up from 45 last year to 51 this year but the median sales price has dipped from $700,000 last year to $650,000 this year. It looks like things are slowing in the area with escrows just slightly ahead of the 09 pace but on the up side the median list price on those escrows is right about $700,000.
Goleta North sales are up from 73 in 09 to 83 in 10 with the median sales price also rising from $704,000 last year to $735,000 this year. The escrows are way up however going from 78 in 09 to over 100 in 10.
For the Home Estate/PUD market sales are remaining in that mid 80s range for the month with the median sales price still hovering around the $900,000 range for June.
For the Condo market in the Santa Barbara area there were 33 sales in June down from 37 in May but up from 32 in April. The median sales price also fell for the month from $467,000 in May to $439,000 in June. The average sales price dropped substantially however falling from about $600,000 in May to about $500,000 in June.
In June 09 there were 43 sales compared to the 33 in June 10 but the median sales price last year of $455,000 has remained rather stable for about a year. But, when you look at the period from Jan. 1 to June 30 there were 130 sales in 09 compared to 168 this year while the median sales price slid down from $467,500 in 09 to $437,000 in 10. For June 10 most of the sales were concentrated below $550,000 with only 6 of the 33 sales above that mark and no transaction above $1 million.
Looking at the Districts, Carpinteria/Summerland has 36 sales this year compared to 19 last year but the median sales price has dipped slightly from $400,000 in 09 to $393,100 in 10. The escrows are also way up from 23 last year with a median list price on those escrows of $420,00 to 35 this year with a median list price of $409,000.
In Montecito there have been 10 sales this year with a median sales price of $1,062,500 compared to only 1 sale last year for $679,000. The escrows are also up from just 1 in 09 to 12 this year so sales should remain substantially ahead in Montecito for the foreseeable future.
On the East Side Santa Barbara there have been 38 sales this year compared to 29 last year but the median sales price has dropped from $505,000 last year to $442,500 this year. The escrows are only slightly ahead this year with 38 compared to 33 last year with the median list price on those escrows going down from $539,000 in 09 to $499,000 in 10.
For the West Side condo sales have gone up from 29 in 09 to 40 in 10 but the median sales price has dropped from $520,000 last year to $496,000 this year. The escrows are also up from 36 last year with a median list price of $519,000 to 49 this year with a median list price of $515,000.
Goleta South condo sales have dropped from 32 in 09 to 24 in 10 with the median sales price of $419,500 last year down to $357,500 this year. The pending properties are also way down from 44 last year to 28 this year. This decline in activity is because of the lack of inventory in the area. Right now there are just 6 condos in Goleta South available for purchase with a median list price of $519,000.
Goleta North condo sales are right where they were last year with 20 in both years and the median sales price is also solid with $408,500 in 09 compared to $405,000 in 10. The escrows are also very close together with 30 last year and 29 this year as is the median list price on those escrows with $399,000 last year and $419,000 this year.
The inventory came up slightly in June with 147 available properties and there were 55 new listings occurring in the month showing up with a median list price of about $480,000 which is very close to the median sold price of approximately $440,000 when you consider the Sales Price to Original List Price Ratio of 90.37%.
With Home Sales remaining in the mid 80s and condo sales in the mid 30s for the month things look like theyre going to keep going for awhile especially when you consider the over 100 Home Escrows opened in June. The condo escrows are not piling up however but just matching the numbers of sales. But without an expanding inventory this is to be expected. The median sales price of homes is up slightly from $830,000 last year to about $860,000 this year over the 1st 6 months while the condo median sales price is down from $467,500 last year to $437,000 this year.
Gary Woods
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 6 months of '10 there have been 10 Home Estate/PUD sales with a median sales price of about $3.23 million compared to last year when there were just 7 sales with a median sales price of about $2.55 million. The average sales price has also gone up from $3.45 million in '09 to $3.83 million in '10. The numbers of escrow is up only slightly however going from 10 last year to 11 this year but this year the median list price on those escrows dipped markedly from $2.55 million in '09 to just under $2 million in '10. Currently there are about 30 Home Esate/PUDs available for purchase in Hope Ranch with a median list price of about $3.5 million and average list price of approximately $5.65 million
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first five months of 07 and 08 in the Condo market there was and was been no activity.
For the West of State St area of Santa Barbara Real Estate for the first 6 months there have been 86 sales this year compared to 78 last year. The median sales price has gone up from $735,000 in '09 to about $815,000 this year with the average sales price also rising from $840,000 last year to about $950,000 this year. The number of escrows is also up from 89 in '09 to 114 in '10 but the median list price on those escrows has gone up only slightly from $775,000 last year to just under $800,000 this year. Right now on the West Side of Santa Barbara there are 83 Home Esate/PUDs available for purchase with a median list price of about $1.1 million and an average list price of approximately $1.4 million.
For the West of State are of Santa Barbara Real Estate for the first six months in the condo market there have been 39 sales compared to 29 in '09 but the median sales price has dropped a little from $520,000 last year to just under $500,000 this year. The numbers of escrows is also up from 36 last year with a median list price of about $520,000 compared to this year when there have been 49 opened escrows with that same median list price of about $519,000. Right now there are about 50 Condos available for purchase on the West Side of Santa Barbara with a median list price of about $600,000 and average list price of about $790,000.
For the East of State St area of Santa Barbara Real Estate for the first 6 months for Home Estate/PUDs there have been 112 sales this year compared to 74 last year and the median sales price has risen from about $900,000 in '09 to about $960,000 in '10. The numbers of escrows is also way up from 98 last year to 122 this year with the median list price on those escrows going up from just under $900,000 to just under $1,000,000. Right now there are approximately 150 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.3 million and average list price of about $1.65 million.
For Condos on the East of State St area of Santa Barbara Real Estate for the first six months there have been 38 sales this year compared to 29 last year but the median sales price has dropped from about $505,000 in '09 to approximately $440,000 this year. The average has also declined but not quite as far falling from about $590,000 last year to approximately $560,000 this year. Right now there are 35 condos available for purchase on the East Side of Santa Barbara with a median list price of $749,000 and an average list price of $840,00
For the East of State St area of Santa Barbara Real Estate for the first 6 months for Home Estate/PUDs there have been 112 sales this year compared to 74 last year and the median sales price has risen from about $900,000 in '09 to about $960,000 in '10. The numbers of escrows is also way up from 98 last year to 122 this year with the median list price on those escrows going up from just under $900,000 to just under $1,000,000. Right now there are approximately 150 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.3 million and average list price of about $1.65 million.
For Condos on the East of State St area of Santa Barbara Real Estate for the first six months there have been 38 sales this year compared to 29 last year but the median sales price has dropped from about $505,000 in '09 toapproximately $440,000 this year. The average has also declined but not quite as far falling from about $590,000 last year to approximately $560,000 this year. Right now there are 35 condos available for purchase on the East Side of Santa Barbara with a median list price of $749,000 and an average list price of $840,000
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 6 months of 10 there have been 57 Home Estate/PUD sales compared to 52 last year the median sales price has risen from about $2.3 million to approximately $2.5 million this year. The average sales price is way up from just over $3 million this year to just under $4 million this year. The numbers of escrows is even farther up from 54 in '09 to 71 in '10 with the median list price on those escrows rising from about $2.6 million to $2.75 million. Right now there are just under 200 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.45 million and an average list price of about $5.25 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first six months there have been 10 sales compared to 1 last year. The median sales price for the year is about $1.05 million with the average over $1.2 million. Last year that one and only sale was for $679,000. The numbers of escrows is also up from just 1 last year to 12 this year with that median list price on the 12 escrows right at that sales price of $1.05 million. Right now there are 18 condos available for purchase in Montecito with a median list price of $1.45 million and an average list price just slightly higher at $1.46 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 6 months of 10 there have been 35 Home Estate/PUD sales this year compared to 26 last year and the median sales price has gone up from about $650,000 last year to $675,000 this year. The numbers of pending listings are way behind last years pace of 39 settling down to just 27 opened escrows this year and the median list price on those pended listings has fallen from about $800,000 in '09 to $625,000 in '10. Currently there are 78 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.2 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first six months for the condo market the sales are way ahead of the '09 pace rising from 19 last year to 36 this year. The median sales price however is right about where it was last year declining slightly from $400,000 in '09 to $393,0100 in '10. The numbers of escrow are also way up from 23 last year to 35 this year and the median list price on those escrows is up just lightly from $420,000 to about $410,000 this year. Right now there are just 29 condos available for purchase in Carpinteria/Summerland with a median list price of $525,000.
For Goleta North area of Goleta Real Estate for the Home Estate/PUD market through March 12 there are 71 properties available with an average list price of about $2.2 million. The most expensive property available in the area is listed for $22 million while at the other end of the spectrum theres a home on the market for $180,000. The median list price for Goleta is $995,000.
There are 20 that are in escrow right now with an average list price for those homes of about $896,430. The highest priced listing in escrow is on the market for $2.35 million while the least expensive property is listed at about $409,000. The median list price for homes in the area is just under $749,900.
Through March 12 there have been 24 Home Estate/PUD sales on the North Side of Goleta with an average sales price of about $720,000. The highest priced sale was for $1.1 million while the least expensive sale was for $450,000 giving us a median sales price of $680,000.
For the condo market in Goleta Real Estate North through March 12 there are just 15 properties available with an average list price of about $489,000. The highest priced condo is on the market for $1,059,000 and the least expensive home can be had for just $299,000. The median however is right at $459,000.
Right now there are 6 condos in escrow with an average list price of about $330,000. The highest priced condo in escrow right now is listed at $549,000 while the least expensive condo is on the market for $202,000 giving us a median list price for condos in escrow of $228,100
Through March 12 there have been 5 condo sales with an average sales price of just under $415,420. The higher priced sale was for $470,000 and the less expensive sale was for $228,100 giving us a median sales price for the area of $459,000.
In the Goleta Real Estate South area through June 17 there are just 36 Home Estate/PUDs available in the area with an average list price of about $1,075,000. The highest priced listing is on the market for $2.2 million while the least expensive home can be had for $635,000 giving us a median list price of $890,000.
There are 17 homes in escrow with an average list price of about $720,000. The highest priced property currently in escrow is listed just below $2 million while the least expensive home in escrow is on the market for right about $260,000 giving us a median list price of $697,000.
Through June 17 there have been 44 sales with an average sales price of about $720,000. The highest priced sale went out for $2.25 million while the least expensive sale sold for about $375,000 giving us a median sales price of $640,000.
For condos on the South Side of Goleta Real Estate through June 17 there are 3 listings with an average list price of about $560,000. The highest priced listing is on the market for $695,000 while the least expensive condo can be had for $429,000 with a median list price of $555,000.
There are 8 condos in escrow with an average list price of about $350,000. The most expensive condo currently in escrow is listed for $499,000 while the least expensive condo is listed for $239,500 giving us a median list price for condos in escrow of $345,000.
There have been 22 condo sales in Goleta South through June 17 there have been 22 sales with an average sales price of about $375,000. The most expensive condo purchased in the area went out at about $595,000 while the least expensive condo sold for $215,000 giving us a median sales price of $355,000.
For Hope Ranch Real Estate for Home Estate/PUDs through June 17 there are 24 properties for sale with an average list price of just under $6 million. The most expensive property is available for $29 million while the least expensive listing of $719,000 is not actually in Hope Ranch but in Carriage Hills.
Right now there are 2 properties in escrow with an average list price of about $1.8 million. The most expensive home in escrow is listed for $2.25 million while the least expensive home in escrow is listed for $1.395 million giving us a median list price for homes in escrow of $1.395 million.
Through June 17 there have been 10 sales with an averages sales price of about $3.83 million. The most expensive sale was for $7.35 million while the least expensive sale was for $1.6 million giving us a median sales price for the area of just under $3 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 June 17 there are 92 Home Estate/PUDs available for purchase with an average list price of about $1.4 million. The most expensive listing in the area was $7.295 million while the least expensive property can be had for about $380,000 giving us a median list price of about $1.1 million.
There are 35 properties currently in escrow with an average list price of about $980,000. The most expensive home in escrow is listed at $3.175 million while the least expensive home in escrow is listed at $395,000 giving us a median list price of about $760,000.
Through June 17 there have been 77 homes sold on the West Side of Santa Barbara with an average sales price of about $940,000. The most expensive sale was for about $2.9 million while the least expensive sale was for $405,000 giving us a median sales price of $810,000.
For the Condo market on the West Side of Santa Barbara Real Estate through June 17 there are about 50 properties on the market with an average list price of about $780,000. The most expensive condo can be had for $2.75 million while the least expensive property is listed at $365,000 giving us a median list price of about $529,000.
There are 10 condos in escrow on June 17 with an average list price of about $550,000. The most expensive condo in escrow is listed at $839,000 while the least expensive condo is listed at just under $400,000 giving us a median list price on condos in escrow of $525,000.
Through June 17 there have been 36 sales with an average sales price of just over $500,000. The most expensive condo sold for $985,000 while the least expensive condo sold for $342,000 giving us a median sales price of $475,000.
For the East of State St area of Santa Barbara Real Estate through June 17 there are 141 Home Estate/PUDs available for purchase with an average list price of $1.6 million. The most expensive listing is on the market for about $9 million while the least expensive home can be had for just $329,100 giving us a median list price of about $1.35 million.
There are currently 29 homes in escrow with an average list price of about $1 million. The most expensive home in escrow is listed for $3 million with the least expensive home in escrow listed at $325,000 giving us a median list price of those homes in escrow of $825,000.
Through March 12 there have been just over 100 sales with an average sales price of about $1.25 million. The highest priced sale was for $7.6 million while the least expensive sales went out at $275,000 giving us a median sales price for the area of $970,000.
The condo market for the East Side of Santa Barbara Real Estate through June 17 there were 36 properties available at an average list price of just over $800,000. The highest priced listing is on the market for just under $1.7 million while the least expensive listing is on the market for just under $200,000 giving us a median list price for the area of $670,000.
There are 13 condos in escrow right now with an average list price of $554,838. The highest priced listing in escrow is on the market for $1.15 million while the least expensive property in escrow is listed at $403,000 giving us a median list price of properties in escrow is $450,000.
This year through June17 there have been 33 sales with an average sales price of about $570,000. The most expensive sale was for $2.175 million while the least expensive sale was for $290,000 giving us a median sales price for condos on the East Side of Santa Barbara of $467,000.
For Santa Barbara Real Estate in the Santa Barbara Real Estate
Montecito Real Estate area through June 17 there are over 200 Home Estate/PUDs for sale with an average list price of about $5.2 million. The highest priced listing in the area is on the market for $35 million while the least expensive home can be had for $819,000 giving us a median list price of about $3.6 million.
With all those listings we have 20 Homes in escrow in Montecito with an average list price of $3.9 million. The most expensive home in escrow is listed for $15.3 million while the least expensive home is on the market for $785,000 giving us a median list price of homes currently in escrow of about $2.5 million.
Through June 17 there have been 54 Home Estate/PUDs sold in Montecito this year with an average sales price of just under $4 million. The most expensive sale was for $15.5 million while the least expensive property sold for just $685,000 giving us a median sales price of just under $2.5 million this year.
For the Condo market in Santa Barbara Real Estate
Montecito Real Estate there are currently 18 properties for sale with an average list price of about $1.47 million. The highest priced listing is on the market for just under $3 million while the least expensive condo can be had for $749,000 giving us a median list price of $1.45 million.
Right now there are 5 condos in escrow in Montecito with an average list price of about $1 million. The most expensive condo on the market is listed at $1.6 million while the least expensive condo in escrow is listed at $699,000 giving us a median list price on condos in escrow of $975,000.
There have been 8 condo sales in Montecito this year with an average sales price of $1.3 million. The highest priced sale was for $3 million while the least expensive sale was for $540,000 giving us a median sales price of $1,075,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through June 17 there were 74 properties available for purchase. The average list price on those homes is right about $3.4 million. The most expensive property is listed at $29 million while the least expensive home can be had for just under $300,000 giving us a median list price for the area of $1.15 million.
In escrow currently there are 8 homes with an average list price of about $570,000. The most expensive home in escrow is listed at $745,000 while the least expensive property is on the market for around $220,000 giving us a median list price for homes in escrow of $835,000
Looking at Sold properties through June 17 there have been 33 sales with an average sales price of about $1.4 million. The highest priced sale was for $16.25 million while the least expensive home was$367,500 giving us a median sales price for the area of $835,000.
For the condo market in Carpinteria Real Estate/Summerland Real Estate 24 properties are available with an average list price of over $1 million. The most expensive condo in the area is listed at $4.29 million while the least expensive condo is listed at $259,000 giving us a median list price of available condos of $578,000.
In escrow right now are 12 properties with an average list price of $385,616. The most expensive property in escrow is listed at $719,000 while at the other end of the spectrum is listed at $244,000 giving us a median list price of about $365,000.
Through March 12 there have been 30 condo sales with an average sales price of about $475,000. The most expensive condo sold this year went out for $2.25 million while the least expensive condo sold for $225,000 giving us a median sold price of just under $400,000.
The Condo market for the Goleta Real Estate North area of Santa Barbara Real Estate the inventory through June 12 there have been 53 listings compared to 65 last year. But with the inventory down the escrows havent moved much at all dropping from 28 in 09 to 27 in 10. The sales however have gone up from 16 last year to 19 this year with the average sales price going down from $415,000 last year to $380,000 this year.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings through June 12 there have been 221 listings this year compared to 165 last year and the numbers of escrows has risen from 73 last year to 94 this year. Sales have also gone up from 60 to 73 but the average sales price has declined from about $850,000 last year to approximately $790,000 this year.
The PUD market for the Santa Barbara Real Estate area of Goleta North the overall inventory through June 12 there have been 16 listings compared to 7 last year. The escrows are double this year going from 5 to 10 and the sales are up from 4 to 6. Even the sales price is up from about $540,000 to $670,000.
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 Jun3 12 there have been 47 listings compared to 48 last year but the escrows have gone up from 7 to 10 this year with the sales also rising from 6 to 10. The average sales price has also gone up from $2.66 million in 09 to $3.83 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 of Santa Barbara Real Estate the total numbers of listings through June 12 there have been 104 listings compared to 120 last year. But with the listings down the escrows went up from 34 in 09 to 44 in 10 with the sales going up from 21 to 36. But while the sales are up the average sales price slid about $100,000 from $603,776 in 09 to $506,792 in 10.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through June 12 there have been 240 listings compared to 239 last year. But with the inventory equal the escrows are up from 91 to 103 with the sales up from 64 to 78. Even the average sales price is up for the average going from about $850,000 last year to $930,000.
The PUD market for the Santa Barbara area of West of State St there have been 5 listings this year compared to 3 last year but both years gave us no escrows and just 1 sale this year from $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 June 12 there have been 92 listings this year compared to 108 last year. But with fewer listings the escrows have gone up from 33 to 35 and the sales have risen from 26 last year to 34 this year. But the average sales price on those sales declined slightly from $603,000 last year to $598,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through June 12 the listings have declined by 20 slipping from 367 in 09 to 347 in 10. But while the inventory went down the escrows rose about 20% from 101 last year to 122 this year. The sales are up even further going from 78 last year to 104 this year while the average sales price rose from $1.117 million last year to $1.265 million this year.
For the PUD market on the East Side of Santa Barbara there have been 9 total listings this year rising from 3 last year but both years have no escrows and no sales.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through June 12 there have been 92 listings this year compared to 108 last year. But with fewer listings the escrows have gone up from 33 to 35 and the sales have risen from 26 last year to 34 this year. But the average sales price on those sales declined slightly from $603,000 last year to $598,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through June 12 the listings have declined by 20 slipping from 367 in 09 to 347 in 10. But while the inventory went down the escrows rose about 20% from 101 last year to 122 this year. The sales are up even further going from 78 last year to 104 this year while the average sales price rose from $1.117 million last year to $1.265 million this year.
For the PUD market on the East Side of Santa Barbara there have been 9 total listings this year rising from 3 last year but both years have no escrows and no sales.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through June 12 there have been 39 listings this year compared to 40 last year. But this year there have been 12 escrows compared to just 1 last year. The sales are also way up from 1 to 8 this year with the average sales price this year at about $1.3 million compared to the 1 and only sale last year of $679,000
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through June 12 the listings are 4 up from last year going from 389 in 09 to 393 in 10. The escrows are way up however rising from 56 last year to 67 this year with the sales going up from 47 in 09 to 57 in 10. The average sales price has gone up even farther going from $3.14 million last year to just over $4 million this year.
For the PUD market in Montecito there have been 9 active listings this year compared to 3 last year. The escrows rose from 0 to 2 this year as well as the sales going from 0 to 2. The average sales price on those 2 sales is about $1.5 million.
The Condo market for the
Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through June 12 there have been 82 listings this year compared to 84 last year but the numbers of escrows is way up from 25 in 09 to 35 in 10. The sales are even up farther from 17 last year to 30 this year and even the average sales price has risen from $415,000 last year to $475,000 this year.
For Home Estates in the Santa Barbara Real Estate area of
Carpinteria Real Estate/ Summerland Real Estate the numbers of listings through June 12 there have been 153 listings this year compared to 165 last year. But the escrows are down dramatically from 37 in 09 to 27 in 10. But the numbers of sales is up from 23 last year to 31 this year with the average sales price dropping from $1.83 million last year to $1.45 million this year.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through June 12 there have been 2 listings in both years and 0 escrows as well as 1 sale in both 09 and10. The sales price last year was $591,000 and this year its $905,000.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of May 4 to June 4 there were 22 sales this year compared to10 last year and the median sales price rose from $630,000 last year to about $750,000 this year. The average sales dropped however sliding from about $890,000 last year to approximately $790,000 this year. The numbers of pending escrow went up from 16 last year with a median list price of $729,000 to 21 with a median list price of $829,000. Right now there were 83 Home Estate/PUDs available for purchase in Goleta North with a median list price of just under $1 million and an average list price of just over $2 million.
For the condo market in Goleta Real Estate North for the same period there were 2 sales this year with a median sales price of about $395,000 and last year there were 3 sales with a median sales price of $690,000. The average sales price has also gone down from just under $600,000 last year to just under $400,000 this year. The numbers of escrows also went down from 8 last year with a median list price of about $230,000 to 6 this year with a median list price of about $320,000. Right now there are 16 condos available for purchase in Goleta North with a median list price of $429,000 and an average list price of about $490,000.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from May 4 to June 4 there have been 11 sales this year compared to 8 last year but the median sales price has declined from $687,500 last year to $635,000 this year. The average sales price also went down from about $720,000 last year to approximately $670,000 this year. The numbers of escrow went up however from 6 in 09 to 10 in 10 with the median list price on those escrows rising from $625,000 last year to about $690,000 this year. Right now in Goleta South there are 36 Home Estate/PUDs available for purchase with a median list price of $890,000 and an average list price of 1,045,677.
For the condo market in Goleta Real Estate South for the same period there were 4 sales this year compared to 10 last year and the median sales price has declined from about $410,000 in 09 to $357,500 in 10. The numbers of escrows has dropped dramatically from 11 last year to 3 this year but the median list price on those escrows went up from $489,000 last year to $499,000 this year. Right now there are just 6 condos available for purchase with a median list price of $380,000 and an average list price of about $415,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of May 4 to June 4 there was 1 sale this year and 1 sale last year. This year that sale was for $1.74 million and last year it was for $2.15 million. This year there were no opened escrows and last year there were 2 with a median list price of $795,000. Right now there are 25 Home/Estate PUDs available for purchase with a median list price of $3.45 million and an average list price of $4.9 million.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity.
For the Santa Barbara Real Estatearea of West of State St for Home Estate/PUDs for the period of May 4 to June 4 there were 13 sales this year with a median sales price of $950,000 and an average sales price of $1,083,717. Last year for the same period there were 9 sales with a median sales price of $780,000 and an average sales price of about $780,000. For this year there were 18 escrows opened with a median list price of about $750,000 and last year there were 21 escrows opened with a median list price of about $760,000. Right now there are 89 Home Estate/PUDs available for purchase with a median list price of about $1.1 million and an average list price of about $1.42 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 11 sales this year with a median sales price of just under $500,000 and an average sales price of $531,454 and last year there were 4 sales with a median sales price of about $520,000 and an average sales price of approximately $525,000. For this period in 10 there were 9 opened escrows with a median list price of $519,000 and last year there were also 9 opened escrows with a median list price of $519,000. Right now there are 49 condos available for purchase with a median list price of $525,000 and an average list price of just under $780,000.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 27 sales from May 4 to June 4 with a median sales price of $1.17 million and last year there were 15 sales with a median sales price of $865,000. The average sales price also has gone up from $1.123 million last year to $1.542 million this year. The numbers of escrows has gone from 10 in 09 with a median list price of $869,000 to 17 this year with a median list price of $990,000. Right now there are 140 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.3 million and an average list price of $1.61 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 8 sales this year with a median sales price of $524,500 and last year there were 9 sales with a median sales price of $500,000. The average sales price is also up from $568,888 last year to $759,000 this year. The numbers of escrow is also up a little bit from 8 in 09 to 10 in 10. But the median list price for those escrows is down from $765,000 last year to $489,000 this year. Right now there are 37 condos available for purchase on the East Side of Santa Barbara with a median list price of $695,000 and an average list price of about $815,000.
For May of 2010 for Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estate the Home Estate/PUD there were 83 sales dropping from 89 in April. The April sales surge looked like it was going to keep going into May because of the substantial number of escrows that opened during April but sales fell back somewhat.
With the declining numbers of sales, the median sales price rose however from $865,000 in April to about $905,000 in May. This rise in the median sales prices was caused by sales below $1 million falling from about 50 in April to right around 45 in May. Accompanying that drop in sales below $1 million was a drop in the over $2 million sales falling from 18 in April to 10 in May. But, sales in the $1 to $2 million range rose from 19 to 28 for the month bringing up the overall median sales price.
There were about 85 Homes that went into escrow for May which dropped from approximately 120 opened escrows in April. But, the median list price on those escrows remained steady at around $880,000. The inventory grew about 10% for the month up to around 615 but the median list price on those properties for sale remained stable at about $1.7 million. The median list price on the more than 160 new listings that appeared during May did drop however down to roughly $1.1 million.
Looking at the Districts, starting out in Carpinteria/Summerland for Home Estate/PUDs, sales are up from 18 in 09 to 29 in 10 and the median sales price has gone up from $632,000 last year to about $850,000 this year. But, when you look at the pending listings they have dropped from 26 in 09 to 24 in 10 with the median list price for those escrows coming in this year at $679,000 compared to about $700,000 last year.
In Montecito sales are up from 44 in 09 to 51 in 10 with the median sales price rising slightly from $2.35 million to about $2.45 million this year. But, the escrows are way up this year from 45 in 09 with a median list price of about $2.6 million to 58 in 10 with a median list price of $2.5 million.
On the East Side of Santa Barbara sales are up from 70 last year to 98 this year with the median sales price going up from $910,000 last year to $951,000 this year. The pended listings are also up from 74 to 99 with a similar rise in the median list price for those opened escrows. For the West Side sales are also up from 58 to 70 with the median sales price rising from $775,000 last year to $810,000 this year.
In Hope Ranch sales are up from 5 in 09 to 10 in 10 with the median sales price going up from $2.55 million last year to $3.23 million this year. The average sales price is also up from $2.55 million last year to $3.83 million this year soaring by almost $1 million.
In Goleta South sales are basically where they were last year going from 33 in 09 and 37 in 10 but the median sales price has declined from $690,000 last year to $630,000 this year. In Goleta North, sales are up from 51 last year to 68 this year with the median sales price coming up only slightly from $715,000 in 09 to $722,500 in 10.
With the first time buyer credit coming to an end in April the sales below $1 million took a hit but sales above $2 million also fell off. With the rise in the numbers of sales from $1 to $2 million the Price Range Statistic ratios more closely resemble what weve been used to seeing in Santa Barbara. But, if we are to continue moving forward the sub $1 million sales will have to remain robust also. Of the almost 615 current Home listings only about 250 of those are below $1 million so that segment of the inventory needs to grow in order for the market to continue expanding.
For condos in Santa Barbara for the month of May 10 sales went up to 35 from 32 in April and 27 in March and the median sales price rose to $495,000 for the month up from $456,000 in April and $415,000 in March. But, what didnt go up was the numbers of escrows which rose from 35 in March to 40 in April and rose to 42 in May. The median list price on those escrows remained stable however at around $475,000 for May but up from March when that number was about $440,000.
The inventory also did not go up however remaining at around 150 condos for sale from Carpinteria to Goleta with the median list price on those properties continuing to hover around $625,000. There were only 34 new listings that came on the market during May to replace the 35 sold listings but they came on the market at a good number with a $499,000 median list price.
Of the 35 properties that sold, 15 of them were at $500,000 and over with 3 over $1 million and 2 of those over $2 million, while 1 condo sold just below $1 million. This surge in the over $500,000 market is a return to the sales of more expensive condos which had declined substantially in the previous months.
Looking at the Districts, starting in Carpinteria/Summerland sales are double from where they were last year rising from 14 to 28 and the median sales price has come up a little going from $395,000 in 09 to $401,000 in 10. The pending numbers are also up going from 19 last year to 26 this year so the surge should continue in the area.
In Montecito sales are up from 1 last year to 8 this year with the median sales price at about $1.1 million and the average sales price close to $1.3 million up from $679,000 for the only sale last year. The trend should continue in Montecito with 11 opened escrows this year at a $1,050,000 median list price up from 1 escrow last year with a list price of $729,000
On the East Side of Santa Barbara sales are up from 19 in 09 to 29 in 10 but the median sales price has declined from $528,000 last year to about $460,000 this year. The pending numbers are a lot closer together with 29 opened escrows in 09 compared to 33 in 10 and the median list prices are also close together going from $525,000 in 09 to $519,500 in 10.
For the West Side of town there are 33 sales this year compared to 19 last year but the median sales price has dropped from $520,000 last year to about $465,000 this year. The escrows are also way ahead of where they were last year with 40 opened this year compared to 25 last year and the median list price on those escrows is very close falling from $525,000 in 09 to $515,000 in 10.
In Goleta South there were 21 sales in both years but the median sales price has dipped from $410,000 last year to $355,000 this year. The escrows are way behind however with 35 last year compared to 25 this year and the median list price on those escrows has dipped from $419,000 last year to $339,900 this year.
For Goleta North there have been 16 sales this year compared to 14 last year with the median sales price rising from $360,050 in 09 to $405,000 in 10. The escrows show a slight bulge this year with 25 compared to 21 last year and the median list price on those escrows has risen from $365,000 last year to $419,000 this year.
Condo prices are starting to rise and as long as fewer properties come on the market than sell the inventory will continue to decline which should push prices up further. So the questions are, with the first time buyer credit coming to an end in April will the surge in condo sales continue, and second if prices do continue to go up will that spur the sellers to bring their properties onto the market?
Gary Woods
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 10 sales for the period of May 4 to June 4 with a median sold price of just over $2 million and an average sales price of about $3.85 million. Last year there were 13 sales with a median sales price of just under $2 million and an average sales price of about $4.64 million. For the same time period there were 12 escrows opened this year with a median list price of just under $2 million while last year there were 13 escrows opened with a median list price of $2,130,000. Right now there were 207 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.45 million and an average list price of just over $5 million.
For the Condo market in Montecito Real Estate for the same period there were 2 sales this year with an average and median sales price of $970,000 whereas last year there were no sales. This year there were also 3 escrows opened with a median list price of $975,000 and last year there were no opened escrows. Right now there are 18 condos available for purchase with a median list price of $1.5 million and an average list price of $1.54 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 May 4 to June 4 10 there were 4 sales and last year there were also 4 sales. But the median sales price this year went up from $646,000 last year to $757,500. The average sales price also went up from $763,000 in 09 to $822,500 this year. In both years there were 7 opened escrows but this year the median list price for those escrows has been $625,000 whereas last year it was $679,000. Right now there are 72 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.2 million and an average list price of $3.44 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 7 sales this year compared to 4 last year and the median sales price went up from $375,000 in 09 to $600,000 this year. The average sales price also went up from about $450,000 last year to almost $800,000 this year. During the same time period there were 8 escrows opened with a median list price of about $360,000 and last year there were 5 escrows opened with a median list price of $500,000. Right now there are 24 condos available for purchase in Carpinteria/Summerland with a median list price of $578,000 and an average list price of just under $900,000.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 5 months of 10 there have been 67 sales compared to 53 last year. The median sales price has remained constant however going up slightly from $715,000 in 09 to $720,000 in 10. The average sales price has fallen however form about $850,000 last year to just over $780,000 this year. The numbers of escrows has risen however form 62 last year to 86 this year with the median list price on those escrows holding firm at about $750,000. Right now there are 84 Home Estate/PUDs available for purchase in Goleta North with a median list price of $979,000 and an average list price of just under $2 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first five months of 10 there have been 16 sales compared to 14 last year and the median sales price has gone up from about $360,000 last year to $405,000 this year. The average sales price has remained solid however dipping slightly from about $390,000 last year to $385,000 this year. The numbers of escrows has rise slightly from 21 last year to 25 this year with the median list price on those escrows also rising from $365,000 last year to about $420,000 this year. Right now there are 16 condos available for purchase in Goleta North with a median list price of about $440,000 and an average list price of just over $490,000.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 5 months of 10 there have been 35 sales compared to 34 last year. But the median sales price has dropped from $690,000 last year to $625,000 this year with the average sales price dropping from $782,192 in 09 to right about $710,000 this year. The numbers of escrows has gone up slightly however form 40 in 09 to 46 in 10 with the median list price on those escrows dropping from about $730,000 last year to just under $700,000 this year. Right now on the South Side of Goleta there are 31 Home Estate/PUDs available for purchase with a median list price of about $960,000 and an average list price of just over $1.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first five months of 10 there have been 21 sales which is exactly what occurred last year. But the median sales price has dropped from $410,000 last year to $355,000 this year. The average sales price has also dipped from about $440,000 last year to just over $370,000 this year. The numbers of escrows is behind however dipping from 35 in 09 to 24 this year with the median list price on those escrows going down from $419,000 last year to $309,000 this year. Right now there are just 5 condos available for purchase in Goleta South with a median list price of about $490,000 and an average list price of $454,380.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 5 months of 10 there have been 10 sales compared to 5 last year. The median sales price has also gone up from $2.55 million last year to $3.23 million this year with the average sales price also up from $2.88 in 09 to $3.83 in 10. The numbers of escrows however is exactly even with 8 in both years and the median list price on those escrows has gone down from $2.55 last year to just under $2 million this year. Right now there are 26 Home Estate/PUDs available for purchase in Hope Ranch 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 Hope Ranch Real Estate for the first five months of 07 and 08 in the Condo market there was and was been no activity.
For the West of State St area of Santa Barbara Real Estate for the first 5 months of 10 for Home Estate/PUDs there have been 65 sales compared to 58 in 09 and the median sales price has gone up from $775,000 last year to $810,000 this year. The average sales price has also risen from $872,379 last year to $918,884 this year. The numbers of escrows is up a bit from 78 in 09 to 84 in 10 and the median list price on those escrows is up from $759,000 last year to just under $800,000 this year. Right now there are 88 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of about $1.1 million and an average list price of about $1.4 million.
For the West of State are of Santa Barbara Real Estate for the first five months of 10 for the condo market there have been 32 sales compared to 19 last year but the median sales price has dropped from $520,000 in 09 to $464,500 in 10. The average sales price has also fallen from $566,542 last year to just over $490,000 this year with the numbers of escrow way up from 25 in 09 to 40 in 10. The median sales price on those escrows has dipped slightly this year from $525,000 in 09 to $515,000 in 10. Right now there are 48 condos available for purchase on the West Side of Santa Barbara with a median list price of $525,000 and an average list price of $787,129.
For the East of State St area of Santa Barbara Real Estate for the first 5 months for Home Estate/PUDs for 10 weve had 92 sales compared to 62 last year and the median sales price has risen from $910,000 last year to $965,500 this year. The average sales price is also up from $1,084,583 in 09 to $1,281,307 in 10. The numbers of escrows are also up from 75 in 09 to 102 in 10 with the median list price going up slightly from $974,000 in 09 to just under $1 million in 10. Right now there are 130 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.3 million and an average list price of $1,643,503.
For East of State St are for Santa Barbara Real Estate of for the first five months of 10 there are 28 sales compared to 18 in 09. But, the median sales price has dipped from $528,000 last year to $458,500 this year with the average sales price also falling from $613,383 in 09 to $586,892 in 10. The numbers of escrow is up slightly from 29 last year to 32 this year with the median list price on those escrows dropping a bit from $525,000 last year to $519,500 this year. Right now there are 37 condos available for purchase on the East Side of Santa Barbara with a median list price of just under $700,000 and an average list price of $808,983.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 5 months of 10 for Home Estate/PUD sales are up to 45 from 41 in 09. The median sales price is also up slightly from $2.35 million to about $2.5 million with the average sales price way up from about $3.2 million to $4.26 million. The numbers of escrows is also up from 45 in 09 with a median list price of about $2.6 million to 58 escrows with a median list price of about $2.5 million. Right now there are about 210 listings available for purchase 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 five months for the condo market we have had 8 sales this year compared to 1 last year. The median sales price this year is $1,087,500 with the average sales price just under $1.3 million. Last year that 1 sale was for $679,000. Right now there are just 18 condos for sale in Montecito with a median list price of $1.475 million and an average list price of $1.5 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for Home Estate/PUDS for the first 5 months there have been 29 sales this year compared to 17 last year and the median sales price has risen over $200,000 to $860,000 in 10. The average sales price has declined slightly however from about $1.6 million in 09 to just over $1.5 million in 10. But despite the surge in sales the escrows have fallen slightly behind the previous year going from 26 last year to 24 this year and the median list price on those escrows has slid from just under $700,000 to about $680,000 this year. Right now there are 75 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.2 million and an average list price of about $3.37 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first five months of the year in the condo market there have been 28 sales which is double the number that was racked up last year. The median sales price has risen only slightly from last year when it was $395,000 to just over $400,000 this year. The number of escrows is substantially ahead of where it was last year when it was 19 rising to 28 this year but the median list price on those escrows has dipped from $420,000 last year to $410,000 this year. Right now there are 26 condos available for purchase in Carpinteria/Summerland with a median list price of $578,000 and an average list price of $863,030.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through May 20 there have been 56 sales compared to 50 last year for a 12% rise. But the median sales price has dipped slightly from $716,000 last year to $707,500 for a 1.2% drop.
The gap between the median list price of $975,000 and the median sales price of $707,500 gives us a 7.7% gap. Last year the median list price was $1.1 million when compared to the $716,000 median sold price gave us a 35% gap.
For the condo market in Goleta Real Estate North through May 20 there have been 14 sales compared to 12 last year for a 16% rise and the median sales price has risen from $332,250 last year to $405,000 this year for a 22% rise.
The gap between the median list price of $$439,000 and the median sales price of $405,000 gives us a 7.7% gap. Last year the median list price was $419,000 and when combined with the $332,250 we get a 20% gap.
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.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through April 22 there were 54 listings last year compared to 31 this year and 35 new listings last year compared to 25 this year. The escrows are also down falling from 22 in 09 to 18 in 10 but there were 12 sales in both years. The average sales price however dropped about $100,000 this year from approximately $460,000 in 09 to $367,500 in 10.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through April 22 there were 92 listings last year compared to 76 this year with 52 new listings in 09 compared to 48 in 10. The escrows are down slightly falling from 33 to 30 while the sales are up from 21 to 23. The average sales price has declined however falling from $763,510 to $709,166.
The PUD market for the Santa Barbara Real Estate area of Goleta South through April 22 there were 7 listings last year compared to 4 this year with 5 new listings in 09 compared to 3 in 10. But last year there were 3 escrows and this year there have been none and 1 sale last year with none this year. That 1 sale was for $1 million.
The Condo market for the Hope Ranch Real Estate area of Santa Barbara real estate saw no activity.
For Home Estates in the Santa Barbara Real Estate area of Hope Ranch Real Estate through April 22 there were 42 listings last year compared to 36 this year but 23 new listings this year compared to 22 last year. The escrows are also up from 5 last year to 8 this year with the sales rising from 3 in 09 to 7 in 10. The average sales price has also gone up from about $2.5 million last year to about $3.2 million this year.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch there were no listings last year and just 1 this year. The good news is that 1 is now in escrow but has not closed yet.
The Condo market for the West of State St area of Santa Barbara Real Estate the total numbers of listings through April 22 there have been 81 listings this year compared to 93 last year. But the new listings are actually up from 38 in 09 to 41 in 10. The escrows are way up however going from 15 in last year to 29 in 10 which the sales rising from 13 to 20. The average sales price however has declined over $100,000 dropping from $605,100 to 502.725.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through April 22 are down from 199 in 09 to 177 in 10. But the numbers of new listings is up from 108 to 118. The escrows are also up from 60 to 64 with the sales going from 46 last year to 53 this year. The average sales price is also up going from $895,693 to $907,618.
The PUD market for the Santa Barbara area of West of State St there were 0 listings last year but 1 this year with no new listings in either year and there were no escrows in either year and now sales in either year.
For Condos in the Santa Barbara Real Estatearea of East of State the total numbers of properties for sale this year through April 22 there have been 75 active listings this year compared to 92 last year with 40 new listings compared to 53 last year. The escrows are down by 1 however falling from 21 in 09 to 20 in 10 while the sales are way up going from 11 last year to 20 this year. The average sales price has declined however falling from $657,809 last year to just under $500,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through April 22 the listings are down from 289 in 09 to 276 in 10. The numbers of new listings has declined slightly from 172 last year to 163 this year but the numbers of escrows is up from 63 in 09 to 77 in 10 with the numbers of sales up from 41 to 61. The average sales price unlike the other areas is slightly above where it was last year going from $1.1 million to $1.11 million.
For the PUD market on the East Side of Santa Barbara there have been 5 total listings this year compared to 3 last year with the 3 new listings showing up this year compared to 2 last year. For both years there have been no escrows and no sales.
For Condos in the Santa Barbara Real Estatearea of East of State the total numbers of properties for sale this year through April 22 there have been 75 active listings this year compared to 92 last year with 40 new listings compared to 53 last year. The escrows are down by 1 however falling from 21 in 09 to 20 in 10 while the sales are way up going from 11 last year to 20 this year. The average sales price has declined however falling from $657,809 last year to just under $500,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through April 22 the listings are down from 289 in 09 to 276 in 10. The numbers of new listings has declined slightly from 172 last year to 163 this year but the numbers of escrows is up from 63 in 09 to 77 in 10 with the numbers of sales up from 41 to 61. The average sales price unlike the other areas is slightly above where it was last year going from $1.1 million to $1.11 million.
For the PUD market on the East Side of Santa Barbara there have been 5 total listings this year compared to 3 last year with the 3 new listings showing up this year compared to 2 last year. For both years there have been no escrows and no sales.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through April 22 the inventory has gone down from 35 last year to 32 to this and the new listings have fallen from 20 last year to 19 this year. But the numbers of escrows has gone way up from 1 in 09 to 6 in 10 with the numbers of sales rising from 1 last year to 5 this year. The average sales price is presently at $1,444,000 and last year the one sale was for $679,000.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate Real Estate through April 22 the inventory has gone down slightly from 334 last year to 329 this year with the numbers of new listings falling from 155 in 09 to 145 in 10. The escrows last year are way up however going from 34 last year to 46 this year with the sales slightly ahead with 35 this year compared to 33 last year and the average sales price has skyrocketed from about $2.5 million last year to over $4.5 million this year.
For the PUD market in Montecito there have been 9 active listings this year compared to 2 last year with 6 new listings coming on the market this year compared to 1 last year. But there is only 1 escrow opened this year compared to 0 last year and just 1 sales this year for $1.45 million compared to none last year.
For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through April 22 the inventory is down only a couple of properties going from 65 in 09 to 67 in 10. The new listings are actually up from 34 last year to 41 this year. The escrows are way up however rising from 18 last year to 25 this year and the sales are double where they were in 09 going from 9 to 18. The average sales price however has declined from about $410,000 last year to about $375,000 this year.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings through April 22 are down from 138 last year to 127 this year but the new listings have gone up from 58 last year to 63 this year. The escrows are up by only 2 rising from 18 to 20 in 10 but the sales are way up going from 13 last year to 24 this year. The average sales price has dropped by half however going from over $2 million last year to about $980,000 this year.
For PUDs in the Carpinteria/Summerland through April 22 there were 2 listings in both year and 2 new listings in both years. There were no escrows in both year and just 1 sale in each year for $591,000 in 09 and $905,000 in 10.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of Mar. 15 to Apr. 15 10 there were 13 sales with a median sales price of $710,000 and an average sales price of $777,153. Last year there were 8 sales with a median sales price of $720,000 and an average sales price of just over $1 million. This year the were 27 opened escrows with median list price of $729,000 and last year there were 13 opened escrows with a median list price of $799,000. In 10 there were 38 new listings with a median list price of $750,000 and in 09 there were 28 new listings with a median list price of $750,000. Right now there are 77 Home Estate/PUDs with a median list price of just under $1 million and an average list price of $2.16 million.
For the condo market in Goleta Real Estate North for the same period there were 4 sales this year with a median sales price of $409,500 and an average sales price of about $390,000. Last year there were 5 sales with a median sales price of $290,000 and an average sales price of about $315,000. This year there have been 7 opened escrows with a median list price of $419,000 and last year there were 3 opened escrows with a median list price of about $390,000. For the period were talking about there was 7 new listings with a median list price of $419,000 and last year there were 6 new listings with a median list price of $359,000. Right now there are 14 condos available for purchase in Goleta North with a median list price of $449,000 and an average list price of about $500,000.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from Mar. 15 to Apr. 15 10 there were 9 sales compared to 6 last year. But the median sales price went up from $607,500 last year to $676,000 this year. The average sales price also rose from $703,166 in 09 to $909,388 in 10. This year there have been 14 escrows opened with a median list price of $660,000 and last year there were 10 escrows opened with a median list price of $719,000. For this period there have been 17 new listings this year with a median list price of just under $700,000 and last year there were 15 new listings with a median list price of $849,000. Right now there are 42 Home Estate/PUDs available for purchase with a median list price of $975,000 and an average list price of about $1.1 million.
For the condo market in Goleta Real Estate South for the same period there were 6 sales this year compared to 5 last year but this year the median sales price was about $320,000 and last year it was about $390,000. The average sales price this year has been about $370,000 and last year it was $437,000. For 09 there were 10 opened escrows with a median list price of $309,000 and this year there were 12 opened escrows with a median list price of $329,000. For 09 there were 14 new listings with a median list price of $429,000 and in 10 there were only 9 new listings with a median list price of $339,900. Right now there are just 5 condos available for purchase in Goleta South with a median list price of $429,000 and an average list price of $428,200.
For the Santa Barbara Real Estate area of Hope Ranch Real Estatefor the period of Mar. 15 to Apr. 15 10 there were 3 sales with a median sales price of $1.85 million and an average sales price of $3.6 million. Last year there was 1 sale for $2.8 million. This year there was 1 escrow opened with a list price of $7.65 million and last year there were 2 escrows opened with a median list price of $2.2 million. This year there have been 2 new listings with a median list price of about $2.7 million and last year there were 4 new listings with a median list price of $2.2 million. Right now there are 19 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $4.65 million and an average list price of $6.16 million.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity.
For the Santa Barbara Real Estatearea of West of State St for Home Estate/PUDs for the period of Mar. 15 to Apr. 15 there have been 20 sales this year with a median sales price of $875,000 and an average sales price of $962,812. Last year there were 16 sales with a median sales price of about $690,000 and an average sales price of $767,493. This year there have been 17 escrows opened with a median list price of $919,000 and last year there were 19 escrows opened with a median list price of $885,000. For the time period there were 43 new listings that came on the market with a median list price of about $850,000 and last year there were 39 new listings with a median list price of $847,500. Right now there are 76 condos available for purchase with a median list price of $925,000 and an average list price of about $1.375 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estatethere were 6 sales this year with a median sales price of $569,500 and an average sales price of $532,166. Last year there were 5 sales with a median sales price of $715,000 and an average sales price of $650,460. This year there have been 4 escrows opened with a median list price of $479,000 and last year there were 7 opened escrows with a median list price of $535,000. For the time period there were 12 new listings with year with a median list price of $479,000 and last year there were 5 new listings with a median list price of $839,000. Right now there are 43 condos available for purchase on the West Side of Santa Barbara with a median list price of $525,000 and an average list price of $783,958.
For Santa Barbara Real EstateEast of State St for Home Estate/PUDs there were 14 sales from Mar. 15 to Apr. 15 10 with a median sales price of $857,500 and an average sales price of just under $1 million. Last year there were 16 sales with a median sales price of $967,500 and an average sales price of $1.14 million. This year there were 24 escrows opened with a median list price of $1.3 million and last year there were 26 escrows opened with a median list price of about $900,000. For 10 there were 48 new listings with a median list price of about $1.2 million and last year there were 54 new listings with a median list price of $1 million. Right now there are 125 available Home Estate/PUDs on the East Side of Santa Barbara with a median list price of $1.345 million and an average list price of $1.656 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estatethis year there have been 5 sales with a median sales price of $535,000 and an average sales price of $631,800. Last year there were 2 sales with a median and average sales price of just under $700,000. This year there have been 6 opened escrows with a median list price of $695,000 and last year there were 8 opened escrows with a median list price of just under $500,000. For 10 there have been 9 new listings with this year with a median list price of $779,000 and last year there were 12 new listings with a median list price of $605,000. Right now there are 44 condos available for purchase on the East Side of Santa Barbara with a median list price of $645,000 and an average list price of $842,605.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 11 sales for the period of Mar. 15 to Apr. 15 10. The median sales price for those sales was about $2.6 million and the average sales price was $4.23 million. Last year there were also 11 sales but the median sales price then was about $1.9 million with an average sales price of about $2.22 million. This year there were 15 opened escrows with a median list price of about $2.8 million and last year there were 7 escrows opened with a median list price of about $2.4 million. For 09 there were 44 new listings with a median list price of $2.85 million and last year there were also 44 new listings with a median list price of about $2.9 million. Right now there are 186 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.7 million and an average list price of over $5 million.
For the Condo market in Montecito Real Estate for the same period there was 1 sale this year for $1.1 million and last year there were no sales. There was also 1 opened escrow this year with a list price of $1.395 million and last year there were no escrows opened. In 09 there were 3 new listings with a median list price of $1.275 million and this year there were 6 new listings with a median list price of $1.475 million and an average list price of $1.5 million. Right now there are 22 condos available for purchase in Montecito with a median list price of $1.475 million and an average list price of $1.5 million.
For the Santa Barbara Real Estate an area of Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs for the 30 day period from Mar. 15 to Apr. 15 10 there were 7 sales compared to 6 sales last year. The median sales price last year was $687,500 and this year it was $595,000. The average sales price also fell from $1.8 million in 09 to $883,571 this year. There were 5 escrows opened this year with a median list price of $679,000 and last year there were 3 opened escrows opened with a median list price of a whopping $6.85 million. There were 18 new listings this year with a median list price of $715,000 and last year there were 20 new listings with a median list price of $1,095,000. Right now there are 72 Home Estate/PUDs available for purchase with a median list price of about $1.2 million and an average list price of $3.8 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 5 sales this year with a median sales price of $395,000 and an average sales price of $378,000. Last year there were 2 sales with a median and average sales price of $346,250. In 09 there were 6 escrows opened with a median list price of just under $400,000 and this year there were 9 escrows opened with a median list price of $429,000. Right now there are 27 condos available for purchase in Carpinteria/Summerland with a median list price of $575,000 and an average list price of just under $900,000.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/10 to 4/9/10 there were 36 sales compared to 35 last year and the median sales price is very close together also. In 09 the median sales price was $700,000 and this year its $692,500. The average is a little farther apart posting a $775,000 last year and a $725,000 this year. Those 36 sales took on average 61 days to get an accepted offer and with another 49 days of average escrow time it adds up to a total marketing time of 110 days.
For Goleta Real Estate North condos there have been 9 sales this year compared to 7 last year and the median sales price has risen from $300,000 last year to $455,000 this year and the average sales price has gone up from about $350,000 last year to about $377,888 this year. Those 9 sales took on average 51 days to get an accepted offer and with another 34 days of escrow time added in it gives us a total marketing time of 85 days.
Santa Barbara Real Estate Statistics
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 10 to April 9, 2010 there were 17 sales compared to 18 last year. The median sales price dropped from $655,000 last year to $625,000 this year with the average sales price declining from $788,872 in 09 to $751,460 this year. Those 17 sales took on average 59 days to get an accepted offer and another 59 days of average escrow time for a total marketing time of 118 days.
For Condominiums for Goleta Real Estate South for the same time period there were 8 sales this year compared to 9 last year but the median sales price fell from $388,500 last year to $323,500 this year. The average sales price declined even further from $483,722 in 09 to $352,000 in 10. Those 8 sales took on average 43 days to get an accepted offer and when you add in another 69 days of average escrow time you get a total marketing time of 112 days.
Santa Barbara Real Estate Statistics
For Hope Ranch Real EstateHome Estate/PUDs from January 1, 10 to April 9, 10 there were 5 sales this year compared to 2 last year. The median sales price also rose from $2.5 million last year to about $3.5 million this year with the average sales rising from $2.5 million last year to $3.6 million this year. Those 5 sales on average took 140 days to get an accepted offer with an average escrow time of 52 days for a total marketing time of 192 days.
For Condominiums in Hope Ranch Real Estate there was no activity.
Santa Barbara Real Estate Statistics
For West of State St in Santa Barbara Real Estatefor Home Estate/PUDs for the period of January 1, April 9, 2010 there were 42 sales compared to 38 last year. But last year the median sales price was just over $700,000 and this year its just over $800,000. The average sales price however is right at $877,000 for both years. Those 42 sales on average took 68 days to get an accepted offer and when you add in another 50 days of average escrow time you get a total marketing time of 118 days.
For Condominiums on the West Side of Santa Barbara Real Estatefor the same time period there were 16 sales this year compared to 10 last year. But the median sales price fell from $522,500 last year to $455,500 this year. The average sales price also declined from $594,000 last year to $492,000 this year. Those 16 sales took on average 99 days to get an accepted offer with another 52 days of average escrow time for a total marketing time of 151 days.
Santa Barbara Real Estate Statistics
For the East of State St for Santa Barbara Real EstateHome Estate/PUDs for January 1 10 to April 9 10 there were 49 sales compared to 18 last year. But the median sales price fell from $960,000 in 09 to $865,000 in 10. The average sales price didnt fall as far however dipping from $1,030,000 last year to $1,071,000 this year. Those 49 sales took on average 97 days to get an accepted offer with an average escrow time of 43 days for a total marketing time of 140 days.
For Condominiums in the East of State St area of Santa Barbara Real Estatefor the same time period there were 18 sales this year compared to 9 last year. The median sales price dropped however from $573,000 last year with an average sales price of $645,100 to $424,500 median this year with an average sales price of $473,666. Those 18 sales took on average 98 days to get an accepted off and when you add in another 68 days of average escrow time you can a total marketing time of 166 days.
Santa Barbara Real Estate Statistics
From January 1 10 to April 9 10 for Home Estate/PUDs in Carpinteria Real Estate/ Summerland Real Estate there were 20 sales compared to 8 in 09 and the median sales price rose from $618,000 last year to about $850,000 this year. The average sales price fell however from $1.5 million last year to just over $1 million this year. Those 20 sales took on average 103 days to get and accepted offer and with another 72 days of average escrow time the total marketing time was 175 days.
For Condominiums in Carpinteria Real Estate/ Summerland Real Estate for the same time period there were 16 sales in 10 compared to 9 in 09 but the median sales price fell slightly from about $390,000 last year to just under $380,000 this year. The average sales price fell farther from about $410,000 last year to approximately $365,000 this year. Those 16 sales took on average 41 days to get an accepted offer and when you add in the 84 days of average escrow time you get on average 125 days of total marketing time.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 3 months of 10 there have 31 sales this year compared to 34 last year and the median sales price has dropped from about $707,000 last year to $680,000 this year. The average sales price has also gone down from $777,000 last year to $725,000 this year. The numbers of escrows rose however from 36 in 09 with a median list price of $779,000 to 43 this year with a median list price of $749,000. Right now there are 79 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $1 million and average list price of about $2.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first three months of 10 there have been 7 sales compared to 5 last year. The median sales price is also close together dipping slightly from $460,000 in 09 to $455,000 in 10. The average sales price is a little farther apart falling from about $380,000 last year to about $360,000 this year. The numbers of escrows is also very close together dropping from 13 in 09 with a median list price of about $360,000 to 12 this year with a median list price of about also about $360,000. Right now there are 13 condos available Goleta North with a median list price of $419,000 and an average list price of about $490,000.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 3 months of 10 there have been 15 sales with median sales price of about $600,000 compared to 09 when there were 18 sales with a median sales price of $655,000. The average sales price is a little closer together however dropping from about $790,000 last year to about $760,000 this year. The numbers of escrows is farther apart however dropping from 22 last year to 17 this year with the median list price of those escrows rising from $659,000 last year to $729,000 this year. Right now there are just 35 Home Estate/PUDs available for purchase in Goleta South with a median list price of $925,000 and an average list price of $1.08 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first three months of 10 there have been 7 sales compared to 09 when there were 6. The median sales price has dropped substantially however from $372,000 last year to $260,000 this year while the average sales price has also fallen from $480,000 last year to $347,000 this year. The numbers of escrows shows a slight bulge this year going up from 11 to 13 but the median list price fell from $399,000 in 09 to about $295,000 this year. Right now there are just 8 condos available for purchase in Goleta South with a median list price of $309,000 and an average list price of about $370,000.
For Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estatefor the Home Estate/PUD market the number of sales rose to the high 60s in March from the mid 40s in February. The median sales price also came up and has risen every month from the first of the year when it was $762,000 in January, just below $800,000 in February and right about $890,000 in March. The average sales price continued to hover right around $1.25 million for both February and March falling from approximately $1.3 million in January.
The sales price to original list price ratio also came up in March finishing in the high 80th percentile which is a big jump from where we started the year at 75% in January and rising to the high 70th percentile in February.
What really came up for the month was the numbers of opened escrows. Starting in January escrows were in the low 50s followed by February which saw pending properties rise to 65 and in March that number rose to over 100. The median list price of those opened escrows fell back slightly however dipping from just below $900,000 in February to right around $880,000 in March. What did not come up much was the inventory which rose by less than 5% from the previous month putting it in the mid 500 bracket. The median list price of those available properties did drop however coming down about $100,000 to approximately $1.7 million.
For the first 3 months of 10 compared to the same period for 09 the numbers of sales is up by about 20% rising to the mid 170s. But, the median sales price is down slightly falling from $822,500 last year to about $812,500 this year. Interestingly, the average sales price went up this year from $1,185,336 in 09 to about $1.27 million this year. With the numbers of sales rising the numbers of escrows are also up about 20% and the median list price on those escrows is up from $859,000 last year to about $875,000 this year.
Looking at the Districts, starting out in Carpinteria/Summerland the numbers of sales are still more than triple what they were last year at this time rising from 6 in 09 to 19 in 10. The median sales price also came up from just below $600,000 last year to about $850,000 this year. In Montecito the amount of sales activity is the same for both years with 24 closed transactions but the median sales price has declined from $2.5 million last year to $2.1 million this year. The numbers of escrows are way up this year however rising from 24 in 09 to 32 in 10 with the median list price on those opened escrows falling from about $2.8 million last year to just under $2 million this year.
On the East Side of Santa Barbara sales have gone up from 33 in 09 to 47 in 10 but the median sales price fell from $970,000 last year to about $903,000 this year. For the West Side sales rose from 34 last year to 39 this year and the median sales price has come up for the area from $725,000 last year to $780,000 this year.
Hope Ranch has seen sales go from 2 last year to 5 this year and the median sales price has gone from $2.365 million in 09 to about $3.5 million this year. Goleta South sales are down slightly from 18 to 16 this year and the median sales price has declined from $655,000 in 09 to $606,000 in 10. Goleta North sales are right where they were last year with 33 sales in both years with the median sales price also dropping from $707,500 last year to $682,500 this year.
With both sales and escrows rising about 20% for the year the median sales price is slightly behind where it was last year following a very slow start pricewise this year. The median sales price looks like it should start going up gradually however with more sales occurring in the $1 to $2 million and the $2 million and up range.
For the condo market after seeing declining numbers of sales for the past 5 months sales started to rise in March going from 18 in February to 26 in March but the median sales price declined for the month dropping from $457,500 in February to $417,500 in March. The numbers of condos going into escrow also rose in March coming up from 25 in February to 40 in March but the median list price on those condos going into escrow fell from just under $500,000 in February to about $420,000 in March.
Comparing the first quarter of 09 to the same period in 10 the numbers of sales is way up going from 36 last year to 65 this year for an 80% rise. But, the median sales price has declined from $483,750 last year to $420,000 this year for a 13% drop. The numbers of escrows is also way up with 91 this year compared to 62 in 09 for a 47% rise while the median list price on those escrows is down by 11% falling from $489,000 last year to $434,900 this year.
Somewhat surprisingly, the condo inventory did not come up substantially for the month remaining in the low 140 range for Carpinteria to Goleta but the median list price of the inventory rose from just under $600,000 to about $630,000 during March.
Looking at the Districts we see that sales are still robust in Carpinteria/Summerland rising from 8 last year to 14 this year but the median sales price has fallen from $436,250 in 09 to $386,850 in 10. In Montecito there have been 5 condo sales this year with a median sales price of $1,075,000 compared to no sales last year.
On the East side of Santa Barbara sales are also way up rising from 8 last year to 16 this year but the median sales price has declined from $573,000 in 09 to $417,500 in 10. The West Side has also seen a rise in the numbers of sales coming up from 10 in 09 to 17 in 10 but the median sales price has declined from $522,500 to $443,000.
For Goleta South the numbers of sales is up 1 from last year rising from 6 in 09 to 7 in 10. But the median sales price for the area declined from $372,000 last year to $260,000 this year. Sales in Goleta North are also up rising from 5 in 09 to 7 in 10 with the median sales price remains essentially stable but falling slightly from $460,000 last year to $455,000 this year.
Sales are starting to rise for the condo market as we move into spring with about 1/3 of those sales in March coming in the $500,000 and up range. A big part of that rise is coming from Montecito where we have 5 sales this year compared to none last year but the sub $300,000 range is also well represented with the median sales price for Carpinteria/Summerland and Goleta South still falling.
Sales are up for both Home Estate/PUDs and Condos but the median sales price has declined for both property types. Theres some upward pressure for Home prices below $1 million and more activity in the higher priced condos should bring up the median sales price for that category. Increased inventory is still the key to maintaining momentum particularly in that $650,000 to $900,000 range for homes and the sub $500,000 range for condos.
Gary Woods
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 3 months of 10 there have been 4 sales compared to 2 last year and the median sales price has gone up from about $2.365 million in 09 to about $3.6 million in 10. The average sales price also rose from that $2.365 million mark to over $4 million this year. The numbers of escrows is also about double what it was last year rising from 4 to 7 but the median list price on those escrows fell from $2.65 million in 09 to just below $2 million this year. Right now there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of about $4 million and an average list price of about $6.1 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first three months of 09 in the Condo market there was no activity
For the Santa Barbara Real Estatearea of West of State St for the first 3 months of 09 and 10 there were 34 sales for both years. The median sales price has risen slightly from $725,000 last year to $772,000 this year. The average sales price declined however from about $910,000 last year to $820,000 this year. The numbers of escrows shows a bulge this year rising from 44 in 09 to 49 in 10 and the median list price on those escrows went up from $749,000 to $829,000 this year. Right now there are just 69 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of about $950,000 and an average list price of over $1.4 million.
For the Santa Barbara Real Estatearea of West of State St for the first three months of 10 there have been 16 sales compared to 10 last year with the median sales price dropping from about $520,000 last year to about $440,000 this year. The average sales price also went down from about $590,000 in 09 to about $480,000 this year. The numbers of escrows has doubled however going from 13 to 26 while the median list price on those escrows came down from $535,000 in 09 to about $500,000 this year. Right now there are just 41 condos available for purchase on the West Side of Santa Barbara with a median list price of about $580,000 and an average list price of about $820,000.
For the Santa Barbara Real Estate area of East of State St for the first 3 months of 10 there have been 43 sales this year compared to 29 last year. But the median sales price has fallen from $970,000 in 09 to about $890,000 this year. The average sales price is much closer together however with last year posting a $1.019 million mark and this showing up at $1.08 million. The numbers of escrows also shows a bulge this year with 50 compared to last year when it was 35. But the median list price on those escrows fell from $1.039 million last year to $925,000 this year. Right now there are 119 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.4 million and an average list price of about $1.7 million.
For the Santa Barbara Real Estate area of East of State St for the first three months of 10 there have been 16 sales this year compared to 7 last year. But the median sales price dropped from $573,000 last year to $417,500 this year. The average sales price declined even further falling from about $630,000 in 09 to about $420,000 this year. The numbers of escrows is a lot closer together however rising from 14 in 09 to 15 in 10 but the median list price last year was $539,000 compared to $499,000 this year. Right now there are 40 condos available for purchase on the East Side of Santa Barbara with a median list price of $645,000 and an average list price of $855,000.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 3 months of both 09 and10 there were 21 sales. But the median sales price last year was $2.5 million while this year its been $2.1 million. The average sales price has gone up however from $2.6 million last year to $3.25 million this year. There are more escrows opened this year however with 32 so far with a median list price of about $2 million compared to last year when there are 24 opened escrows with a median list price of about $2.8 million. Right now there 177 Home Estate/PUDs available for purchase in Montecito with a median list price of about $4 million and an average list price of about $5.25 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first three months of 10 there have been 5 sales with a median sales price of about $1 million and an average list price of about $1.45 million. Last year there were no sales. Also this year there have been 5 opened escrows with a median list price of $1.2 million while last year there was 1 escrow with a list price of $729,000. Right now there are 19 condos available for purchase in Montecito with a median list price of about $1.3 million and an average list price of about $1.5 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 3 months of 10 there have been 20 sales compared to 6 in 09 and the median sales price has gone from about $600,000 last year to about $850,000 this year. The average sales price fell however from about $1.56 million in 09 to just over $1 million this year. The escrow are about the same for both years going up from 13 in 09 to 14 in 10 and the median list price on those escrows is also close going up from about $675,000 last year to about $680,000 this year. Right now there are 69 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,347,000 and an average list price of over $4 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first three months of 10 there have been 14 sales compared to 8 the previous year but the median sales price has dropped about $435,000 in 09 to about $385,000 this year. The average sales price also fell from $435,000 last year to $385,000 this year. The number of escrows almost doubled this year going up from 10 to 19 but the median list price on those escrows declined from about $450,000 to about $410,000. Right now there are 26 condos available for purchase in Carpinteria/Summerland with a median list price of $570,000 and an average list price of about $920,000.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through March 24, 2010 there have been 29 sales compared to 33 last year and the median sales price has drifted downward from $715,000 to $685,000 for a 0.7% decline.
The gap between the median list price of $1.49 million and the median sold price of $685,000 is 34.7% compared to 09 when there was a $1.099 million list price and a $715,000 median sold price for a 34.9% differential.
For the condo market in Goleta Real Estate North through March 24, 2010 there have been 6 sales compared to 5 last year. The median sales price is also very close together slipping slightly from $460,000 last year to $457,000 this year.
The gap between the median list price of $429,000 and the median sold price of $457,000 gives us a positive 6.5% bulge compared to last year then the median list price was $439,000 and the median sold price was $460,000 for a positive 4.8% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through March 24, 2010 there have been 13 sales compared to 16 last year. The median sales price has also declined from $702,500 last year to $590,000 this year for a 16% drop.
The gap between the median list price of $899,000 and the median sold price of $590,000 gives us a 34.4% gap this year compared to 09 when there was about a about $1.1 million median list price and a $702,50a0 median sold price for a 36.1% differential.
For the condo market in Goleta Real Estate South through March 24, 2010 there have been 6 sales this year which is exactly what occurred last year to this point. The median sales price is also very close together falling slightly from $372,000 last year to $362,500 this year for a 2.6% drop.
The gap between the median list price of about $379,500 and the median sold price of $362,500 in 10 is just 4.5% compared to 09 when there was a $475,000 median list price and $372,000 median sold price for a 21.7% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Estate Hope Ranch Real Estatefor the Home Estate/PUD market through March 24 there have been 2 sales compared to 2 for the previous year with the median sales price rising to about $3.6 million this year compared last year when it was $2.365 million for a 51.4% rise.
The gap this year of the median list price of about $3.95 million and the median sold price of $3.58 million gives us a 9.3% gap compared to 09 when the median list price was about $3.5 million and the median sales price was $2.365 million gave us a 32.3% gap.
For Santa Barbara Real Estates Hope Ranch Real Estate area for the period of Jan.1 through April 15 for Condos there was no activity.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estatearea of West of State St area for the Home Estate/PUD market through March 24, 2010 there have been 31 sales which exactly what occurred last year. And the median sales price is very close together also rising from $735,000 last year to $775,000 this year for an approximately 5% rise.
The gap between the median list price of $1,150,000 and the median sold price of $775,500 for 10 gives us a 32.6% differential compared to 09 when the median list price was $965,000 and the median sold price was $735,000 gives us a 23.8% gap.
For the Santa Barbara Real EstateWest Side condo market there have been 12 sales in 10 compared to 8 in 09 and the median sales price drifted down from $542,500 in 09 to $443,000 in 10 for an 18.3% decline.
The gap of the median list price of $615,000 and the median sales price of $443,000 is about 28% compared to 09 when the median list price was $729,000 and the median sales price was $542,500 for a 25.6% differential.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Estatearea East of State St area for the Home Estate/PUD market through March 24, 2010 there have been 41 sales compared to 25 in 09. The median sales price has dropped however from $970,000 last year down to about $890,000 this year for an 8.5% decline.
The gap between the median list price of $1.349 million and the approximately $890,000 median sales price yields a 34.2% discrepancy and in 09 the median list price of about $1.3 million and the $970,000 median sales price gave us a 25.3% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estatethrough March 24, 2010 there have been 15 sales compared to 7 last year. But the median sales price declined from $573,000 last year to $415,000 this year for a 27.6% fall.
The gap for 10 with a median list price of $695,000 and the $415,000 median sales price gives us a 40.3% differential whereas in 09 the median list price was approximately $700,000 compared to the $573,000 median sales price gives us a gap of about 18%.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through March 24, 2010 there have been 16 sales this year compared to 18 in 09 and the median sales price dropped from $2.3 million last year to $2,075,000 this year for an 11.1% decline.
The gap between the median list price of $3.75 million this year and the median list price and the median sales price of $2,075,000 is 45% and last year the median list price was about $3.7 million and when compared to the $2.3 million median sold price we got a 37.8% gap.
For the condo market in Montecito Real Estate through March 24, 2010 there have been 5 sales compared to none last year and the median sales price this year is$1,075,000 million.
The gap between the median list price of $1.295 million and the median sale price of $1,075,000 million is 17%.
Santa Barbara Real Estate Statistics
For Santa Barbara Reals Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through March 24 has been $882,500 which is up about 50% from last year. The numbers of sales has risen even further and is up from 5 last year to 18 this year.
The difference between the median list price of $1.285 million this year and the $882,500 median sales price is about 31.3% whereas in 09 the median list price was $1.295 million and when compared to the median sales price of $591,000 there was almost a 95% gap.
For the Carpinteria Real Estate/Summerland Real Estate condo market there have been 12 sales this year compared to 7 last year but the median sales price slid down slightly from $390,000 in 09 to about $380,000 in 10 for about a 3% decline.
The median list price this year is $575,000 and when compared to the median sales price of approximately $380,000 you get a 34% gap whereas last year there was a $499,000 median list price and when compared to the median sold price of $390,000 you get about a 22% gap.
Santa Barbara Real Estate Statistics
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of Feb. 17 to Mar. 17 2010 there were 11 sales compared to 13 last year. But the median sales price went up from $717,000 in 09 to $780,000 in 10. The average sales price also rose from about $700,000 in 09 to about $840,000 this year. The numbers of escrows also rose from 8 last year to 15 this year with the median list price for those escrows going up from about $720,000 last year to about $750,000 this year. So far this year there have been 25 new listings for the period with a median list price of about $850,000 compared to last year when there were 24 new listings with a median list price of also about $850,000. Right now there are 71 Home Estate/PUDs available for purchase in Goleta North with a median list price of $1,049,000.
For the condo market in Goleta Real Estate North for the same period there were 3 sales this year and 3 sales last year. But the median sales price fell this year from $535,000 last year to $455,000 this year. The average sold price also fell from just over $400,000 last year to about $380,000 this year. For the period were talking about there were 5 escrows opened with a median list price of $359,000 and last year there were 3 opened escrows with a median list price of just under $300,000. So far this year there have been 5 new listings with a median list price of about $380,000 compared to last year when there were 8 new listings with a median list price of about $460,000. Right now there are 13 condos available for purchase in Goleta North with a median list price of about $450,000.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from Feb. 17 to Mar. 17 2010 there were 4 sales compared to 6 last year. The median sales price also declined this year falling from $857,000 last year to about $720,000 this year. The average sales price also fell from about $770,000 last year to about $720,000 this year. For 10 there were 7 opened escrows with a median list price of about $650,000 and last year there were 8 opened escrows with a median list price of about $675,000. So far in 10 there have been 15 new listings with a median list price of about $730,000 and last year there were 13 new listings with a median list price of about $740,000. Right now in Goleta South there are 39 Home Estate/PUDs available for purchase with a median list price of just under $900,000
For the condo market in Goleta Real Estate South for the same period there was 1 sale this year for $260,000 compared to last year when there were 2 sales with about a $450,000 median and list price. So far this year there have been 5 opened escrows with a median list price of about $380,000 and last year there were 3 opened escrows with a median list price of just under $400,000. So far this year there have been 4 new listings with a median list price of about $380,000 compared to last year when there were 9 new listings with a median list price of about $555,000. Right now there are just 8 condos available for purchase in Goleta South with a median list price of about $380,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estatefor the period of Feb. 17 to Mar. 17 2010 there were no sales and in 09 for the same period there were also no sales. There were 3 opened escrows this year however with a median list price of about $1.8 million while last year was just 1 opened escrow with a list price of about $3 million. For both years there were 5 new listings but this year the median list price for those properties is $6.7 million while last year it was closer to $3 million. Right now there are 19 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $4.75 million.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity.
For the Santa Barbara Real Estatearea of West of State St for Home Estate/PUDs for the period of Feb. 17 to Mar. 17 10 there have been 18 sales compared to last year when there were 11. The median sales price has also gone up for that time period rising from about $700,000 in 09 to over $800,000 in 10. The average sales price dropped however from about $930,000 last year to about $820,000 this year. There have been 23 open escrows this year with a median list price of $829,000 compared to last year when there were 10 open escrows with a median list price of about $590,000. So far in 10 there have been 36 new listings with a median list price of $915,000 while last year there were 26 new listings with a median list price of about $950,000. Right now there were just 63 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1,129,000.
For the condo market for the same time period on the West Side of Santa Barbara Real Estatethere were 8 sales this year compared to 3 last year. But the median sales price dropped from $560,000 in 09 to $445,000 in `10. The average sales price declined even further falling from just under $600,000 last year to about $470,000 this year. So far in 10 there have been 13 opened escrows with a median list price of $525,000 while last year there were only 4 opened escrows with a median list price of about $500,000. This year there have been 17 new listings with a median list price of about $575,000 while last year there were 11 new listings with a median list price of about $520,000. Right now there are 41 condos available for purchase on the West Side of Santa Barbara with a median list price of about $690,000.
For Santa Barbara Real EstateEast of State St for Home Estate/PUDs there were 12 sales from Feb. 17 to March 17 with a median sold price of about $1.23 million compared to last year when there were 11 sales with a median sales price of about $820,000. The average sales price last year was $964,000 and this year its over $1.3 million. There have been 23 opened escrows for 10 compared to 11 last year but the median list price for those escrows fell from $1,039,000 last year to just about $900,000 this year. For 10 weve seen 38 new listings come on the market with a median list price of about $1.375 million compared to last year when there were 36 new listings with a median list price of $1.15 million. Right now on the East Side of Santa Barbara there are 108 Home Estate/PUDs available for purchase with a median list price of about $1.4 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estatethis year there have been 7 sales for this period compared to 4 last year for the same time. But this year the median sales price was $420,000 compared to last year when it was $556,000. The average sales price also fell from about $550,000 in 09 to about $430,000 this year. Both years have 5 opened escrows and the median sales price for those escrows is only $10,000 apart with $550,000 for 09 compared to $540,000 for 10. The new listings having fallen way down however dropping from 18 last year with a median list price of about $550,000 compared to 8 this year with a median list price of about $645,000. Right now there are 40 condos available for purchase on the East Side of Santa Barbara with a median list price of $655,900.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 4 sales for the period of Feb. 17 to Mar. 17 this year compared to 9 last year. With the median sales price dropping by more than half from $2.9 million in 09 to about $1.4 million this year. The average sales price also declined from $2.8 million last year to $1.5 million this year. The new listings are way down also dropping from 39 in 09 with a median list price of about $3 million to 26 new listings with a median list price of about $2.5 million. The escrows are way up however with this showing 13 opened escrows compared to 8 last year but the median list price this year is about $2 million compared to last year when it was closer to $3 million. Right now there are 176 Home Estate/PUDs available for purchase with a median list price of about $3.8 million.
For the Condo market in Montecito Real Estate for the same period there was 1 sale this year for just below $1 million compared to last year when there were none. Both year showed no new open escrows but in 09 there were 9 new listings with a median list price of about $1.4 million compared to last year when there were 5 new listings with a median list price of about $1.25 million. Right now there were 18 condos available for purchase with a median list price of about $1.3 million
For the Santa Barbara Real Estate an area of Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs for the 30 day period from Feb. 17 to Mar. 17 there were 3 sales this year compared to none for the same period in 09. The median sales price for those 3 was $1.25 million with the average sales price about the same. Both periods had about 15 new listings show up with the 10 listings having a median list price of about $950,000 and in 09 the median list price was just under $900,000. For 10 there were 4 open escrows with a median list price of about $556,000 while in 09 there were 7 open escrows with a median list price of about $800,000. Right now there are 75 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.4 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 7 sales this year compared to 4 last year but the median sales price this year was just under $400,000 and last year it was closer to $520,000. The average sales price was a little closer together with about $400,000 average this year compared to a $485,000 average sales price last year. This year 7 new listings came on the market with a median list price of about $440,000 and last year there were 11 new listings with a median list price of about $400,000. Right now there are 25 condos available for purchase in Carpinteria/Summerland with a median list price of $570,000.
For Goleta North area of Goleta Real Estate Real Estate for the Home Estate/PUD market through March 12 there are 71 properties available with an average list price of about $2.2 million. The most expensive property available in the area is listed for $22 million while at the other end of the spectrum theres a home on the market for $180,000. The median list price for Goleta is $995,000.
There are 20 that are in escrow right now with an average list price for those homes of about $896,430. The highest priced listing in escrow is on the market for $2.35 million while the least expensive property is listed at about $409,000. The median list price for homes in the area is just under $749,900.
Through March 12 there have been 24 Home Estate/PUD sales on the North Side of Goleta with an average sales price of about $720,000. The highest priced sale was for $1.1 million while the least expensive sale was for $450,000 giving us a median sales price of $680,000.
For the condo market in Goleta Real Estate North through March 12 there are just 15 properties available with an average list price of about $489,000. The highest priced condo is on the market for $1,059,000 and the least expensive home can be had for just $299,000. The median however is right at $459,000.
Right now there are 6 condos in escrow with an average list price of about $330,000. The highest priced condo in escrow right now is listed at $549,000 while the least expensive condo is on the market for $202,000 giving us a median list price for condos in escrow of $228,100
Through March 12 there have been 5 condo sales with an average sales price of just under $415,420. The higher priced sale was for $470,000 and the less expensive sale was for $228,100 giving us a median sales price for the area of $459,000.
In the Goleta Real Estate South area through March 12 there are 38 Home Estate/PUDs available for purchase with an average list price of about $1.05 million. The most expensive home on the market is listed for $2.2 million while the least expensive listing is just $260,000 which gives us a median list price for the inventory of about $900,000.
There are 9 homes in escrow with an average list price of about $1 million. The most expensive property in escrow is listed for $2.65 million while the least expensive property is on the market for just $524,900. The median list price for Goleta South properties in escrow is just under $730,000
Through March 12 there have been 12 sales with an average sales price of about $585,000. The highest priced sale was for $765,000 with the least expensive sale going out for $374,325. The median sales price for Goleta South through the end of January is $552,000
For condos on the South Side of Goleta Real Estate through March 12 there are only 9 available properties with an average list price of about $365,766. The highest priced condo in the area is one the market for about $630,000 while the least expensive condo can be purchased for $228,100 giving us a median list price of $309,000.
There are 5 condos in escrow with an average list price of $446,400. The highest priced listing in escrow is on the market for just under $579,000 while the least expensive condo in escrow is listed for $259,000. The median list price for condos in escrow in Goleta South is $549,000.
There have been 4 condo sales in Goleta South through March 12 with an average sales price of $346,250. The more expensive sale was for $475,000 and the least expensive condo sale was for $215,000 giving us a median sales price of $230,000 for the area.
For Hope Ranch Real Estate for Home Estate/PUDs through March 12 the inventory stands at 19 homes with an average list price of $6.7 million. The highest priced listing is on the market for $28.5 million while the least expensive property is available for $1.65 million which gives us a median list price of just under $5.784 million.
Right now there are 4 properties in escrow with an average list price of about $1.78 million. The highest priced property in escrow is listed for just under $2 million while the least expensive property in escrow is listed for about $1.7 million giving us a median list price of about $1.7 on the properties currently in escrow.
Through January there have been 2 sales in Hope Ranch with an average sales price of $3,582,125. The most expensive home sold for $3,664,250 while the less expensive home sold for $3.5 million.
For Santa Barbara Real Estate for Hope Ranch Real Estate the Price Range Statistics for Condominiums was no activity.
In the West of State St area of Santa Barbara Real Estate through March 12 there are 56 Home Estate/PUDs available for purchase with an average list price of about $1.5 million. The highest priced listing on the West Side is on the market for about $6.9 million while at the other end of the spectrum is a property listed for just under $500,000 which gives us a median list price of about $1.2 million.
There are 27 properties currently in escrow with an average list price of about $900,000. The most expensive property in escrow is listed at about $2.35 million while at the other end is one listed for about $420,000 which gives us a median list price for homes in escrow of about $800,000
Through March 12 there have been 22 sales on the West Side with an average sales price of about $845,000. The most expensive home sold for $1.85 million while the least expensive sale was $405,000 which gives us a median sales price so far this year of $750,000.
For the Condo market on the West Side of Santa Barbara Real Estatethrough March 12 there are 43 properties available for purchase with an average list price of about $835,000. The highest priced listing is available for $2.75 million and the least expensive listing can be had for just under $375,000 which gives us a median list price of $615,000.
There are 12 condos in escrow on March 12 with an average list price of just over $500,000. The most expensive condo in escrow right now is listed just under $750,000. The least expensive home in escrow is on the market for just under $340,000 which gives us a median list price of the 4 condos in escrow of $525,000.
Through March 12 there have been 11 condo sales with an average sales price of about $480,000. The most expensive condo sold for $735,000 and the least expensive condo went out for $380,000 which gives us a median sales price of about $450,000.
For the East of State St area of Santa Barbara Real Estatethrough March 12 there are 105 Home Estate/PUDs available for purchase with an average list price of about $1.8 million. The highest priced listing is on the market for $12,750,000 while the least expensive property can be had for $375,000 giving us a median list price of $1.4 million.
There are currently 25 homes in escrow with an average list price of about $1.56 million. The most expensive home in escrow is listed for $8.9 million with the least expensive home in escrow listed at $395,000 giving us a median list price of those homes in escrow of just under $900,000.
Through March 12 there have been 36 sales with an average sales price of $1,047,812. The most expensive sale in the area was for $3.5 million while the least expensive sale was for $455,000 giving us a median sales price of $839,000.
The condo market for the East Side of Santa Barbara Real Estatethrough March 12 there are 41 condos available for purchase with and average list price of about $850,000. The highest priced condo on the market is listed at $2.8 million while at the other end of the spectrum is one on the market for $346,900 giving us a median list price of$675,000.
There are 8 condos in escrow right now with an average list price of $564,390. The highest priced condo in escrow is listed at about $1.1 million while on the other end of the spectrum is one listed at $412,500 giving us a median list price for the condos in escrow of $430,275.
This year through March 12 there have been 12 condo sales with an average sales price of about $420,000. The highest priced sale was for $825,000. The least expensive property sold for $290,000 giving us a median sales price thus far this year of $420,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through March 12 there are 168 homes currently for sales with and average list price of about $5.5 million. The most expensive home in the area is listed at $29 million while the least expensive home is on the market for $965,000 giving us a median list price for the area of $3.95 million.
With all those listings we have 13 homes that are in escrow right now with an average list price of $3.36 million. The most expensive property in escrow is listed at $14,750,000 while the least expensive home in escrow is listed for $849,000 which gives us a median list price for homes in escrow in Montecito of $1,795,000.
Through March 12 there have been 13 Home Estate/PUD sales in Montecito with an average sales price of about $3.9 million. The most expensive home sold for $15.5 million while the least expensive listing went out for $685,000 which gives us a median sold price of $2,050,000.
For the Condo market in Montecito Real Estate there are currently 17 properties available with an average list price of about $1.5 million. The most expensive condo currently for sale can be had for just under $3 million while the least expensive property is listed for just under $600,000 which gives us a median list price of about $1.4 million.
Right now there are 2 condos in escrow in Montecito with an average list price of about $1.1 million. The higher priced condo in escrow is listed for $1.2 million and the other one in escrow is on the market for $995,000 which gives us a $995,000 median list price.
There have been 3 condo sales in Montecito this year with an average sales price of $1.7 million. The highest priced sale was for $3 million while the least expensive sale was for $1,050,000 giving us a median sales price of $1,075,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/ Summerland Real Estate for the Home Estate/PUD market through March 12 there were 167 properties available for purchase with an average list price of a whopping $3.87 million. Topping the list is one home on the market for about $30 million and on the other end was a property you can snap up for just under $300,000. The median list price for the area is $1,285,000.
In escrow currently there are 6 homes with an average list price of about $1.14 million. The most expensive home in escrow is listed at $2.5 million with the least expensive home in escrow listed at $556,800. The median list price of homes in escrow in Carpinteria/Summerland is $769,000.
Looking at Sold properties through March 12 there have been 15 sales with an average sales price of just over $1 million. The highest priced sale so far this year went out at $4 million with the least expensive sale showing up at $367,500. Those 2 extremes give us a median sales price for the area of $835,000.
For the condo market in Carpinteria Real Estate/ Summerland Real Estate 27 properties are available for purchase with an average list price of about $900,000. The highest priced listing is on the market for $4,395,000 while the least expensive listing is on the market for $359,000. The median list price of the area is $570,000.
In escrow right now are 9 properties with an average list price of $425,458. The most expensive property currently in escrow is listed at $689,000 while the least expensive property in escrow is priced at $362,500. The median list price for condos in escrow is $409,000.
Through March 12 there have been 10 condo sales with an average sales price of $358,420. The highest priced sale was for $470,000 while the least expensive condo sold for $255,000 giving us a median list price of $360,000.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 2 months of 10 the Home Estate/PUD sales are down from 24 to 19 but the median sales price has declined only slightly from $692,000 to $680,000. The average sales price has actually gone up from $704,700 to $718,744 and the new listings are way up from 37 in 09 to 50 in 10. The escrows are also up from 22 to 25 but the median list price on those 25 has fallen from $775,000 in 09 to $749,000 in 10. Right now there are 72 Home Estate/PUDs available for purchase in the Goleta North area with a median list price of about $1 million and an average list price of about $2.16 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first two months of 10 for the condo market there have been 4 sales this year compared to 1 last year with the median sales price for 10 just above $460,000 and that 1 sale last year right at $460,000. The average sales price this year is $405,525 down from that $460,000 mark last year. New listings are down from 20 to 13 and escrows are also down from 9 to 6. The median list price on those escrows has declined from $324,900 to just $228,100. Right now there are just 17 condos available for purchase in the Goleta North area with a median list price of about $450,000 and an average list price of about $475,000.
For the Santa Barbara Real Estate area of Goleta Real EstateSouth for the first 2 months of 10 the sales are down by 3 falling from 13 in 09 to 10 in 10. The median sales price has also fallen from $680,000 last year to $546,000 this year with the average sales price going down even further from about $780,000 to approximately $560,000. The new listings are also down falling from 29 to 22 while escrows are down from 16 to 9. The median list price on those escrows interestingly enough is up from $615,000 in 09 to $739,000 in 10. Right now there are just 37 Home Estate/PUDs available for purchase on the South Side of Goleta with a median list price of about $900,000 and an average list price of about $1.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first two months of 10 the condo market has seen 4 sales this year and 4 sales last year. But while the numbers of sales is the same the median sales price is not. That price has dropped from $452,000 to $347,500 with the average sales price falling even further from $542,125 in 09 to $346,250 in 10. The new listings have also declined from 15 to 12 with the median list price on those new listings going down from about $400,000 to about $300,000. Right now there are just 9 condos available for purchase on the South Side of Goleta with a median list price of about $310,000 and an average list price of approximately $385,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 2 months of 10 for the Single Family Residence market there have been 2 sales with a median and average sold price of about $3.6 million and last year there were 2 sales with a median and average sales price of about $2.36 million. This year there are 14 new listings compared to last year when there were 10. But the escrows have gone up from 2 in 09 to 4 in 10 while the median list price for those properties fell from $2.55 million 09 to about $1.7 million this year. Right now there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of just under $5 million and an average list price of about $6.5 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first two months of 09 in the Condo market there was no activity.
For the Santa Barbara Real Estate area of West of State St for the Home Estate/PUD market for the first 2 months of 10 sales are down from the same period in 09 dropping from 21 to 16. The median sales price has also declined from $870,000 to about $740,000 with the average falling from over $1 million to about $880,000. The numbers of new listings is exactly the same for both years but the escrows have fallen from 28 to 25. But the median list price of those 25 escrows is exactly where it was last year coming in at $749,000. Right now there are 60 Home Estate/PUDs available for purchase on the West Side with a median list price of $940,000 and an average list price of about $1.4 million.
For the Santa Barbara Real Estate of West of State St for the first two months of 10 in the condo market sales are up from 6 to 8 but the median sales price is down from $522,500 to $455,500. The average sales price is also down from $567,333 but the numbers of new listings has risen from 20 to 25. The pending listings are also up from just 6 last year to 15 this year but the median list price on those escrows is down from about $550,000 in 09 to just under $500,000 this year. Right now there are just 43 condos available for purchase on the West Side of Santa Barbara with a median list price of about $580,000 and an average list price of about $810,000.
For the Santa Barbara Real Estate area of East of State St for the first 2 months of 10 the numbers of sales is almost double what it was last year. In 09 there were 17 sales to this and currently there are 32. But the median sales price has declined from $970,000 in 09 to $832,000 in 10 with the average sales price falling from $1,032 last year to $957,851 this year. There are fewer new listings this year going from 77 in 09 to 60 in 10 but the escrows are up from 21 to 31. The median list price on those escrows however is down from $1.15 million to $925,000. Currently there are 97 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.45 million and an average list price of about $1.8 million.
For Santa Barbara Real Estate area of East of State St for the first two months of 10 in the condo market there have been 11 sales this year compared to 5 last year but while the numbers of sales more than doubled the median sales price has fallen by about half from $625,000 down to $323,500. The average sales price has also declined from about $660,000 to approximately $415,000. New listings are way down dropping from 31 in 09 to 20 in 10 but escrows are up from 7 to 9. The median list price on the escrows is down from about $600,000 to $435,000. Right now there are just 38 condos available for purchase on the East Side of Santa Barbara with a median list price of $675,000 and an average list price of over $850,000.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 2 months of 10 there have been 12 sales which is exactly how many occurred last year. But the median sales price has dropped about $1 million from approximately $3 million last year to about $2 million this year. But interestingly enough the average sales price has about doubled this year from $2.6 million last y ear to over $4 million this year. The new listings are down slightly from 70 in 09 to 66 in 10 but the escrows are up by 2 from 17 in 09 to 19 in 10. But the median list price on those 19 pending listings this year is about $1.8 compared to last year when it was $3.1 million. Right now there are 170 Home Estate/PUDs available for purchase in Montecito with a median list price of about $4 million and an average list price of about $5.6 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first two months of 10 there have been 3 sales compared to none last year. The median sales price on those 3 sales is $1,075,000 and the average is about $1.7 million. Both years had 8 new listings but this year there have been 4 open escrows compared to 1 last year. The median list price on those 4 is $1,075,000 and last year that one escrow had a list price of $729,000. Right now there are 15 condos available for purchase with a median list price of about $1.4 million and an average list price of $1.4 million.
For the Home Estate/PUD market for Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estate the month of February 2010 saw sales in the mid 40s, falling from 61 in the previous month. The median sales price rose however from $760,000 in January up to around the $800,000 level.
The decline in the number of sales was primarily in the sub million dollar bracket dropping from the low 50s in that range in December 09 to the mid 40s in January and to the low 30s in February. The $1 to $2 million price range saw a rise in activity however which accounts for the median sales price going up for the month. In January there were 8 sales in that range and in February the number went up to about 11. But, the over $2 million range saw a decline in sales falling from 7 in January to around 4 sales in February with only 1 sale over $5 million.
Comparing 09 to 10 for the 1st 2 months of the year sales are up by roughly 15% but median sales price is down by about 8% falling to approximately $775,000 for the year. Sales generally lag in the 1st quarter of the year so the decline in the numbers of sales is not unusual and there is a substantial amount of activity in the marketplace with a significant number of properties going into escrow. In January there were 55 escrows opened and in February that number rose to the high 60s. The median list price on those opened escrows also rose from $825,000 in January to right about $900,000 in February.
The sales price to original list price ratio also rose for the month from 75% in January to right about 80% for February, but when you look at both months combined that ratio is right around 77% for all of 10 so far compared to 84% for the same period in 09.
Looking at the Districts, Carpinteria/Summerland this year has sales that are more than triple what they were last year at this time and the median sales price has gone up from about $590,000 in 09 to approximately $835,000 in 10. In Montecito sales are almost exactly where they were last year at this time but the median sales price has dropped about $1 million from approximately $3 million last year to about $2 million this year.
On the East Side of Santa Barbara sales are almost double where they were last year but the median sales price has dropped from $970,000 last year to about $830,000 this year. For the West Side of Santa Barbara after a big year for sales in 09, this year sales have dropped about 23% and the median sales price has fallen from $870,000 in 09 to about $740,000 in 10.
Hope Ranch had 2 sales in both years but the median sales price was $2.36 million in 09 compared to $3.58 in 10. Goleta South after a big year in 09 has fallen behind in the numbers of sales this year and the median sales price has declined from $680,000 last year to about $550,000 this year. Goleta North has also fallen behind the 09 sales pace and the median sales price has also declined but only slightly from about $690,000 last year to approximately $680,000 this year.
The decline in sales in the below $1 million range is primarily due to the lack of inventory in that range. Listings are down in every District except Goleta North which is over 25% ahead of where it was last year while Montecito is basically at the same level of inventory we experienced last year at this time. But, while the inventory continues to shrink the escrows continue to mount. Every District except Goleta South has experienced more open escrows this year than occurred last year.
The sales picture is more varied however with Carpinteria/Summerland, Montecito and East of State St having more sales this year and West of State St, Goleta South and Goleta North experiencing fewer sales in 10. The encouraging signs for the month are in the strengthening of sales between $1 and $2 million but the troublesome signs are the declining inventory in the sub $1 million range.
For the Condo Market in Santa Barbara the numbers of sales have declined for the last 5 months in a row, dropping from 27 sales in December 09 to 21 in January 10 and to the high teens for February. The reason for the fall off of sales is the lack of inventory in the all important $350,000 to $500,000 range. During the month the condo overall inventory rose to about 150 available properties but of those less than 50 were priced below $500,000 and of those approximately 50 condos about 15% were the affordable properties requiring income limitations on the buyers.
But, while the sales have declined for the past 5 months when you compare 09 to 10 for the 1st 2 months of the year the numbers of sales are almost double where we were last year and the numbers of opened escrows are up by almost 50%. But, with sales and escrows up, the median sales price declined from $478,500 last year to about $425,000 this year. Even so, the trend seems to be up with the median sales price rising in February to about $460,000 from $375,000 in January.
Looking at the Districts, Carpinteria/Summerland has a couple of more sales this year than it did last year and the median sales price is stable for both years at about $365,000. Montecito, after a dismal start last year has had 3 sales so far this year with a median sales price of $1,075,000.
East of State St has seen a big run up in sales more than doubling what occurred last year at this time but the median sales price has dropped almost in half falling from $625,000 in 09 to $323,500 in 10. It should be noted however that this big decline in the median sales price for the East of State St area is primarily because of a significant number of short sales in one particular complex. On the West Side of State St condo sales are about 2 ahead of last year but the median sales price has declined from $522,500 to about $450,000.
Goleta South has almost exactly the same numbers of sales as we saw in 09 but the median sales price has dropped from $452,000 last year to $347,500 this year and Goleta North has 4 more sales than it did last year with the median sales price holding firmly at about $460,000 for both years.
Condo sales will start to rise as we move into the second quarter and the median sales price level should continue to be around $450,000 to $475,000. In February of the 18 sales 14 were below $500,000 and of the 4 over $500,000, 2 were over $1 million. The condo market in Montecito after being very quiet for most of 09 seems to be moving forward again but 3 sales in 2 months cant be considered a huge trend. Sales in the rest of the Districts are also ahead of or equal to last years numbers.
Inventory remains the problem in the condo market. Of the approximately 150 condo listings from Carpinteria to Goleta about 50 of them or 1/3 are below $500,000 and with 75% of the sales coming from that below $500,000 segment of the market the inventory in that range continues to diminish. Despite a decline in the median sales price in January the prices seem to be basically stable and should continue that way for the foreseeable future with numbers of sales depending on whether the inventory starts expanding or continues to contract.
Gary Woods
The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory through February 18 there have been 24 total listings compared to 35 in 09. The new listings fell from 18 in 09 down to 9 in 10. The escrows dipped a little less from 8 last year to 6 this year but the sales went up from 1 in 09 to 3 in 10. The average sales price dropped however from $460,000 last year to $385,700 this year.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings through February 18 the listings are up to 94 from 74 last year with new listings rising from 29 in 09 to 38 in 10. The escrows rose slightly from 20 in 09 to 21 in 10 with sales falling from 18 last year to 15 this year while the average sales price dropped from $712,267 in 09 to $659,743 to 10.
The PUD market for the Santa Barbara Real Estate area of Goleta North the overall inventory through February went up from 4 in 090 to 9 this year while new listings rose from 1 to 5. Escrows also went up from 1 in 09 to 2 in 10 but both years have no sales.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 2 months of 10 for the Home Estate/PUD market there have 15 sales compared to only four in 09 and the median sales price for those 15 sales went up to $835,000 this year from $588,000 last year. The average sales price rose even further going from $569,000 last year to just over $1 million this year. The numbers of new listings has risen slightly from 28 in 09 to 31 in 10 and the escrows are up from 6 to 9. But the median list price of those 9 escrows is at $769,000 compared to 09 when it was about $670,000. Right now there are 74 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.5 million and an average list price of over $4 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first two months of 10 in the condo market there have been 8 sales compared to 6 last year and the median sales price has remained very close also going from $365,000 in 09 to $367,500 in 10. Theres a little more difference in the average sales price which was almost $400,000 last year and currently is about $360,000. The numbers of new listings is also very close together with 19 in 09 compared to 20 in 10. But the numbers of escrows is way up from 6 last year to 11 this year and even more interesting is the median list price for those escrow rose from about $255,000 last year to about $410,000 this year. Right now there are 27 condos available for purchase in Carpinteria/Summerland with a median list price of about $600,000 and an average list price of about $930,000.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through February 18 there have been a total 16 listings compared to 31 in 09. New listings are also down from 12 in 09 with 11 in 10. Escrows also fell from 5 last year to 4 this year but sales are up from 3 to 4. But the average sales price fell from $546,500 in 09 to $346,250 in 10.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through February 18 the numbers of listings fell from 66 in 09 to 45 in 10 with the numbers of new listings falling from 26 last year to 17 this year. Escrows have fallen by half from 14 to 7 but sales are equal with 9 in both years. But the average sales price dipped from $870,078 in 09 to $540,814 in 10.
The PUD market for the Santa Barbara Real Estate area of Goleta South through February 18 there were 4 listings last year compared to 2 this year and in 09 there were 2 listings compared to 1 this y ear. Both years had no escrows opened but in 09 there was 1 sale from $1,000,000 compared to this year when there have been no sales.
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 February 18 there have been 26 listings this year compared to 29 last year. The new listings are up however from 9 in 09 to 13 this year. But the escrows are even with 2 in each year while the sales are up from 1 in 09 to 2 in 10. The average sales price also went up from $2,175,000 in 09 to $3,582,125 in 10.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch Real Estate there were no listings last year and just 1 this year. The good news is that 1 is now in escrow but has not closed yet.
The Condo market for the West of State St area of Santa Barbara Real Estate the total numbers of listings through February 18 are way down from 73 in 09 to 51 in 10. New listings are down nearly as much falling from 18 in 09 to 14 in 10. The escrows however up from 6 to 10 with the sales up from 4 to 6 this year. But the average sales price has dipped from $579,750 in 09 to $493,083.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through February 18 are down from 131 in 09 to 91 in 10. The new listings also fell from 40 last year to 33 this year. The escrows are also down from 27 in 09 to 22 in 10 with the sales down from 17 last year to 12 this year. The average sales price also fell from $1,045,176 last year to $917,458 this year.
The PUD market for the Santa Barbara area of West of State St there were 0 listings last year but 2 this year but both years have seen no new listings, no escrows and no sales.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through February 18 there have been 54 listings this year compared to 64 last year and the new listings went down from 25 in 09 to 19 in 10. But the numbers of escrows went up from 7 last year to 8 this year with sales going from 3 in 09 to 10 in 10 while the average sales price fell from $736,000 in 09 to $415,100.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through February 18 went down from 183 in 09 to 172 in 10. New listings didnt fall as far dropping from 66 in 09 to 63 in 10. Escrows however are way up from 20 last year to 29 in 10 with sales also rising from 14 last year to 27 this year. The average sales price dropped however from $1,048,071 last year to $944,491 this year.
For the PUD market on the East Side of Santa Barbara there have been 5 total listings this year compared to 2 last year with 3 new listings in 10 compared to 1 in 09. Everything else is zero for both years with no escrows and sales for 09 and 10.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through February 18 there were 22 total listings in 09 compared to 19 this year. But new listings went down 1 from 7 in 09 to 6 this year. The escrows went up from 1 last year to 3 this year with no sales to this point in 09 compared to 2 in 10. The average sales price for those 2 sales this year is just over $2 million.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through February 18 the total inventory went down slightly from 247 in 09 to 245 in 10. The new listings were exactly the same however with 63 in both years. The escrows were also the same with 16 in both years but the sales have gone up from 7 in 09 to 13 in 10. The average sales price also rose significantly from $2,393,429 in 09 to $5,007,769 in 10.
For the PUD market in Montecito there have been 7 active listings this year and 2 listings last year. But last year there was 1 new listing in 09 compared to 4 in 10. Only 1 escrow has been opened this year compared to non last year and 1 sale has been completed compared to none last year. That 1 sale was for $1,450,000.
For the Santa Barbara area of Carpinteria Real Estate/Summerland for the condo market through February 18 10 the overall inventory has dropped from 50 properties in 09 to 42 in 10. The new listings however are equal with 19. The escrows however are way from 3 to 10 this year and the sold properties have gone up from 3 to 5. The average sales price has gone done however from $355,000 in 09 to $317,800 in 10.
For Home Estates in Carpinteria Real Estate/Summerland the total numbers of listings through February 18 has the inventory down from 105 in 09 to 92 in 10 with new listings going up slightly from 25 to 28 this year. The numbers of escrow also went up from 6 to 8 with the sales rising significantly from 3 to 12. The average sales price also has gone way up from $561,667 to $1,041,858.
For PUDs in the Carpinteria/Summerland through February 18 there were no listings and no new listings. But there was 1 sale compared to last year when there was also 1. In 09 that 1 sale was for $591,000 and this year the sale was for $905,000.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/10 to 2/12/20 there were 15 sales compared to 17 the year before. The median sales price was also very close together falling from $686,000 in 09 to $674,000 in 10. The average sales price dropped a little further descending from $713,105 to $659,743. Those 15 sales took on average 80 days to get an accepted offer and when you add in another 55 days of escrow time you get an average marketing time of 135 days.
For Goleta Real EstateNorth condos there have been 3 sales this year compared to none last year. The median sales price for this year has been $459,000 with the average sales price dropping to $385,700. Those 3 sales took on average just 13 days to get an accepted offer and 28 days on average for escrow time giving us a total of 41 days of total marketing time.
Santa Barbara Real Estate Statistics
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 10 to February 12, 10 there were 9 sales compared to 8 the previous year. The median sales price the previous year was $787,350 and this year its been $540,000. The average sales price also fell from $893,837 in 09 to $540,813 in 10. Thos 9 sales this year took on average 44 days to get an accepted offer and when you add in another 71 days of escrow time you get a total of 115 days of total marketing time.
For Condominiums for Goleta Real Estate South for the same time period there 4 sales compared to 3 the previous year and the median sales price slid from $375,000 in 09 to $347,500 in 10. The average sales price fell even further from $546,500 to $346,250. Those 4 sales this year took on average 63 days to get an accepted offer and when you add in another 76 days of escrow time you get a total marketing time of 139 on average.
Santa Barbara Real Estate Statistics
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 10 to February 12, 10 there were 2 sales compared to 1 the previous yea. Those 2 sales had an average and median sales price of $3,582,125 million compared to the 09 sale which was for $2.175 million. Those 2 sales took on average 232 days to get an accepted offer and when you add in another 62 days of escrow time you get a total of 294 days of total marketing time.
For Condominiums in Hope Ranch Real Estate there was no activity.
Santa Barbara Real Estate Statistics
For West of State St in Santa Barbara Real Estatefor Home Estate/PUDs for the period of January 1, 10 to February 12, 10 there were 10 sales compared to 15 for 09. The median sales price also fell from $860,000 last year to $718,750 this year. The average sales price also dropped from $948,533 in 09 to $837,050 this year. Those 10 sales took on average 86 days to get an accepted offer with another 87 days of escrow time added in for a total of 173 days of total marketing time.
For Condominiums on the West Side of Santa Barbara Real Estatefor the same time period there were 4 sales in both years. The median sales price was also close dropping slightly from $496,000 in 09 to $443,000 in 10. The average sales price fell further from $579,750 last year to $487,125 this year. Those 4 sales this year took on average 69 days to get an accepted offer and when you add in another 72 days of escrow time the total marketing time comes out to 141 days.
Santa Barbara Real Estate Statistics
For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for January 1 10 to February 12 10 there were 25 sales compared to 09 when there were 11. But the median sales price dropped from $970,000 last year to $839,000 this year with the average sales dropping from $1,030,272 last year to $961,650 this year. Those 25 sales this year had on average 111 days before an accepted offer was received and when you add in another 50 days of average escrow time you get a total of 161 days of total marketing time.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 8 sales this year compared to 3 last year. But the median sales price plummeted from $850,000 in 09 to $316,750 in 10. The average sales price also fell from $736,000 in 09 to $411,062 in 10. Those 8 sales this year took on average 66 days to get an accepted offer then another 72 days of escrow time for a total 138 days of total marketing time.
Santa Barbara Real Estate Statistics
From 1/1/10 to 2/12/10 in Montecito Real Estate for the Home Estate/PUD market there were 11 sales this year compared to 7 last year. But the median sales price fell from $2.5 million in 09 to $2.1 million this year. The average sales price however rose from about $2.4 million last year to $4.34 million this year. Those 11 sales this year took on average 238 days to get an accepted offer with another 38 days of escrow time thrown in giving on average 278 days of total marketing time.
For Condominiums for the same time period in Montecito Real Estate this year there were 2 sales compared to none last year. Those 2 have an average and median sales price of $2,025,000. The 2 properties had on average 48 days of time before an accepted offer was received and another 34 days of escrow time for a total of 82 days of total marketing time.
Santa Barbara Real Estate Statistics
From 1/1/10 to 2/12/10 in Montecito Real Estate for the Home Estate/PUD market there were 11 sales this year compared to 7 last year. But the median sales price fell from $2.5 million in 09 to $2.1 million this year. The average sales price however rose from about $2.4 million last year to $4.34 million this year. Those 11 sales this year took on average 238 days to get an accepted offer with another 38 days of escrow time thrown in giving on average 278 days of total marketing time.
For Condominiums for the same time period in Montecito Real Estate this year there were 2 sales compared to none last year. Those 2 have an average and median sales price of $2,025,000. The 2 properties had on average 48 days of time before an accepted offer was received and another 34 days of escrow time for a total of 82 days of total marketing time.
Santa Barbara Real Estate Statistics
From January 1 10 to February 12 10 for Home Estate/PUDs in Carpinteria Real Estate/Summerland Real Estate there were 12 sales compared to the previous year when there were 4 sales. The Median sales price also rose from $588,000 in 09 up to $767,500 in 10 with the average sales price rising even further from $569,000 last year to about $1,050,000 this year. The 12 sales this year took on average 90 days to get an accepted offer and another approximately 60 days to close for a total marketing time of about 150 days on average.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 5 sales this year compared to 3 last year. The median sales price held firm however dropping only slightly from $340,000 in 09 to $330,000 in 10. The average sales price fell a little further from $355,000 last year to $317,800 this year. Those 5 sales this year took on average 79 days to get an accepted offer and with another 68 days of escrow time you get an average total marketing time of 146 days.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through February 6th 2010 there have been 10 sales compared to 15 last year and the median sales price has dipped slightly from $686,000 to $677,000 for a 1.3% decline.
The gap between the median list price of $1.095 million and the median sold price of $677,000 is 38% compared to 09 when there was a $1.075 million list price and a $686,000 median sold price for a 36% differential.
For the condo market in Goleta Real Estatea North through February 6th 2010 there have been 3 sales compared to none last year. This year the median sales price is $459,000.
The gap between the median list price of $439,000 and the median sold price of $459,000 gives us a positive 4.6% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through February 6th there have been 8 sales compared to 6 last year but the median sales price has dipped from $787,350 in 09 to $546,000 in 10 for a 30% drop.
The gap between the median list price of $1.039 million and the median sold price of $546,000 gives us a 47% gap this year compared to 09 when there was about a $1.2 million median list price and a $787,350 median sold price for a 34% differential.
For the condo market in Goleta Real Estate South through February 6th 2010 there have been 4 sales compared to 2 in 09 with the median sales price falling from $657,250 last year to $347,500 this year for a 47% decline.
The gap between the median list price of about $460,000 and the median sold price of $347,500 in 10 is 24.3% compared to 09 when there was a $525,000 median list price and $657,250 median sold price for a positive 25.2% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Estate Hope Ranch Real Estate for the Home Estate/PUD market through February 6th there have been 2 sales compared to 1 for the previous year with the median sales price rising to $3.58 million from last year when it was $2.175 million.
The gap this year of the median list price of about $3.425 million and the median sold price of $3.58 million gives us a positive 5% gap compared to 09 when the median list price was about $3.5 million and that 1 sale of $2.175 million gave us a 38% gap.
For Santa Barbara Real Estates Hope Ranch Real Estate area for the period of Jan.1 through April 15 for Condos there was no activity.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through February 6th this year there have been 9 sales compared to 13 last year. The median sales price also fell from $860,000 in 09 to $727,500 in 10 for a 15% decline.
The gap between the median list price of $975,000 and the median sold price of $727,500 for 10 gives us a 28% differential compared to 09 when the median list price was $899,000 and the median sold price was $860,000 for just a 4% gap.
For the Santa Barbara Real Estate West Side condo market there have been 3 sales in 10 compared to 4 in 09 and the median sales price drifted down from $496,000 in 09 to $451,000 in 10 for a 9% decline.
The gap of the median list price of $625,000 and the median sales price of $451,000 is about 28% compared to 09 when the median list price was $759,000 and the median sales price was $496,000 for a 35% differential.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through February 6th 2010 there have been 21 sales compared to 9 in 09. The median sales price has dropped however from $970,000 last year down to $860,000 this year for an 11.3% decline.
The gap between the median list price of $1.395 million and the $860,000 median sales price yields a 39% discrepancy and in 09 the median list price of $1.295 million and the $970,000 median sales price gave us a 25% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through February 6th there have been 8 sales compared to 3 the previous year. But the median sales price fell from a lofty $850,000 to just $316,750.
The gap for 10 with a median list price of $684,900 and the $316,750 median sales price gives us a 54% differential whereas in 09 the median list price was $724,500 compared to the $850,000 median sales price gives us a positive 17% bulge.
Santa Barbara Real Estate Statistics
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through February 6th 2010 there have been 7 sales this year compared to 7 in 09 and the median sales price is almost exactly the same in both years. For 09 the median sales price was $2.5 million and in 10 its $2.485 million.
The gap between the median list price of just under $4 million this year and the median list price of about $2.5 million is 37.5% and last year those same ratios were present.
For the condo market in Montecito Real Estate through February 6th 2010 there have been 2 sales compared to none last year and the median sales price is just over $2 million.
The gap between the median list price of $1.395 million and the median sale price of $2.025 million is a positive a 56%.
Santa Barbara Real Estate Statistics
For Santa Barbara Reals Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through February 6th 2010 there have been 9 sales compared to 4 the previous year and the median sales price for those 9 sales has gone up from $588,000 in 09 to $675,000 in 10 for about a 15% rise.
The difference between the median list price of $1.5 million this year and the $675,000 median sales price is about 55% whereas in 09 the median list price was $1.22 million and when compared to the median sales price of $588,000 there was a 52% gap.
For the Carpinteria Real Estate/Summerland Real Estate condo market there have been 5 sales this year compared to 3 last year but the median sales price slid down slightly from $340,000 in 09 to $330,000 in 10 for a 3% decline.
The median list price this year is $589,000 and when compared to the median sales price of $330,000 you get a 44% gape whereas last year there was a $495,000 median list price and when compared to the median sold price of $340,000 you get a 31% gap.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first month of 10 in the Single Family Home market 9 properties closed escrow with a median sales price of $674,000 and an average sales price of just under $650,000. Last year there were 11 sales with a median sold price of $700,000 and an average sales price of just under $750,000. This year there are 9 open escrows with a median list price of $749,000 and last year there were 12 open escrows with a median list price of $775,000. Right now there are 61 Home Estate/PUDs available for purchase with a median list price of about $1.1 million and an average list price of about $2.1 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first month of 10 in the Condo market there have been 3 sales with a median sales price of $459,000 and an average sales price of $385,700. In 09 there were no sales for the first month. This year there have been 3 open escrows with a median list price of $228,100 and last year there were 3 open escrows but the median list price then was $322,000. Right now there are just 11 Condos available for purchase in Goleta North with a median list price of $439,000 and an average list price of $478,481.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first month of 10 in the Single Family Home market 7 homes closed escrow compared to 6 in 09. The median sales price this year is $540,000 with an average sales price $555,285. In 09 the median sales price was $787,350 and the average sales price was $807,450. Last year there were 11 open escrows with a median list price of $659,000 and this year there are just 3 open escrows with a median list price of $825,000. Right now there are just 31 Home Estate/PUDs available for purchase with a median list price of $989,000 and an average list price of $1,126,351.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first month of 10 in the Condo market 3 condos closed escrows compared to 2 in 09. The median sold price dropped however from $657,250 last year to $465,000 this year. The average also fell from $657,250 in 09 to $385,000 this year. There have been 4 pended condos this year with a median list price of $259,000 whereas last year there were 4 pended properties with a median list price of $349,900. Right now there are just 6 condos available for purchase with a median list price of $549,000 and an average list price of $538,579.
Santa Barbara Real Estate Statistics
For the Santa Barbara Real Estate area of Hope Ranch Real Estatefor the first month of 10 in the Single Family Home market there have been 2 sales with a median and average sales price of $3,582,125 and last year there was just 1 sale for $2,175,000. But this year there is just 1 open escrow with a list price of about $1.7 million compared to 09 when there were 2 open escrows with a median list price of $2.55 million. Right now there are 17 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.425 million and an average list price of $4,648,411.
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.
Starting 2010 for the Home Estate/PUD market in Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estate January ended with about 60 sales. This is a drop from 95 in December which is to be expected but substantially ahead of the 44 that closed in January 09. The decline in the number of sales was most evident in the $1 to $2 million category which went from 27 in December to less than 8 in January. But the below $1 million price range also declined from over 50 sales in December to 44 in January and the $2 million and up category went from 11 sales in December to 7 in January with 2 of those sales over $5 million compared to 6 in December.
Accompanying the decline in the numbers of sales is a drop in the median sales price which for the month of January 10 went down to about $750,000. This drop to the $750,000 level has occurred every other month for the past 6 months falling from about $850,000 in December 09.
The number that really jumps out at me however is the Sales Price to Original List Price ratio which dipped down to just about 75% for January. That means if a property was listed for $1 million the average sales price was about $750,000. Certainly a lot of the sales in January were the ones left over from the end of 09 with a significant number of foreclosures and short sales in the mix but a 75% Sales Price to Original List Price ratio is as low as I have ever seen it and even the Sales Price to List Price ratio which normally hovers around the mid 90th percentile is below 85%.
There were however about 56 escrows opened for the month with the median list price for those properties around $825,000 so well have to see if the Median Sales price for February bounces back up to the mid $800,000 mark as it has done every other month for the last six months.
Looking at the districts, Carpinteria/Summerland has 8 sales already compared to 1 last January and the median sales price has gone from $500,000 in 09 to $675,000 this year. In Montecito there have been 7 sales so far this year with a median sales price of $3.3 million compared to 09 when there were 6 sales but the median sales price was about $1.7 million. I think that $3.3 million median sales price is an anomaly however because the 8 homes that went into escrow in January had a median list price of about $1.6 million which means the median sales price should continue to trend downward.
Sales on the East Side have jumped up from 10 in 09 to 20 in 10 but the median sales price has dipped from $970,000 last year to $839,000 this year. The West Side on the other hand has fewer sales with 8 this year compared to 10 in 09 and the median sales price has also dropped from $886,000 last year to $727,500 this year.
Hope Ranch has 2 sales so far this year with a median sales price of about $3.6 million while in 09 there was just 1 sale for $2.175 million. But, just as with Montecito the price trend is downward with the 1 escrow that opened in January displaying a list price of about $1.7 million compared to 09 when there were 2 escrows opened with a median list price of about $2.5 million.
Goleta South has 8 sales so far this year compared to 6 last year but the median sales price has dropped substantially from about $790,000 last year to approximately $550,000 this year. And finally Goleta North has 9 sales this year compared to 11 last year with the median sales price falling from $700,000 in 09 to $674,000 in 10
There is still a lot of activity in the marketplace but until the foreclosures and short sales have left the inventory this descending price trend should continue and unfortunately it looks like those distressed properties will continue to appear.
For the condo market, 09 started with about 12 sales but in 2010 the number is over 20. But, last year those 12 sales had a median sales price of about $480,000 and this year the median sales price is closer to $375,000. Just like with the Home Estate/PUD market there are a substantial number of short sales and foreclosures that are part of that mix which is driving the price down but even so thats still the lowest 1 month median sales price in years.
It looks like the median sales price should come back up however because in January there were 27 escrows opened with a median list price of $429,000. The Sales Price to Original List Price ratio is also a lot stronger compared to the Home Estate number of 75% with condos currently hovering around the 92nd percentile.
Condo prices have been fairly stable since quarter 2 of 09 going anywhere from about a $450,000 median sales price to a $500,000+ median sales price each month with a slight upward pressure until this January. At this point I tend to think the big drop in median sales price this January is an anomaly rather than a trend.
What is a trend however, is the decline in the upper end of the condo market. Of the 21 sales in January, 19 were from $510,000 down with the least expensive condo selling for $215,000. Above $510,000 there were only 2 sales, 1 for $815,000 on the East Side of Santa Barbara and 1 for $1,050,000 in Montecito. Of the 319 condo sales in 09 less than 20 of them were for $1 million or over with most of the higher priced properties selling either in downtown Santa Barbara or Carpinteria not Montecito.
Looking at the districts, Carpinteria/Summerland had 5 sales in January 10 compared to 3 in 09 with the median sales price falling slightly from $340,000 last year to $330,000 this year. In Montecito there was the 1 sale in January that I mentioned for $1,050,000 compared to none in 09.
On the East Side of Santa Barbara January had 7 sales this year compared to 3 in 09 but the median sales price fell from $850,000 last year to just $310,000 this year. On the West Side of town there were 4 sales in 09 compared to 2 in 10 with the median sales price dropping from $496,000 last year to $443,000 this year.
For Goleta South there were 3 sales in January 10 compared to 2 in 09 but the median sales price fell from $667,250 last year to $465,000 this year. And for Goleta North there were 3 sales this year with a median sales price of $459,000 compared to last year when there were none.
The condo market for the greater Santa Barbara area looks like its going to continue with between 25 and 30 sales a month and for the foreseeable future the median sales price should be about $450,000 with some slight upward pressure. The inventory after falling to an all time low of only 111 available units from Carpinteria to Goleta in December is starting to come back but this lack of inventory is the one element that would keep this portion of the market from moving forward.
For both Home Estate/PUDs and Condos the median sales price in January 2010 took a beating primarily because of the significant number of foreclosures and short sales that were a substantial part of the sales figures. There are definitely more properties in both categories coming on the market but whether its a flood or a trickle will determine whether prices remain where they are currently or move in one direction or the other.
Gary Woods
For the Santa Barbara Real Estatearea of West of State St for the first month of 10 in the Single Family Home market 7 properties closed escrow with a median sales price of $727,500 and an average sales price of just under $920,000. In 09 there were 10 sales with a median sales price of $886,000 and an average list price of $966,800. This year there have been 12 open escrows with a median list price of $625,000 and last year there were 16 open escrows with a median list price of just under $750,000. Right now there are 54 Home Estate/PUDs available for purchase with a median list price of $975,000 and an average list price of just under $1.4 million.
For the Santa Barbara Real Estatearea of West of State St for the first month of 10 in the Condo market 1 closed escrow with a sales price of $435,000. Last year there were 4 closed escrows with a median sales price of just under $500,000 and an average sales price of just under $580,000. But this year there are 7 open escrows with a median list price of about $435,000 compared to last year when there were 2 open escrows with a median list price just under $400,000. Right now there are just 38 Condos available for purchase on the West Side of Santa Barbara with a median list price of $625,000 and a median list price of $882,583.
For the Santa Barbara Real Estate area of East of State St for the first month of 10 in the Single Family Home market 17 homes closed escrow with a median sales price of $839,000 and an average sales price of $862,397. In 09 there were just 9 sales with a median sold price of $970,000 and an average sales price of just over $1 million. The pending numbers also look good this year with 15 open escrows with a median list price of $840,000 compared to 09 when there were 8 pending properties with a median list price of about $1.5 million. Right now there are 100 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.4 million and an average list price of just under $1.8 million.
For the Santa Barbara Real Estate area of East of State St for the first month of 10 in the Condo market 6 sales have occurred but the median sales price slid down to $307,500 with the average hovering around $420,000. In 09 there were just 3 sales but the median sales price was $850,000 with the average showing up at $736,000. This year there are 3 open escrows with a median list price of $435,000 while last year there were 4 open escrows with a median list price of $639,000. Right now there are just 34 Condos available for purchase on the East Side of Santa Barbara with a median list price of $650,000 and an average list price of $821,615.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 10 in the Single Family Home market 5 homes closed escrow compared to 6 in 09. But last year the median sales price was about $1.72 million and this year its gone up to $3.3 million. The average sales price also rose from $2,150,666 in 09 to $5,218,600 in 10. The pending properties however are above last years number with 8 homes currently in escrow with a median list price of just under $1.6 million compared to last year when there were 6 homes in escrow with a median list price of $2.45 million. Right now there are 166 Home Estate/PUDs available for purchase in Montecito with a median list price of just under $4 million and an average list price of $5.67 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 10 in the Condo market there was 1 sale for $1,050,000 and last year there were no sales. This year there were also 2 open escrows in the area with a median list price of $1.2 million and last year there were no open escrows. Right now there are just 14 condos available for purchase in Montecito with a median list price of about $1.3 million and an average list price of $1.43 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 10 for the Home Estate/PUD market there were 8 sales compared to just 1 in 09. The median sales price also went up from $500,000 for that 1 sale last year to $790,000 for those 8 closed properties. The average sales price was even higher showing up at just under $1.2 million. For Jan. 10 there are 5 homes in escrow compared to 2 in 09 and the median list price on those properties was about $670,000 last year compared to about $770,000 this year. Right now there are 68 Home Estate/PUDs available for purchase in the area with a median list price of about $1.4 million and an average list price of just under $4 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 10 in the Condo market there were 5 sales compared to 3 in 09 but the median sales price slid slightly from $340,000 last year to $330,000 this year. The average sales price slid even further from $355,000 in 09 to $317,800 in 10. The pending numbers this year also look good with 5 this year compared to 2 last year and the median list price in 09 was $255,500 and this year that median list price for pended listings is just under $400,000. Right now there are just 25 condos available for purchase in Carpinteria/Summerland with a median list price of just under $500,000 and an average list price of $664,034.
For Goleta North area of Goleta Real Estate Real Estate for the Home Estate/PUD market through January 25 there are 61 properties available with an average list price of about $2.08 million. The most expensive property available in the area is listed for $22 million while at the other end of the spectrum theres a home on the market for $180,000. The median list price for Goleta is $995,000.
There are 6 that are in escrow right now with an average list price for those homes of about $800,000. The highest priced listing in escrow is on the market for $1.095 million while the least expensive property is listed at about $660,000. The median list price for homes in the area is just under $749,000.
Through January 25 there have been 7 Home Estate/PUD sales on the North Side of Goleta with an average sales price of about $620,000. The highest priced sale was for $685,000 while the least expensive sale was for $515,000 giving us a median sales price of $600,000.
For the condo market in Goleta Real Estate North through January 25 there are just 11 properties available with an average list price of about $475,000. The highest priced condo is on the market for $1,059,000 and the least expensive home can be had for just $202,800. The median however is right at $439,000.
Right now there are 2 condos in escrow with an average list price of about $348,550. The highest priced condo in escrow right now is listed at $469,000 while the least expensive condo is on the market for $228,100
Through January 25 there have been 2 condo sales with an average sales price of just under $464,500. The higher priced sale was for $470,000 and the less expensive sale was for $459,000.
In the Goleta Real Estate South area through January 25 there are only 32 Home Estate/PUDs available for purchase with an average list price of about $1.2 million. The most expensive listed property can be purchased for $1.85 million while the least expensive property is listed for just $260,000. The median list price for the area is about $989,000.
There are 5 homes in escrow with an average list price of about $549,000. The most expensive property in escrow is listed for $765,000 while the least expensive property is on the market for just $392,500. The median list price for Goleta South properties in escrow is just under $525,000
Through January 25 there have been 5 sales with an average sales price of about $549,000. The highest priced sale was for $765,000 with the least expensive sale going out for $392,500. The median sales price for Goleta South through the end of January is $525,000
For condos on the South Side of Goleta Real Estate through January 25 there are only 6 available properties with an average list price of about $490,000. The highest priced condo in the area is one the market for $679,900 while the least expensive condo can be purchased for $259,000 giving us a median list price of $525,000.
With 6 available properties there are 2 in escrow with an average list price for those 2 of $377,000. The highest priced listing in escrow is on the market for just under $459,000 while the least expensive condo in escrow is listed for $295,000. The median list price for condos in escrow in Goleta South is $295,000.
There have been 2 condo sales in Goleta South through January 25 with an average sales price of $470,000. The more expensive sale was for $475,000 and the lesser priced home sold for $465,000.
For Hope Ranch Real Estate for Home Estate/PUDs through January 25 the inventory stands at 13 homes with an average list price of $4.7 million. The highest priced listing is on the market for just under $10 million while the least expensive property is available for $1.795 million which gives us a median list price of just under $4 million.
Right now there is 1 property in escrow with a list price of $1,699,000.
Through January there have been 2 sales in Hope Ranch with an average sales price of $3,582,125. The most expensive home sold for $3,664,250 while the less expensive home sold for $3.5 million.
For Santa Barbara Real Estate for Hope Ranch Real Estate the Price Range Statistics for Condominiums was no activity.
In the West of State St area of Santa Barbara Real Estate through January 25 there are 53 Home Estate/PUDs available for purchase with an average list price of about $1.4 million. The highest priced listing on the West Side is on the market for about $6.9 million while at the other end of the spectrum is a property listed for just under $400,000 which gives us a median list price of about $1.1 million.
There are 8 properties currently in escrow with an average list price of about $1,016,000. The most expensive property in escrow is listed at about $1.9 million while at the other end is one listed for $519,000. When you mush all this together you get a median list price for homes in escrow of $679,000.
Through January 25 there have been 3 sales on the West Side with an average sales price of about $1 million. The most expensive home sold for $1.85 million while the least expensive sale was $519,000 which gives us a median sales price so far this year of $679,000.
For the Condo market on the West Side of Santa Barbara Real Estate through January 25 there are 37 properties available for purchase with an average list price of $871,853. The highest priced listing is available for $2.75 million and the least expensive listing can be had for just under $350,000 which gives us a median list price of $625,000.
There are 4 condos in escrow on January 25 with an average list price of just over $500,000. The most expensive condo in escrow right now is listed just under $700,000. The least expensive home in escrow is on the market for just under $400,000 which gives us a median list price of the 4 condos in escrow of $419,000.
Through January 25 there have been no Condo sales on the West Side of Santa Barbara.
For the East of State St area of Santa Barbara Real Estate through January 25 there are 100 Home Estate/PUDs available for purchase with an average list price of about $1.8 million. At the top of the charts is a home listed for $12.75 million while at the other end of the spectrum is a home that can be purchased for $395,000. All this gives us a median list price of just under $1.4 million.
With all those listings there are 11 homes in escrow with an average list price of about $875,000. The most expensive home in escrow is on the market for $1.275 million while the least expensive home in escrow is listed at $600,000. All this gives us a median list price for homes in escrow of $839,000.
Through January 25 there have been 12 sales with an average sales price of $874,895. The highest priced sale was $1.275 million and the least expensive sale was for $600,000. The median sales price for homes on the East Side is $839,000 so far this year.
The condo market for the East Side of Santa Barbara Real Estate through January 25 shows us 37 properties on the market with an average list price of $821,792. The most expensive condo is on the market for $2.8 million while the least expensive listing is for just $361,900 which gives us a median list price of $679,000.
There are 2 condos in escrow right now with an average list price of $432,000. The highest price property in escrow is $435,000 and the least expensive listing was on the market for $429,000 giving us a $429,000 median list price.
This year through January 25 there have been 5 condo sales with an average sales price of about $405,000. The highest priced sale was for $825,000. The least expensive property sold for $290,000 giving us a median sales price thus far this year of $305,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through January 25 there are 167 Home Estate/PUDs available in the area with an average list price of about $5.7 million. Topping the list is a home on the market for $29 million and on the other end of the spectrum is property that can be purchased for just $875,000 but the median list price for the area is just under $4 million.
With all those listings we have 3 homes that are in escrow right now with an average list price of about $2.7 million. The most expensive home in escrow is listed at $5.45 million and the least expensive home is listed at $772,900. The median list price on homes in escrow right now is about $1.6 million.
Through January 3 there have been 3 Home Estate/PUD sales in Montecito with an amazing average of over $10 million. Topping the charts is a property that sold for $15.5 and on the other end is one sold for $943,000 this gives us a whopping $15 million median sales price.
For the Condo market in Montecito Real Estate there are currently 13 properties available with an average list price of about $1.47 million. The highest priced condo listing is a whopping $2.5 million and the least expensive condo can be snapped up for under $600,000 which gives us a median list price for Montecito of about $1.4 million.
Right now there are 2 condos in escrow in Montecito with an average list price of $1.125 million. The higher priced condo in escrow is listed for $1.2 million and the other one in escrow is on the market for $1,050,000 which gives us a $1,050,000 median list price.
There has been 1 condo sale for $1,050,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/ Summerland Real Estate for the Home Estate/PUD market through January 25 10 there are 62 properties available for purchase with an amazing average list price of about $4.15 million. Topping the charts in the area is 1 home listed for $29 million and on the other end of the scale you is a home you can get for just $359,900. When you mix it all together you get an approximately median list price for Carpinteria/Summerland is $1.495 million.
In escrow currently there are 4 homes with an average list price of $556,850. The most expensive home which has started the buying process is listed at $769,000 and the least expensive home of the 4 is listed at $373,500. The median list price for home currently in escrow is $535,000.
Looking at Sold properties through January 25 there have been 6 that completed the buying process with an average sales price of $1,463,333. Topping the list is a property that sold for $4 million and the other end of the scale is a property that sold for $675,000. Starting off the year the median sales price for the area has gone up substantially currently residing at $905,000.
For the condo market in Carpinteria Real Estate/ Summerland Real Estate 23 properties are available with an average list price of about $580,000. Right at the top of the list is 1 condo on the market for $1.875 million and at the other end is a condo on the market for $320,000 but the median list price for the area is $487,000.
In escrow right now are 5 properties with an average list price of $$408,200. The highest priced condo in escrow right now is listed at $569,000 and the least expensive condo in escrow is listed for just under $300,000 but the median list price for condos in escrow is just under $400,000.
Through January 25 there have been 3 condo sales with an average sales price of about $325,000. The highest priced condo sold for $375,000 and the least expensive condo sold for $269,000. Right about in the middle is the median sales price thus far in 10 is $330,000.
The Condo market for the Goleta Real Estate North area of Santa Barbara the inventory through January 16 this year there have been 16 active listings compared to 23 last year. There were also 6 new listings compared to only 1 this year. But, both years saw 2 escrows opened but only 10 had 1 sale with none posted for 09. That 1 sale this year was for $459,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North the numbers of listings through January 16 this year there have been 68 active listings compared to 56 for last year. In 09 there were 11 new listings compared to 14 in 10 but 09 there were 9 opened escrows compared to 3 this year. The sales for both years were the same however with 5 in both skeins. The average sales did drop however from $748,000 in 09 to $629,000 in 10.
The PUD market for the Santa Barbara Real Estate area of Goleta Real Estate North the overall inventory through January 16 10 has seen 6 active listings compared to 3 in 09 and 2 new listings compared to 0 last year. But there was 1 escrow opened in 09 with 0 for 10 and now sales were rung up for either year.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through January 16 10 is 9 compared to 20 for 09. The new listings however are a different story with 1 last year and 4 this year. Escrows however are equal for both years with 2 in each skein but sales show us 1 in 09 and nothing so far in 10. That 1 sale in 09 was for $375,000.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate South through January 16 10 there have been 32 active listings compared to 48 last year and 8 new listings last year compared to 4 this year. Even more dramatic is there were 8 escrows opened at the start of 09 and so far none have appeared in 10 and there were 3 sales in 09 and just 1 this year. Last year the average sales price for the area was $923,333 and this year that 1 sale was for $525,000.
The PUD market for the Santa Barbara Real Estate area of Goleta South through January 16 there 2 active listings last year and 1 this year. Both years had no new listings and no escrows opened. But in 09 there was 1 sale for $1,000,000 compared to none this year.
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 Estatethrough January 16 there have been 13 active listings this year compared to 24 in 09 and the new listings went from 4 last year to 1 this year. This rest of the numbers including escrows and sales are the same for both years, 0.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch Real Estate there were no listings last year and just 1 this year. The good news is that 1 is now in escrow but has not closed yet.
The Condo market for the West of State St area of Santa Barbara Real Estate the total numbers of listings through January 16 this year is 39 compared to 60 in 09 and there have been only 3 new listings this year compared to 5 last year. But there have been 2 open escrows this year compared to 0 in 09 with 1 sale in 09 and 0 this year. That 1 sale last year was for $520,000.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through January 16 10 is 63 compared to 109 last year and new listings are down from 18 in 09 to 9 in 10. Escrows are also down by half falling from 8 last year to 4 this year and sales have dropped from 6 to 2. The average sales price however has risen from $1,012,583 to $1,264,500.
The PUD market for the Santa Barbara area of West of State St there were 0 listings last year but 2 this year but both years have seen no new listings, no escrows and no sales.
For Condos in the Santa Barbara Real Estatearea of East of State the total numbers of properties for sale this year through January 16 there have been 40 total active listings compared to 60 in 09 and there were 11 new listings last year compared to 6 this year. The escrows were also almost doubled going from 4 in 09 to 2 in 10 but the sales were reversed with 2 in 09 and 4 in 10. The average sales price however dipped way down dropping from $679,000 last year to just $300,000 this year.
The Home Estate market for the East of State St area of Santa Barbara Real Estatethe total numbers of listings through January 16 this year is 128 compared to 143 last year and there were 26 new listings in 09 compared to 20 in 10. The escrows are up this year however from 6 in 09 to 9 this year and the sales are also up from 4 last year to 6 this year. The average sales price has dropped however from $1,367,500 in 09 to $922,708 in 10.
For the PUD market on the East Side of Santa Barbara there have been 3 total listings this year and 2 last year. The new listings stand at 1 each near and so far there have been now escrows and no sales in either year.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through January 16 is exactly where it was in 09 with 17 for both years. The new listings did rise however from 2 to 3 in 10 and the escrows went from 0 in 09 to 1 in 10. But both years had 0 sales.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through January 16 the inventory went from 203 in 09 to 202 in 10 and the new listings went from 24 in 09 to 21 in 10. But the escrows tripled going from 1 in 09 to 3 in10. Unfortunately the sales didnt follow through with 5 sales opening 09 and so far none have gone through this year. Those 5 sales had an average sales price of about $2.4 million.
For the PUD market in Montecito there have been 4 active listings this year and 2 last year. But both years gave us 1 new listing. So far this year 1 escrow has been opened with non showing up in 09 but no sales were completed in either year.
For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through January 16 10 the overall inventory has dropped from 37 properties in 09 to 26 this year and the new listings went from 6 in 09 to 4 in 10. But the escrows jumped up from none early in 09 to 3 this year and the sales also went from 1 last year to 3 this year. The average sales price however dropped by 33% down from $485,000 in 09 to $324,667 in 10.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings through January 16 has the inventory down from 89 in 09 to 72 in 10 with new listings dropping only slightly from 9 to 8 this year. The numbers of escrow did go up however from 1 to 2 and the sales also rose from 1 to 3. The average sales price even went up from $500,000 in 09 to $1,066,667 this year.
For PUDs in the Carpinteria/Summerland through January 16 there was no activity.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 12/8/09 to 1/8/10 there were 17 sales compared to 12 for the previous year. The median sales price actually rose slightly this year going from $687,325 the previous year to just under $700,000 this year. The average was also higher going from $760,276 in the previous year to $832,679 this year. For those 17 sales it took on average 52 days to get an accepted offer and adding in another 42 days of escrow time gives us on average 94 days of total marketing time.
For Condominiums on the North Side Goleta Real Estate there have been 4 sales this year compared to just 1 the previous year. Those 4 had a median sales price of $426,250 and an average sales price of $444,212 while that 1 sale in the previous year sold for $128,800. Those 4 sales took an average of just 12 days to get an accepted offer but another 57 days of average escrow time for a total of 69 days of total marketing time.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from December 8 09 to January 8 10 there were 9 sales compared to 8 the previous year. The median sales price the previous year was $820,000 and this year it dropped to $640,000. The average sales price also fell from $936,250 down to $862,444. Those 9 sales took on average 90 days to get an accepted offer and on average 61 days of escrow time for a total marketing time of 151 days.
For Condominiums for Goleta Real Estate South for the same time period there was 1 sale compared to 4 for the previous year. That 1 sale was for just $200,000 and the previous year the median sales price was $332,500 and the average sales price last year was $330,000. For that 1 sale it took 52 days to get an accepted offer and another 42 days of escrow time for a total of 94 days of total marketing time.
For Hope Ranch Real Estate Home Estate/PUDs from December 8, 09 to January 8, 10 there were no sales compared to the previous year when there were 2. Those 2 sales had an average sales price of $4.54 million.
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 December 8,09 to January 8 10 there were 7 sales compared to 10 the previous year. But the median sales price went from $877,500 with a $912,950 average sales price last year to a $700,000 median and a $675,700 average sales price. Those 7 sales took on average 115 days to get an accepted offer and when you add in 75 average days of escrow time you get a total average marketing time of 190 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there 5 sales in both year but interestingly enough the median sales price went from $390,000 in the previous year to $500,000 this year and the average sales price rose even further from $450,900 last year to $639,000 this year. Those 5 sales this year took on average 124 days to get an accepted offer and on average another 31 days of escrow time for a total marketing time of 155 days.
For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for December 8 09 to January 8 10 there were 18 sales compared to 13 for the previous year. But in the previous year the median sales price was $1.25 million with a $1.37 million average and this year the median sales price was just about $850,000 and the average was approximately $990,000. For those 18 sales the average time it took to get an accepted offer was 116 days and the average escrow period was 47 days for a total of 163 total marketing days on average.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 9 sales this year and 4 sales the previous year. But the median sales price fell from $421,500 in the previous year down to $310,000 this year and the average also tumbled from $545,750 last year to $465,111 this year. For those 9 sales the average time it took to get an accepted offer was just 69 days but the average escrow time was 73 days for a total marketing time of 142 days on average.
For the East of State St for Santa Barbara Real Estate Home Estate/PUDs for December 8 09 to January 8 10 there were 18 sales compared to 13 for the previous year. But in the previous year the median sales price was $1.25 million with a $1.37 million average and this year the median sales price was just about $850,000 and the average was approximately $990,000. For those 18 sales the average time it took to get an accepted offer was 116 days and the average escrow period was 47 days for a total of 163 total marketing days on average.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 9 sales this year and 4 sales the previous year. But the median sales price fell from $421,500 in the previous year down to $310,000 this year and the average also tumbled from $545,750 last year to $465,111 this year. For those 9 sales the average time it took to get an accepted offer was just 69 days but the average escrow time was 73 days for a total marketing time of 142 days on average.
From 12/8/09 to 1/8/10 in Montecito Real Estate for the Home Estate/PUD market there were 11 sales for both years. But this year the median sales price was $1.8 million compared to the previous year when it was $3.2 million. The average sales price differential was also substantial going from $4.22 million the previous year and sliding to $2.89 million this year. Those 11 sales this year took on average 207 days to get an accepted offer but then only an average of 30 days of escrow time adding up to 237 days of total marketing time.
For Condominiums for the same time period in Montecito Real Estate this year there was just 1 sale and the previous year had none. That one sale was for $655,000. The sale took 255 days to get an accepted offer and then another 44 days of escrow time add up to a total of 299 days of total marketing time.
From December 8 09 to January 8 10 for Home Estate/PUDs in Carpinteria Real Estate/Carpinteria Real Estate there were 13 sales compared to the previous year when there were 7 sales. Even more interesting is that for that period the median sales price was $882,500 compared to the previous year when it was $550,000. The average sales price was even more substantial going from $4.3 million this year and dropping to $1.54 million the previous year. Those 13 sales took an average of 92 days to go into escrow and then another 45 days to close escrow adding up to a total of 137 days of marketing time.
For Condominiums in Carpinteria Real Estate/Carpinteria Real Estate for the same time period there 3 sales this year and 4 sales the previous year and again the median sales price was higher this year. Right now the median sales price is $480,000 and last year the median sales price was $385,750. The sales price was even a wider spread going from $555,000 this year compared to an average sales price of $385,850 the previous year. Those 3 sales took an average of 128 days to go into escrow and then just 16 days on average to close escrow for a total marketing time of 144 days.
For the Goleta Real Estate North area of Santa Barbara Real Estate the Home Estate/PUD market we finished the year with 12 more sales than occurred in 08 for about a 10% rise in productivity. The median sales price dropped about 12% however going from $800,000 in 08 down to $705,000 in 09. The numbers of pended listings was also up by almost 10% going from 155 in 08 to 169 in 09 and the median list price for those pended listings dropped from $824,900 in 08 to $729,000 in 09 for almost a 12% decline. Right now there are just fewer than 60 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $1.05 million and an average list price of about $2.17 million.
For the Condo Market in the Goleta Real Estate North area of Santa Barbara Real Estate there were 56 sales in 09 compared to 39 in 08 for a 44% rise in sales. But in order to get that 44% rise the median sales price went from $465,000 in 08 to just under $400,000 in 09 for a drop of over 15%. The pended listings went up from 37 in 08 to 62 in 09 for almost 68% but the median list price on those 62 pended listings was just under $400,000 for a drop of 16%. Right now there are just 14 condo listings in Goleta North with a median list price of $425,000 and an average list price of just under $450,000.
For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market we finished the year 4 sales above where we did in 09. This is a 5% rise year over year. But on the other side of the coin the median sales price declined about 5% for the year down to $700,000. The listings that entered escrow however are up by almost 20% with the median list price for those homes entering escrow falling by about 7% down to just below $700,000. Right now there are just 24 Home Estate/PUDs available for purchase in Goleta South with a median list price of $989,000 and an average list price of $1.6 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate there were 10% more sales in 09 compared to 08 finishing the year with 66. The median list price however fell from $551,900 in 08 down to $450,500 in 09. This is a decline of almost 20% which is a theme that has carried through most of the districts and property types. The escrows are also up from 59 in 08 to 74 in 09 with the median list price maintaining that $100,000 differential going from $565,000 in 08 to $449,000 in 09 for more than a 20% drop. Right now there are just 4 condos available for purchase in Goleta South with a median list price of $525,000 and an average list price of $532,474.
For the Home Estate/PUD market in Hope Ranch Real Estatewe ended the year with exactly where we ended 08 with 20 sales. But in 09 that same 20% decline in median sales price also plagued Hope Ranch. The median sales price went from $2.875 million in 08 down to $2.335 million in 09. The pending numbers look good however with 17 opened escrows in 08 compared to 23 in 09 and the median list price for those opened escrows eased closer together with a $3 million median list price posted in 08 compared to $2.65 million in 09. As we finish 09 there are just 13 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of just below $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.
On the West Side of Santa Barbara Real Estate for the Home Estate/PUD market sales are up by 11% over 08 finishing the year at around 150 sold units. But with the sales up the median sales price is down by about 20% finishing the year at $750,000. The pending sales are up by 15% but again the median list price for those opened escrows is down by that pesky 20% to $759,000. Most of the areas in Santa Barbara just as most of the areas in the entire country have seen a decline in price by about 20% in their median sales price. Right now there are just 55 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1.2 million.
For the condo market on the West Side of Santa Barbara Real Estatesales are up 30% finishing the year just 80 closed units and unlike other areas the median sales price has declined only slightly from $525,000 in 08 to $503,000 for 09 for just a 4.2% drop. Escrows are up even farther from the previous year finishing 09 with just under a 40% rise. The median list price on those opened escrows is also close together showing up less than 4% below the 08 number. We ended the year with just 31 condos available for purchase on the West Side of Santa Barbara with a median list price of $729,000.
Through December 09 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate for most of the year sales were ahead 08 by a substantial margin and we finished the year with over 20% more sales. But to achieve that 20%+ rise in sales to a decline of the median sales price of more than 20%. Finishing 09 the median sales price was just below $900,000 compared to 08 when it was $1.15 million. It looks like the trend will continue on into 10 because the numbers of escrows opened during 09 is up by 30% over 08. But it also looks like the median sales price will remain where it is because the median list price for opened escrows is 25% below the median list price of 08 showing up at just below $900,000. Right now there are 104 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.45 million.
For the condo market on the East Side of Santa Barbara Real Estate in 09 saw sales basically equal to the 08 numbers which is where weve been for most of the year. But while the numbers of sales was equal the median sales price declined by about 10% from the 08 level down to approximately $535,000 for the year. The pending listings however are way ahead of the number posted in 08 rising by about 30% over the previous year. Even though the escrows are way up however the median list price for those opened escrows remains about $100,000 below where it was the previous year falling to $519,000. Right now there are 36 condos available for purchase on the East Side of Santa Barbara with a median list price of just under $700,000.
For the Home Estate/PUD market in Montecito Real Estate earlier in the year sales were about 30% below the 08 mark but about the middle of the year sales came up comparatively and we finished the year with about 15% fewer sales. The median sales price for the first part of 09 was about $1.2 million below where it was for the equivalent period in 08 but as the year reached the halfway mark the numbers started getting a little closer together. As we finish 09 the median sales price is about $800,000 below where it was last year currently hovering around $2.375 million which is a decline of roughly 25% year over year. The opened escrows are a lot closer together however lagging 08 by 8% and the median list price for those homes in escrow is also closer together than the sold properties. Looking at the whole year the median list price is about $450,000 down from 08. Right now there are 160 Home Estate/PUDs available for purchase in Montecito with a median list price of just under $4 million.
Looking at the condo market for Montecito Real Estate there have been over 40% fewer sales in 09 compared to 08. We finished the year with just 10 condos closing escrow compared to 17 last year. The median sales price also dropped dramatically from about $1.38 million in 08 to $1,060,000 in 09. There are sign of life in Montecito however when you look at the pending sales. In 08 at this time there were 15 with a median list price of $1.55 million and in 09 there were 13 escrows opened but with a median list price of below $1 million. Right now there are just 14 condos available for purchase in Montecito with a median list price of just under $1.4 million.
Looking at 09 for Carpinteria Real Estate/Summerland Real Estate in the Home Estate/PUD market the sales compared to last year have remained ahead for most of the year. At the end of 09 sales are about 15% of where they were the previous year ending December 31 with 68 closed sales. But also this year the median sales price has declined by about 15%. This also has been the case for most of the year. We finished 09 with a median sales price of around $670,000. A lot of escrows remain open as we end 09 with 85 sales begun this year compared to 58 last year so the beginning of January 10 could be a productive time for the area. But the median sales price will remain in that approximately $670,000 range because the median list price for those properties in escrow is below $700,000. Right now there are about 60 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.5 million.
For the condo market for the Carpinteria Real Estate/Summerland Real Estate area sales ended the year about 28% ahead of where they were last year ending 09 with over 50 sales. The median sales price declined in the area but only by about 5% ending at approximately $430,000 down from $460,000 last year. Just like with Home Estates the pending sales are also way up ending the year at 62 which is a 40% rise from the previous year. The median list price for those condos in escrow is slightly below $400,000 but currently theres upward pressure in prices for the area because of a lack of inventory. Right now there are just 22 condos available for purchase in Carpinteria/Summerland with a median list price of just below $500,000.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of Nov. 25 to Dec. 25 09 there were 15 sales this year compared to 13 last year and the median sales price was also very close together. Last year it was $691,650 and this year it was $695,000. The average sales price was up however from just under $700,000 last year to about $765,000 this year. The pending properties went from 13 in 08 with a median list price of about $650,000 to 15 this year with a median list price of also $650,000. For 09 14 new listings came on the market with a median list price of about $670,000 while in 08 there were 16 new listings with a median list price of about $650,000. Right now there are 61 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $1.15 million.
For the condo market in Goleta Real Estate North for the same period there were 4 sales this year compared to 2 last year. The median sales price dropped however from about $590,000 last year to about $380,000 this year. In 08 there was only 1 escrow opened on a condo listed for $399,000 and this year there were 3 escrows opened with a median list price of about $460,000. For 09 3 new condo listings showed up with a median list price of about $460,000 and in 08 there were also 3 new listings but the median list price was about $430,000. Right now there are just 14 condos available for purchase in Goleta North with a median list price of $425,000.
For the greater Santa Barbara Real Estate area including Carpinteria Real Estate/Summerland Real Estate, Montecito Real Estate, Hope Ranch Real Estateand Goleta Real Estate single family residence sales trailed 08 sales for most of the year until the end of November but by the end of the year sales had moved ahead of the previous year by roughly 7% finishing the year with around 830 sales. Condo sales, on the other hand after starting the year way behind the previous years numbers surged forward and by the end of June had eclipsed the previous years sales significantly finishing the year about 16% ahead of 08.
The median sales price, which is derived by ordering sales from the highest priced property to the lowest and then going to the middle of the list however was a whole different story. Single family residences went from a median sales price of approximately $1,050,000 in 08 down to about $850,000 in 09 and when you remove Montecito and Hope Ranch from the equation the median sales price for 09 was roughly $750,000 for the year down from about $870,000 in 08. This drop in the median sales price for the whole area means that from 07 to 08 single family residence median sales prices fell 12.5% and from 08 to 09 they fell 19% which means from 07 to 09 there was a decline of about 30% in the median sales price for the area.
Condo sales prices were not affected as severely as Single Family residence prices in 09 going from about a $535,000 median in 08 down to about a $465,000 median for 09. This translated into a 13% decline for the year. In 07 the median sales price for condos was about $630,000 which means from 07 to 08 there was a decline of 15% and from 07 to 09 there was a drop of roughly 26% in the median sales price.
This decline in the median sales price for both single family residences and condos puts it right around the median sales price for 2003 which is comparable to the rest of the country having declined at the same rate and to the same point in most of the United States. In 03 the country and the world for that matter was awash in money for home loans. It was at that time that financial brokerages along with Fanny Mae and Freddie Mac began packaging loans and selling them to investors in derivatives and collateralized debt obligations. The effect of these packages along with looser underwriting standards for loans spurred a 20% rise in the median sales price from 03 to 04 and then a 25% rise from 04 to 05. From 05 to 07 the median sales price remained stable and then in 08 those derivatives and collateralized debt obligations triggered by the looser underwriting standards began to unravel causing the decline in the median sales price almost everywhere from 07 to 08 and a further decline on into 09.
For about the last six months of 09 prices began to stabilize and there has been some upward pressure on prices particularly in the condo market. There are three motivating factors in causing the upward price pressure. First, is a general decline in the number of properties available for purchase in the sub-million dollar range. Second, is the $729,000 maximum FHA loan limit which is evidenced by the $850,000 median sales price and third is the first time buyers income tax credit which has brought a lot of people into the marketplace.
If things remain as they are right now, which is a big if, it looks like sales will continue to increase and will eventually cause prices to rise. This is evidenced by the significant numbers of properties that have entered and remain in escrow at this time. But, there are a couple of elements which are lurking out there. First, there is a considerable number of what are called pre-foreclosure properties. The owners of these properties have either fallen behind in their payments or have stopped paying their mortgages altogether. Also, there are a lot of variable rate mortgages which are going to re-set in March with a number of these loans in the million dollar plus range. Whether these pre-foreclosure properties turn into foreclosures and whether its a flood or trickle will have a great significance on the marketplace.
The second element that will affect prices is interest rates. At this point interest rates remain close to an all time low which has allowed Real Estate sales to continue moving forward. With the government continuing to run up huge deficits it is only a matter of time before interest rates go up. When interest rates go up we will have a whole different landscape to deal with. Peoples ability to qualify for higher loans will be diminished if rates increase which should cause prices to decline further and could mean a decline in the numbers of sales.
Two of the most important numbers that determine where the market is going is the numbers of sales compared to the numbers of properties that went into escrow. When the numbers of properties going into escrow is higher than the numbers of sales then the market is picking up and conversely if the there are fewer homes going into escrow than are sold then the market is slowing.
For 09 the numbers of single family home escrows opened was about 120 above the numbers of sales and for condos the opened escrows was almost 100 over the numbers of sales. Both of these numbers are significantly ahead of the numbers posted in 08 which means there is a lot more activity in the marketplace in 09 compared to the previous year meaning that there is still a great deal of vitality in the market.
A lot of this increase in activity we experienced is the increase in the number of what are called short sales. This is a situation in which the seller owes more on the property than the property is worth. A short sale generally takes longer because the lending institution or investor can take a great deal of time in deciding whether to accept the reduced price as full compensation for the debt. This is one of the big reasons that there were so many properties that remained in escrow at the end of the year.
Going into 2010 theres still a lot of strength in the Real Estate market. Sales continue to grow and there are a substantial number of properties that entered escrow in 09 that will sooner or later become completed sales. The number of homes available for sale has continued to decline but a lot of that is seasonal with a lot of people taking their properties off the market during the holidays. The numbers of homes for sale will grow as we move into the year and listings begin to pick up at the end of February. But, there are still a lot of short sales and bank owned properties on the market. Somewhere between 15% and 20% of the available single family residences and condos are either short sales or foreclosures, what are called REOs (Real Estate Owned) that make up the available properties for sale in the area. Until these properties are gone prices will remain roughly where they are right now with some upward pressure particularly with condos.
Gary Woods
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from Nov. 25 to Dec. 25 09 there were 12 sales compared to 6 last year but the median sales price dropped from $716,500 last year to $664,500 this year. The average sales price didnt fall as far however dropping from just under $900,000 last year to just over $830,000 this year. For the same time period there were 7 escrows opened in 09 compared to 8 in 08 but the median list price went from $769,000 last year to just under $600,000 this year. For 09 6 new listings came on the market with a median list price of about $650,000 and in 08 5 new listings showed up with a median list price of about $840,000. Right now there are just 27 Home Estate/PUDs available for purchase in Goleta South with a median list price of about $990,000.
For the condo market in Goleta Real Estate South for the same period there were 3 sales compared to 3 last year. But the median sales price went up from $290,000 in 08 to $425,000. The average sales price also went up from about $315,000 in 08 to about $390,000 in 09. During that same time period 4 condos went into escrow with a median list price of about $369,000 and last year 4 escrows opened with a median list price of $399,000. There were only 2 new listings this year with a median list price of $295,000 and last year there were 5 new listings with a median list price of $419,000. Right now there are just 4 condos available in Goleta South with a median list price of $525,000.
For the Santa Barbara Real Estate area of Hope Ranch Real EstateReal for the period of Nov. 25 to Dec. 25 09 there were 2 sales and last year there were 2. The median sales price was about $1.9 million this year compared to last year when that home sold for $4.5 million. During the same time period there was 1 escrow opened this year with a list price of $1.7 million and last year there were no escrows opened. For the same time period there was 1 new listing that showed up on the market with a list price of about $3.9 million and last year there were 4 new listings with a median list price of about $4.9 million. Right now there are just 13 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of about $3.95 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 Nov. 25 to Dec. 25 there were 10 sales this year and 8 sales last year. The median sales price in 09 was $739,950 and the average sales price was $757,980. Last year the median sales price was $850,000 and the average was just over $840,000. For the same time period there were 9 escrows opened this year with a median list price of $725,000 and last year there were 6 escrows opened with a median list price of just under $1 million. For 09 there were 13 new listings with a median list price of $745,000 and last year there were 17 new listings with a median list price of $750,000. Right now there are 59 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $1.175 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 10 sales this year and 7 sales last year. But the median sales price this year was $520,000 this year and last year it was $415,000. The average sales price however was about $950,000 this year and last year it was about $415,000. There were 3 escrows opened this year with a median list price of about $545,000 and last year there were 4 escrows opened with a median list price of about $470,000. During that same time period 4 new condo listings showed up this year with a median list price of about $699,000 and last year there were 3 new listings with a median list price of about $450,000. Right now there are 31 condos available for purchase with a median list price of about $729,000.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 19 sales from Oct. 27 to Nov. 27 09 with a median sales price of $725,000 and an average sales price of about $950,000. Last year there were 18 sales but the median sales price was about $1.24 million and the average sales price was about $1.5 million. During that time period 26 escrows opened this year with a median list price of about $900,000 and last year 14 escrows opened with a median list price of $1.32 million. For the same time period 30 new listings came on the market in 09 with a median list price of about $1.1 million and in 08 there were 24 new listings with a median list price of about $1.1 million Right now there are 112 Home Estate/PUD listings on the East Side of Santa Barbara with a median list price of about $1.4 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year 1 sale for $984,000 occurred and in 08 there were 8 sales with a median sales price of $605,000 and an average sales price of $678,312. During that same time period 6 condos went into escrow this year with a median list price of $405,900 and last year 5 condos went into escrow with a median list price of about $460,000. Also during that same time period 4 new condo listings showed up in 09 with a median list price of $429,000 and last year 4 new listings showed up with a median list price of $539,000. Right now there are 47 condos for sale on the East Side of Santa Barbara with a median list price of just under $700,000.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 12 sales for the period of Nov. 25 to Dec. 25 with a median sales price of just under $2 million and an average sales price of about $2.9 million. Last year there were 7 sales with a median sales price of $3.9 million and an average sales price of about $4.7 million. During that same period 8 homes went into escrow this year with a median list price of about $2.2 million compared to last year with there were 11 escrows opened with a median list price of about $3.4 million. In 09 13 new listings showed up with a median list price of just under $3 million and last year there were 18 new listings with a median list price of about $3.5 million.
For the Condo market in Montecito Real Estate for the same period there were no sales this year and no sales last year. There was 1 escrow opened this year on a property listed at $3.325 million but no escrows opened last year. For 09 4 new condo listings came on the market with a median list price of $768,000 compared to last year when 2 new listings came on the market with a median list price of $1.75 million. Right now there are 15 condos available for purchase in Montecito with a median list price of about $1.4 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 Nov. 25 to Dec. 25 09 there were 4 sales compared to 8 for the same period in 08. The median sales price was much closer however with $624,000 posted last year and $600,000 this year. But the this year there were 9 properties that went into escrow with a median list price of $930,000 compared to last year when there were only 4 that went into escrow with a median list price of $559,000. For 09 9 new listings came on the market with a median list price of about $1.5 million and in 08 there were 12 new listings with a median list price o f just under $900,000. Right now there are 67 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.5 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 4 sales this year and 5 sales last year. The median sales price went up however from $382,500 last year to $485,000 this year. The pending properties were one ahead of last years numbers with 4 this year with a median list price of $239,900 compared to 3 last year with a median list price of $390,000. For 09 no new condo listings showed up for the period compared to last year when 5 new listings came on the market with a median list price of $409,000. Right now there are 23 condos on the market in Carpinteria/Summerland with a median list price of just under $500,000.
For Goleta North area of Goleta Real Estate Real Estate for the Home Estate/PUD market through December 18 there are 64 properties available with an average list price of about $2.165 million. The most expensive property available in the area is listed for $22 million while at the other end of the spectrum theres a home on the market for $180,000. The median list price for Goleta is just under $1 million.
With 64 possible properties there are 24 that are in escrow right now with an average list price for those homes of about $855,000. The highest priced listing in escrow is on the market for $1.85 million while the least expensive property is listed at about $410,000. The median list price for homes in the area is just under $700,000.
Through December 18 there have been 156 Home Estate/PUD sales on the North Side of Goleta with an average sales price of about $820,000. The most expensive closed escrow was for $3.3 million while the least expensive property sold for just $125,000. The median sales price is just over $700,000.
For the condo market in Goleta Real Estate North through December 18 there are just 13 properties available with an average list price of about $470,000. The highest priced condo is on the market for $1,059,000 and the least expensive home can be had for just under $300,000. The median however is right at $439,000.
Right now there are 9 condos in escrow with an average list price of about $420,000. The highest priced condo in escrow right now is listed at $549,000 while the least expensive condo is on the market for $228,100. The median list price for condos in escrow right now is $435,000.
Through December 18 there have been 54 condo sales with an average sales price of just under $395,000. The most expensive condo that sold through the middle of December 09 went out at just under $1 million while the least expensive condo sold for $118,300. The median condo sales price so far through 09 in Goleta North is $390,000.
In the Goleta Real Estate South area through December 18 there are only 31 Home Estate/PUDs available for purchase with an average list price of about $1.2 million. The most expensive listed property can be purchased for $2.525 million while the least expensive property is listed for just $417,900. The median list price for the area is about $990,000.
With 31properties available there are 17 homes in escrow with an average list price of about $710,000. The most expensive property in escrow is listed for $1.85 million while the least expensive property is on the market for just $349,000. The median list price for Goleta South properties in escrow is just under $600,000
Through December 18 there have been 83 sales with an average sales price of about $860,000. The highest priced sale was for $2.1 million with the least expensive sale going out for $270,000. The median sales price for Goleta South through the middle of December is $700,000
For condos on the South Side of Goleta Real Estate through December 18 there are only 4 available properties with an average list price of about $532,474. The highest priced listing is on the market for just under $680,000 with the least expensive listing available for just under $300,000. The median list price for the area is $525,000.
With 4 available properties there are 11 in escrow with an average list price for those 11 of $338,895. The highest priced listing in escrow is on the market for just under $500,000 while the least expensive condo in escrow is listed for $190,000. The median list price for condos in escrow in Goleta South is $351,000.
There have been 66 condo sales in Goleta South through December 18 with an average sales price of $436,188. The most expensive condo that sold this year went out for $939,500 with the least expensive property leaving the gate for $129,000. The median sales price through the middle of December 09 is $450,000.
For Hope Ranch Real Estate for Home Estate/PUDs through December 18 the inventory stands at 13 homes with an average list price of just under $5 million. The highest priced listed property in Hope Ranch is on the market for $9.95 million while the least expensive property is on the market for about $1.8 million. The median list price for a property in the Ranch is just under $4 million.
Right now there are 3 properties in escrow for the area with an average list price of about $3.25 million. The highest priced property currently in escrow is listed for $4.1 million with the least expensive open escrow showing up at just under $1.7 million. All this gives us a median list price for homes in escrow for about $3.95 million.
Through December 18 there have been 20 sales in Hope Ranch with an average sales price of $3,276,575. The highest priced property sold for $12.8 million while at the other end of the scale was a home that sold for $1,540,000. With that huge disparity the median sales price through the middle of December is $2.32 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 Estatethrough December 18 there are 59 Home Estate/PUDs available for purchase with an average list price of about $1.5 million. The most expensive available property is listed at about $6.9 million while the least expensive home is on the market for $507,000. That gives us a median list price for the area of about $1.2 million.
There are 25 properties currently in escrow with an average list price of about $815,000. The highest priced listing in escrow is on the market for just under $2 million while at the other end of the spectrum is a home listed at $400,000. The median list price for properties in escrow is $725,000.
Through December 18 there have been 147 sales on the West Side with an average sales price of about $830,000. The highest priced sale for the year went out at $2.125 million while the least expensive home was purchased for $230,000. The median sales price for the West Side for 09 currently stands at $750,000.
For the Condo market on the West Side of Santa Barbara Real Estatethrough December 18 the inventory stands at 32 with an average list price of about $950,000. The most expensive available condo is listed at $2.75 million while the least expensive condo can be had for just under $400,000. The median list price for the area is just under $700,000.
There are 12 condos in escrow on December 18 with an average list price of just under $540,000. The highest priced condo in escrow was listed at $1.225 million while the least expensive condo is listed at $320,000. The median list price for the area is about $490,000.
Through December 18 there have been 77 condo sales on the West Side of Santa Barbara with an average list price of $632,166. The most expensive condo sold for $4.175 million while the least expensive condo went out at $275,000. The median sales price through December 09 is $503,000.
For the East of State St area of Santa Barbara Real Estatethrough December 18 there are 115 Home Estate/PUDs available for purchase with an average list price of about $1.8 million. The most expensive property can be purchased for $12.75 million while the least expensive home is available for just $395,000. The median list price for the area is $1.4 million.
With all those listings there are 29 homes in escrow with an average list price of about $885,000 with the most expensive home in escrow listed at $2.75 million. On the other side of the coin theres a home in escrow thats listed at $365,000 but the median list price of homes in escrow is $809,000.
Through December 18 there have been 203 sales with an average sales price of $1,036,643. The most expensive sale was for $3,295,000 while the least expensive sale was just $285,000. The median sales price for the area for 09 is $900,000.
The condo market for the East Side of Santa Barbara Real Estatethrough December 18 shows us 38 available properties with an average list price of $875,622. The most expensive condo is priced at $2.8 million while the least expensive condo is on the market for just $430,000. All this gives us a median list price of just under $700,000.
There are 17 condos in escrow right now with an average list price of about $470,000. The highest listed property in escrow is on the market for just under $1.1 million while the least expensive condo is listed at under $300,000. The median list price for condos in escrow is $405,900.
This year through the middle of December there have been 51 condo sales with an average sales price of about $640,000. The most expensive condo sold for $1.875 million while the least expensive condo closed for just under $300,000. The median sales price for condos in 09 on Santa Barbaras East Side is $529,900.
For Santa Barbara Real Estate in the Montecito Real Estate area through December 18 there are 164 Home Estate/PUDs on the market with an average list price of about $6 million. The most expensive Estate currently on the market is listed for $29 million while at the other end of the spectrum you can live in Montecito for just $812,900. The median list price is $3.795 million.
With all those listings we only have 13 homes that are in escrow right now with an average list price of about $3.9 million. Topping the charts is an Estate on the market for $18.5 million and at the other end is a home listed for just under $900,000. The median list price of homes in escrow in Montecito is just under $2 million.
Through December 18 there have been 125 Home Estate/PUD sales with an average price of $3,369,496. The highest priced sale in 09 was for about $25 million while the least expensive property went out at $750,000. The median sales price for the area this year is $2.45 million.
For the Condo market in Montecito Real Estate there are currently 16 properties available with an average list price of about $1.6 million. The most expensive condo on the market is listed about $4.5 million while the least expensive property is available at just under $600,000. The median list price for Montecito is $1.4 million.
Right now there are 2 condos in escrow in Montecito with an average list price of just under $2 million. The highest priced property is on the market for $3.325 million while the lowest priced condo is listed at $655,000. You mush all that together and it gives you a median list price of $655,000.
There have been 10 condos sales so far this year with an average sales price of $1,151,400. The most expensive condo sold for $1.875 million while the least expensive condo went out at $625,000. The median sales price for a condo in Montecito in 09 is $945,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through December 18 there are currently 69 properties available with an average price of about $4.4 million. Topping the list is an estate thats asking about $30 million and at that other end of the spectrum is a property on the market for just $373,500. The median for the area stands at just under $1.5 million.
In escrow currently there are 25 homes with an average list price of about $1,050,000. The most expensive home in escrow is listed at $5,850,000 and the least expensive property is listed at just under $400,000. The median list price for those properties in escrow is $739,000.
Looking at Sold properties through December 18 61 Home Estate/PUDs have closed escrow for an average sales price of $1,159,914. The most expensive property for 2009 sold for $6.35 million while the most inexpensive property sold for $310,000. The median sales price for the area remains at $670,000.
For the condo market in Carpinteria Real Estate/Summerland Real Estate 25 properties are available with an average list price of about $600,000. The most expensive condo currently on the market is listed at $1.875 million while the least expensive condo can be had for just $239,900. The median list price for the area is $487,000.
In escrow right now are 16 properties with an average list price of $352,393. The highest priced condo in escrow is listed for just under $800,000 while the least expensive property is listed at $219,500. The median list price for the area is $319,000.
Through December 18 there have been 49 condo sales with an average sales price of just under $500,000. The most expensive sale closed at $4 million while the least expensive condo went out at just $210,000. The median sales price for the area remains at $420,000.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through October 9th shows us 121 sales compared to 118 in 08 for a 2.5% rise. But the median sales price fell from $850,000 in 08 down to $700,000 in 09 for a 18% drop.
The gap between the median list price of $1.275 million and the median sold price of $700,000 is a whopping 45%. Compared to last year when there was a $990,000 median list price and a $850,000 median sold price for a 14% gap.
For the condo market in Goleta Real Estate North through October 9th there have been 39 sales compared to last year when there were 29. This is a rise of about 35%. But the median sales price fell from $465,000 last year to $389,000 this year for a 16% drop.
The gap between the median list price of $439,000 and the median sold price of $389,000 gives us a 11.4% bulge. This compares to last year when the median list price was $500,000 and the median sold price was $465,000 for a 7% difference.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through October 9th there have been 64 sales compared to 67 last year for a 4.5% drop. The median sales price fell from $745,000 in 08 down to $700,000 this year for a 6.1% decline.
The gap between the median list price of just below $1 million and the median sold price of $700,000 is 30% compared to last year when it was 17% with a $900,000 median list price and a $745,000 median sold price.
For the condo market in Goleta Real Estate South through October 9th shows us 55 sales compared to 52 last year for a 6% rise. The median sales price fell from $575,000 to $455,000 for a 20% drop.
The gap between the median list price of $460,000 and the median sold price of $455,000 in 09 is just 0.9% this compared to 08 when there was a $555,000 median list price and $574,950 median sold price for a 3.4% bulge.
For Santa Barbara Real Estate Hope Hope Ranch Real Estate for the Home Estate/PUD market through October 9th there have been 13 sales compared to 17 last year for a decline of 23.5%. The
Median sales price has fallen about $500,000 from $2.85 million to $2.35 million for a 18% drop.
The gap this year of the median list price of about $3 million and a median sold price of $2.35 million yields a 22% difference. This compares to last year when there was a 5% gap with a $3 million median list price and a $2.85 million median sold price.
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 the Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through October 9th there have been 115 sales which is exactly the same number there were last year. The median sales price has dropped from $935,000 in 08 to the current number of $735,000 for a 21% decline.
The gap between the median list price of $1.15 million and the median sold price is $735,000 for a 36% bulge. This compares to last year when the median list price was $1.039 million and a $935,000 median sold price gives us a 10% gap.
For the Santa Barbara Real Estate West Side condo market there have been 53 sales in 09 compared to 47 last year for a 13% rise. The median sales price has dropped from $575,000 last year to $515,000 this year for a 10% drop.
The gape of the median list price of $649,000 compared to the median sold price of $515,000 gives us a 20% differential. This compares to last year when there was a 25% gape with a $769,000 median list price and a $575,000 median sales price.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through October 9th there have been 148 sales compared to 135 last year. This is an increase of about 10%. But the median sales price has fallen from $1.15 million in 08 to $893,000 in 09 for a 22.3% decline.
The gap between the median list price of $1.349 million and the median sales price of about $900,000 is 34% compared to last year the gape was 22.7% with a $1.5 million median list price and a $1.5 million median sold price.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through October 9th there have been 46 sales this year compared to 41 last year for a 12% rise. But the median sales price went from $629,000 last year to $525,450 this year for a 17% drop.
The gap for 09 of the median list price of $709,000 and the median sales price of $525,450 is 26% which compares to last year when the gap was just 10% with a median list price of $700,000 and a median sold price of $629,000.
For Santa Barbara Real Montecito Real Estate area for the Home Estate/PUD market the sales figures through October 9th are down about 20% from 125 in 08 to 100 currently. The median sales price has fallen 25% from $3.34 million to $2.5 million.
The gap between the median list price of $3.7 million and the median sales price of $2.5 million is 32% for 09 and 08 it was just 10% with a $3.7 million median list price compared to a $3.334 million median sold price.
For the condo market in Montecito Real Estate through October 9th there have been 4 sales compared to 15 last year. This is a 74% drop in sales while the median sales price has fallen about 50% from $1.38 million in 08 to about $700,000 this year.
The gap between the median list price of $1.65 million and the median sales price of $700,000 is 58% for 09 while in 08 it was 19% with a median list price of $1.7 million and a median sold price of $1.38 million.
For Santa Barbara Reals Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through October 9th there have been about 16% more sales this year compared to last but the median sales price has dropped about 19% to approximately $690,000.
The difference between the median list price of $1.35 million and the median sold price of about $690,000 is about 50% for 09 compared to last year when the gap was 34% with a median list price of $1.279 million and a median sold price of about $850,000.
For the Carpinteria Real Estate/Summerland Real Estate condo market the numbers of sales is up 30% with a total of 39 but the median sales price has dropped about $460,000 in 08 to $415,000 this year for a about a10% decline.
The median sales price this year is about $500,000 but the median sold price of $415,000 gives us a 17% drop. This compares to last year when there was a $640,000 median list price and a $460,000 median sold price for a 28% gap.
For the Goleta Real Estate North area of Santa Barbara Real Estate the Home Estate/PUD market there have been 143 sales through the end of November 09 with a median sales price of $704,000. This compares to last year when there were 140 sales with a median sales price of $832,500. The average sales price was a lot farther apart however. In 08 that average sales price was $966,112 and in 09 it was $808,467. Through the first 11 months of 09 there have been 152 escrows opened with a median list price of $729,000 and in 08 there were 142 escrows opened with a median list price of $825,000. Through November of this year there have been 233 new listings for Goleta North with a median list price of $789,000 and in the previous year there were 251 new listings with a median list price of $880,000. Right now there are just 63 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of about $1.1 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate weve had 52 sales so far in 09 with a median sales price of about $395,000. Last year there were 38 sales but the median sales price was $467,500. The average sales also dropped from about $510,000 in 08 to about $400,000 in 09. Through November 09 there have been 61 escrows opened with a median list price of just under $400,000 and last year there were 36 escrows opened with a median list price of $475,000. For the first 11 months of this year there have been 82 new listings with a median list price of about $410,000 come on the market and last year there were 73 new listings with a median list price of just under $500,000. Right now there are just 14 condos available for purchase on the North Side of Goleta with a median list price of $439,000.
For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market there have been 79 sales through the end of November 09 compared 74 sales for the same period in 08. This year the median sales price has been $700,000 and last year it was $731,000. The average sales price for 09 has been about $885,000 and in 08 it was about $865,000. For the same time period there have been 92 escrows opened with a median list price of $719,000 and last year there were 73 escrows opened with a median list price of $745,000. Through November this year there have been 132 new listings with a median list price of just under $800,000 and last year there were 149 new listings with a median list price of just under $800,000. Right now there are just 27 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of $989,000.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate weve had 63 sales in 09 compared to 57 in 08. The median sales price slid however from $565,000 in 08 to $451,000 in 09. The average sales price also dropped from about $535,000 in 08 to about $440,000 in 09. Through November 09 there have been 71 escrows opened with a median list price of about $450,000 and in 08 there were 56 escrows opened with a median list price of $565,000. So far this year there have been 77 new condo listings for Goleta South with a median list price of $455,000 and last year there were 88 new listings with a median list price of $529,000. Right now there are just 6 condo listings in all of Goleta South with a median list price of just under $500,000.