For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first month of 12 in the Single Family Home market there has been 2 sales with a median and average sales price of $1.532 million and last year there was 1 sale with a sales price of $1,600,000. This year 3 escrows have opened with a median list price of about $2.9 million compared to last year with there were 3 escrows opened with a median list price of $1.9 million. Right now there are 15 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.595 million and an average list price of $6.136 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first month of 08 in the Condo market there was no activity.
For the Santa Barbara Real Estate area of West of State St for the first month of 12 in the Single Family Home market 7 properties closed escrow up from 15 in 11. The median sales price also went down from $630,000 in 11 to $508,000 in 12. The average sales price went down as well from $772,613 to $656,371. The numbers of escrows were the same in both years with 15 with a median list price of $699,950 in 11 and a median list price of $750,000 in 12. Right now there are 66 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $824,000 and an average list price of about $1.085 million.
For the Santa Barbara Real Estate area of West of State St for the first month of 12 in the Condo market 3 closed escrow with a median sales price of $515,000 and an average sales price of $509,666. Last year there were 2 closed escrows with a median & average sales price of $315,000. This year there are 8 open escrows with a median list price of about $450,000 compared to last year when there were 2 open escrows with a median list price just under $847,500. Right now there are just 26 Condos available for purchase on the West Side of Santa Barbara with a median list price of $462,500 and a median list price of $587,057.
For the Santa Barbara Real Estate area of East of State St for the first month of 12 in the Single Family Home market 24 homes closed escrow compared to 5 in 11. The median sales price went down however from $1.4 million in 11 to $891,000 in 12. The average sales price also went down from $1.312 million last year to $1.019 million this year. There were 29 escrows opened this year with a median list price of $899,000 and last year there were 13 escrows opened with a median list price of $1,095,000. Right now there are 93 condos available for purchase on the East Side of Santa Barbara with a median list price of $1.195 million and an average list price of $1,674,396.
For the Santa Barbara Real Estate area of East of State St for the first month of 12 in the Condo market 1 sale has occurred with a sold price of $630,000. Last year there were 3 sales with a median sold price of $450,000 and an average sold price of $603,166. In 11 there were 2 escrows opened with a median list price of $709,450 in 12 there have been 8 escrows opened with a median list price of $417,000. Right now there are 39 condos available for purchase on the East Side of Santa Barbara with a median list price of $699,000 and an average list price of $780,125.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 12 in the Single Family Home market 12 homes closed escrow compared to 4 in 11 but the median sales price dropped significantly from $3.15 million last year to $1.82 million this year. The average sales price also took a big hit dropping from $3.167 million last year to $2.787 million this year. This year there were 15 escrows opened with a median list price of $2.195 million and in 11 there were 5 escrows opened with a $3.595 million median. Right now there are 161 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.45 million and an average list price of $5,512,083.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first month of 12 in the Condo market there was 2 sales with a median an average sales price of $1,034,950 and last year there was 1 sale for $890,000. This year there were 2 opened escrows with a median list price of $1,394,740 and last year there were 1 escrow opened with a list price of $998,000. Right now there are 18 condos available for purchase in Montecito with a median list price of about $949,500 and an average list price of $1.213 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 12 for the Home Estate/PUD market there were 6 sale compared to 1 in 2011. The sales price in 11 was $591,000 and the 6 sales in 12 had a median sales price of $650,000. Again the 1 sale in 11 was for $591,000 and the 6 sales in 2012 had an average sales price of $778,500. There were 8 homes that went into escrow this year with a median list price of $749,500 and last year there were 2 opened escrows with a median list price of $632,450. Right now there are 41 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $2.129 million and an average list price of $4.625 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first month of 12 in the Condo market there were 2 sales compared to 5 in 11 but the median sales price fell from $350,000 last year to $325,250 this year. The average sales price rose however from $317,980 in 11 to $325,250 in 12. There were 2 escrows opened in both years but the median list price on those escrows rose this year from $294,933 in 11 to $354,500 in 12. Right now there are 14 condos available for purchase in Carpinteria/Summerland with a median list price of $377,000 and an average list price of $489,750.
The Condo market for the Goleta Real Estate North area of Santa Barbara the numbers of properties available through January 21 there have been 17 listings compared to 13 last year for a 30% rise. The numbers of escrows is equal with 2 in both years and the sales are down from 4 to 0. The average sales price for 2011 was $437,750.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North through January 21 there have been 70 listings compared to 94 last year for a 25% drop. The numbers of escrows are up from 9 to 14 for a 55% rise with the numbers of sales up from 7 to 9 for a 28% rise. The average sales price is down from $841,257 to $649,333 for a 22% decline.
The PUD market for the Santa Barbara Real Estate area of Goleta North through January 21 there have been 11 listings this year compared to 6 last year but there was 1 escrow in both years. The sales are up with 2 this year from 1 last year but this year the average sales price is down $675,000 last year compared to $466,500 this year.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through January 21 there have been 17 listings compared to 23 last year for a 26% decline. The escrows are even are 4 for both years and the sales are down from 3 to 1 for a 66% decline. Also the average sales price is down from $375,000 to $217,500 for a 42% decline.
For Home Estates in the Santa been Barbara Real Estate area of Goleta Real Estate South through January 21 there have 36 listings down from 45 for a 20% decline. The numbers of escrows are up from 3 to 11 for a 266% rise while the sales are equal for both years with 3. The average sales price is down however from $663,333 to $483,958 for a 27% fall.
Through January 21 for the PUD market there were 0 listings last year compared to 3 this year and there were no escrows or sales in either 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 Estate through January 21 there have been 20 listings compared to 28 last year for a 28% decline. The escrows are down from 2 to 1 for a 50% decline and there were no sales in either year.
The PUD market for the Hope Ranch area of Santa Barbara real estate saw no activity.
The Condo market for the West of State St area Santa Barbara Real Estate the total numbers of listings through January 21 is 42 down from 35 last year down for a 16% decline. The numbers of escrows are up from 1 to 5 for a 400% rise and the sales are up from 1 to 2 for a 100% rise. The average sales price is also up from $315,000 to $577,000 for a 266% rise.
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 21 there have been 89 listings compared to 91 last year for a 2% fall. The numbers of escrows are up however going from 8 to 12 for a 50% rise but the numbers of sales has gone down from 12 to 6 for a 50% drop. The average sales price is also down from $872,867 last year to $625,267 for a 28% decline.
The PUD market for the Santa Barbara area of West of State St there has been 1 listing this year compared to 3 last year and both years saw no escrows or sales.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through January 21 is 45 up from 41 last year for a 9% rise. The numbers of escrows are up from 2 to 4 but the numbers of sales are down from 3 to 1 for a 66% drop. The average sales price on those 3 sales last year was $603,167 while the 1 sale this year had a sales price of $630,000 for 4% rise.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through January 21 there have been 130 down from 133 for a 2% decline. The escrows are up however with 14 last year to 22 this year for a 57% rise and the sales are up from 7 to 15 for a 114% rise. The average sales price has gone down however from $1,230,000 to $1,110,863 for a 9% drop.
For the PUD market on the East Side of Santa Barbara there have been 3 listings this year compared to 9 last year and there were no escrows or 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 21 is 23 compared to 25 last year for an 8% decline but the escrows are up with 1 last year compared to 2 this year. There were 1 sale last year compared to 1 this year and the average sales price has gone up from $890,000 to $1.2 million for a 34% rise.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through January 21 there have been 191 listings compared to 198 last year for a 3% decline. But the escrows are up from 6 to 9 for a 50% rise and the sales are also up from 4 to 10 for a 150% raise. The average sales price is down however from $3.167 million to $2.65 million for a 16% fall.
For the PUD market in Montecito there have been 2 listings this year compared to 2 last year and there were no escrows or sales for either year.
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through January 21 there have been 16 listings this year compared to 37 for a 56% decline and escrows are equal with 1 in both years. Sales are also down from 3 to 1 for a 66% decline but the average sales price is up from $336,667 to $353,000 for a 4% rise.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through January 21 have been 53 compared to last year when there were 64 for a 17% decline. The numbers of escrows are up from 1 last year to 2 for a 100% rise this year and the numbers of sales are up from 1 to 3. The average sales price is down however from about $590,000 last year to $435,333 this year for a 26% decline.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through January 21 there have been 0 listings this year compared to 3 last year and there were no escrows or sales in both years.
For Goleta Real Estate North area for the Home Estate/PUD market through January 14 there are currently 63 properties available for purchase with an average list price of about $1.206 million. The highest price property is listed at $9.9 million while the least expensive home can be had for $85,000 giving us a median list price for the area of $895,000.
There are 2 homes in escrow in the area with an average list price of about $749,000. The most expensive home in escrow is listed at $799,000 while the least expensive property in escrow is on the market for about $699,000 giving us a median list price of homes in escrow in Goleta South of $699,000.
Through January 14 there have been 6 sales with an average sales price of about $653,333. The highest priced listing sold for $850,000 while at the other end of the scale is a property selling for $520,000 giving us a median sales price through January 14 of $610,000.
For the condo market in Goleta Real Estate North through January 14 there are just 9 properties available for purchase with an average list price of about $330,211. The highest priced listing is on the market for $495,000 while at the other end of the scale is one listed for about $180,000 giving us a median list price of available properties of $349,000.
Right now there is 1 property in escrow listed for $299,999.
Through January 14 there have been no sales.
For Goleta Real Estate South area for the Home Estate/PUD market through January 14 there are currently 23 properties available for purchase with an average list price of about $1,529,021. The highest price property is listed at $9.995 million while the least expensive home can be had for $399,000 giving us a median list price for the area of $689,000.
There are 5 homes in escrow in the area with an average list price of about $524,980. The most expensive home in escrow is listed at $717,000 while the least expensive property in escrow is on the market for $274,900 giving us a median list price of homes in escrow in Goleta South of $549,000.
Through January 14 there has been 1 sale for $391,875.
For the condo market in Goleta Real Estate South through January 14 there are 12 properties available for purchase with an average list price of about $325,059. The highest priced listing is on the market for $625,000 while at the other end of the scale is one listed for about $199,000 giving us a median list price of available properties of $319,900.
Right now there is 1 property in escrow with a list price of $355,000
Through January 14 there have been 0 condo sales.
For Hope Ranch Real Estate for Home Estate/PUDs through January 14 there are 17 properties available in the area with an average list price of about $5.846 million. The most expensive listing is on the market for $24.5 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 $3.499 million.
Right now there is 1 property in escrow with a list price of $997,500
Through January 14 there have been no homes sold.
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 14 there are currently 60 Home Estate/PUDs available for purchase with an average list price of $1.099 million The most expensive property on the market can be had for about $4.495 million while at the other end of the scale is one listed for $334,900 giving us a median list price for the area of $859,000.
There are 7 properties currently in escrow with an average list price of $957,000. The most expensive property in escrow right now is listed for $1.825 million while at the other end of the scale is one listed at just $400,000 giving us a median list price of homes in escrow of $760,000.
So far in 12 there have been 4 home sales in the area with an average sales price of $727,400. The highest priced sale was for about $1.125 million while at the other end of the scale is one that sold for $382,000 giving us a median sales price for the year of $500,000.
For the Condo market on the West Side of Santa Barbara Real Estate through January 14 there are 31 properties available for purchase with an average list price of about $566,567. The highest priced listing in the area is on the market for $2.25 million while the least expensive condo can be had for $259,600 giving us a median list price for the area of $465,000.
There is 1 condo currently in escrow with a $575,000 list price
Through January 14 there has been 1 sale for $639,000.
For the East of State St area of Santa Barbara Real Estate through January 14 there are currently 89 Home Estate/PUDs available for purchase in the area with an average list price of $1.754 million. The highest priced listing is on the market for $13.95 million while the least expensive property is listed for $310,000 giving us a median list price of about $1,295,000.
There are currently 9 homes in escrow in the area with an average list price of about $800,655. The highest priced listing in escrow is on the market for $1.495 million while the least expensive property is listed at just $299,000 giving us a median list price for homes in escrow of $775,000.
Through January 14 there have been 6 sales in the area with an average sales price of $1,168,500. The highest priced sale went out for $2.374 million while the least expensive property sold for just $652,000 giving us a median sales price of $810,000.
The condo market for the East Side of Santa Barbara Real Estate through January 14 there are 34 properties available for purchase with an average list price of $705,525. The most expensive condo listed in the area is on the market for $2.95 million while the least expensive condo is listed for $234,300 giving us a median list price for the area of $569,000.
There is 1 condo in escrow right now listed for $509,990
This year through January 14 there have been no condo sales.
For Santa Barbara Real Estate in the Montecito Real Estate area through January 14 there are currently 154 Home Estate/PUDs for sale with an average list price of about $5.746 million. The most expensive listing is on the market for $29.5 million while at the other end of the scale you can get a home in Montecito for just $599,000 giving us a median list price for the area of $3.495 million.
With all those listings we have 5 homes in escrow right now with an average list price of $2.853 million. The highest priced property in escrow is listed for $4.15 million while the other end shows us a property in escrow listed for just $1,275,000 giving us a median list price for homes in escrow of about $2.695 million.
Through January 14 there have been 4 sales with an average sales price of about $1.685 million. The highest priced sale through that time sold for $2.895 million while the least expensive home sold for just $955,000 giving us a median sales price for the area of about $1.175 million.
For the Condo market in Montecito Real Estate there are currently 16 available with an average list price of about $1.195 million. The most expensive condo in Montecito right now can be had for $2.895 million while the least expensive condo is listed for $529,000 giving us a median list price of about $900,000.
Right now there is 1 property in escrow with a list price of $1,490,000
There have been no sales through January 14.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through January 14 there are 43 properties available for sale in the area with an average list price of $3.962 million. The highest priced listing is on the market for $25.5 million the least expensive property can be had for $355,900 giving us a median list price of about $1.195 million.
In escrow currently there is just one property listed for $1,100,000
Looking at Sold properties through January 14 there has been 1 sale for $515,000.
For the condo market in Carpinteria Real Estate/Summerland Real Estate there are currently 13 properties available with an average list price of $462,038. The highest priced listing is on the market for $999,500 while the lowest priced property is listed at $339,000 giving us a median list price of $379,000.
In escrow right now there is 1 property listed for $299,000
Through January 14 there have been no sales.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of December 4 to January 4 there were 12 sales this year with a median sales price of $747,500 and an average sales price of $889,458. Last year there were 8 sales with a median sales price of $627,500 and an average sales price of $819,500. There were 19 escrows opened this year with a median list price of $600,000 and last year there were 16 escrows opened with a median list price of $685,000. Right now there are 52 Home Estate/PUDs available for purchase in Goleta North with a median list price of $942,000 and an average list price of $1,328,866.
For the condo market in Goleta Real Estate North for the same period there were 6 sales this year with a $357,500 median & an average sales price of $360,666 compared to 5 sales last year with a median sales price of $365,000 and an average sales price of $345,000. This year there were 2 opened escrows with a $239,500 median list price and last year there were 2 escrows opened with a median list price of $519,500. Right now there are 9 condos available for purchase in Goleta North with a median list price of about $349,900 and an average list price of $366,877.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from December 4 to January 4 there were 8 sales this year with a median sold price of $602,500 and an average sales price of $627,687. Last year there were 10 sales with a median sales price of $570,000 and an average sales price of $602,400. This year there were 8 escrows opened with a median list price of $524,000 and last year there were 3 escrows opened with a median list price of $575,000. Right now there are 21 Home Estate/PUDs available for purchase in Goleta South with a median list price of $717,000 and an average list price of $1,593,847.
For the condo market in Goleta Real Estate South for the same period there were 3 sales this year with a median sales price of $480,000 and an average sales price of $393,333. Last year there was 1 sale for $415,000. This year 3 escrows were opened with a median list price of $219,500 and last year 5 escrows were opened with a median list price of $449,000. Right now there are 10 condos available for purchase with a median list price of $338,000 and an average list price of $351,681.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of December 4 to January 4 there were 3 sales compared to 1 last year. The 3 sales had a median sales price of $3 million and average sales price of $3,128,050 and the 1 sale had a sales price of $1,650,000. There were 2 escrows opened this year with a median list price of $4.35 million and last year there were 2 opened escrows with a $2.097 million median list price. Right now there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.295 million and an average list price of $5.618 million.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 28 sales from December 4 to January 4 with a median sold price of $804,750 and an average sold price of $1,021,312. Last year there were 17 sales with a median sold price of $900,000 and an average sold price of $1,065,552. During that same time period there have been 25 opened escrows with a median list price of $850,000 and last year there were 13 escrows opened with a median list price of $895,000. Right now there are 85 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.199 million and an average list price of $1.705 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 8 sale this year compared to 2 last year. The median sales price on those 8 is $512,500 and the average sales price is $536,875. Last year there were 2 sales with a median sales price of $1,002,500 and average sales price of $1,002,500. This year 4 escrows were opened this year with a median list price of $464,990 and last year there was 1 opened escrow with list price of $459,000. Right now there are 33 condos available for purchase on the East Side of Santa Barbara with a median list price of $599,000 and an average list price of $728,271.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 9 sales from Dec. 4 to Jan. 4 compared to 12 last year and the median sales price went down from $2.35 million last year to $1.6 million this year and the average sales price went down from $3.191 million last year to $1.779 million this year. This year there have been 15 escrows opened with a median list price of $1.685 million and last year there were also 8 escrows opened with a median list price of about $1.737 million. Right now there are 143 Home Estate/PUDs available for purchase in Montecito with a median list price of $375 million and an average list price of $5.917 million.
For the Condo market in Montecito Real Estate This year there were 2 sales with a $1,487,500 median sales price and a $1,487,500 average sales price for the same period last year there was 3 sales with a $1,345,000 median sales price and a $1,258,359 average sales price. There was 1 escrow opened this year with a $725,000 list price and last year there were 2 escrows opened with a $789,000 median & average list price. Right now there are 17 condos available for purchase in Montecito with a median list price of $990,000 and an average list price of $1.199 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 Dec. 4 to Jan. 4 there were 9 sales this year compared to 7 last year but the median sales price was down on those 9 to $520,000 and last year the median sales price on the 7 was $650,000. The average sales price was also down from $884,242 last year to $582,555 this year. There were 8 opened escrows this year with a median list price of $497,500 compared to 2 last year with a median list price of $681,875. Right now there are 39 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,148,500 and an average list price of about $4.233 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 5 sales this year compared to 9 last year and the median sales price went up from $300,000 to $387,500. The average sales price also went up from $290,722 to $368,500. This year there were 5 escrows opened with a median list price of $275,000 and last year there were 5 escrows opened with a median list price of $249,000. Right now there are 12 condos for sales in Carpinteria/Summerland with a median list price of $377,000 and an average list price of $463,541.
For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market we finished the year 91 sales, 5 sales below where we did in 10. This is a 5% decline year over year and the median sales price declined about 10% for the year down to $599,900 from $670,000 the previous. The listings that entered escrow are way up however by almost 16% from 88 to 102 but the median list price for those homes entering escrow is down by about 16% to just below $585,000 falling from $699,000. Right now there are just 22 Home Estate/PUDs available for purchase in Goleta South with a median list price of $779,750 and an average list price of $1.585 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate there were 11% more sales in 11 compared to 10 finishing the year with 51 up from 46. The median sales price fell however from $375,000 in 10 down to $355,000 in 11. This is a decline of over 5%. The escrows are also up from 43 in 10 to 55 in 11 with the median list price going from $379,500 in 10 to $349,000 in 11 for an 8% drop. Right now there are just 11 condos available for purchase in Goleta South with a median list price of $347,000 and an average list price of $351,982.
For the Home Estate/PUD market in Hope Ranch Real Estate we ended the year with 27 sales in 11 up from 20 in 10. But in 11 the median sales price dropped from $2.212 million in 10 to $1.95 million in 11. The pending numbers are way up however going from 19 in 10 to 29 in 11 but the median list price for those opened escrows dropped from $2.395 million in 10 to $1.995 million in 11. As we finish 11 there are just 19 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of just below $3.595 million and average list price of just over $6 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 08 has seen no activity.
This is an analysis of the Santa Barbara Real Estate market including Carpinteria Real Estate/Summerland Real Estate, Montecito Real Estate, Hope Ranch Real Estate, downtown Santa Barbara and Goleta Real Estate through the month of December 2011 and all of 2011. Starting with the Home Estate/PUD sector after experiencing 3 months in a row of falling sales December rebounded nicely with 98 closings. The median sales price continued to decline however falling to around $710,000 for the month from $730,000 in November and $745,000 in October.
The numbers of escrows for the month remained strong in December with about 100 opened escrows for the second month in a row. But, the median list price on those escrows in December continued the slide weve seen for the past few months falling to $690,000 which should set the table for a further decline in the median sales price down to the mid $600,000 level.
Year over year the numbers of sales are still up for 2011 by about 4.5% while the numbers of escrows is up 17.5%. But, the median sales price has declined about 7% falling to $790,000 for the year and the average sales price has declined even further from $1.46 million last year to $1.18 million for about a 19% drop.
There were 19 sales in December from $1 to $2 million with 11 sales above $2 million and 1 over $5 million but still the predominance of the 98 some sales fell below the $1 million mark with 43 of the 95 sales alone coming in between $400,000 and $700,000.
Looking at the Districts, Carpinteria/Summerland sales are up 11% from 80 to 89 but the median sales price is down from $675,000 to $647,500. The numbers of escrows are also way up going from 75 to 98 with the median list price on those escrows dropping from $679,500 last year to $659,000 this year.
For Montecito, sales are up by 11% going from 153 to 163 with the median sales price dropping from $2.4 million to $2.1 million. Escrows are up 15% going from 155 to 182 but the median list price on those escrows is down from $2.512 million to $2 million.
East of State St sales are up going from 244 in 10 to 259 in 11 but the median sales price is down from $925,000 to $870,000. The escrows are up by 20% going from 245 to 295 with the median list price on those escrows dropping from $979,500 last year to $887,000 this year.
West of State St sales are up 5% from 196 to 206 but the median sales price is down from $785,000 to $686,375. The numbers of escrows are also up with 210 in 10 compared to 226 in 11 but the median list price on those escrows is down from $795,000 last year to $699,000 this year.
Hope Ranch sales are up from 21 to 28 but the median sales price is down from $2.212 million to $1.95 million. The numbers of escrows are also up from 20 to 30 but the median list price on those escrows is down from $2.395 million to $1.995 million.
Goleta South sales are down 7% from 96 to 89 and the median sales price is down from $670,000 to $599,900. The numbers of escrows are up however from 92 to 102 with the median list price on those escrows declining from $699,000 to $584,450.
Goleta North sales are up with 157 in 10 and 162 in 11, with the median sales price dropping from $705,000 to $661,500. The numbers of escrows are up however from 165 to 190 with the median list price on those escrows falling from $725,000 to $674,000.
For the Condo segment of the market sales also rose in December climbing to 31 for the month from 25 the previous month but the median sales price dropped from $410,000 in November to $407,000 in December. The numbers of escrows opened in December fell to 24 from 38 in November with the median list price on those escrows declining to $317,000 for the month down from $377,887 in November.
Year over year the numbers of condo sales is down 5.2% but the numbers of escrows are actually up about 3.2%. The median sales price has declined approximately 4% from last year with the average sales price falling about 3.5%. The Sales Price to Original List Price ratio is almost exactly where it was last year in the 90th percentile and the days on the market for the properties that have sold rose a bit in 2011 to 80 from 76 in 2010.
About half of the 35 sales came in below $400,000 with another 13 sales showing up between $400,000 and $550,000. But, there were 2 sales over $1 million with one of those over $2 million. With those higher dollar value sales leading the way the average sales price for the month came in just below $500,000 with the highest priced sale at $2.3 million and the least expensive condo selling for $170,000.
Looking at the Districts, Carpinteria/Summerland sales are down from 66 to 61 with the median sales price falling from $382,500 to $350,000. The numbers of escrows are also down falling from 72 to 64 and the median list price on those escrows is down from $389,000 to $359,000.
Montecito condo sales are down with 26 in 10 and 23 in 11 with the median sales price down from $1,075,000 to $905,750.The numbers of escrows are also down with 26 in 10 and 23 in 11 with the median list price on those escrows also down from $1,095,000 in 10 to $998,000 in 11.
East of State St sales are up 8% from 67 to 73 with the median sales price falling from $481,500 to $462,500. The numbers of escrows are also up going from 61 to 81 with the median list price on those escrows dropping from $519,000 last year to $492,495 this year.
West of State St sales are down 16% from 80 to 67 with the median sales price falling from $496,000 to $437,000. The escrows are even however from 82 to 82 with the median list price on those escrows falling from $500,000 to $429,000.
Goleta South sales are up by 17% from 46 to 54 with the median sales price down just a little from $375,000 to $355,000. The numbers of escrows are up 23% from 47 to 58 with the median list price on those escrows down from $379,500 to $349,000.
Goleta North sales are down 16% from 48 to 40 with the median sales price down from $395,000 to $362,500. The escrows are also down from 53 to 40 with the median list price on those escrows falling from $404,000 to $354,500.
Both the Home Estate/PUD and Condo markets finished the year with strong numbers of sales but declining median sales price and looking at the pending numbers for both segments it looks like this trend will continue into 2012 with increased numbers of sales but lower prices.
Gary Woods
On the West Side of Santa Barbara Real Estate for the Home Estate/PUD market sales are up by 2 for 11 finishing the year at 191 sold units rising from 189. But with the numbers of sales up the median sales price is down by about 12% finishing the year at $690,000 falling from $785,000. The pending sales are up by 7% rising from 195 to 208 but again the median list price for those opened escrows is down by 12% to $699,000 dropping from $799,000. Right now there are just 60 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $982,000 and average list price of $1,272,591.
For the condo market on the West Side of Santa Barbara Real Estate sales are down by13 finishing the year with 65 closed units falling from 78 and the median sales price has declined from $496,000 in 10 to $437,000 for 11. Escrows are up by 2 from the previous year finishing 11 with 79 up from 77 and the median list price on those opened escrows is down from $500,000 to $429,000. We ended the year with just 23 condos available for purchase on the West Side of Santa Barbara with a median list price of $524,500 and an average list price of $635,413.
Through December 11 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate for most of the year sales were a little behind 10 but we finished the year with 12 sales more for a total of 233 than occurred in 10 when there were 221. The median sales price fell from $925,000 in 10 to $870,000 in 11. The 271 escrows opened during 11 is way up from where it was at the end of 10 when there were 215. But, the median list price on those escrows is down from $979,500 in 10 to $879,000 in 11. Right now there are 85 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.299 million and an average list price of $1.7 million.
For the condo market on the East Side of Santa Barbara Real Estate in 11 saw sales are up from the 10 numbers from 65 to 70. But, while the numbers of sales was up the median sales price declined from $481,500 in 10 to $460,000 for 11. The pending listings are way up from last year when there were 57 in10 rising to 75 in 11. But the median list price on those escrows dropped from $519,000 in 10 to 495,000 in 11. Right now there are 38 condos available for purchase on the East Side of Santa Barbara with a median list price of $572,000 and average list price of $711,103.
For the Home Estate/PUD market in Montecito Real Estate earlier in the year sales were about 10% above the 10 mark but we ended the year still on the plus side but at 8%. The median sales price for 11 was about $2.1 million below where it was for the equivalent period in10 when it was $2.4 million. The opened escrows are farther ahead however with 158 in 11 compared to 138 in 10 for at 14% but the median list price for those homes in escrow is down from $2.5 million in 10 to just over $2 million in 11. Right now there are 143 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.75 million and average list price of $5.98 million.
Looking at the condo market for Montecito Real Estate there have been 20 sales in 11 compared to 23 10. The median sales price fell from about $1,075,000 in 10 to $905,750 in 11. In 11 there were 19 opened escrows with a median list price of $998,000 compared to 10 when there were 23 escrows opened with a median list price of $1,095,000. Right now there are just 18 condos available for purchase in Montecito with a median list price of $969,000 and average list price of $1,181,941.
Looking at 11 Carpinteria Real Estate/Summerland Real Estate in the Home Estate/PUD market the sales compared to 10 have remained ahead for most of the year. At the end of 11 sales are about 14% ahead of where they were the previous year ending December 31 with 90 closed sales. But this year the median sales price has declined by about 2% from $675,000 in 10 to $661,500 in 11 after being ahead of the previous years pace most of the year. A lot of escrows remain open as we end 11 with 100 escrows opened this year compared to 72 last year so the beginning of January 12 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 just above $660,000. Right now there are about 40 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.249 million and average list price of about $4 million.
For the condo market for the Carpinteria Real Estate/Summerland Real Estate area sales ended the year about 8% behind of where they were last year ending 10 with 60 sales in 11. The median sales price declined in the area but by about 8% ending at $350,000 down from $382,500 last year. Unlike with Home Estates the pending sales are down ending the year at 62 which is a 7.5% decline from the previous year. The median list price for those condos in escrow is slightly below $360,000 for 11 down from $389,000 the year before. Right now there are just 13 condos available for purchase in Carpinteria/Summerland with a median list price of just below $379,000 and average list price of $465,961.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through December 22 there have been 160 sales compared to 161 last year for a 0.6% drop. The median sales price fell from $705,000 to $667,500 for a 5.3% decline.
The gap between the median list price of $995,000 and the median sold price of $667,500 gives us a -32.9% gap whereas last year the median list price was $899,450 and when compared to the median sold price of $705,000 it gave us a 21.6% gap.
For the condo market in Goleta Real Estate North through December 22 there have been 35 sales compared to 47 last year for a 25.5% drop and the median sales price has gone down from $395,000 to $370,000 for a 6.3% drop.
The gap between the median list price of $379,000 and the median sold price of $370,000 gives us a 2.4% gap whereas last year the median list price was about $439,450 and when compared to the median sold price of $395,000 it gave us a gap or 10.1%.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through December 22 there have been 88 sales compared to 92 last year for a 4.3% decline and the median sales price went down from $672,500 last year to $599,950 for a 10.8% drop.
The median list price this year for $797,000 when compared to the median sold price of $599,950 gives us a -24.7% gap. Last year there was $795,000 median list price and when compared to the median sold price of $672,500 gave us a -15.4% gap.
For the condo market in Goleta Real Estate South through December 22 there were 49 sales this year compared to 45 last year for a 8.9% rise and the median sales price fell from $347,000 last year to $355,000 this year for a 4.1% drop
This year the median list price of $347,000 compared to the median sold price of $355,000 gave s a positive gap of +2.3%. Last year the median list price of $364,250 and the median sold price of $370,000 gave us a positive gap of +1.6%.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Home Estate/PUD market through December 22 there have been 25 sales compared to 19 last year for a 31.6% rise and the median sales price went down from $2,375,000 to $1,950,000 for a 17.9% fall.
The median list price of $2,995,000 this year and the median sold price of $1,950,000 gives us a -34.9% gap and last year the median list price of $3,425,000 and the median sold price of $2,375,000 gave us a -30.7% gap.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Condo market through November 11 there was no activity.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through December 22 there have been 186 sales compared to 183 last year for a 1.6% rise but the median sales price went down from $790,000 to $690,000 for a 12.7% fall.
The median list price of $907,000 this year and the median sold price of $690,000 gives us a -23.9% gap and last year the median list price of $896,000 and the median sold price of $790,000 gave us a -11.8% gap.
For Santa Barbara Real Estate area of West of State St area for the Condo market through December 22 there have been 63 sales compared to 76 last year for a 17.1% decline and the median sales price went down from $496,000 to $439,000 for a 11.5% fall.
The median list price of $575,000 this year and the median sold price of $439,000 gives us a -23.7% gap and last year the median list price of $555,000 and the median sold price of $496,000 gave us a -10.6% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through December 22 there have been 223 sales compared to last year when there were 214 sales for a 4.2% rise. The median sales price has gone however down from $927,500 last year to $880,000 this year for a 5.1% drop.
The gap between the median list price of about $1.195 million and the median sold price of $880,000 gives us a -26.4% gap whereas last year the median list price was also $1.285 million and when compared to the median sold price of $927,500 we get a
-27.8% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through December 22 there have been 69 sales compared to 65 last year for 6.2% rise and the median sales price has gone down from $481,500 last year to $460,000 this year for a 4.5% decline.
The difference between the median list price of $575,000 and the median sold price of $460,000 gives us a -20.0% gap. Whereas last year the median list price of $699,000 and the median sold price of $481,500 gave us a -31.1% gap.
For Santa Barbara Real Estates Montecito Real Estate area for the Home Estate/PUD market the sales figures through December 22 there have been 147 sales compared to 133 last year for a 10.5% rise. The median sales price last year was $2.375 million and this year its is $2.111 million for an 11.1% decline.
The difference between this years median list price of $2.995 million and the median sold price of $2.111 million gives us a -29.5% gap and last year the median list price of $3.195 million and the $2.375 million sales price gives us a -8.2% gap.
For the condo market in Montecito Real Estate through December 22 2011 there have been 20 sales compared to 23 last year for a 13.0% decline. The median sales price this year of $905,750 compared to last year when it was $1,075,000 gives us a 15.7% decline.
The gap report has a median list price this year of $949,000 and the $905,750 median sales price gives us a -4.6% gap and last year there was a $1.299 million median list price compared to a $1.075 million median sales price gave us a -17.3% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through December 22 there have been 89 sale compared to 77 last year for a 15.6% rise and the median sales price has gone down from $675,000 to $650,000,000 for a 3.7% drop.
The gap between the median list price of about $1,300,000 and the median sales price of $650,000 is -50.5% whereas last year the median list price of $1.197 million and the median sales price of $675,000 gave us a -43.6% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through December 22 there have been 58 sales compared to 63 last year for a 7.9% decline while the median sales price went down from $385,000 last year to $350,000 this year for a -9.1% decline.
The gap between the median list price this year of $475,000 and the median sales price of $350,000 gives us a -26.3% difference where as last year the median list price was $479,000 and the median sales price was $385,000 for a -19.6% gap.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from November 17 to December 17 there were 11 sales this year with a median sold price of $490,000 and an average sales price of $521,627. Last year there were 8 sales with a median sales price of $646,000 and an average sales price of $740,625. This year there were 11 escrows opened with a median list price of $599,000 and last year there were 9 escrows opened with a median list price of $699,000. Right now there are 21 Home Estate/PUDs available for purchase in Goleta South with a median list price of $825,000 and an average list price of $1,666,271.
For the condo market in Goleta Real Estate South for the same period there were 4 sales this year with a median sales price of $244,000 and an average sales price of $285,750. Last year there was 1 sale for $425,000. This year 5 escrows were opened with a median list price of $225,000 and last year 2 escrows were opened with a median list price of $529,000. Right now there are 11 condos available for purchase with a median list price of $347,000 and an average list price of $360,991.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of November 17 to December 17 there were 3 sales compared to 1 last year. The 3 sales had a median sales price of $3 million and average sales price of $4,066,666 and the 1 sale had a sales price of $1,875,500. There were 2 escrows opened this year with a median list price of $1.647 million and last year there were 2 opened escrows with a $2.097 million median list price. Right now there are 19 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.6 million and an average list price of $6.232 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 November 17 to December 17 there were 17 sales with a median sales price of $630,000 and an average sales price of $879,661. Last year there were 20 sales with a median sales price of $765,000 and an average sales price of about $825,681. For the same time period there were 27 opened escrows this year with a median list price of $835,000 and last year there were 16 opened escrows with a median list price of $713,350. Right now there are 67 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $925,000 and an average list price of $1.250 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 sold price of $515,000 and an average sales price of about $580,000. Last year there were 6 sales with a median sales price of $527,925 and an average sales price of $640,141. This year 13 escrow opened with a median list price of $331,000 and last year there were 4 escrows opened with a median list price of $422,000. Right now there are 27 condos available for purchase on the West Side of Santa Barbara with a median list price of $524,500 and an average list price of $613,092.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 25 sales from November 17 to December 17 with a median sold price of $760,000 and an average sold price of $1,087,970. Last year there were 18 sales with a median sold price of $945,000 and an average sold price of $1,088,478. During that same time period there have been 36 opened escrows with a median list price of $814,500 and last year there were 15 escrows opened with a median list price of $895,000. Right now there are 90 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.247 million and an average list price of $1.675 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 8 sale this year compared to 4 last year. The median sales price on those 8 is $442,500 and the average sales price is $462,500. Last year there were 4 sales with a median sales price of $730,000 and average sales price of $835,000. This year 4 escrows were opened this year with a median list price of $484,495 and last year there were 3 opened escrows with a median list price of $459,000. Right now there are 41 condos available for purchase on the East Side of Santa Barbara with a median list price of $569,000.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/11 to 12/10/11 there have been 155 sales compared to 158 last year. The median sales price went down from $705,000 last year to $672,000 this year and the average sales price is down from $860,246 to $789,084. Those 155 sales took on average 82 days to get an accepted offer and when you add in another 48 days of escrow time you get an average total marketing time of 130 days.
For Goleta Real Estate North condos there have been 30 compared to 46 last year. The median sales price has gone down however from $397,500 to $362,500. The average sales price is also down from $397,500 to $374,056 Those 30 sales took on average 79 days to get an accepted offer and when you add in another 58 days of escrow time you get an average total marketing time of 127 days.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 10 sales from November 17 to December 17 compared to 16 last year and the median sales price went down from $2.125 million last year to $2.055 million this year and the average sales price went down from $3.178 million last year to $2.117 million this year. This year there have been 11 escrows opened with a median list price of $2.6 million and last year there were also 10 escrows opened with a median list price of about $3.055 million. Right now there are 152 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.6 million and an average list price of $5.876 million.
For the Condo market in Montecito Real Estate This year there were 4 sales with a $1,010,750 median sales price and a $1,249,125 average sales price for the same period last year there was 4 sales with a $1,272,500 median sales price and a $1,243,769 average sales price. There was 1 escrow opened this year with a $725,000 list price and last year there were 2 escrows opened with a $1,495,000 median & average list price. Right now there are 19 condos available for purchase in Montecito with a median list price of $990,000 and an average list price of $1.229 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. 17 to Dec. 17 there were 11 sales this year compared to 11 last year but the median sales price was down on those 11 $543,000 and last year the median sales price on the 11 was $599,000. The average sales price was also down from $2,672,181 last year to $645,954 this year. There were 11 opened escrows this year with a median list price of $539,000 compared to 6 last year with a median list price of $794,500. Right now there are 42 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,123,500 and an average list price of about $3.734 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 5 sales this year compared to 7 last year and the median sales price went down from $335,000 to $275,000. The average sales price also went down from $351,957 to $267,100. This year there were 4 escrows opened with a median list price of $308,000 and last year there were 5 escrows opened with a median list price of $367,000. Right now there are 16 condos for sales in Carpinteria/Summerland with a median list price of $377,000 and an average list price of $439,462.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 11 to December 10, 2011 there have been 84 sales this year compared to 88 last year and the median sales price has gone from $672,500 last year to $594,950 this year. The average sales price has also gone down from $771,002 last year to $677,656 this year. Those 84 sales took on average 63 days to get an accepted offer and when you add in another 42 days of average escrow time you get a total average marketing time of 105 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 50 sales this year compared to 45 last year. The median sales price has gone down from $370,000 to $359,000. The average sales price has also gone down however but just a little from $380,708 to $363,981. Those 50 sales on average took 77 days to get an accepted offer and when you add in another 56 days of average escrow time you get a total marketing time of 133 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 11 to December 10, 11 there have been 24 sales compared to 19 last year. The median and average sales price has gone down from $2.375 million to $1.925 million this year and the average sales price declined from $4,006,013 to $2,684,375. Those 24 sales took on average 121 days to get an accepted offer and when you add in another 37 days of escrow time you get an average total marketing time of 158 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, December 10, 2011 there have been 180 sales compared to 176 last year. The median sales price has gone down from $795,000 last year to $690,000 this year and the average sales price has gone down from $951,324 last year to $832,808 this year. Those 180 sales took on average 75 days to get an accepted offer and when you add in another 48 days of escrow time you get an average total marketing time of 123 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 61 sales compared to 75 last year but the median sales price has dropped from $497,000 to $439,000. The average sales price has also gone down from $555,146 to $542,843. Those 61 sales took 74 days on average to get an accepted offer and when you add in another 55 days of escrow time you get a total marketing time of 129 days.
For the East of State St for Santa Barbara Real Estate from January 1, 2011 to December 10, 2011 there have been 210 sales compared to 206 last year. The median sales price has fallen from $927,500 last year to $877,500. The average sales price has also gone down from $1,162,987 last year to $997,289 this year. Those 210 sales took on average 74 days to get an accepted offer and when you add in another 45 days of average escrow time you can an average total marketing time of 119 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 66 sales compared to 64 last year. The median sales price has gone down from $478,250 last year to $460,000 this year. The average sales price has also gone down from $587,961 last year to $546,169 this year. Those 66 sales took on average 76 days to get an accepted offer and when you add in another 51 days of average escrow period you get a total average marketing time of 126 days.
From 1/1/11 to 12/10/11 in Montecito Real Estate for the Home Estate/PUD market there have been 141 sales compared to 127 last year. The median sales price has come down from $2.375 million last year to $2.111 million this year while the average sales price went down from $3.526 million last year to $2.634 million. Those 141 sales took on average 127 days to get an accepted offer and when you add in another 37 days of average escrow time you get a total marketing time of 164 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 19 sales this year compared to 22 last year. The median sales price has gone down from $1,062,500 last year to $921,500 this year and the average sales price has also gone down from $1,141,367 to $1,085,921. Those 19 sales took on average 121 days to get an accepted and when you add in another 33 days of average escrow time you get an average of 154 days of total marketing time.
From January 1 11 to December 10 11 for Home Estate/PUD in Carpinteria Real Estate/Summerland Real Estate there were 85 sales compared to 73 in 10 and the median sales price has gone up from $675,000 last year to $685,000 this year. The average has gone down however, falling from $1.5 million last year to $948,078 this year. Those 85 sales took on average 81 days to get an accepted offer and when you add in another 47 days of escrow time you get a total of 128 days of total marketing time.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 57 sales this year compared to 62 last year. The median sales price has dipped from $383,750 to $350,000 and the average sales price has gone up from $423,290 to $454,482. Those 57 sales took on average 77 days to get an accepted offer and when you add in another 65 days of average escrow time you get a total marketing time of 142 days.
For the Goleta Real Estate North area of Santa Barbara Real Estate the Home Estate/PUD market there have been 150 sales through the end of November 11 with a median sales price of $659,500. This compares to last year when there were 154 sales with a median sales price of $707,500. The average sales price is down from $859,239 to $775,594. The numbers of escrows is up from 152 with a median list price of $729,000 last year to 171 with a median list price of $685,000. The numbers of new listings is down from 292 last year to 2267 this year but the median list price on those new listings is down from $775,250 last year to $729,000. Right now there are 67 Home Estate/PUDs available for purchase with a median list price of $949,500 and an average list price of $1,697,644.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate weve had 30 sales so far in 11 with a median sales price of about $362,500. Last year there were 43 sales but the median sales price was $400,000. The average sales price went down from $393,951 in 10 to $374,056 in 11. The escrows are down this year from 48 last year to 36 this year and the median list price on those escrows is down from $404,000 to $354,500. The numbers of new listings is down from 62 last year to 56 this year and the median list price on those new listings is down from $419,000 to $372,400. Right now there are 13 condos available for purchase in Goleta North with a median list price of $374,900 and an average list price of $362,453.
For the Home Estate/PUD market in Hope Ranch Real Estate there have been 23 sales this year compared to 19 last year. The median sales price fell from $2.375 million last year to $1.95 million this year. The average sales price also went down from $4,006,013 last year to $2,740,217. The numbers of escrows is also up from 17 last year to 27 this year with the median list price of those escrows going from $2.395 million last year to about $1.995 million this year. The numbers of new listings went down this year from 52 last year to 50 this year and the median list price on those new listings stayed about the same going from $2.697 million last year to $2.675 million. Right now there are 18 Home Estate/PUDs available for purchase with a median list price of $3.695 million and an average list price of $5,550,277.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first eleven months of 11 has seen no activity.
On the West Side of Santa Barbara Real Estate for the Home Estate/PUD market there have been 173 sales through November 11 compared to 163 through November 10. The median sales price has also gone down from $795,000 to $690,000. The average sales price has also dropped from $959,580 to $826,570. The numbers of escrows is up from 184 to 187 and the median list price of those escrows is down from $799,000 last year to $699,900 this year. The numbers of new listings is down from 322 to 285 and the median list price on those new listings slid from $799,250 to $749,000. Right now there are 72 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $942,000 and an average list price of $1,214,000.
For the condo market on the West Side of Santa Barbara Real Estate there have been 59 sales this year compared to 72 last year and the median sales price is down dipping from $496,000 to $439,000. The average sales price is also down from $554,098 to $546,753. The numbers of escrows fell, going from 76 in 10 to 68 in 11. The median list price of those escrows went down from $507,500 last year to $434,000 this year. There have been 109 new listings this year compared to 125 last year and the median list price on those new listings went from $500,000 last year to $467,000 this year. Right now there are 34 condos available for purchase on the West Side of Santa Barbara with a median list price of $499,450 and an average list price of $584,540.
This is an analysis of the Santa Barbara Real Estate market including Carpinteria Real Estate/ Summerland Real Estate, Montecito Real Estate, Hope Ranch Real Estate, downtown Santa Barbara and Goleta Real Estate through the month of November 2011. Starting with the Home Estate/PUD sector in November there were 68 sales approximately equaling the numbers of sales in October when there were 69 but down from September when there were 79. The median sales price slipped a little from October however when it was $745,000 down to $735,000 in November.
The numbers of escrows for the month remained strong topping the 100 level up from 97 in October but the median list price on those escrows dipped markedly from about $800,000 in October to below $700,000 in November.
Year over year the numbers of sales are still up for 2011 by about 4% while the numbers of escrows is up 16%. But, the median sales price has declined about 7% falling below $800,000 for the year and the average sales price has also declined from $1.46 million last year to $1.2 million for a 17% drop.
The reason for median sales price decline was that over 2/3 of the sales were below the million dollar mark with only 12 sales from $1 to $2 million and just 8 above $2 million. But, of those 8 sales above $2 million there were 2 above $5 million with 1 above $4 million.
Looking at the Districts, Carpinteria/Summerland sales are up 11% from 71 to 79 and the median sales price is up from $670,000 to $705,000. The numbers of escrows are also way up going from 72 to 91 with the median list price on those escrows rising from $679,000 last year to $699,500 this year.
For Montecito, sales are up by 11% going from 136 to 152 with the median sales price dropping from $2.412 million to $2.15 million. Escrows are up 18% going from 145 to 172 but the median list price on those escrows is down from $2.637 million to $2.15 million.
East of State St sales are about even going from 222 in 10 to 223 in 11 and the median sales price is down from $929,000 to $885,000. The escrows are up by 17% going from 232 to 272 with the median list price on those escrows dropping from $989,000 last year to $895,000 this year.
West of State St sales are up 7% from 171 to 184 but the median sales price is down from $795,000 to $690,000. The numbers of escrows are also up with 196 in 10 to 204 in 11 but the median list price on those escrows is down from $799,000 last year to $699,900 this year.
Hope Ranch sales are up from 20 to 24 but the median sales price is down from $2.375 million to $1.95 million. The numbers of escrows are also up from 18 to 28 but the median list price on those escrows is down from $2.395 million to $1.995 million.
Goleta South sales are down 11% from 86 to 76 and the median sales price is down from $672,500 to $605,000. The numbers of escrows are up however from 88 to 93 with the median list price on those escrows declining from $699,000 to $599,000.
Goleta North sales are even with 148 in 10 and 148 in 11 with the median sales price dropping from $707,500 to $659,500. The numbers of escrows are up however from 150 to 174 with the median list price on those escrows falling from $729,000 to $685,000.
For the Condo segment of the market, sales fell from 28 in October to 25 for November but the median sales price rose from $379,900 in October to $410,000 in November. With sales dropping, escrows surged to 39 for the month up from 27 in October but the median list price on those escrows declined from $405,000 in October to $385,875 in November.
Year over year, the numbers of condo sales is down 9% but the numbers of escrows are actually up about 1.5%. The median sales price has declined approximately 4% from last year with the average sales price falling about 3%. The Sales Price to Original List Price ratio is almost exactly where it was last year with 90% and the days on the market for the properties that have sold is holding steady at around 70.
About half of the 25 sales came in between $300,000 to $500,000 but there was significant activity both higher up and lower down the price scale. There were 6 sales below $300,000 and 5 sales above $600,000 with 2 sales over $900,000 and 1 sale over $1.1 million.
Looking at the Districts, Carpinteria/Summerland sales are down from 57 to 55 with the median sales price falling from $385,850 to $350,000. The numbers of escrows are also down falling from 67 to 59 and the median list price on those escrows is down from $397,000 to $359,900.
Montecito condo sales are down with 22 in 10 and 21 in 11 with the median sales price down from $1,062,500 to $905,750. But, the numbers of escrows are equal with 22 in both years with the median list price on those escrows up from $1,085,000 in 10 to $1,096,500 in 11.
East of State St sales are down 3% from 65 to 63 with the median sales price rising from $475,000 to $455,000. But, the numbers of escrows are up going from 60 to 78 with the median list price on those escrows dropping from $519,250 last year to $492,495 this year.
West of State St sales are down 17% from 74 to 61 with the median sales price falling from $496,000 to $439,000. The escrows are also down from 80 to 71 with the median list price on those escrows falling from $507,500 to $434,000.
Goleta South sales are up by 13% from 45 to 51 with the median sales price down just a little from $370,000 to $364,000. The numbers of escrows are up 41% from 41 to 56 with the median list price on those escrows down from $379,500 to $350,000.
Goleta North sales are down 27% from 44 to 32 with the median sales price down from $400,000 to $362,500. The escrows are also down from 51 to 38 with the median list price on those escrows falling from $404,000 to $354,500.
For the Home/Estate PUD market sales should finish the year stronger than the finish we experienced in 2010 but the median sales price continues to push downward. For the Condo market sales wont equal what we experienced in 2010 but there still could be a substantial amount of activity closing out the year because of the numbers of escrows that could close by the end of the year.
Gary Woods
Through the first 11 months of 11 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate there have been 201 sales compared to 201 last year. The median sales price is down from $929,000 to $890,000. The average sales price is also down from $1,165,996 last year to $984,073. There escrows are up from 202 last year to 249 this year but the median list price on those escrows is down from $989,000 to $895,000. The new listings are up from 394 last year to 432 this year while the median list price on those new escrows is down from $1,130,000 last year to $895,000 this year. Right now there are 108 properties available for sale on the East Side of Santa Barbara with a median list price of $1,177,500 while the median list price is $1,569,308.
For the condo market on the East Side of Santa Barbara Real Estate in 11 there have been 61 sales this year compared to 63 last year. The median sold price is down from $475,000 last year to $460,000 this year. The average sales price is also down from $575,849 to $550,118. The numbers of escrows is up from 56 to 74 and the median list price on those escrows is down from $519,250 to $492,495. The numbers of new listings is also up from 104 with a median list price of $596,500 to 128 this year with a median list price of $549,970. Right now there are 39 condos available for purchase on the East Side of Santa Barbara with a median list price of $599,000 and an average list price of $674,293.
For the Home Estate/PUD market in Montecito Real Estate there have been 139 sales through November 11 compared to 122 last year. The median sales price is down falling from $2,412,500 to $2,150,000. The average sales price is also down from $3,609,579 to $2,653,320. The numbers of escrows are also up from 130 last year to 151 this year but the median list price on those escrows is down from $2.637 million last year to $2.15 million this year. There have been 349 new listings this year with a median list price of $2.65 million this year compared to 338 new listings last year with a median list price of $2.7 million. Right now there are 162 Home Estate/PUDs with a median list price of $3.495 million and an average list price of $5,769,445.
Looking at the condo market for Montecito Real Estate there were 18 sales this year with a median sales price of $905,750 and an average sales price of $1,018,472. Last year there were 20 sales with a median sales price of $1,062,500 and an average sales price of $1,136,750. There have been 18 opened escrows this year compared to 20 last year and the median list price on those escrows this year is $1,096,500 compared to last year when that median list price was $1,085,000. Last year there were 47 new listings with a median list price of about $1.2 million compared to this year when there were 18 new listings with a median list price of $1.1 million. Right now there are 20 condos available for purchase in Montecito with a median list price of $924,500 and an average list price of $1,127,997.
Through the first 11 months of 11 for Carpinteria Real EstateSummerland Real Estate in the Home Estate/PUD market there were 82 sales compared to 70 last year. The median sales price rose from $670,000 last year to $705,000 this year. The average sales price went down however from $1,238,971 last year to $962,667. The numbers of escrows is way up this year going from 69 to 92 this year and the median list price of those escrows went from $679,000 last year to $699,500 this year. For 10 there were 158 new listings with a median list price of $852,500 last year and this year there have been 168 new listings with a median list price of $699,500. Right now there are 44 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,064,000 and an average list price of $3,532,100.
For the condo market for the Carpinteria Real Estate/Summerland Real Estate are there have been 55 sales this year compared to 56 last year. The median sold price has dropped from $388,850 last year to $350,000 this year. The average sales price has also gone up however from $434,113 to $461,909. The numbers of escrow is down from 62 to 57 while the median list price on those escrows is down from $397,000 to $359,900. There have been 83 new listings this year with a median list price of $379,000 compared to last year when there were 124 new listings with a median list price of $427,000. Right now there are 18 condos available for purchase in Carpinteria/Summerland with a median list price of $372,500 and an average list price of $424,188.
The Condo market for the Goleta Real Estate North area of Santa Barbara the numbers of properties available through November 25 there have been 67 listings compared to 81 last year for a 17% drop. The numbers of escrows is also down from 49 to 37 for a 24% fall and the sales are down from 42 to 31 for a 26% decline. The average sales price is also down from last year falling from $404,057 to $379,563 for a 6% drop.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North through November 25 there have been 363 listings compared to 356 last year for a 5% drop. The numbers of escrows are up from 150 to 170 for a 13% rise with the numbers of sales down from 147 to 144 for a 2% fall and the average sales price is down from $896,608 to $797,226 for a 11% decline.
The PUD market for the Santa Barbara Real Estate area of Goleta North through November 25 there have been 26 listings this year compared to 29 last year but there have been 13 escrows this year compared to 17 last year. The sales are down with 16 from 13 but this year the average sales price is up $648,219 last year compared to $667,617 this year.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through November 25 there have been 88 listings compared to 72 last year for a 22% rise. The escrows are up from 41 to 56 for a 36% rise and the sales are up from 45 to 48 for a 6% rise. Also the average sales price is up from $380,709 to $371,897 for a 2% decline.
For Home Estates in the Santa been Barbara Real Estate area of Goleta Real Estate South through November 25 there have 181 listings up from 166 for a 9% rise. The numbers of escrows is up from 85 to 92 for an 8% rise while the sales are down from 85 to 73 for a 14% fall. The average sales price is also down from $761,179 to $708,723 for a 6% fall.
Through November 25 for the PUD market there were 12 listings last year compared to 8 this year and the escrows are even with 6 to 6 however with sales equal at 5 with a $726,400 average price last year and $603,100 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 Estate through November 25 there have been 73 listings compared to 69 last year for a 5% rise. The escrows are up from 18 to 27 for a 50% rise. There have been 24 sales this year compared to 20 last year with the average sales price dropping from $3,933,212 last year to $2,794,792 for a 28% decline.
The PUD market for the Hope Ranch area of Santa Barbara real estate saw no activity.
The Condo market for the West of State St area Santa Barbara Real Estate the total numbers of listings through November 25 is 148 down from 163 last year down for a 9% decline. The numbers of escrows are down from 78 to 71 for an 8% drop and the sales are down from 74 to 60 for an 18% drop. The average sales price is up however from $554,258 to $558,391 for a 0% rise.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through November 25 there have been 370 listings compared to 394 last year for a 6% fall. The numbers of escrows are up however going from 193 to 205 for a 6% rise and the numbers of sales has gone up from 171 to 180 for a 5% rise. The average sales price is down however from $975,740 last year to $833,364 for a 14% decline.
The PUD market for the Santa Barbara area of West of State St there have been 6 listings this year compared to 7 last year and 2 escrows were opened this year compared to 3 last year. There were 3 sales last year for a $595,000 average while there were 2 sales this year for a $753,000 average this year.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through November 25 is 163 up from 144 last year for a 13% rise. The numbers of escrows are up from 60 to 76 but the numbers of sales are down from 65 to 62 for a 4% drop. The average sales price on those 144 sales last year was $586,747 while the 62 sales this year had an average sales price of $548,890 for 6% decline.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through November 25 there have been 579 up from 565 for a 2% rise. The escrows are up however with 230 last year to 264 this year for a 14% rise but the sales are down from 220 to 219 for a 0% drop. The average sales price has also gone down from $1,189,380 to $1,008,982 for a 15% drop.
For the PUD market on the East Side of Santa Barbara there have been 18 listings this year compared to 12 last year and the escrows are up from 0 to 12 and there have been 8 sales this year compared to 1 last year with the average sales price up from $531,000 last year to $894,056 this year.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through November 25 is 65 compared to 66 last year for a 1% decline but the escrows are even with 22 to 22 for both years. There were 22 sales last year compared to 20 this year and the average sales price has gone down from $1.128 million to $1.089 million for a 3% drop.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through November 25 there have been 550 listings compared to 562 last year for a 2% decline. But the escrows are up from 144 to 172 for a 19% rise and the sales are also up from 134 to 151 for a 12% raise. The average sales price is down however from $3.585 million to $2.701 million for a 15% fall.
For the PUD market in Montecito there have been 6 listings this year compared to 12 last year and the escrows have fallen from 6 last year to 1 this year. The sales are also down from 6 to 0 with those 6 PUD sales last year selling on average for $1.333 million.
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through November 25 there have been 114 listings this year compared to 156 for a 26% decline and escrows are down from 66 to 58 for a 12% drop. Sales are also down from 56 to 53 for a 5% decline but the average sales price is up from $434,113 to $468,491 for a 7% rise.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through November 25 have been 220 compared to last year when there were 232 for a 5% decline. The numbers of escrows are up from 72 last year to 89 for a 23% rise this year and the numbers of sales are up with 68 in 10 compared to 74 in 11 for an 8% rise. The average sales price is down however from about $1.403 million last year to $1.049 million this year for a 25% decline.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through November 25 there have been 8 listings this year compared to 5 last year and the escrows are up from 0 to 6 with the sales also up from 1 to 6. Those 6 sales on average had a $699,343 price down from $905,000 the year before.
For Goleta Real Estate North area for the Home Estate/PUD market through November 18 there are currently 79 properties available for purchase with an average list price of about $1.548 million. The highest price property is listed at $18 million while the least expensive home can be had for $99,900 giving us a median list price for the area of $879,000.
There are 34 homes in escrow in the area with an average list price of about $1,034,551. The most expensive home in escrow is listed at $8 million while the least expensive property in escrow is on the market for about $399,000 giving us a median list price of homes in escrow in Goleta South of $739,000.
Through November 18 there have been 144 sales with an average sales price of about $779,979. The highest priced listing sold for $3.05 million while at the other end of the scale is a property selling for $85,000 giving us a median sales price through October 8 of $650,000.
For the condo market in Goleta Real Estate North through November 18 there are just 16 properties available for purchase with an average list price of about $382,131. The highest priced listing is on the market for $629,000 while at the other end of the scale is one listed for about $234,300 giving us a median list price of available properties of $379,000.
Right now there are 9 condos in escrow with an average list price of $302,855. The most expensive property in escrow is listed for $429,000 while the least expensive condo is listed at $121,500 giving us a median list price on the 9 properties in escrow of $299,900
Through November 18 there have been 29 condo sales with an average sales price of $372,886. The most expensive condo sold for $627,000 while the least expensive condo sold for $180,000 giving us a median sold price through November 18 of $360,000.
For Goleta Real Estate South area for the Home Estate/PUD market through November 18 there are currently 27 properties available for purchase with an average list price of about $4,489,451. The highest price property is listed at $84 million while the least expensive home can be had for $435,000 giving us a median list price for the area of $825,000.
There are 20 homes in escrow in the area with an average list price of about $537,915. The most expensive home in escrow is listed at $675,000 while the least expensive property in escrow is on the market for $374,900 giving us a median list price of homes in escrow in Goleta South of $499,900.
Through November 18 there have been 75 sales with an average sales price of about $700,337. The highest priced listing sold for $1.55 million while at the other end of the scale is a property selling for $345,000 giving us a median sales price through November 18 of $607,000.
For the condo market in Goleta Real Estate South through November 18 there are 14 properties available for purchase with an average list price of about $375,764. The highest priced listing is on the market for $629,000 while at the other end of the scale is one listed for about $199,000 giving us a median list price of available properties of $329,000.
Right now there are 14 condos in escrow with an average list price of about $294,278. The highest priced condo in escrow is listed for about $549,000 while the least expensive condo in escrow is listed at $165,000 giving us a median list price of condos in escrow of just under $235,000.
Through November 18 there have been 45 condo sales with an average sales price of $368,578. The most expensive condo sold for $645,000 while the least expensive condo sold for $175,000 giving us a median sold price through November 18 of $363,000.
For Hope Ranch Real Estate for Home Estate/PUDs through November 18 there are 21 properties available in the area with an average list price of about $5.099 million. The most expensive listing is on the market for $24.5 million while at the other end of the scale is one listed at $1.395 million giving us a median list price for the area of about $3.495 million.
Right now there are 4 properties in escrow with an average list price of $3,994,875. The highest priced property in escrow is listed for $9.95 million and the least expensive property in escrow is listed for $1,039,500 giving us a median list price on properties in escrow of $1.595 million..
Through November 18 there have been 22 homes sold in Hope Ranch with an average sales price of about $2.51 million. The most expensive sale was for $7.2 million while the least expensive sale was for $1.1 million giving us a median sales price through October 8 of $1.9 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 November 18 there are currently 72 Home Estate/PUDs available for purchase with an average list price of $1.23 million The most expensive property on the market can be had for about $6.999 million while at the other end of the scale is one listed for $375,000 giving us a median list price for the area of $925,000.
There are 33 properties currently in escrow with an average list price of $774,830. The most expensive property in escrow right now is listed for $3.25 million while at the other end of the scale is one listed at just $245,000 giving us a median list price of homes in escrow of $639,000.
So far in 11 there have been 168 home sales in the area with an average sales price of $830,713. The highest priced sale was for about $4.825 million while at the other end of the scale is one that sold for $245,000 giving us a median sales price for the year of $690,000.
For the Condo market on the West Side of Santa Barbara Real Estate through November 18 there are 34 properties available for purchase with an average list price of about $595,493. The highest priced listing in the area is on the market for $2.25 million while the least expensive condo can be had for $255,000 giving us a median list price for the area of $499,900.
There are 13 condos currently in escrow in the area with an average list price of about $420,713. The highest priced listing currently in escrow is on the market for $899,000 while at the other end of the scale is a property listed at $259,600 giving us a median list price for condos in escrow of about $374,900.
Through November 18 there have been 58 sales with an average sales price of $541,007. The highest priced condo sale was for $1.997 million while the least expensive sale was for $273,000 giving us a median sales price of $437,000.
For the East of State St area of Santa Barbara Real Estate through November 18 there are currently 120 Home Estate/PUDs available for purchase in the area with an average list price of $1.469 million. The highest priced listing is on the market for $13.95 million while the least expensive property is listed for $299,900 giving us a median list price of about $995,000.
There are currently 54 homes in escrow in the area with an average list price of about $1,017,000. The highest priced listing in escrow is on the market for $4.25 million while the least expensive property is listed at just $299,000 giving us a median list price for homes in escrow of $749,000.
Through November 18 there have been 194 sales in the area with an average sales price of $989,504. The highest priced sale went out for $3.58 million while the least expensive property sold for just $300,000 giving us a median sales price of $890,000.
The condo market for the East Side of Santa Barbara Real Estate through November 18 there are 44 properties available for purchase with an average list price of $724,971. The most expensive condo listed in the area is on the market for $3.795 million while the least expensive condo is listed for $329,000 giving us a median list price for the area of $564,990.
There are 19 condos in escrow right now with an average list price of about $493,265. The most expensive property currently in escrow is listed for $950,000 while the least expensive property is listed at $279,000 giving us a median list price of condos in escrow of $449,000.
This year through November 18 there have been 44 condo sales with an average sales price of $589,927. The highest priced sale was for $1,595,000 while the least expensive condo sold for $234,300 giving us a median sales price for the area of $517,500.
For Santa Barbara Real Estate in the Montecito Real Estate area through November 18 there are currently 164 Home Estate/PUDs for sale with an average list price of about $5.571 million. The most expensive listing is on the market for $29.5 million while at the other end of the scale you can get a home in Montecito for just $839,000 giving us a median list price for the area of $3.485 million.
With all those listings we have 20 homes in escrow right now with an average list price of $1.707 million. The highest priced property in escrow is listed for $4.35 million while the other end shows us a property in escrow listed for just $725,000 giving us a median list price for homes in escrow of about $1.395 million.
Through November 18 there have been 134 sales with an average sales price of about $2.664 million. The highest priced sale through that time sold for $10.75 million while the least expensive home sold for just $720,000 giving us a median sales price for the area of about $2.111 million.
For the Condo market in Montecito Real Estate there are currently 22 available with an average list price of about $1.235 million. The most expensive condo in Montecito right now can be had for $3.995 million while the least expensive condo is listed for $529,000 giving us a median list price of about $900,000.
Right now there are 4 properties in escrow with a $1,467,450 average list price. The highest priced property in escrow is listed for $2.88 million and the least expensive property in escrow is listed for $859,900 giving us a median list price of properties in escrow of $929,900.
There have been 16 condo sales this year with an average sales price of about $1.019 million. The most expensive condo sold for $2,650,000 while the least expensive property went out at $530,000 giving us a median sales price thus far in 11 of $747,500
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through November 18 there are 51 properties available for sale in the area with an average list price of $3.231 million. The highest priced listing is on the market for $25.5 million the least expensive property can be had for $355,900 giving us a median list price of about $1.148 million.
In escrow currently there are 20 homes in escrow with an average list price of $653,820. The most expensive listing in escrow is on the market for $1.4 million while the least expensive property in escrow is listed at $396,000 giving us a median list price for properties in escrow of $539,000.
Looking at Sold properties through November 18 there have been 75 sales with an average sales price of $987,016. The most expensive property sold for $6.6 million and the least expensive home closed at $330,199 giving us a median sales price of $710,000
For the condo market in Carpinteria Real Estate/Summerland Real Estate there are currently 22 properties available with an average list price of $436,577. The highest priced listing is on the market for $999,500 while the lowest priced property is listed at $205,000 giving us a median list price of $370,000.
In escrow right now there are 14 properties with an average list price of about $285,126. The highest priced property in escrow is listed for $405,000 while the least expensive property in escrow is being marketed at $198,000 giving us a median list price of properties in escrow of $287,000.
Through November 18 there have been 52 sales with an average sales price of $472,500. The most expensive condo sold for $2.3 million while the least expensive condo sold for $186,000 giving us a median sold price for the area of $353,500.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through November 11 there have been 139 sales compared to 145 last year for a 4.1% drop. The median sales price fell from $705,000 to $650,000 for a 7.8% decline.
The gap between the median list price of $964,500 and the median sold price of $650,000 gives us a -32.6% gap whereas last year the median list price was $899,000 and when compared to the median sold price of $705,000 it gave us a 21.6% gap.
For the condo market in Goleta Real Estate North through November 11 there have been 29 sales compared to 37 last year for a 21.6% drop and the median sales price has gone down from $400,000 to $360,000 for a 10.0% drop.
The gap between the median list price of $389,900 and the median sold price of $360,000 gives us a 7.5% gap whereas last year the median list price was about $428,475 and when compared to the median sold price of $400,000 it gave us a gap or 6.6%.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through November 14 there have been 74 sales compared to 82 last year for a 9.8% decline and the median sales price went down from $672,500 last year to $606,000 for a 9.9% drop.
The median list price this year for $795,000 when compared to the median sold price of $606,000 gives us a -23.8% gap. Last year there was $799,000 median list price and when compared to the median sold price of $672,500 gave us a -15.8% gap.
For the condo market in Goleta Real Estate South through November 11 there were 45 sales this year compared to 44 last year for a 2.3% rise and the median sales price fell from $369,950 last year to $363,000 this year for a 1.9% drop
This year the median list price of $347,000 compared to the median sold price of $363,000 gave s a positive gap of +4.6%. Last year the median list price of $375,950 and the median sold price of $369,950 gave us a gap of -1.6%.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Home Estate/PUD market through November 11 there have been 22 sales compared to 18 last year for a 22.2% rise and the median sales price went down from $2,462,500 to $1,925,000 for a 21.8% fall.
The median list price of $2,995,000 this year and the median sold price of $1,925,000 gives us a -35.7% gap and last year the median list price of $3,345,000 and the median sold price of $2,462,500 gave us a -26.4% gap.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Condo market through November 11 there was no activity.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through November 11 there have been 164 sales compared to 157 last year for a 4.5% rise but the median sales price went down from $795,000 to $690,000 for a 15% fall.
The median list price of $920,000 this year and the median sold price of $690,000 gives us a -25.0% gap and last year the median list price of $897,000 and the median sold price of $795,000 gave us a -11.4% gap.
For Santa Barbara Real Estate area of West of State St area for the Condo market through November 11 there have been 55 sales compared to 68 last year for a 19.1% decline and the median sales price went down from $498,000 to $439,000 for a 11.8% fall.
The median list price of $550,000 this year and the median sold price of $439,000 gives us a -20.2% gap and last year the median list price of $558,250 and the median sold price of $498,000 gave us a -10.8% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through November 11 there have been 194 sales compared to last year when there were 191 sales for a 1.6% rise. The median sales price has also gone down from $930,000 last year to $890,500 this year for a 4.2% drop.
The gap between the median list price of about $1.095 million and the median sold price of $890,504 gives us a -18.7% gap whereas last year the median list price was also $1.25 million and when compared to the median sold price of $930,000 we get a
-25.6% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through November 11 there have been 56 sales compared to 60 last year for 6.7% decline and the median sales price has gone up from $475,000 last year to $470,000 this year for a 1.1% decline.
The difference between the median list price of $587,000 and the median sold price of $470,000 gives us a -19.9% gap. Whereas last year the median list price of $684,500 and the median sold price of $475,000 gave us a -30.6% gap.
For Santa Barbara Real Estates Montecito Real Estate area for the Home Estate/PUD market the sales figures through November 11 there have been 132 sales compared to 114 last year for a 15.8% rise. The median sales price last year was $2.412 million and this year its is $2.155 million for a 10.7% decline.
The difference between this years median list price of $2.995 million and the median sold price of $2.155 million gives us a -28.0% gap and last year the median list price of $3.25 million and the $2.412 million sales price gives us a -25.8% gap.
For the condo market in Montecito Real Estate through November 11 2011 there have been 16 sales compared to 19 last year for a 15.8% decline. The median sales price this year of $818,750 compared to last year when it was $1,005,000 gives us a 22.0% decline.
The gap report has a median list price this year of $914,950 and the $818,750 median sales price gives us a -10.5% gap and last year there was a $1.395 million median list price compared to a $1.0050 million median sales price gave us a -24.7% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through November 11 there have been 75 sale compared to 64 last year for a 17.2% rise and the median sales price has gone up from $675,000 to $710,000 for a 7.0%
The gap between the median list price of about $1,262,500 and the median sales price of $710,000 is -43.8% whereas last year the median list price of $1.197 million and the median sales price of $675,000 gave us a -44.7% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through November 11 there have been 52 sales compared to 54 last year for a 3.7% decline while the median sales price went down from $385,750 last year to $354,250 this year for a -8.2% decline.
The gap between the median list price this year of $465,000 and the median sales price of $354,250 gives us a -23.8% difference where as last year the median list price was $437,497 and the median sales price was $385,750 for a -11.8% gap.
For the Goleta Real Estate North area of Santa Barbara Real Estate the Home Estate/PUD market there have been 135 sales through October 11 compared to 142 in October 10. The median sales price has dropped from $705,000 last year to $659,000 this year. The average sales price has fallen from $849,097 to $783,449. The numbers of escrows is up slightly this year from 142 in 10 to 151 in 11 with the median list price on those escrows down from $729,000 last year to $688,000 this year. Right now there are 75 Home Estate/PUDs available for purchase in Goleta North with a median list price of $879,000 and an average list price of $1.5 million.
For the Condo Market in the Goleta Real Estate North area of Santa Barbara Real Estate there have been 29 sales this year compared to 33 last year and the median sales price has gone down from $408,000 last year to $360,000 this year. The average sales price has also gone down from $385,648 last year to $372,886 this year. The numbers of escrows has dipped from 41 last year to 29 this year with the median list price on those escrows falling from $410,000 last year to $350,000 this year. Right now there are 20 condos available for purchase in Goleta North with a median list price of $384,000 and an average list price of $372,769.
For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market there have been 72 sales through October 11 compared to 82 in October 10. The median sales price has dropped from $672,500 last year to $606,000 this year. The average sales price has also fallen from $772,539 to $692,989. The numbers of escrows is up this year from 76 in 10 to 90 in 11 with the median list price on those escrows down from $712,000 last year to $584,450 this year. Right now there are 27 Home Estate/PUDs available for purchase in Goleta South with a median list price of $825,000 and an average list price of $4.543 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate there have been 45 sales this year compared to 44 last year but the median sales price has gone down from $369,950 last year to $363,000 this year. The average sales price has also gone down from $379,702 last year to $368,578 this year. The numbers of escrows has risen from 39 last year to 50 this year with the median list price on those escrows falling from $379,500 last year to $350,000 this year. Right now there are 12 condos available for purchase in Goleta South with a median list price of $338,000 and an average list price of $374,075.
For the Home Estate/PUD market in Hope Ranch Real Estate there have been 22 sales this year compared to 17 last year. The median sales price has dropped however from $2.375 last year to $1.925 this year. The average sales have gone way down from $4.217 million last year to $2.51 million this year. The numbers of escrows is up from 17 last year to 25 this year but the median list price on those escrows has fallen from $2.395 million last year to $1.995 million this year. Right now there are 21 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.495 million and an average list price of $5.027 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 there have been 159 sales this year up from 153 last year. The median sales price is down however falling from $795,000 last year to $682,750 this year. The average sold price also went down from $946,062 last year to $823,654 this year but the numbers of escrows is up from 165 last year to 177 this year. The median list price on those escrows is also down from $799,995 to $710,000. Right now there are 68 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $799,000 and an average list price of $1,113,681.
For the condo market on the West Side of Santa Barbara Real Estate there have been 55 sales this year compared to 67 last year and the median sales price has dropped from $499,000 last year to $439,000 this year. The average sales price has also gone down from $552,999 in 10 to $547,408 in 11. The numbers of escrows is 63 this year with a median list price of $439,000 and last year there were 70 escrows with a $517,000 median list price. Right now there are 31 condos available for purchase on the West Side of Santa Barbara with a median list price of $539,000 and an average list price of $646,779.
Through the first 10 months of 10 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate there have been 188 sales this year compared to 182 last year. The median sales price is also down from $935,000 last year to $897,500 this year with the average sales price down from $1.167 million to $1.001 million this year. The numbers of escrows is up however from 190 in 10 to 221 in 11 with the median list price on those escrows falling from $989,000 last year to $925,000 this year. Right now there are 125 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.1 million and an average list price of $1.435 million.
For the condo market on the East Side of Santa Barbara Real Estate in 11 there have been 53 sales compared to 57 last year. The median sales price has gone down from $475,000 last year to $480,000 this year. The average sales price is also down from $580,721 in 10 to $566,456 in 11. The numbers of escrows is up from 53 last year to 65 this year with the median list price on those escrows falling from $519,500 in 10 to $479,900 in 11. Right now there are 39 condos available for purchase on the East Side of Santa Barbara with a median list price of $565,000 and an average list price of $641,531.
For the Home Estate/PUD market of Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real EstateSummerland Real Estate and Goleta Real Estate after achieving 97 sales in August, the numbers of sales have declined to 89 in September and down to 66 in October. The median sales price also declined from September when it was $800,000 down to $750,000 in October.
Price range statistics show a decline in all categories dropping to 49 from 53 below $1 million. But, the most dramatic drop was in the $1 to $2 million range where there were just 13 sales down from 23 in the previous month and the above $2 market also saw a decline falling to 7 from 9 the previous month. That decline in the over $1 million sales was the reason that the median sales price declined to $750,000.
Depite falling sales, escrows surged to 104 in October up from 76 in September but just below the 108 registered in August and the median list price for those 104 escrows came in at $799,000 also up from the $727,000 figure of September but down from the $809,000 of August. Year over year, escrows remain about 15% ahead of where they were last year so the 4th quarter of 2011 should be strong for sales but down for median sales price.
Looking at the Districts, Carpinteria/Summerland sales are up 12% from 62 to 70 and the median sales price is up from $665,000 to $710,000. The numbers of escrows are also way up going from 66 to 80 with the median list price on those escrows rising from $659,000 last year to $710,000 this year.
For Montecito, sales are up by 16% going from 120 to 140 with the median sales price dropping from $2.375 million to $2.15 million. Escrows are up 19% going from 133 to 159 but the median list price on those escrows is down from $2.65 million to $2 million.
East of State St sales are up 2% going from 202 to 208 and the median sales price is down from $935,000 to $895,000. The escrows are up by 10% going from 217 to 239 with the median list price on those escrows dropping from $989,000 last year to $927,000 this year.
West of State St sales are up 6% from 159 to 169 but the median sales price is down from $795,000 to $686,375. The numbers of escrows are also up with 178 in 10 to 190 in 11 but the median list price on those escrows is down from $799,995 last year to $699,950 this year.
Hope Ranch sales are up from 17 to 23 but the median sales price is down from $2.375 million to $1.925 million. The numbers of escrows are also up from 18 to 27 but the median list price on those escrows is down from $2.395 million to $1.995 million.
Goleta South sales are down 14% from 81 to 69 and the median sales price is down from $672,500 to $606,000. The numbers of escrows are up however from 78 to 88 with the median list price on those escrows declining from $712,000 to $589,900.
Goleta North sales are also down from 137 to 132 with the median sales price dropping from $705,000 to $659,000. The numbers of escrows are up however from 140 to 155 with the median list price on those escrows falling from $729,000 to $688,000.
The year over year numbers continue strong with sales up about 34.6% and escrows about 14.1% ahead. The median sales is edging down however to $800,050 from $851,000 the previous year for a about a 6% drop and when you take Hope Ranch and Montecito out of the mix the median sales price has dipped from $777,000 last year to $716,500 this year for a 7.8% decline. Average sales price show an even farther drop from about $1.456 million last year to approximately $1.209 million this year for a 16.9% decline but when you take Hope Ranch and Montecito out of the mix the fall isnt quite as pronounced going from $999,913 last year to $872,276 this year for a 12.7%.
For the condo market sales dropped from 39 in September to 28 in October with the median sales price also declining from $445,000 in September to $379,990 in October. The numbers of escrows also decline from September when they were 31 to 27 in October with the median list price on those escrows falling from $449,000 to $415,000.
After 2 very encouraging months when there were 39 sales completed in both months the decline to 28 is not unexpected but the disappointment is the median sales price falling to around $380,000. This decline means that the median sales price has dropped for the past 3 months in a row and currently for the entire year stands at $420,000 down from $445,000 in 2010. Putting that $420,000 media in perspective, the median sales price in 2002 was $410,000.
The price range statistics show 18 of the 28 sales below $400,000 with 8 of the sales coming between $350,000 and $399,000. There were 6 sales from $450,000 to $499,999 however but only 4 sales above that mark. The highest condo sold for $715,000 in October with the least expensive property going out at $192,000.
Looking at the Districts, Carpinteria/Summerland sales are down from 52 to 49 with the median sales price falling from $385,850 to $355,000. The numbers of escrows are also down falling from 57 to 51 and the median list price on those escrows is down from $399,450 to $368,500.
Montecito condo sales are even with 19 in both years with the median sales price down from $1,025,000 to $818,750. But, the numbers of escrows are down from 22 to 19 with the median list price on those escrows up from $1,085,000 to $1,195.000.
East of State St sales are down 8% from 59 to 54 with the median sales price rising from $475,000 to $480,000. But, the numbers of escrows are up going from 57 to 68 with the median list price on those escrows dropping from $519,500 last year to $479,990 this year.
West of State St sales are down 17% from 69 to 57 with the median sales price falling from $499,000 to $439,000. The escrows are also down from 74 to 66 with the median list price on those escrows falling from $517,000 to $439,000.
Goleta South sales are up by 9% from 44 to 48 with the median sales price down just a little from $369,950 to $363,000. The numbers of escrows are up 33% from 39 to 52 with the median list price on those escrows down from $379,500 to $350,000.
Goleta North sales are down 6% from 33 to 31 with the median sales price down from $408,000 to $360,000. The escrows are also down from 44 to 31 with the median list price on those escrows falling from $410,000 to $350,000.
Year over year the numbers of condo sales have fallen from 271 in 10 to 247 in 11 with the numbers of escrows down just slightly from 275 last year to 270 this year. The median sales price has declined from $445,000 last year to $420,000 this year but the average sales price has fallen just a little from $526,785 to $515,338.
Because of the decline in prices the inventory has fallen. Total active listings are down about 6.5% this year with new listings off about 8.2%. The median sales price has dropped about 6% this year but without Montecito its down only about 3.5%. There have been some substantial sales in the past few months but the majority of the activity is in the $450,000 and below market.
Because of all the escrows that have been opened the end of 2011 should be strong for the Single Family residence market but price should continue to edge down. The condo market however looks like its ending the year on a down note with both sales and median price dropping.
Gary Woods
For the Home Estate/PUD market in Montecito Real Estate there have been 129 sales this year which is up from 109 last year. The median sales price has dropped however from $2.375 million last year to $2.15 million this year while the average sales price has dropped from $3.622 million last year to $2.633 million this year. The numbers of escrows this year is also ahead of the 119 last year rising to 139 this year but the median list price on those escrows declined from last years $2.65 million to this years $2 million. Right now there are 172 Home Estate/PUDs available for purchase with a median list price of $3.237 million and an average list price of $5.309 million.
Looking at the condo market for Montecito Real Estate there have been 16 sales this year down from 18 last year. The median sales price has also gone down from $1,025,000 last year to $818,750 this year. The average sales price has also gone down from $1,135,277 last year to $1.109 million this year. The numbers of escrow is down from 20 last year to 15 this year but the median list price on those escrows is up from $1,085,000 in 10 to $1.195 million in 11. Right now there are 22 condos available for purchase in Montecito with a median list price of $939,450 and an average list price of $1.291 million.
Through the first 10 months of 11 for Carpinteria Real Estate/Summerland Real Estate in the Home Estate/PUD market there have been 72 sales compared to 61 last year. The median sales price is up from $$665,000 last year to $716,250 this year. The average sales price however has dropped from about $1.3 million last year to $998,350 million this year. The numbers of escrows, like the numbers of sales is up 18 from 63 last year to 81 this year and the median list price on those escrows is up from $659,000 last year to $710,000 this year. Right now there are 51 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1.148 million and an average list price of $3.248 million.
For the condo market for the Carpinteria Real Estate/Summerland Real Estate are there have been 49 sales this year compared to 52 last year. The median sales price has dropped from $388,850 last year to $355,000 this year but the average sales price has risen from $437,275 last year to about $480,000 this year. The numbers of escrows is down from 52 in 10 to 48 in 11 and the median list price on those escrows has declined from $399,450 last year to $368,500 this year. Right now there are 23 condos available for purchase in Carpinteria/Summerland with a median list price of $370,000 and an average list price of $423,517.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of October 1 to October 30 there were 11 sales this year with a median sales price of $650,000 and an average sales price of $656,727. Last year there were 12 sales with a median sales price of $720,000 and an average sales price of $960,106. There were 13 escrows opened this year with a median list price of $824,900 and last year there were 11 escrows opened with a median list price of $727,000. Right now there are 77 Home Estate/PUDs available for purchase in Goleta North with a median list price of $850,000 and an average list price of $1,353,665.
For the condo market in Goleta Real Estate North for the same period there were 3 sales this year with a $372,000 median sales price and a $385,000 average sales price compared to 3 sales last year with a median sales price of $280,000 and an average sales price of $323,433. This year there were 3 opened escrows with a $379,000 median list price and last year there were 5 escrows opened with a median list price of $319,500. Right now there are 20 condos available for purchase in Goleta North with a median list price of about $384,000 and an average list price of about $373,119.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from October 1 to October 30 there were 10 sales this year with a median sold price of $636,250 and an average sales price of $652,950. Last year there were 5 sales with a median sales price of $670,000 and an average sales price of $913,000. This year there were 11 escrows opened with a median list price of $627,000 and last year there were 5 escrows opened with a median list price of $699,000. Right now there are 27 Home Estate/PUDs available for purchase in Goleta South with a median list price of $795,000 and an average list price of $4,194,733.
For the condo market in Goleta Real Estate South for the same period there were 7 sales this year with a median sales price of $363,000 and an average sales price of $339,571. Last year there were 6 sales with a median sales price of $368,950 and an average sales price of $367,483. This year 6 escrows were opened with a median list price of $222,500 and last year 2 escrows were opened with a median list price of $514,000. Right now there are 12 condos available for purchase with a median list price of $338,000 and an average list price of $374,908.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of October 1 to October 30 there were 2 sales compared to 4 last year. The 2 sales had a median and average sales price of $2,785,000 and the 4 sales had a median sales price of $212,500 and an average sales price of $6,228,750. There were 3 escrows opened this year with a median list price of $4 million and last year there were 2 opened escrows with a $2.172 million median list price. Right now there are 23 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.395 million and an average list price of $4.758 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 October 1 to October 30 there were 11 sales with a median sales price of $717,000 and an average sales price of $785,600. Last year there were 17 sales with a median sales price of $794,500 and an average sales price of about $799,229. For the same time period there were 20 opened escrows this year with a median list price of about $839,500 and last year there were 22 opened escrows with a median list price of $796,950. Right now there are 70 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $812,000 and an average list price of $1.108 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 8 sales this year with a median sold price of $462,500 and an average sales price of about $512,555. Last year there were 10 sales with a median sales price of $636,000 and an average sales price of $658,100. This year 3 escrow opened with a median list price of $460,000 and last year there were 4 escrows opened with a median list price of $527,000. Right now there are 31 condos available for purchase on the West Side of Santa Barbara with a median list price of $539,000 and an average list price of $643,521.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 23 sales from October 1 to October 30 with a median sold price of $790,000 and an average sold price of $982,478. Last year there were 18 sales with a median sold price of $1,151,000 and an average sold price of $1,396,916. During that same time period there have been 28 opened escrows with a median list price of $799,000 and last year there were 16 escrows opened with a median list price of $992,000. Right now there are 132 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.137 million and an average list price of $1.475 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 8 sale this year compared to 3 last year. The median sales price on those 8 is $434,995 and the average sales price is $462,548. Last year there were 3 sales with a median sales price of $404,625 and average sales price of $478,208. This year 9 escrows were opened this year with a median list price of $439,000 and last year there were 5 opened escrows with a median list price of $500,000. Right now there are 43 condos available for purchase on the East Side of Santa Barbara with a median list price of $565,000 and an average list price of $713,084.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 12 sales from October 1 to October 30 compared to 11 last year and the median sales price went down from $2.125 million last year to $1.35 million this year and the average sales price went down from $2.522 million last year to $1.657 million this year. This year there have been 12 escrows opened with a median list price of $1.345 million and last year there were also 15 escrows opened with a median list price of about $3.495 million. Right now there are 177 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.375 million and an average list price of $5.294 million.
For the Condo market in Montecito Real Estate for the same period there was no sales and last year there was 4 sales with a $1,050,000 median sales price and a $976,000 average sales price. There were 2 escrows opened this year with a $974,975 median list price and last year there were 3 escrows opened with a $1,095,000 median list price. Right now there are 21 condos available for purchase in Montecito with a median list price of $949,000 and an average list price of $1.316 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 Oct. 1 to Oct. 30 there were 6 sales this year compared to 5 last year and the median sales price on those 6 was $810,000 and last year the median sales price on the 5 was $825,000. The average sales price was down from $2,698,000 last year to $1,957,108 this year. There were 11 opened escrows this year with a median list price of $710,000 compared to 12 last year with a median list price of $622,000. Right now there are 52 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,123,500 and an average list price of about $3.197 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 6 sales this year compared to 7 last year and the median sales price went down from $475,000 to $316,000. The average sales price also went down from $469,285 to $320,500. This year there were 5 escrows opened with a median list price of $349,900 and last year there were 7 escrows opened with a median list price of $309,700. Right now there are 23 condos for sales in Carpinteria/Summerland with a median list price of $370,000 and an average list price of $420,908.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/11 to 10/21/11 there have been 132 sales compared to 136 last year. The median sales price went down from $705,000 last year to $659,500 this year and the average sales price is down from $841,010 to $787,301. Those 132 sales took on average 78 days to get an accepted offer and when you add in another 44 days of escrow time you get an average total marketing time of 122 days.
For Goleta Real Estate North condos there have been 29 compared to 31 last year. The median sales price has gone down however from $408,000 to $360,000. The average sales price is also down from $386,690 to $372,886 Those 29 sales took on average 79 days to get an accepted offer and when you add in another 59 days of escrow time you get an average total marketing time of 128 days.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 11 to October 21, 2011 there have been 70 sales this year compared to 79 last year and the median sales price has gone from $675,000 last year to $606,000 this year. The average sales price has also gone down from $770,863 last year to $692,046 this year. Those 70 sales took on average 65 days to get an accepted offer and when you add in another 39 days of average escrow time you get a total average marketing time of 104 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 43 sales this year compared to 42 last year. The median sales price has gone up from $364,950 to $365,000. The average sales price has gone down however but just a little from $374,806 to $371,931. Those 43 sales on average took 75 days to get an accepted offer and when you add in another 54 days of average escrow time you get a total marketing time of 129 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 11 to October 21, 11 there have been 22 sales compared to 16 last year. The median and average sales price has gone down from $2.675 million to $1.925 million this year and the average sales price declined from $4,352,453 to $2,510,227. Those 22 sales took on average 103 days to get an accepted offer and when you add in another 38 days of escrow time you get an average total marketing time of 141 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, October 21, 2011 there have been 157 sales compared to 144 last year. The median sales price has gone down from $800,000 last year to $682,000 this year and the average sales price has gone down from $958,442 last year to $824,742 this year. Those 157 sales took on average 74 days to get an accepted offer and when you add in another 47 days of escrow time you get an average total marketing time of 121 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 53 sales compared to 62 last year but the median sales price has dropped from $498,000 to $439,000. The average sales price has gone up however from $550,870 to $555,745. Those 53 sales took 81 days on average to get an accepted offer and when you add in another 52 days of escrow time you get a total marketing time of 133 days.
For the East of State St for Santa Barbara Real Estate from January 1, 2011 to October 21, 2011 there have been 181 sales compared to 177 last year. The median sales price has fallen from $940,000 last year to $907,500. The average sales price has also gone down from $1,171,444 last year to $1,008,529 this year. Those 181 sales took on average 75 days to get an accepted offer and when you add in another 43 days of average escrow time you can an average total marketing time of 118 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 46 sales compared to 55 last year. The median sales price has gone up from $475,000 last year to $498,750 this year. The average sales price has gone down from $587,572 last year to $583,039 this year. Those 46 sales took on average 75 days to get an accepted offer and when you add in another 49 days of average escrow period you get a total average marketing time of 124 days.
From 1/1/11 to 10/21/11 in Montecito Real Estate for the Home Estate/PUD market there have been 127 sales compared to 136 last year. The median sales price has come down from $2.4 million last year to $2.16 million this year while the average sales price went down from $3.675 million last year to $2.658 million. Those 127 sales took on average 136 days to get an accepted offer and when you add in another 37 days of average escrow time you get a total marketing time of 173 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 16 sales this year compared to 18 last year. The median sales price has gone down from $1,025,000 last year to $818,750 this year and the average sales price has also gone down from $1,135,277 to $1,019,437. Those 16 sales took on average 124 days to get an accepted and when you add in another 34 days of average escrow time you get an average of 158 days of total marketing time.
From January 1 11 to October 21 11 for Home Estate/PUD in Carpinteria Real Estate/Summerland Real Estate there were 70 sales compared to 58 in 10 and the median sales price has gone up from $662,500 last year to $716,250 this year. The average has gone down however, falling from $1.15 million last year to $972,088 this year. Those 70 sales took on average 84 days to get an accepted offer and when you add in another 48 days of escrow time you get a total of 132 days of total marketing time.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 47 sales this year compared to 50 last year. The median sales price has dipped from $388,850 to $355,000 and the average sales price has gone up from $439,266 to $484,172. Those 47 sales took on average 81 days to get an accepted offer and when you add in another 70 days of average escrow time you get a total marketing time of 151 days.
The Condo market for the Goleta Real Estate North area of Santa Barbara the numbers of properties available through October 14 there have been 61 listings compared to 79 last year for a 22% drop. The numbers of escrows is also down from 42 to 30 for a 28% fall but the sales are up from 30 to 31 for a 3% rise. The average sales price is down however from last year falling from $391,870 to $379,563 for a 3% drop.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North through October 14 there have been 303 listings compared to 332 last year for an 8% drop. The numbers of escrows are up from 133 to 148 for an 11% rise with the numbers of sales down from 130 to 127 for a 2% fall and the average sales price is down from $856,686 to $807,332 for a 5% decline.
The PUD market for the Santa Barbara Real Estate area of Goleta North through October 14 there have been 23 listings this year compared to 27 last year but there have been 11 escrows this year compared to 16 last year. The sales are down with 13 from 14 but this year the average sales price is up $658,714 last year compared to $667,617 this year.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through October 14 there have been 79 listings compared to 62 last year for a 27% rise. The escrows are up from 38 to 50 for a 31% rise and the sales are up from 41 to 46 for a 12% rise. Also the average sales price is up from $374,924 to $375,175 for a 0% rise.
For Home Estates in the Santa been Barbara Real Estate area of Goleta Real Estate South through October 14 there have 166 listings up from 153 for an 8% rise. The numbers of escrows is up from 75 to 80 for a 6% rise while the sales are down from 80 to 64 for a 20% fall. The average sales price is also down from $767,115 to $704,723 for an 8% fall.
Through October 14 for the PUD market there were 12 listings last year compared to 8 this year and the escrows are up from 5 to 6 however with sales up from 2 with a $764,500 average to 5 with an average sales price of $603,100.
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 October 14 there have been 70 listings compared to 63 last year for an 11% rise. The escrows are up from 18 to 25 for a 38% rise. There have been 23 sales this year compared to 16 last year with the average sales price dropping from $4,352,453 last year to $2,577,174 for a 40% decline.
The PUD market for the Hope Ranch area of Santa Barbara real estate saw no activity.
The Condo market for the West of State St area Santa Barbara Real Estate the total numbers of listings through October 14 is 131 down from 154 last year down for a 14% decline. The numbers of escrows are down from 73 to 62 for a 15% drop and the sales are down from 61 to 54 for an 11% drop. The average sales price is up however from $548,098 to $573,694 for a 4% rise.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through October 14 there have been 339 listings compared to 359 last year for a 5% fall. The numbers of escrows are up however going from 165 to 179 for an 8% rise and the numbers of sales has gone up from 149 to 162 for an 8% rise. The average sales price is down however from $976,680 last year to $838,161 for a 14% decline.
The PUD market for the Santa Barbara area of West of State St there have been 7 listings this year compared to 7 last year and 3 escrows were opened this year compared to 2 last year. There were 3 sales last year for a $595,000 average while there were 2 sales this year for a $753,000 average this year.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through October 14 is 152 up from 131 last year for a 16% rise. The numbers of escrows are up from 53 to 62 but the numbers of sales are down from 55 to 46 for a 16% drop. The average sales price on those 46 sales was $585,018 while the 55 sales this year had an average sales price of $602,573 for 2% change.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through October 14 there have been 537 down from 538 for a 0% decline. The escrows are up however with 210 last year to 227 this year for an 8% rise but the sales are down from 194 to 193 for a 0% drop. The average sales price has also gone down from $1,190,127 to $1,022,929 for a 14% drop.
For the PUD market on the East Side of Santa Barbara there have been 17 listings this year compared to 11 last year and the escrows are up from 0 to 9 and there have been 9 sales this year compared to 1 last year with the average sales price up from $531,000 last year to $894,056 this year.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through October 14 is 59 compared to 62 last year for a 3% decline but the escrows are down from 21 to 19 for a 9% decline. There were 18 sales last year compared to 19 this year and the average sales price has gone up from $1.151 million to $1.088 million for a 5% drop.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through October 14 there have been 526 listings compared to 521 last year for basically a 0% decline. But the escrows are up from 124 to 151 for a 21% rise and the sales are also up from 117 to 135 for a 15% raise. The average sales price is down however from $3.658 million to $2.749 million for a 24% fall.
For the PUD market in Montecito there have been 6 listings this year compared to 12 last year and the escrows have fallen from 6 last year to 0 this year. The sales are also down from 6 to 0 with those 6 PUD sales last year selling on average for $1.333 million.
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through October 14 there have been 104 listings this year compared to 146 for a 28% decline and escrows are down from 51 to 49 for a 3% drop. Sales are also down from 48 to 55 for a 6% decline but the average sales price is up from $440,590 to $491,647 for an 11% rise.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through October 14 have been 206 compared to last year when there were 220 for a 6% decline. The numbers of escrows are up from 58 last year to 75 for a 29% rise this year and the numbers of sales are up with 56 in 10 compared to 66 in 11 for a 17% rise. The average sales price is down however from about $1.166 million last year to $1.05 million this year for a 10% decline.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through October 14 there have been 8 listings this year compared to 5 last year and the escrows are up from 0 to 6 with the sales also up from 1 to 6. Those 6 sales on average had a $699,343 price down from $905,000 the year before.
For Goleta Real Estate North area for the Home Estate/PUD market through October 8 there are currently 80 properties available for purchase with an average list price of about $1.309 million. The highest price property is listed at $14.5 million while the least expensive home can be had for $240,000 giving us a median list price for the area of $895,000.
There are 33 homes in escrow in the area with an average list price of about $984,912. The most expensive home in escrow is listed at $8 million while the least expensive property in escrow is on the market for about $399,000 giving us a median list price of homes in escrow in Goleta South of $639,000.
Through October 8 there have been 127 sales with an average sales price of about $792,960. The highest priced listing sold for $3.05 million while at the other end of the scale is a property selling for $85,000 giving us a median sales price through October 8 of $660,000.
For the condo market in Goleta Real Estate North through October 8 there are just 19 properties available for purchase with an average list price of about $368,852. The highest priced listing is on the market for $629,000 while at the other end of the scale is one listed for about $121,500 giving us a median list price of available properties of $379,000.
Right now there are 4 condos in escrow with an average list price of $325,775. The most expensive property in escrow is listed for $510,000 while the least expensive condo is listed at $234,300 giving us a median list price on the 11 properties in escrow of $258,900
Through October 8 there have been 27 condo sales with an average sales price of $371,507. The most expensive condo sold for $627,000 while the least expensive condo sold for $180,000 giving us a median sold price through October 8 of $360,000.
For Goleta Real Estate South area for the Home Estate/PUD market through October 8 there are currently 27 properties available for purchase with an average list price of about $4,241,011. The highest price property is listed at $84 million while the least expensive home can be had for $374,900 giving us a median list price for the area of $825,000.
There are 22 homes in escrow in the area with an average list price of about $638,104. The most expensive home in escrow is listed at $1.395 million while the least expensive property in escrow is on the market for $399,000 giving us a median list price of homes in escrow in Goleta South of $569,000.
Through October 8 there have been 63 sales with an average sales price of about $694,774. The highest priced listing sold for $1.55 million while at the other end of the scale is a property selling for $345,000 giving us a median sales price through October 8 of $600,000.
For the condo market in Goleta Real Estate South through October 8 there are 11 properties available for purchase with an average list price of about $629,000. The highest priced listing is on the market for $199,000 while at the other end of the scale is one listed for about $189,000 giving us a median list price of available properties of $285,000.
Right now there are 10 condos in escrow with an average list price of about $308,500. The highest priced condo in escrow is listed for about $489,000 while the least expensive condo in escrow is listed at $170,000 giving us a median list price of condos in escrow of just under $250,000.
Through October 8 there have been 41 condo sales with an average sales price of $375,806. The most expensive condo sold for $645,000 while the least expensive condo sold for $175,000 giving us a median sold price through October 8 of $365,000.
For Hope Ranch Real Estate for Home Estate/PUDs through October 8 there are 26 properties available in the area with an average list price of about $4.66 million. The most expensive listing is on the market for $24.5 million while at the other end of the scale is one listed at $2.995 million giving us a median list price for the area of about $1.039 million.
Right now there is 1 property in escrow listed at $3.9 million.
Through October 8 there have been 222 homes sold in Hope Ranch with an average sales price of about $2.51 million. The most expensive sale was for $7.2 million while the least expensive sale was for $1.1 million giving us a median sales price through October 8 of $1.9 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 October 8 there are currently 71 Home Estate/PUDs available for purchase with an average list price of $1.154 million The most expensive property on the market can be had for about $6.999 million while at the other end of the scale is one listed for $329,940 giving us a median list price for the area of $889,000.
There are 35 properties currently in escrow with an average list price of $762,734. The most expensive property in escrow right now is listed for $2.175 million while at the other end of the scale is one listed at just $250,000 giving us a median list price of homes in escrow of $699,000.
So far in 11 there have been 150 home sales in the area with an average sales price of $822,573. The highest priced sale was for about $4.825 million while at the other end of the scale is one that sold for $245,000 giving us a median sales price for the year of $680,000.
For the Condo market on the West Side of Santa Barbara Real Estate through October 8 there are 32 properties available for purchase with an average list price of about $676,324. The highest priced listing in the area is on the market for $2.25 million while the least expensive condo can be had for $339,000 giving us a median list price for the area of $549,000.
There are 13 condos currently in escrow in the area with an average list price of about $394,775. The highest priced listing currently in escrow is on the market for $625,000 while at the other end of the scale is a property listed at $299,000 giving us a median list price for condos in escrow of about $374,900.
Through October 8 there have been 50 sales with an average sales price of $560,890. The highest priced condo sale was for $1.997 million while the least expensive sale was for $273,000 giving us a median sales price of $439,000.
For the East of State St area of Santa Barbara Real Estate through October 8 there are currently 136 Home Estate/PUDs available for purchase in the area with an average list price of $1.569 million. The highest priced listing is on the market for $13.95 million while the least expensive property is listed for $350,000 giving us a median list price of about $1.1 million.
There are currently 41 homes in escrow in the area with an average list price of about $881,386. The highest priced listing in escrow is on the market for $4.2 million while the least expensive property is listed at just $299,000 giving us a median list price for homes in escrow of $729,900.
Through October 8 there have been 169 sales in the area with an average sales price of $1.003 million. The highest priced sale went out for $2.795 million while the least expensive property sold for just $300,000 giving us a median sales price of $915,000.
The condo market for the East Side of Santa Barbara Real Estate through October 8 there are 44 properties available for purchase with an average list price of about $724,971. The most expensive condo listed in the area is on the market for $3.795 million while the least expensive condo is listed for $329,000 giving us a median list price for the area of $564,990.
There are 19 condos in escrow right now with an average list price of about $493,265. The most expensive property currently in escrow is listed for $950,000 while the least expensive property is listed at $279,000 giving us a median list price of condos in escrow of $449,000.
This year through October 8 there have been 44 condo sales with an average sales price of $589,927. The highest priced sale was for $1,595,000 while the least expensive condo sold for $234,300 giving us a median sales price for the area of $517,500.
For Santa Barbara Real Estate in the Montecito Real Estate area through October 8 there are currently 171 Home Estate/PUDs for sale with an average list price of about $5.473 million. The most expensive listing is on the market for $29.5 million while at the other end of the scale you can get a home in Montecito for just $799,900 giving us a median list price for the area of about $3.495 million.
With all those listings we have 20 homes in escrow right now with an average list price of $1.582 million. The highest priced property in escrow is listed for $2.9 million while the other end shows us a property in escrow listed for just $725,000 giving us a median list price for homes in escrow of about $1.355 million.
Through October 8 there have been 121 sales with an average sales price of about $2.715 million. The highest priced sale through that time sold for $10.75 million while the least expensive home sold for just $720,000 giving us a median sales price for the area of about $2.22 million.
For the Condo market in Montecito Real Estate there are currently 21 available with an average list price of about $1.354 million. The most expensive condo in Montecito right now can be had for $3.995 million while the least expensive condo is listed for $565,000 giving us a median list price of about $990,000.
Right now there is 1 property in escrow listed for $1.15 million.
There have been 16 condo sales this year with an average sales price of about $1.019 million. The most expensive condo sold for $2,650,000 while the least expensive property went out at $530,000 giving us a median sales price thus far in 11 of $747,500
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through October 8 there are 57 properties available for sale in the area with an average list price of $3.283 million. The highest priced listing is on the market for $25.5 million the least expensive property can be had for $355,900 giving us a median list price of about $1.148 million.
In escrow currently there are 15 homes in escrow with an average list price of $645,710. The most expensive listing in escrow is on the market for $1.03 million while the least expensive property in escrow is listed at $387,651 giving us a median list price for properties in escrow of $558,900.
Looking at Sold properties through October 8 there have been 67 sales with an average sales price of $987,425. The most expensive property sold for $6.6 million and the least expensive home closed at $330,199 giving us a median sales price of $722,500
For the condo market in Carpinteria Real Estate/Summerland Real Estate there are currently 21 properties available with an average list price of $445,800. The highest priced listing is on the market for about $999,500 while the lowest priced property is listed at $255,000 giving us a median list price of $400,000.
In escrow right now there are 12 properties with an average list price of about $336,628. The highest priced property in escrow is listed for $599,900 while the least expensive property in escrow is being marketed at $190,000 giving us a median list price of properties in escrow of $302,975.
Through October 8 there have been 44 sales with an average sales price of $498,275. The most expensive condo sold for $2.3 million while the least expensive condo sold for $186,000 giving us a median sold price for the area of $359,000.
For the Goleta Real Estate North area of Santa Barbara Real Estate in the Home Estate/PUD market there have been 123 sales this year compared to 129 last year. The median sales price has fallen from $705,000 last year to $660,000 this year and the average sales price has gone down from $841,272 last year to $796,680 this year. So far this year there have been 138 opened escrows with a median list price of $658,500 and last year there were 130 opened escrows with a median list price of $729,000. The sales price to original list price ratio is 88% this year compared to 94% last year. Right now there are 83 homes available for purchase in Goleta North with a median list price of $899,000 and an average list price of $1.332 million.
For the condo market in the Goleta Real Estate North there have been 25 sales this year compared to 30 last year. The median sales price is down from $408,500 in 10 to $350,000 this year. The average sales price is also down slightly from $391,870 to $370,348. There have been 26 opened escrows this year with a median list price of $349,500 and last year there were 36 opened escrows with a median list price of $419,000. The sales price to original list price ratio has been 92% this year down from 94% last year. Right now there are 21 condos for sale in Goleta North with a median list price of about $369,000 and an average list price of about $359,152.
For the Goleta Real Estate South area of Santa Barbara Real Estate the Home Estate/PUD market there have been 62 sales this year with a median sales price of $595,000 and an average sales price of $692,754. Last year there were 78 sales with a median sales price of $675,500 and an average sales price of about $772,349. So far this year there have been 80 opened escrows with a median list price of $577,000 and last year there were 72 opened escrows with a median list price of $727,000. The sales price to original list price ratio of 93% this year is up from 80% last year. Right now there are 30 homes available for purchase in Goleta South with a median list price of about $767,000 and an average list price of $1.131 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate there have been 37 sales this year with a median sales price of $365,000 and an average sales price of about $377,812. Last year there were 38 sales with a median sales price of $370,000 and an average list price of $381,631. So far this year there has be 45 opened escrows with a median list price of $350,000 and last year there were 37 opened escrows with a median list price of about $372,900. The sales price to original list price ratio this year is 92% down from 97% last year. Right now there are 14 condos available for purchase with a median list price of $248,750 and an average list price of $340,607.
For the Home Estate/PUD market in Hope Ranch Real Estate there have been 21 sales with a median sales price of $1.9 million and an average sales price of about $2.439 million. Last year there were 14 sales with a median sales price of $2.675 million and an average sales price of $3.51 million. So far this year there have been 22 opened escrows with a median list price of $1.995 million and last year there were 15 opened escrows with a median list price of $2.9 million. The sales price to original list price ratio this year is 85% which is where it was last year. Right now there are 24 homes available for purchase in Hope Ranch with a median list price of $2.995 million and an average list price of $4.747 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 there have been 149 sales this year compared to 137 sales last year. The median sales price has fallen from $800,000 last year to $680,000 this year and the average sales price has gone down from $964,968 to $832,805. There have been 143 opened escrows this year with a median list price of about $699,950 and last year there were 144 opened escrows with a median list price of $817,000. The sales price to original list price ratio of 95% is up from 92% last year. Right now there are 70 homes available for purchase on the West Side of Santa Barbara with a median list price of about $884,500 and average list price of $1.164 million.
For the condo market on the West Side of Santa Barbara Real Estate the sales are down from 57 last year to 48 this year but the median sales price is down from $495,000 last year to $438,000 this year. The average sales price is up however from $534,561 last year to $551,187 this year. There have been 59 opened escrows opened this year with a median list price of $429,000 and last year there were 66 opened escrows with a median list price of $517,000. The sales price of original list price ratio of 92% this year is the same as it was last year. Right now there are 29 condos available for purchase on the West Side of Santa Barbara with a median list price of $559,000 and an average list price of $705,216.
For the Home Estate/PUD market of Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real EstateCarpinteria Real Estate, Summerland Real Estate and Goleta Real Estate after seeing a rise in the numbers of sales each month from June to August, September 2011saw a decline in the numbers of properties sold down to 85 from the high of 97 the previous month. The median sales price did go up however to $800,000 from $739,000 in August but, the average sales price declined from approximately $1.2 milllion in August to about $1.178 million in September.
The reason for the rise in the median sales price was a decline in sales below $1 million to 53 September from 67 in August while sales from $1 to $2 million rose from 17 to 23 for the month. Sales above $2 fell off markedly however to 9 down from 10 with 1 transaction over $5 million.
Escrows also declined in September down to 79 from 108 in August and the median list price on those escrows fell from $809,000 in August to $729,000 in September. The decline in both the median list price of escrows and median sold price on closed homes can be tied at least in part to the decline of the FHA maximum loan amount which was $729,000. That maximum loan amount supported the $850,000 median sales price which held stable through 09 and 10.
Looking at the Districts, Carpinteria/Summerland sales are up 14% from 55 to 64 and the median sales price is up from $662,500 to $716,250. The numbers of escrows are also way up going from 52 to 71 with the median list price on those escrows rising from $679,000 last year to $705,000 this year.
For Montecito, sales are up by 16% going from 110 to 128 with the median sales price dropping from $2.4 million to $2.227 million. Escrows are up 26% going from 115 to 146 but the median list price on those escrows is down from $2.562 million to $2.25 million.
East of State St sales are down 1% going from 186 to 183 and the median sales price is down from $929,500 to $900,000. The escrows are up by 6% however going from 199 to 211 with the median list price on those escrows dropping from $989,000 last year to $929,000 this year.
West of State St sales are up 10% from 143 to 158 but the median sales price is down from $800,000 to $680,000. The numbers of escrows are also up with 154 in 10 to 171 in 11 but the median list price on those escrows is down from $817,000 last year to $699,950 this year.
Hope Ranch sales are up from 14 to 22 but the median sales price is down from $2.675 million to $1.9 million. The numbers of escrows are also up from 16 to 23 but the median list price on those escrows is down from $2.9 million to $1.995 million.
Goleta South sales are down 25% from 79 to 60 and the median sales price is down from $675,500 to $600,000. The numbers of escrows are up however from 73 to 77 with the median list price on those escrows declining from $727,000 to $577,000.
Goleta North sales are also down from 124 to 122 with the median sales price dropping from $705,000 to $660,000. The numbers of escrows are up however from 128 to 139 with the median list price on those escrows falling from $729,000 to $663,000.
The year over year numbers have sales about 4% above where they were last year at this time and the numbers of escrows about 15% ahead of last years pace. But, the median sales price has fallen down to $815,000 from $850,000 the previous year. If sales from $1 to $2 million become more prevalent the yearly median sales price will come up a little but the trend at this time is still downward with about a 4% drop for the whole area from where it was last year and without Hope Ranch and Montecito its down about 8%.
For the condo market September sales remained strong with 39 properties closing escrow up from August when there were 38 and the median sales price rose to $445,000 from $436,449 for the month. The numbers of escrows fell however to 32 from 39 in August but the median list price on those escrows rose dramatically from $379,990 to $464,000 in September.
The days on the market for condos that closed escrow went back up to the mid 80s from the mid 60s in August but the Sales Price to Original List Price Ratio remained strong in the 90th percentile.
With the numbers of escrows coming in at the low 30s for the month the year over year numbers again have escrows trailing the previous year but only by 2. The numbers of sales are still about 9% behind where they were last year with the median sales price down about 3% to $425,000 from $437,000 last year.
The Condo inventory remains at about 140 available properties from Carpinteria to Goleta with the median list price for those properties coming in at around $505,000 and the average list price showing up at about $695,000.
Looking at the Districts, Carpinteria/Summerland sales are down from 45 to 44 with the median sales price falling from $385,000 to $359,450. The numbers of escrows are also down falling from 50 to 47 and the median list price on those escrows is down from $409,450 to $369,000.
Montecito condo sales are up from 14 to 19 with the median sales price down from $1,022,500 to $818,750 and the numbers of escrows are up from 18 to 19 with the median list price on those escrows down from $1,075,000 to $998,000.
East of State St sales are down 20% from 55 to 45 with the median sales price rising from $475,000 to $518,750 but the numbers of escrows are up going from 52 to 60 with the median list price on those escrows dropping slightly from $519,725 last year to $495,000 this year.
West of State St sales are down 13% from 59 to 51 with the median sales price falling from $495,000 to $439,000. The escrows are also down from 70 to 62 with the median list price on those escrows falling from $517,000 to $429,000.
Goleta South sales are up by 7% from 38 to 42 with the median sales price down just a little from $370,000 to $365,000. The numbers of escrows are up 29% from 37 to 48 with the median list price on those escrows down from $372,900 to $350,000.
Goleta North sales are down 3% from 30 to 29 with the median sales price down from $408,500 to $360,000. The escrows are also down from 39 to 29 with the median list price on those escrows falling from $419,000 to $349,500.
Despite the numbers of home sales falling in September the outlook for the rest of the year remains strong because of all the escrows that are still currently open. The median sales price and median list price on those escrows is trending down however with the majority of the activity still coming in the $450,000 to $750,000 range.
On the other hand, condos appear to be moving forward currently with even a slight upward movement in prices. Both extremes in condo pricing had a substantial amount of activity in September with 3 sales below $200,000 and 4 sales above $1 million while the majority of the action centered in the $400,000 to $550,000 range.
With Single Family Home escrows still about 15% ahead of last year sales should be strong through the end of the year and even though the numbers of condo sales remains about 9% behind where it was last year the numbers of opened condo escrows also point to a good finish for 2011.
Gary Woods
Through the first 9 months of 11 for the Home Estate/PUD market on the East Side of Santa Barbara Real Estate there have been 163 sales this year compared to 168 last year and the median sales price has gone down from $929,500 to $900,000 this year. The average sales price also went down from $1.155 million last year to $1 million this year. There have been 191 opened escrows this year with a median list price of $929,000 and last year there were 175 opened escrows with a median list price of $989,000. The sales price to original list price ratio is 89% this year up from 86% last year. Right now there are 136 homes available for purchase on the East Side of Santa Barbara with a median list price of $1.135 million and an average list price of $1.559 million.
For the condo market on the East Side of Santa Barbara Real Estate in 11 there have been 43 sales compared to 54 last year. The median sales price is down however dipping from $475,000 to $517,500. The average sales price is up just a little from $586,416 to $588,879. So far this year there have been 56 opened escrows with a median list price of $515,000 and last year there were 48 opened escrows with a median list price of $519,725. The sales price to original list price ratio is 92% this year up from 90% last year. Right now there are just 46 condos available for purchase with a median list price of $554,995 and an average list price of about $711,736.
For the Home Estate/PUD market in Montecito Real Estate the numbers of sales went from 99 last year to 116 this year but the median sales price declined from $2.4 million last year to $2.227 million this year. The average sales price also went down however from $3.727 million last year to $2.749 million this year. The numbers of escrows is up from 104 in 10 to 130 in 11 but the median list price on those escrows declined from $2.562 million last year to $2.272 million this year. The sales price to original list price ratio this year is 84% up from 78% last year. Right now there are 179 home listings in Montecito with a median list price of $3.395 million and an average list price of $5.359 million.
Looking at the condo market for Montecito Real Estate there have been 15 sales this year with a median sales price of $890,000 and last year there were 14 sales with a median sold price of $1,022,500. The average sales price also went down from $1,180,785 last year to $1.051 million this year. There have been 15 opened escrows this year with a median list price of $998,000 and last year there were 17 opened escrows with a median list price of $1,075,000. The sales price to original list price ratio of 79% this year is down from 89% last year. Right now there are 20 condos available for purchase in Montecito with a median list price of $1.174 million and an average list price of $1.428 million.
Through the first 9 months of 11 for
Carpinteria Real Estate/Summerland Real Estate in the Home Estate/PUD market there have been 65 sales compared to 56 last year and the median sales price has gone up from $662,500 to $710,0000. The average sales price has gone down from $1.16 million to $910,115. There have been 70 opened escrows this year compared to 51 last year and the median list price has been $705,000 this year compared to $679,000 last year. The sales price to original list price ratio has risen to 86% this year from 71% last year. There are currently 56 homes available for purchase in Carpinteria/Summerland with a median list price of $1.187 million and an average list price of $3,456,362.
For the condo market for the
Carpinteria Real Estate/Summerland Real Estate there have been 43 sales this year compared to 45 last year but the median sales price has declined from $385,000 last year to $359,000 this year. The average sales price is up however from $432,296 last year to $500,583 this year. There have been 44 escrows opened this year with a median list price of $374,000 and last year there were 46 escrows opened with a median list price of $409,450. Right now there are 21 condos available for purchase in Carpinteria/Summerland with a median list price of $405,000 and an average list price of $455,728.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of August 20 to September 20 there were 12 sales this year with a median sales price of $746,500 and an average sales price of $830,416. Last year there were 17 sales with a median sales price of $660,000 and an average sales price of $756,676. There were 11 escrows opened this year with a median list price of $575,000 and last year there were 11 escrows opened with a median list price of $774,900. Right now there are 86 Home Estate/PUDs available for purchase in Goleta North with a median list price of $899,000 and an average list price of $1,287,003.
For the condo market in Goleta Real Estate North for the same period there were 6 sales this year with a $312,500 median sales price and a $310,000 average sales price compared to 2 sales last year with a median sales price of $474,500 and an average sales price of $474,500. This year there were no opened escrows and last year there were 3 escrows opened with a median list price of $475,000. Right now there are 19 condos available for purchase in Goleta North with a median list price of about $389,000 and an average list price of about $351,747.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from August 20 to September 20 there were 10 sales this year with a median sold price of $661,500 and an average sales price of $797,425. Last year there were 10 sales with a median sales price of $872,000 and an average sales price of $971,150. This year there were 9 escrows opened with a median list price of $659,000 and last year there were 4 escrows opened with a median list price of $664,250. Right now there are 33 Home Estate/PUDs available for purchase in Goleta South with a median list price of $734,500 and an average list price of $1,078,372.
For the condo market in Goleta Real Estate South for the same period there were 6 sales this year with a median sales price of $350,000 and an average sales price of $368,666. Last year there were 8 sales with a median sales price of $421,500 and an average sales price of $423,236. This year 5 escrows were opened with a median list price of $388,100 and last year 7 escrows were opened with a median list price of $395,000. Right now there are 15 condos available for purchase with a median list price of $249,000 and an average list price of $339,900.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of August 20 to September 20 there was 1 sale compared to none last year. The 1 sale this year was for $1.2 million. There were 2 escrows opened this year with a median list price of $2.829 million and last year there were 5 opened escrows with a $2.95 million median list price. Right now there are 24 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $2.995 million and an average list price of $4.773 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 August 20 to September 20 there were 19 sales with a median sales price of $600,000 and an average sales price of $801,657. Last year there were 11 sales with a median sales price of $745,000 and an average sales price of about $849,272. For the same time period there were 16 opened escrows this year with a median list price of about $740,000 and last year there were 15 opened escrows with a median list price of $765,000. Right now there are 69 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $835,000 and an average 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 9 sales this year with a median sold price of $437,000 and an average sales price of about $525,888. Last year there were 4 sales with a median sales price of $442,000 and an average sales price of $467,750. This year 9 escrow opened with a median list price of $449,000 and last year there were 8 escrows opened with a median list price of $589,000. Right now there are 29 condos available for purchase on the West Side of Santa Barbara with a median list price of $549,900 and an average list price of $740,182.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 18 sales from August 20 to September 20 with a median sold price of $790,000 and an average sold price of $872,944. Last year there were 15 sales with a median sold price of $30,000 and an average sold price of $873,833. During that same time period there have been 31 opened escrows with a median list price of $749,000 and last year there were 24 escrows opened with a median list price of $899,450. Right now there are 135 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.188 million and an average list price of $1.584 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 6 sale this year compared to 4 last year. The median sales price on those 6 is $445,199 and the average sales price is $518,231. Last year there were 4 sales with a median sales price of $477,500 and average sales price of $640,000. This year 10 escrows were opened this year with a median list price of $512,495 and last year there were 5 opened escrows with a median list price of $429,900. Right now there are 42 condos available for purchase on the East Side of Santa Barbara with a median list price of $562,495 and an average list price of $667,280.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 13 sales from August 20 to September 20 compared to 13 last year and the median sales price went up from $1.864 million last year to $2.975 million this year. The average sales price went down however from $3.025 million last year to $2.546 million this year. This year there have been 16 escrows opened with a median list price of $1.635 million and last year there were also 14 escrows opened with a median list price of about $2.317 million. Right now there are 175 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.25 million and an average list price of $5.291 million.
For the Condo market in Montecito Real Estate for the same period there was 1 sale for $535,000 and last year there was 1 sale with a price of $935,000. There were 3 escrows opened this year with a 599,000 median list price and last year there were 4 escrows opened with a $1,245,000 median list price. Right now there are 19 condos available for purchase in Montecito with a median list price of $1.199 million and average list price of $1.472 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 Aug. 20 to Sept. 20 there were 9 sales this year compared to 8 last year and the median sales price on those 9 was $625,000 and last year the median sales price on the 8 was $620,000. The average sales price was down from $1,265,000 last year to $752,671 this year. There were 13 opened escrows this year with a median list price of $649,000 compared to 9 last year with a median list price of $849,000. Right now there are 58 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,192,000 and an average list price of about $3.329 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 5 sales this year compared to 3 last year and the median sales price went down from $365,000 to $355,000. The average sales price went up however from $356,213 to $454,980. This year there were 4 escrows opened with a median list price of $426,487 and last year there were 4 escrows opened with a median list price of $476,950. Right now there are 20 condos for sales in Carpinteria/Summerland with a median list price of $407,000 and an average list price of $454,810.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through September 14 there have been 120 sales compared to 126 last year for a 4.8% drop. The median sales price fell from $705,000 to $666,000 for a 5.5% decline.
The gap between the median list price of $949,000 and the median sold price of $666,000 gives us a -29.8% gap whereas last year the median list price was $909,000 and when compared to the median sold price of $705,000 it gave us a 22.4% gap.
For the condo market in Goleta Real Estate North through September 14 there have been 23 sales compared to 30 last year for a 23.3% drop and the median sales price has gone down from $408,500 to $350,000 for a 14.3% drop.
The gap between the median list price of $389,900 and the median sold price of $350,000 gives us a 10.2% gap whereas last year the median list price was about $419,475 and when compared to the median sold price of $408,500 it gave us a gap or 2.6%.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through September 14 there have been 56 sales compared to 73 last year for a 23.3% decline and the median sales price went down from $676,000 last year to $595,000 for a 12% drop.
The median list price this year for $769,500 when compared to the median sold price of $595,000 gives us a -22.7% gap. Last year there was $799,500 median list price and when compared to the median sold price of $676,000 gave us a -15.4% gap.
For the condo market in Goleta Real Estate South through September 14 there were 34 sales this year compared to 35 last year and the median sales price was also stable at $365,000 up from $360,000 in10.
This year the median list price of $277,000 compared to the median sold price of $365,000 gave s a positive gap of +31.8%. Last year the median list price of $464,000 and the median sold price of $360,000 gave us a gap of -22.4%.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Home Estate/PUD market through September 14 there have been 19 sales compared to 12 last year for a 58.3% rise and the median sales price went down from $2,412,500 to $1,950,000 for a 19.2% fall.
The median list price of $2,995,000 this year and the median sold price of $1,950,000 gives us a -34.9% gap and last year the median list price of $3,360,000 and the median sold price of $2,412,500 gave us a -28.2% gap.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Condo market through April 19 there was no activity.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through September 14 there have been 138 sales compared to 124 last year for a 11.3% rise but the median sales price went down from $799,500 to $679,500 for a 15% fall.
The median list price of $880,000 this year and the median sold price of $679,500 gives us a -22.8% gap and last year the median list price of $897,000 and the median sold price of $799,500 gave us a -10.9% gap.
For Santa Barbara Real Estate area of West of State St area for the Condo market through September 14 there have been 41 sales compared to 53 last year for a 22.6% decline and the median sales price went down from $495,000 to $437,000 for a 11.7% fall.
The median list price of $575,000 this year and the median sold price of $437,000 gives us a -24% gap and last year the median list price of $555,000 and the median sold price of $495,000 gave us a -10.8% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through September 14 there have been 148 sales compared to last year when there were 156 sales for a 5.1% decline. The median sales price has also gone down from $942,500 last year to $917,500 this year for an 2.7% drop.
The gap between the median list price of about $1.14 million and the median sold price of $917,500 gives us a -19.5% gap whereas last year the median list price was also $1.236 million and when compared to the median sold price of $942,500 we get a
-23.7% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through September 14 there have been 35 sales compared to 49 last year for 28.6% decline and the median sales price has gone up from $467,000 last year to $517,500 this year for a 10.8% rise.
The difference between the median list price of $569,000 and the median sold price of $527,500 gives us a -9.1% gap. Whereas last year the median list price of $699,000 and the median sold price of $467,000 gave us a -33.2% gap.
For Santa Barbara Real Estates Montecito Real Estate area for the Home Estate/PUD market the sales figures through September 14 there have been 1090 sales compared to 90 last year for a 21.9% rise. The median sales price last year was $2.387 million and this year its is $2.22 million for a 7% decline.
The difference between this years median list price of $3.095 million and the median sold price of $2.22 million gives us a -28.3% gap and last year the median list price of $3.25 million and the $2.387 million sales price gives us a -26.5% gap.
For the condo market in Montecito Real Estate through September 14 2011 there have been 14 sales compared to 14 last year for no change. The median sales price this year of $995,000 compared to last year when it was $1,022,500 gives us a 2.7% decline.
The gap report has a median list price this year of $1,070,000 and the $995,000 median sales price gives us a -7% gap and last year there was a $1.297 million median list price compared to a $1.022 million median sales price gave us a -21.2% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through September 14 there have been 61 sale compared to 54 last year for a 13% rise and the median sales price has gone up from $662,500 to $700,000 for a 5.7%
The gap between the median list price of about $1,295,000 and the median sales price of $700,000 is -45.9% whereas last year the median list price of $1.1 million and the median sales price of $662,500 gave us a -39.8% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through September 14 there have been 40 sales compared to 40 last year for a 4.8% decline while the median sales price went down from $385,750 last year to $359,450 this year for a -6.8% decline.
The gap between the median list price this year of $477,000 and the median sales price of $359,450 gives us a -24.6% difference where as last year the median list price was $429,450 and the median sales price was $385,750 for a -8% gap.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/11 to 9/5/11 there have been 116 sales compared to 120 last year. The median sales price went down from $707,500 last year to $666,000 this year and the average sales price is down from $845,754 to $803,842. Those 116 sales took on average 81 days to get an accepted offer and when you add in another 43 days of escrow time you get an average total marketing time of 124 days.
For Goleta Real Estate North condos there have been 22 compared to 28 last year. The median sales price has gone down however from $408,500 to $355,000. The average sales price is also down from $385,967 to $379,486 Those 22 sales took on average 93 days to get an accepted offer and when you add in another 62 days of escrow time you get an average total marketing time of 155 days.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 11 to September 5, 2011 there have been 51 sales this year compared to 69 last year and the median sales price has gone from $675,000 last year to $590,000 this year. The average sales price has also gone down from $749,517 last year to $671,794 this year. Those 51 sales took on average 77 days to get an accepted offer and when you add in another 38 days of average escrow time you get a total average marketing time of 115 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 33 sales this year compared to 33 last year. The median sales price has gone down from $380,000 to $365,000. The average sales price has gone however but just a little from $379,332 to $382,850. Those 33 sales on average took 75 days to get an accepted offer and when you add in another 55 days of average escrow time you get a total marketing time of 130 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 11 to September 5, 11 there have been 18 sales compared to 12 last year. The median and average sales price has gone down from $2.412 million to $1.972 million this year and the average sales price declined from $3,389,520 to $2,619,722. Those 18 sales took on average 114 days to get an accepted offer and when you add in another 39 days of escrow time you get an average total marketing time of 153 days.
For Condominiums in Hope Ranch Real Estate there was no activity.
For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of January 1, September 5, 2011 there have been 135 sales compared to 121 last year. The median sales price has gone down from $800,000 last year to $682,000 this year and the average sales price has gone down from $963,124 last year to $840,588 this year. Those 135 sales took on average 79 days to get an accepted offer and when you add in another 46 days of escrow time you get an average total marketing time of 125 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 39 sales compared to 53 last year but the median sales price has dropped from $495,000 to $439,000. The average sales price has gone up however from $517,603 to $524,923. Those 39 sales took 66 days on average to get an accepted offer and when you add in another 53 days of escrow time you get a total marketing time of 119 days.
For the East of State St for Santa Barbara Real Estate from January 1, 2011 to September 5, 2011 there have been 142 sales compared to 153 last year. The median sales price has fallen from $945,000 last year to $911,250. The average sales price has also gone down from $1,166,328 last year to $1,006,779 this year. Those 142 sales took on average 78 days to get an accepted offer and when you add in another 39 days of average escrow time you can an average total marketing time of 117 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 34 sales compared to 48 last year. The median sales price has gone up from $471,000 last year to $518,273 this year. The average sales price has gone up from $578,677 last year to $585,273 this year. Those 34 sales took on average 79 days to get an accepted offer and when you add in another 46 days of average escrow period you get a total average marketing time of 125 days.
From 1/1/11 to 9/5/11 in Montecito Real Estate for the Home Estate/PUD market there have been 105 sales compared to 87 last year. The median sales price has come down from $2.4 million last year to $2.16 million this year while the average sales price went down from $3.629 million last year to $2.742 million. Those 105 sales took on average 127 days to get an accepted offer and when you add in another 37 days of average escrow time you get a total marketing time of 164 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 14 sales this year compared to 14 last year. The median sales price has gone down from $1,022,500 last year to $995,000 this year and the average sales price has also gone down from $1,180,785 to $1,088,750. Those 14 sales took on average 140 days to get an accepted and when you add in another 36 days of average escrow time you get an average of 176 days of total marketing time.
From January 1 11 to September 5 11 for Home Estate/PUD in Carpinteria Real Estate/Summerland Real Estate there were 61 sales compared to 53 in 10 and the median sales price has gone up from $665,000 last year to $700,000 this year. The average has gone down however, falling from $1.193 million last year to $916,072 this year. Those 61 sales took on average 82 days to get an accepted offer and when you add in another 49 days of escrow time you get a total of 131 days of total marketing time.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 40 sales this year compared to 42 last year. The median sales price has dipped from $385,750 to $359,450 and the average sales price has gone up from $438,710 to $511,852. Those 40 sales took on average 72 days to get an accepted offer and when you add in another 55 days of average escrow time you get a total marketing time of 127 days.
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 August 2011 marked the third month in a row in which the numbers of sales increased. Sales rose from 90 in June to 95 in July to 96 in August. But, unlike the numbers of sales the median sales price declined for those same 3 months dropping from $862,500 in June to $815,000 in July down to $734,500 in August.
The decline in the median sales price came from the dramatic rise in sales priced below $1 million going from 59 to 67 and the even more dramatic drop in sales from $1 to $2 million which went from 29 to 17. Sales above $2 million remained at about the same level going from 10 in July to 12 in August with 2 of those sales over $2 million down from 3 in July.
The numbers of escrows also rose in August going to 111 for the month up from 95 in July and 104 in June. The median list price on those escrows went up from July when it was $749,000 to $799,000 in August but the sales price to original list price ratio on those properties that closed escrow continued to hover right around 87%.
The inventory continued to be around 550 to 570 available properties for the month with the median list price on those available properties remaining around a $1.45 million median list price and a $2.9 million average list price.
The average days on the market for the homes that did sell went up to the mid 90s after being in the mid to high 70s for the previous two months.
Looking at the Districts, Carpinteria/Summerland sales are up 16% from 49 to 57 and the median sales price is up from $675,000 to $710,000. The numbers of escrows are also way up going from 44 to 64 with the median list price on those escrows rising from $659,000 last year to $700,000 this year.
For Montecito, sales are up by 21% going from 95 to 115 with the median sales price dropping from $2.41 million to $2.16 million. Escrows are up 31% going from 103 to 135 but the median list price on those escrows is down from $2.69 million to $2.32 million.
East of State St sales are down 3% going from 164 to 158 and the median sales price is down from $950,000 to $915,000. The escrows are up by 6% however going from 176 to 188 with the median list price on those escrows dropping from $995,000 last year to $949,000 this year.
West of State St sales are up 8% from 126 to 142 but the median sales price is down from $800,000 to $682,000. The numbers of escrows are also up with 145 in 10 to 158 in 11 but the median list price on those escrows is down from $824,000 last year to $699,900 this year.
Hope Ranch sales are up from 12 to 19 but the median sales price is down from $2.412 million to $1.972 million. The numbers of escrows are also up from 13 to 22 but the median list price on those escrows is down from $2.295 million to $1.995 million.
Goleta South sales are down 28% from 69 to 49 and the median sales price is down from $670,000 to $590,000. The numbers of escrows are also down from 69 to 67 with the median list price on those escrows declining from $729,000 to $594,450.
Goleta North sales are also down from 114 to 110 with the median sales price dropping from $715,000 to $659,500. The numbers of escrows are up however from 121 to 129 with the median list price on those escrows falling from $729,000 to $668,000.
With about 100 more escrows opened through August 11 than occurred through August 10 the Home Estate market in Santa Barbara looks healthy. But, the majority of those sales are occurring below the $1 million mark with the burst of activity that occurred from $1 to $2 in July appearing to be only an aberration.
For the condo market August marked the 5th month in a row that we saw an increase in the numbers of sales from the previous month. The median sales price fell back however, dropping from $551,400 in July to a still healthy $436,449 in August. After posting sub $400,000 median sales prices for condos for most of the rest of 2011 anything in that $430,000 range is very welcome and should spur condo sellers who have been sitting on the sidelines watching their investments decline into thinking about listing their properties.
The Days on the Market for sold properties slid down into the mid 60s after being above 91 in July and almost 100 in June. While the Sales Price to Original List Price Ratio remained around 90% for July and August and up from 85% in June.
The numbers of escrows continued to grow in August with 43 for the month down a little from 46 in July but up from 35 in June. The median list price on those escrows slid down however below $400,000 for the month falling from $457,000 in July and $465,000 in June.
The numbers of sales when compared to 2010 continues to lag but the numbers of escrows in 2011 has surpassed those posted in the previous year. Last year through August the median sales price for condos was $435,000 and this year it has been $420,000 but it seems to be continuing to rise.
Looking at the Districts, Carpinteria/Summerland sales are down from 42 to 40 with the median sales price falling from $385,750 to $359,450. The numbers of escrows are also down falling from 45 to 44 and the median list price on those escrows is down from $409,900 to $369,000.
Montecito condo sales are up from 14 to 16 with the median sales price up from $1,022,500 to $1,100,000 and the numbers of escrows are up from 13 to 16 with the median list price on those escrows up from $1,050,000 to $1,247,000.
East of State St sales are down 32% from 49 to 33 with the median sales price rising from $471,000 to $517,500 and the numbers of escrows are down going from 47 to 53 with the median list price on those escrows dropping from $519,950 last year to $517,000 this year.
West of State St sales are down 25% from 54 to 40 with the median sales price falling from $495,000 to $432,000. The escrows are also down from 59 to 55 with the median list price on those escrows falling from $507,000 to $429,000.
Goleta South sales are up by 20% from 30 to 36 with the median sales price up just a little from $357,500 to $365,000. The numbers of escrows are up 34% from 32 to 43 with the median list price on those escrows down from $365,950 to $350,000.
Goleta North sales are down 17% from 28 to 23 with the median sales price down from $408,500 to $350,000. The escrows are also down from 35 to 28 with the median list price on those escrows falling from $416,500 to $349,500.
I continue to be encouraged by the numbers of property sales in the Santa Barbara area particularly with Single Family Dwellings and now more and more with Condos. With the numbers of escrows continuing strong the last 4 months of 2011 should be good for both homes and condos. But, while the median sales price on condos is starting to move up the median sales price on homes continues to slide. With 38 of the 96 sales occurring between $500,000 and $800,000 in August and with 11 more sales below $500,000 theres a lot more activity farther down in the market. And when you combine that fact with activity between $1 and $2 million sputtering the median sales price should continue to push down. Hopefully the higher dollar properties on the market will start to re-assert themselves and we will have a more robust Santa Barbara Real Estate market from top to bottom.
Gary Woods
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eight months of 11 for the Home Estate/PUD market there have been 112 sales compared to 118 last year. The median sales price has gone down from $715,000 to $659,500 and the average sales price has gone down from $848,670 to $797,685. The sales price to original list price ratio has also edged down from 96% to 88%. The numbers of new listings has fallen from 236 with a $775,000 median list price to 209 with a $739,000 median list price. The numbers of escrows is up from 123 with a $729,000 median list price to 128 with a $668,000 median list price. Right now there are 87 Home Estate/PUDs available for purchase on the North Side of Goleta with a median list price of $858,000 and an average list price of $2.41 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first eight months of 11 for condominiums there have been 21 sales compared to 28 last year but the median sales price has risen from $408,500 to $350,000. The average sales price is right about where it was last year at approximately down from approximately $385,000 to $376,128. The numbers of new listings is down from 50 with a $419,000 median list price to 44 this year with a $382,000 median list price. The numbers of escrows is down from 32 last year with a $416,500 median list price to 26 this year with a $349,500 median list price. Right now there are 16 condos for sales in Goleta North with a median list price of $391,500 and an average list price of $367,418.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 8 months of 11 there have been 51 Home Estate/PUD sales compared to 66 last year. The median sales price has dropped from $670,000 to $590,000 this year with the average sales price falling from $736,518 last year to $671,794 this year. The sales price to original list price ratio has risen from 80% to 92% ant the numbers of new listings is up from 105 with a median list price of $735,000 to 111 in 11 with a median list price of $612,000. The numbers of escrows is also up from 67 to 670 and the median list price on those escrows is up from $729,000 to $594,450. Right now there are 33 Home Estate/PUDs available for purchase with a median list price of $734,500 and an average list price of $1.088 million.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first eight months of 11 there have been 33 condo sales compared to 30 last year and the median sales price has up from $374,203 to $382,250. The average sales price has also risen from $374,203 to $382,840 but the sales price to original list price ratio has gone down from 98% to 92%. There are 56 new listings this year with a median list price of $350,000 compared to last year when there were 46 new listings with a median list price of $376,200. The numbers of escrows have risen from 32 last year to 41 this year while the median list price on those escrows has dipped from $365,950 to $350,000. Right now there are 17 condos available for purchase with a median list price of $295,000 and an average list price of $360,839.
For the Santa Barbara Real Estate area West of State St for the first eight months of 11 compared to 10 for the Home Estate/PUD market there have been 135 sales this year compared to 119 last year but the median sales price has dropped from $800,000 to $682,000. The average sales price is also down from $956,991 last year to $840,558 this year. The sales price to original list price ratio is about the same however falling slightly from 93% last year to 90% this year. The numbers of escrows is up from 134 with a $824,000 median list price to 150 this year with a $699,900 median list price. The numbers of new listings is way down from 257 last year with an $849,000 median list price to 218 with a $749,500 median list price. Right now there are 72 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $899,500 and an average list price of $1.19 million.
For the Santa Barbara Real Estate area West of State St for the first eight months of 11 there have been 38 sales with a $432,000 median sales price compared to 53 sales last year with a $495,000 median sales price. The average sales price has risen from $517,603 to $523,473 but the sales price to original list price ratio has fallen from 93% to 92%. The numbers of escrows is down only slightly however from 56 to 54 with the median list price on those escrows going down from $507,000 to $429,000. The numbers of new listings is down from 95 with a median list price of $499,100 to 81 with a median list price of $469,000. Right now there are 30 condos available for purchase with a median list price of $554,450 and an average list price of $690,959.
For the Santa Barbara Real Estate area of East of State St for the first eight months of 11 compared to 10 there have been 141 Home Estate/PUD purchases compared to 151 last year and the median sales price fell from $950,000 last year to $915,000 this year. The average sales price went down from $1.173 million to $1.011 million but the sales price to original list price ratio rose slightly from at 86% to 94%. The numbers of escrows rose however from 153 with a median list price of $995,000 to 170 with a median list price of $949,000. The numbers of new listings went up slightly from 319 with a median list price of $1.15 million to 335 with a median list price of $995,000. Right now there are 130 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.072 million and an average list price of $1.5 million.
For the Santa Barbara Real Estate area of East of State St for the first eight months of 11 compared to 10 for the condo market there were 33 sales this year with a median sales price of $517,000 and last year there were 48 with a median sales price of $471,000. The average sales price went up however from $578,677 to $584,463 but the sales price to original list price ratio sale solid rising slightly from 89% to 91% 90%. This year the escrows are 50 with a median list price of $517,000 and last year there were 45 escrows with a median list price of $519,950. There have been 94 new listings this year up from 80 last year and the median list price has dropped slightly from $599,000 last year to $549,995 this year. Right now there are 44 condos available for purchase on the East Side of Santa Barbara with a median list price of $565,500 and an average list price of $728,972.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first eight months of 11 compared to 10 the sales are up from 86 to 105 for Home Estate/PUDs but the median sales price is down with $2.412 million last year and $2.16 million this year. The average sales price is down a little further however going from $2.412 million last year to $2.16 million this year. The numbers of escrows is up from 94 to 120 but the median list price on those escrows is down from $2.69 million in 10 to $2.322 million in 11. The sales price to original list price ratio is hovering right around 84% which is up from where it was last year at this time. The numbers of new listings is up slightly rising from 270 with a median list price of $2.822 million to 275 listings this year with a median list price of $2.695 million. Right now there are 170 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.49 million and an average list price of $5.587 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first eight months of 10 there 14 condos sales compared to this year when there were 13. The median sales price has risen from $1,022,500 to $1,100,000 and the average sales price has gone down from $1,180,785 to $1,131,346. The sales price to original list price ratio has gone down from 88% last year to about 78% this year and the numbers of new listings has gone down from 39 with a median list price of $1.15 million to 30 with a median list price of $949,250. Right now there are 20 condos available for purchase with a median list price of $1.174 million and an average list price of $1.434 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real EstateEstate for the first 8 months of 11 compared to 10 the sales are up by 9 with 59 this year compared to 50 last year and the median sales price is also up from $675,000 last year to $710,000 this year. The average however is down from $1.228 million in 10 to $928,905 in 11. The numbers of escrows is up however from 43 last year with a median list price of $659,000 to 65 this year with a median list price of $700,000. The sales price to original list price ratio is way up to about 91%. Right now there are 51 Home Estate/PUDs available for purchase with a median list price of $1.225 million and an average list price of $3.71 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate for the first eight months of 11 compared to 10 the sales are down from 42 to 40 and the median sales price is down from $438,710 to $359,450. The average sales price is up however from $438,710 to $511,852 but the sales price to original list price ratio is up from 92.22% to 93.67%. The numbers of escrows is up from 41 to 43 but the median list price on those escrows is down from $409,900 to $369,000. There are substantially fewer new listings this year with 65 compared to 92 last year but the median list price on those new listings is down from $409,900 to $369,000. Right now there are 20 condos available for purchase in Carpinteria/Summerland with a median list price of $439,000 and an average list price of $498,505.
For Goleta Real Estate North area for the Home Estate/PUD market through August 22 there are currently 92 properties available for purchase with an average list price of about $1.261 million. The highest price property is listed at $14.5 million while the least expensive home can be had for $240,000 giving us a median list price for the area of $849,000.
There are 36 homes in escrow in the area with an average list price of about $961,112. The most expensive home in escrow is listed at $8 million while the least expensive property in escrow is on the market for about $399,000 giving us a median list price of homes in escrow in Goleta South of $599,000.
Through August 22 there have been 107 sales with an average sales price of about $800,960. The highest priced listing sold for $3.05 million while at the other end of the scale is a property selling for $85,000 giving us a median sales price through August 22 of $660,000.
For the condo market in Goleta Real Estate North through August 22 there are just 17 properties available for purchase with an average list price of about $369,505. The highest priced listing is on the market for $615,000 while at the other end of the scale is one listed for about $121,500 giving us a median list price of available properties of $390,000.
Right now there are 11 condos in escrow with an average list price of $337,609. The most expensive property in escrow is listed for $615,000 while the least expensive condo is listed at $85,000 giving us a median list price on the 11 properties in escrow of $349,000
Through August 22 there have been 18 condo sales with an average sales price of $386,316. The most expensive condo sold for $627,000 while the least expensive condo sold for $180,000 giving us a median sold price through August 22 of $360,000.
For Goleta Real Estate South area for the Home Estate/PUD market through August 22 there are currently 36 properties available for purchase with an average list price of about $1,089,300. The highest price property is listed at $7.95 million while the least expensive home can be had for $399,000 giving us a median list price for the area of $799,000.
There are 23 homes in escrow in the area with an average list price of about $701,813. The most expensive home in escrow is listed at $1.685 million while the least expensive property in escrow is on the market for $429,000 giving us a median list price of homes in escrow in Goleta South of $589,900.
Through August 22 there have been 48 sales with an average sales price of about $679,823. The highest priced listing sold for $1.45 million while at the other end of the scale is a property selling for $345,000 giving us a median sales price through August 22 of $590,000.
For the condo market in Goleta Real Estate South through August 22 there are 36 properties available for purchase with an average list price of about $344,656. The highest priced listing is on the market for $675,000 while at the other end of the scale is one listed for about $189,000 giving us a median list price of available properties of $285,000.
Right now there are 15 condos in escrow with an average list price of about $357,146. The highest priced condo in escrow is listed for about $495,000 while the least expensive condo in escrow is listed at $219,900 giving us a median list price of condos in escrow of just under $350,000.
Through August 22 there have been 29 condo sales with an average sales price of $383,518. The most expensive condo sold for $645,000 while the least expensive condo sold for $196,200 giving us a median sold price through August of $365,000.
For Hope Ranch Real Estate for Home Estate/PUDs through August 22 there are 27 properties available in the area with an average list price of about $4.569 million. The most expensive listing is on the market for $24.5 million while at the other end of the scale is one listed at $1.325 million giving us a median list price for the area of about $2.995 million.
Right now there are 2 properties in escrow with an average list price of $1,449,500. The most expensive home in escrow is listed for $7.2 million while at the other end of the scale theres a property listed for $1.399 million giving us a $1.399 million median list price for homes currently in escrow.
Through August 22 there have been 18 homes sold in Hope Ranch with an average sales price of about $2.619 million. The most expensive sale was for $7.2 million while the least expensive sale was for $1.1 million giving us a median sales price through August 22 of $1.95 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 22 there are currently 67 Home Estate/PUDs available for purchase with an average list price of $1.223 million The most expensive property on the market can be had for about $6.999 million while at the other end of the scale is one listed for $338,400 giving us a median list price for the area of $900,000.
There are 44 properties currently in escrow with an average list price of $782,197. The most expensive property in escrow right now is listed for $2.175 million while at the other end of the scale is one listed at just $250,000 giving us a median list price of homes in escrow of $695,000.
So far in 11 there have been 121 home sales in the area with an average sales price of $832,941. The highest priced sale was for about $4.825 million while at the other end of the scale is one that sold for $245,000 giving us a median sales price for the year of $690,000.
For the Condo market on the West Side of Santa Barbara Real Estate through August 22 there are 30 properties available for purchase with an average list price of about $691,110. The highest priced listing in the area is on the market for $1.997 million while the least expensive condo can be had for $264,000 giving us a median list price for the area of $549,000.
There are 19 condos currently in escrow in the area with an average list price of about $451,044. The highest priced listing currently in escrow is on the market for $1,200,000 while at the other end of the scale is a property listed at $259,600 giving us a median list price for condos in escrow of about $399,000.
Through August 22 there have been 36 sales with an average sales price of $526,583. The highest priced condo sale was for $1.35 million while the least expensive sale was for $273,000 giving us a median sales price of $425,000.
For the East of State St area of Santa Barbara Real Estate through August 22 there are currently 140 Home Estate/PUDs available for purchase in the area with an average list price of $1.5 million. The highest priced listing is on the market for $13.95 million while the least expensive property is listed for $314,900 giving us a median list price of about $1.049 million.
There are currently 32 homes in escrow in the area with an average list price of about $1,055,418. The highest priced listing in escrow is on the market for $4.2 million while the least expensive property is listed at just $299,000 giving us a median list price for homes in escrow of $875,000.
Through August 22 there have been 136 sales in the area with an average sales price of $1.015 million. The highest priced sale went out for $2.795 million while the least expensive property sold for just $300,000 giving us a median sales price of $915,000.
The condo market for the East Side of Santa Barbara Real Estate through August 22 there are 46 properties available for purchase with an average list price of about $726,279. The most expensive condo listed in the area is on the market for $3.795 million while the least expensive condo is listed for $285,000 giving us a median list price for the area of $560,000.
There are 21 condos in escrow right now with an average list price of about $556,403. The most expensive property currently in escrow is listed for $1,595,000 while the least expensive property is listed at $234,300 giving us a median list price of condos in escrow of $429,990.
This year through August 22 there have been 29 condo sales with an average sales price of $594,479. The highest priced sale was for $1,360,000 while the least expensive condo sold for $368,500 giving us a median sales price for the area of $520,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through August 22 there are currently 184 Home Estate/PUDs for sale with an average list price of about $5.35 million. The most expensive listing is on the market for $29.5 million while at the other end of the scale you can get a home in Montecito for just $894,900 giving us a median list price for the area of about $3.395 million.
With all those listings we have 22 homes in escrow right now with an average list price of $1.993 million. The highest priced property in escrow is listed for $4.15 million while the other end shows us a property in escrow listed for just $741,600 giving us a median list price for homes in escrow of about $1.595 million.
Through August 22 there have been 99 sales with an average sales price of about $2.784 million. The highest priced sale through that time sold for $10.75 million while the least expensive home sold for just $720,000 giving us a median sales price for the area of about $2.22 million.
For the Condo market in Montecito Real Estate there are currently 20 available with an average list price of about $1.44 million. The most expensive condo in Montecito right now can be had for $3.995 million while the least expensive condo is listed for $569,000 giving us a median list price of about $1.15 million.
Right now there are 2 properties in escrow. The most expensive condo in escrow is listed for $1.299 million and the other property is listed for $549,000.
There have been 13 condo sales this year with an average sales price of about $1.131 million. The most expensive condo sold for $2,650,000 while the least expensive property went out at $530,000 giving us a median sales price thus far in 11 of $1.1 million.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through August 22 there are 56 properties available for sale in the area with an average list price of $3.265 million. The highest priced listing is on the market for $25.5 million the least expensive property can be had for just under $387,651 giving us a median list price of about $1.195 million.
In escrow currently there are 10 homes in escrow with an average list price of $841,867. The most expensive listing in escrow is on the market for $1.35 million while the least expensive property in escrow is listed at $455,673 giving us a median list price for properties in escrow of $819,000.
Looking at Sold properties through August 22 there have been 54 sales with an average sales price of $933,951. The most expensive property sold for $6.6 million and the least expensive home closed at $330,199 giving us a median sales price of $700,000
For the condo market in Carpinteria Real Estate/Summerland Real Estate there are currently 21 properties available with an average list price of $482,529. The highest priced listing is on the market for about $999,500 while the lowest priced property is listed at $190,000 giving us a median list price of $429,000.
In escrow right now there are 13 properties with an average list price of about $377,999. The highest priced property in escrow is listed for $975,000 while the least expensive property in escrow is being marketed at $190,000 giving us a median list price of properties in escrow of $316,323.
Through August 22 there have been 38 sales with an average sales price of $506,584. The most expensive condo sold for $2.3 million while the least expensive condo sold for $195,000 giving us a median sold price for the area of $359,000.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through August 14 there have been 70 listings compared to 51 last year for a 37% rise. The escrows are up from 27 to 40 for a 48% rise and the sales are up from 28 to 32 for a 14% rise. Also the average sales price is up from $367,182 to $387,095 for a 5% rise.
For Home Estates in the Santa been Barbara Real Estate area of Goleta Real Estate South through August 14 there have 144 listings up from 126 for a 14% rise. The numbers of escrows is down however from 67 to 58 for a 13% decline while the sales are down from 67 to 43 for a 35% fall. The average sales price is also down from $735,623 to $689,605 for a 6% fall.
Through August 14 for the PUD market there were 10 listings last year compared to 9 this year and the escrows are up from 2 to 6 however with sales up from 0 to 3 with an average sales price of $619,500.
The Condo market for the Hope Ranch Real Estate area of Santa Barbara real estate saw no activity.
For Home Estates in the Santa Barbara Real Estate area of Hope Ranch Real Estate through August 14 there have been 62 listings compared to 57 last year for an 8% rise. The escrows are up from 10 to 21 for a 110% rise. There have been 17 sales this year compared to 12 last year with the average sales price dropping from $3,389,521 last year to $2,676,765 for a 21% decline.
The PUD market for the Hope Ranch area of Santa Barbara real estate saw no activity.
The Condo market for the West of State St area Santa Barbara Real Estate the total numbers of listings through August 14 is 111 down from 129 last year down for a 13% decline. The numbers of escrows are down from 56 to 51 for a 8% drop and the sales are down from 51 to 35 for a 31% drop. The average sales price is up however from $521,196 to $560,771 for a 7% rise.
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 14 there have been 286 listings compared to 310 last year for a 7% fall. The numbers of escrows are up however going from 136 to 145 for a 6% rise and the numbers of sales has gone up from 120 to 123 for a 2% rise. The average sales price is down however from $981,275 last year to $857,176 for a 12% decline.
The PUD market for the Santa Barbara area of West of State St there have been 6 listings this year compared to 6 last year and 2 escrows was opened this year compared to none last year. There was 1 sale last year for $865,000 while there were 2 sales this year for a $753,000 this year.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through August 14 is 125 up from 112 last year for a 11% rise. The numbers of escrows are down however from 43 to 45 and the numbers of sales are down from 46 to 27 for a 41% drop. The average sales price on those 27 sales was $595,644 while the 46 sales this year had an average sales price of $590,141 for 0% change.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through August 14 there have been 448 down from 465 for a 3% decline. The escrows are up however with 165 last year to 173 this year for a 4% rise but the sales are down from 151 to 141 for a 1% drop. The average sales price has also gone down from $1,211,386 to $1,036,437 for a 14% drop.
For the PUD market on the East Side of Santa Barbara there have been 14 listings this year compared to 10 last year and the escrows are up from 0 to 8 and there have been 8 sales this year compared to 1 last year with the average sales price up from $531,000 last year to $894,056 this year.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through August 14 is 52 compared to 55 last year for a 5% decline but the escrows are up from 11 to 18 for a 38% rise. There were 13 sales last year compared to 14 this year and the average sales price has gone up from $1.199 million to $1.271 million for a 5% rise.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through August 14 there have been 463 listings compared to 473 last year for a 2% decline. But the escrows are up from 95 to 125 for a 31% rise and the sales are also up from 85 to 108 for a 27% raise. The average sales price is down however from $3.797 million to $2.880 million for a 24% fall.
For the PUD market in Montecito there have been 4 listings this year compared to 10 last year and the escrows have fallen from 5 last year to 0 this year. The sales are also down from 3 to 0 with those 2 PUD sales last year selling on average for $1.453 million.
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through August 14 there have been 91 listings this year compared to 119 for a 23% decline but escrows are up from 41 to 42 for a 2% increase. Sales are down however from 40 to 35 for a 12% decline but the average sales price is up from $443,055 to $521,491 for a 17% rise.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through August 14 have been 174 compared to last year when there were 189 for a 7% decline. The numbers of escrows are up from 37 last year to 52 for a 40% rise this year and the numbers of sales are up with 45 in 10 compared to 50 in 11 for an 11% rise. The average sales price is down however from about $1.172 million last year to $1.041 million this year for a 11% decline.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through August 14 there have been 8 listings this year compared to 3 last year and the escrows are up from 0 to 6 with the sales also up from 1 to 5. Those 5 sales on average had a $643,000 price down from $905,000 the year before.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of July 7 to August 7 there were 21 sales this year with a median sales price of $660,000 and an average sales price of $737,431. Last year there were 13 sales with a median sales price of $642,000 and an average sales price of $698,730. There were 19 escrows opened this year with a median list price of $710,000 and last year there were 14 escrows opened with a median list price of $632,000. Right now there are 91 Home Estate/PUDs available for purchase in Goleta North with a median list price of $859,000 and an average list price of $1,249,802.
For the condo market in Goleta Real Estate North for the same period there were 3 sales this year with a $260,000 median sales price and a $258,333 average sales price compared to 6 sales last year with a median sales price of $391,750 and an average sales price of $392,000. This year there was 5 opened escrows with a median list price of $285,000 and last year there were 2 escrows opened with a median list price of $506,500. Right now there are 17 condos available for purchase in Goleta North with a median list price of about $405,000 and an average list price of about $394,165.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from July 7 to August 7 there were 12 sales this year with a median sold price of $583,000 and an average sales price of $692,210. Last year there were 11 sales with a median sales price of $850,000 and an average sales price of $875,227. This year there were 8 escrows opened with a median list price of $566,950 and last year there were 8 escrows opened with a median list price of $923,500. Right now there are 37 Home Estate/PUDs available for purchase in Goleta South with a median list price of $829,000 and an average list price of $1,100,491.
For the condo market in Goleta Real Estate South for the same period there were 4 sales this year with a median sales price of $480,000 and an average sales price of $486,250. Last year there were 3 sales with a median sales price of $295,000 and an average sales price of $294,833. This year 6 escrows were opened with a median list price of $340,000 and last year 2 escrows were opened with a median list price of $387,000. Right now there are 17 condos available for purchase with a median list price of $295,000 and an average list price of $340,411.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of July 7 to August 7 there were 2 sales this year compared to 1 last year. The median & average sales price on those 2 sales is $3 million and for that 1 sale last year the sales price was $1,020,000. There were 3 escrows opened this year with a median list price of $1.5 million and last year there were no opened escrows. Right now there are 23 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.395 million and an average list price of $5.033 million.
For the Santa Barbara Real Estate areas of Hope Ranch Real Estate for Condominiums there was no activity.
For the Santa Barbara Real Estate area of West of State St for Home Estate/PUDs for the period of July 7 to August 7 there were 15 sales with a median sales price of $650,000 and an average sales price of $681,236. Last year there were 19 sales with a median sales price of $700,000 and an average sales price of about $941,365. For the same time period there were 25 opened escrows this year with a median list price of about $629,000 and last year there were 14 opened escrows with a median list price of $964,350. Right now there are 68 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $867,000 and an average list price of $1.217 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 sold price of $420,000 and an average sales price of about $514,200. Last year there were 8 sales with a median sales price of $508,750 and an average sales price of $600,622. This year 8 escrow opened with a median list price of $454,000 and last year there were 4 escrows opened with a median list price of $489,000. Right now there are 32 condos available for purchase on the West Side of Santa Barbara with a median list price of $509,750 and an average list price of $675,481.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 22 sales from July 7 to August 7 with a median sold price of $847,500 and an average sold price of $852,097. Last year there were 23 sales with a median sold price of $875,000 and an average sold price of $1,006,069. During that same time period there have been 17 opened escrows with a median list price of $989,900 and last year there were 19 escrows opened with a median list price of $849,000. Right now there are 136 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.191 million and an average list price of $1.579 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there have been 7 sale this year compared to 6 last year. The median sales price on those 7 is $775,000 and the average sales price is $766,142. Last year there were 6 sales with a median sales price of $500,000 and average sales price of $627,833. This year 15 escrows were opened this year with a median list price of $535,000 and last year there were 6 opened escrows with a median list price of $524,500. Right now there are 51 condos available for purchase on the East Side of Santa Barbara with a median list price of $565,000 and an average list price of $750,846.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 18 sales from July 7 to August 7 compared to 14 last year and the median sales price went down from $3.312 million last year to $1.793 million this year. The average sales price also went down from $3.636 million last year to $3.09 million this year. This year there have been 14 escrows opened with a median list price of $1.887 million and last year there were also 11 escrows opened with a median list price of about $2.25 million. Right now there are 190 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.322 million and an average list price of $5.159 million.
For the Condo market in Montecito Real Estate for the same period there were 2 sales this year with a $1.397 million median & average and last year there were 2 sales with a median & average sales price of $1,292,500. There were 7 escrows opened this year with a $1.295 median list price and last year there were 2 escrows opened with a $912,450 median list price. Right now there are 16 condos available for purchase in Montecito with a median list price of $1.262 million and average list price of $1.565 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 July 7 to Aug. 7 there were 9 sales this year compared to 8 last year and the median sales price on those 9 was $575,000 and last year the median sales price on the 8 was $555,000. The average sales price was up from $588,875 last year to $659,051 this year. There were 7 opened escrows this year with a median list price of $560,000 compared to 6 last year with a median list price of $666,500. Right now there are 60 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,237,000 and an average list price of about $3.26 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 4 last year and the median sales price went up from $350,000 to $539,900. The average sales price also went up from $347,500 to $1,034,966. This year there were 7 escrows opened with a median list price of $449,000 and last year there were 3 escrows opened with a median list price of $449,000. Right now there are 23 condos for sales in Carpinteria/Summerland with a median list price of $435,000 and an average list price of $483,820.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 11 for the Home Estate/PUD market there have been 93 sales compared to 102 last year. The median sales price has fallen from $732,448 in 10 to $672,000 in 11 with the average sales price going down from $871,321 last year to $817,458 this year. The escrows are up however from 106 last year to 115 this year but the median list price on those escrows is down from $731,950 in 10 to $679,000 in 11. Right now there are 88 Home Estate/PUDs available for purchase in Goleta North with a median list price of $894,500 and an average list price of $1.279 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first seven months of 11 for the condo market there have been 16 sales down from 26 last year. The median sales price is down going from $405,000 in 10 to $362,500 in 11. The average sales price is up slightly however going from $405,000 in 10 to $362,500 in 11. The numbers of escrows is down falling from 29 last year to 21 this year while the median list price on those escrows is down from $419,000 last year to $349,000 this year. Right now there are 15 condos available for purchase in Goleta North with a median list price of $389,900 and an average list price of $375,620.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 7 months of 11 for the Home Estate/PUDs market there have been 41 sales compared to 61 last year but the median sales price has dropped from $665,000 last year to $600,000 this year. The average sales price has also declined from $732,897 last year to $689,671 this year but the numbers of escrows is up by 3 rising from 55 in 10 to 58 in 11. While the median list price on those escrows has dropped from $729,000 to $566,950. Right now there are 34 Home Estate/PUDs available for purchase in Goleta South with a median list price of $812,000 and an average list price of $913,652.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first seven months of 11 for the condo market there have been 28 sales compared to 27 last year and the median sales price has gone up from $355,000 last year to $362,000 this year. The average sales price has also gone up from $367,892 in 10 to $384,180 in 11. The numbers of escrow has risen dramatically from 27 last year to 35 this year with the median list price on those escrows going up from $339,900 last year to $350,000 this year. Right now there are 19 condos available for purchase in Goleta South with a median list price of $295,000 and an average list price of $340,373.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 11 for the Home Estate/PUD market there have been 14 sales compared to 11 last year. The median sales price has also gone down from $2.975 million last year to about $1.92 million this year with the average sales price dropping from $3.6 million last year to $2.718 million this year. The numbers of escrows is also up from 10 to 18 with the median list price on those escrows rising from $1.872 million last year to $1.995 million this year. Right now there are 28 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.372 million and an average list price of $4.64 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 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 July 2011 was a significant month in that it marked the third month in a row that there were 90 or more sales and it was the first month of the year that sales surpassed the 2010 mark. But, while the sales increased to 94 for the month the median sales price declined from $862,500 in June to $827,000 in July. The average sales price remained stable however going from $1,299,018 in June to $1,226,920 in July.
The numbers of escrows declined a bit in July but still came in right around the mid 90s for the month down from 110 in June and the median list price on those escrows went down a little from $797,000 in June to $749,000 in July. But, despite falling from the previous month, escrows remained over 16% ahead of where they were last year at this time.
The inventory increased in July finishing the month with about 575 Home Estate/PUDs available for purchase from Carpinteria to Goleta and the median list price on that inventory remained stable at about $1.5 median with a $2.8 million average.
The price range break out for sales remained at about the same ratio that we experienced in June with 55 sales below a million in July up from 54 in June and 29 sales from $1 to $2 million up from 25 in June. For the above $2 million range there were10 sales for both months with 3 of those sales topping the $5 million mark.
Looking at the Districts, Carpinteria/Summerland sales are up 17% from 39 to 46 and the median sales price is up from $675,000 to $716,250. The numbers of escrows are also way up going from 33 to 52 with the median list price on those escrows rising from $625,000 last year to $749,000 this year.
For Montecito sales are up by 25% going from 79 to 99 with the median sales price dropping from $2.492 million to $2.227 million. Escrows are up 34% going from 87 to 118 but the median list price on those escrows is down from $2.75 million to $2.295 million.
East of State St sales are down 1% going from 142 to 140 and the median sales price is down from $975,000 to $915,000. The escrows are up by 12% however going from 152 to 171 with the median list price on those escrows dropping from $995,000 last year to $959,000 this year.
West of State St sales are up 4% from 112 to 117 but the median sales price is down from $800,000 to $701,000. The numbers of escrows are about equal for both years with 131 in 10 and 134 in 11 but the median list price on those escrows is down from $824,000 to $717,000.
Hope Ranch sales are up from 11 to 15 but the median sales price is down from $2.975 million to $1.925 million. The numbers of escrows are also up from 10 to 20 and the median list price on those escrows is up from $1.87 million to just under $2 million.
Goleta South sales are down 39% from 64 to 39 and the median sales price is down $665,000 to $600,000. The numbers of escrows are also down from 60 to 57 with the median list price on those escrows declining from $729,000 to $574,900.
Goleta North sales are also down from 98 to 90 with the median sales price dropping from $732,448 to $666,000. The numbers of escrows are up however from 104 to 116 with the median list price on those escrows falling from $731,950 to $685,000.
With the escrows continuing to mount, the second half of 2011 should see sales push significantly past the numbers that we saw in 2010. The median sales price remains slightly behind the previous year however with about a 2% drop to a $839,950 median down from $857,500 and when you take Montecito and Hope Ranch out of the mix the median sales price drops by about 8% coming in a $728,250 through July 2011 falling from $793,325 July 2010.
For the condo market July marks the 4th month in a row that the numbers of sales have increased. It also marks the highest median sales price that weve seen in the last 12 months rising to $551,450 from $439,500 in June and $375,000 in May. The numbers of opened escrows also took a big leap forward with 47 for the month up from 36 in June and only 15 in May. But, the median list price on those opened escrows remained at about the same level weve seen in the previous months with a $449,000 median in July, $447,495 in June and $420,000 in May.
At this point in the year escrows are only 8 behind where they were last year but the median list price on those escrows is down from $469,350 in 2010 to $425,000 in 2011. With escrows surging sales still lag significantly dropping from 193 in 2010 to 141 in 2011, but despite the lack of sales the median sales price is down only slightly going from $435,000 last year to $420,000 this year and the average sales price is actually ahead of the previous year rising from $523,548 to $535,272.
That increase in the average sales price is due to condo sales in the upper end starting to move forward particularly in Montecito but there have also been higher priced sales in Carpinteria and both the East and West Sides of Santa Barbara.
Looking at the Districts, Carpinteria/Summerland sales are down from 39 to 34 with the median sales price falling from $386,500 to $359,950. The numbers of escrows are even however 39 in both years. But, the median list price on those escrows is down from $404,450 to $374,000.
Montecito condo sales are down from 12 to 10 with the median sales price up
from $1,062,500 to $1,200,000. But, the numbers of escrows are up from 12 to 15 with the median list price on those escrows up from $1,062,500 to $1,297,000.
East of State St sales are down 47% from 44 to 23 with the median sales price rising from $467,000 to $517,500. The numbers of escrows are also down but only by a little going from 40 to 39 with the median list price on those escrows up from $519,725 last year to $550,000 this year.
West of State St sales are down 31% from 47 to 32 with the median sales price falling from $498,000 to $425,000. The escrows are also down from 55 to 45 with the median list price on those escrows falling from $507,000 to $429,000.
Goleta South sales are up by 14% from 27 to 31 with the median sales price up just a little from $355,000 to $362,000. The numbers of escrows are up 33% from 27 to 36 with the median list price on those escrows up from $339,900 to $355,950.
Goleta North sales are down 30% from 26 to 18 with the median sales price down from $405,000 to $362,000. The escrows are also down from 31 to 22 with the median list price on those escrows falling from $419,000 to $349,500.
With Home sales surpassing the numbers we saw last year and condo escrows starting to mount the second half of 2011 looks like it will be strong. Im particularly encouraged by the increase in the numbers of sales from $1 to $2 million in the home market which will bring the overall median sales price up.
Also encouraging is the increase in condo sales that weve seen for the last 4 months and when you couple it with the rise in the median sales price of condos things should really start to move forward in that sector.
The questions that remain are first, what is going to happen with interest rates particularly if the US Treasuries get downgraded and second, what about that significant ghost inventory of homes and condos that are either in foreclosure or pre-foreclosure. But, whatever occurs in those areas the Santa Barbara Real Estate market still looks stronger than whats going on in the rest of the country.
Gary Woods
For the Santa Barbara Real Estate area West of State St for the first seven months of 11 for the Home Estate/PUD market there have been 110 sales compared to 105 last year but the median sales price has fallen from $800,000 last year to $701,000 this year. The average sales price has gone down even further rising from $954,524 last year to $855,216 this year. The numbers of escrows have also gone up from 120 in 10 to 126 in 11 with the median list price on those escrows falling from $824,000 to $712,000. Right now there are 77 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $859,000 and an average list price of $1.186 million.
For the Santa Barbara Real Estate area West of State St for the first seven months of 11 for the condo market there have been 32 sales with a median sales price of about $425,000 compared to last year when there were 46 sales with a median sales price of $498,000. The average sales price has gone up from $525,695 in 10 to $532,031 this year. The numbers of escrows is also down from 52 to 46 while the median list price on those escrows is down from $507,000 last year to $429,000 this year. Right now there are 30 condos available for purchase on the West Side of Santa Barbara with a median list price of $534,000 and an average list price of $702,221.
For the Santa Barbara Real Estate area of East of State St for the first seven months of 11 there have been 127 sales down from 131 last year. The median sales price is also down from $975,000 last year to $915,000 this year with the average sales price going down from $1.225 million last year to $1.019 million this year. The escrows are way up however from 137 last year to 152 this year with the median list price of those escrows going down from about $995,000 last year to about $959,000 this year. Right now there are 133 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.195 million and an average list price of $1.6 million.
For the Santa Barbara Real Estate area of East of State St for the first seven months of 11 there have been 23 sales compared to 43 last year but the median sales price has gone up from $467,000 last year to $517,500 this year. The average sales price has also gone up from $576,662 last year to $587,934 this year. The numbers of escrows are down from 38 in 10 to 37 in 11 with a the median list price on those escrows going up from $519,725 in 10 to $550,000 in 11 Right now there are 53 condos available for purchase on the East Side of Santa Barbara with a median list price of $560,000 and an average list price of $741,172.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven months of 11 there have been 90 sales compared to 72 last year and the median sales price has fallen from $2.492 million to about $2.227 million. The average sales price has also gone down from $3.892 million last year to $2.227 million this year. The numbers of escrow is up however from 80 to 104 while the median list price on those escrows is down falling from $2.75 million last year to $2.272 million this year. Right now there are about 180 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.475 million and an average list price of $5.2 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first seven month of 11 there have been 8 sales this year compared to 12 last year but the median sales price is up from $1,062,500 last year to $1.2 million this year. The numbers of escrows are down from 10 when there were 12 to 11 this year with the median list price on those escrows going up from about $1,062,000 last year to $1.299 million this year. Right now there are 20 condos available for purchase in Montecito with a median list price of $1.072 million and an average list price of $1.443 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 7 months of 11 the sales are up by about 15% to 46 compared to 40 last year and the median sales price has gone up $675,000 to $723,750. The average sales price is down however from $1.251 million to $988,193 this year and the pending sales are up from 33 last year to 43 this year with the median list price on those pended sales rising to $749,000 in 11 from $625,000 in 10. Right now there are 59 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.275 million and an average list price of $2.927 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate Real Estate for the first 7 months of 11 in the condominium market there have 34 sales compared to 39 last year and the median sales price is down slightly from $386,500 last year to $359,950,000 this year with the average ahead of where it was rising from $445,441 last year to about $530,000 this year. The numbers of escrow are up however from 36 to 40 with a median list price on those escrows falling from $404,450 last year to $374,000 this year. Right now there are 24 condos available for purchase in Carpinteria/Summerland with a median list price of $444,000 and an average list price of about $495,000.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through July 25 there have been 87 sales compared to 98 last year for a 11.2% drop. The median sales price fell from $979,000 to $672,000 for a 8.6% decline.
The gap between the median list price of $979,000 and the median sold price of $672,000 gives us a 31.4% gap whereas last year the median list price was $879,000 and when compared to the median sold price of $734,948 it gave us a 16.4% gap.
For the condo market in Goleta Real Estate North through July 25 there have been 16 sales compared to 23 last year for a 30.4% drop and the median sales price has gone down from $400,000 to $362,500 for a 9.4% drop.
The gap between the median list price of $389,900 and the median sold price of $362,500 gives us a 7.0% gap whereas last year the median list price was about $437,000 and when compared to the median sold price of $362,500 it gave us a gap or 8.5%.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through July 25 there have been 38 sales compared to 57 last year for a 33.3% decline and the median sales price went down from $650,000 last year to $595,000 for a 8.5% rise.
The median list price this year for $799,000 when compared to the median sold price of $595,000 gives us a -25.5% gap. Last year there was $849,000 median list price and when compared to the median sold price of $650,000 gave us a -23.4% gap.
For the condo market in Goleta Real Estate South through July 25 there were 27 sales this year compared to 27 last year and the median sales price was also stable at $355,000 for both years.
This year the median list price of $337,500 compared to the median sold price of $355,000 gave s a positive gap of +5.2%. Last year the median list price of $449,000 and the median sold price of $355,000 gave us a gap of -20.9%.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Home Estate/PUD market through July 25 there have been 13 sales compared to 11 last year for a 18.2% rise and the median sales price went down from $2,975,000 to $1,900,000 for a 36.1% fall.
The median list price of $3,247,000 this year and the median sold price of $1,900,000 gives us a -41.5% gap and last year the median list price of $3,295,000 and the median sold price of $2,975,000 gave us a -9.7% gap.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Condo market through April 19 there was no activity.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through July 25 there have been 108 sales compared to 104 last year for a 3.8% rise but the median sales price went down from $800,000 to $713,900 for a 10.9% fall.
The median list price of $877,000 this year and the median sold price of $713,900 gives us a -18.6% gap and last year the median list price of $898,000 and the median sold price of $800,000 gave us a -10.9% gap.
For Santa Barbara Real Estate area of West of State St area for the Condo market through July 25 there have been 32 sales compared to 45 last year for a 28.9% decline and the median sales price went down from $499,000 to $425,000 for a 14.8% fall.
The median list price of $579,000 this year and the median sold price of $425,000 gives us a -26.6% gap and last year the median list price of $555,000 and the median sold price of $499,000 gave us a -10.1% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through July 25 there have been 117 sales compared to last year when there were 124 sales for a 5.6% decline. The median sales price has also gone down from $1,002,500 last year to $915,000 this year for an 8.7% drop.
The gap between the median list price of about $1.147 million and the median sold price of $915,000 gives us a -20.2% gap whereas last year the median list price was also $1.147 million and when compared to the median sold price of $1,002,500 we get a
-16.5% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through July 25 there have been 19 sales compared to 42 last year for 54.8% decline and the median sales price has gone down from $458,500 last year to $450,000 this year for a 1.9% decline.
The difference between the median list price of $572,000 and the median sold price of $450,000 gives us a -21.3% gap. Whereas last year the median list price of $639,000 and the median sold price of $458,500 gave us a -28.2% gap.
For Santa Barbara Real Estates Montecito Real Estate area for the Home Estate/PUD market the sales figures through July 25 there have been 86 sales compared to 70 last year for a 22.9% rise. The median sales price last year was $2.492 million and this year its is $2.19 million for a 12.1% decline.
The difference between this years median list price of $3.125 million and the median sold price of $2.19 million gives us a -29.9% gap and last year the median list price of $3.25 million and the $2.492 million sales price gives us a -23.3% gap.
For the condo market in Montecito Real Estate through July 25 2011 there have been 8 sales compared to 12 last year for a 33.3% decline. The median sales price this year of $1,200,000 compared to last year when it was $1,062,500 gives us a 12.9% rise.
The gap report has a median list price this year of $995,000 and the $1,200,000 median sales price gives us a positive +20.6% gap and last year there was a $1.295 million median list price compared to a $1.062 million median sales price gave us a -18.0% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through July 25 there have been 46 sale compared to 39 last year for a 17.9% rise and the median sales price has gone up from $675,000 to $723,750 for a 7.2%
The gap between the median list price of about $1,295,000 and the median sales price of $723,750 is -44.1% whereas last year the median list price of $1.1 million and the median sales price of $675,000 gave us a -38.6% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through July 25 there have been 34 sales compared to 37 last year for a 8.1% decline while the median sales price went down from $391,200 last year to $359,950 this year for a -8.0% decline.
The gap between the median list price this year of $485,000 and the median sales price of $359,950 gives us a -25.8% difference where as last year the median list price was $464,500 and the median sales price was $391,200 for a -15.8% gap.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 11 to July 16, 2011 there have been 36 sales this year compared to 54 last year but the median sales price has gone from $645,000 last year to $602,500 this year. The average sales price has also gone down but just a little from $709,893 last year to $704,944 this year. Those 36 sales took on average 78 days to get an accepted offer and when you add in another 36 days of average escrow time you get a total average marketing time of 114 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 24 sales this year compared to 27 last year. The median sales price has gone down from $355,000 to $345,000. The average sales price has also gone down but just a little from $367,892 to $367,168. Those 24 sales on average took 69 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 119 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 11 to July 16, 11 there have been 13 sales compared to 11 last year. The median and average sales price has gone down from $2.975 million to $1.9 million this year and the average sales price declined from $3,604,931 to $2,642,692. Those 13 sales took on average 126 days to get an accepted offer and when you add in another 31 days of escrow time you get an average total marketing time of 157 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, July 16, 2011 there have been 104 sales compared to 97 last year. The median sales price has gone down from $800,000 last year to $716,000 this year and the average sales price has gone down from $937,413 last year to $868,017 this year. Those 104 sales took on average 86 days to get an accepted offer and when you add in another 46 days of escrow time you get an average total marketing time of 132 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 31 sales compared to 42 last year but the median sales price has dropped from $496,000 to $425,000. The average sales price has gone up however from $506,190 to $529,354. Those 31 sales took 63 days on average to get an accepted offer and when you add in another 51 days of escrow time you get a total marketing time of 114 days.
For the East of State St for Santa Barbara Real Estate from January 1, 2011 to July 16, 2011 there have been 113 sales compared to 121 last year. The median sales price has fallen from $975,000 last year to $920,000. The average sales price has also gone down from $1,244,102 last year to $1,046,581 this year. Those 113 sales took on average 79 days to get an accepted offer and when you add in another 38 days of average escrow time you can an average total marketing time of 117 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 19 sales compared to 42 last year. The median sales price has gone down from $458,500 last year to $450,000 this year. The average sales price has gone down from $559,202 last year to $540,763 this year. Those 19 sales took on average 92 days to get an accepted offer and when you add in another 45 days of average escrow period you get a total average marketing time of 137 days.
From 1/1/11 to 7/25/11 in Montecito Real Estate for the Home Estate/PUD market there have been 76 sales compared to 67 last year. The median sales price has come down a little from $2.485 million last year to $2.3 million this year while the average sales price went down from $3.926 million last year to $2.665 million. Those 76 sales took on average 116 days to get an accepted offer and when you add in another 34 days of average escrow time you get a total marketing time of 150 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 8 sales this year compared to 10 last year. The median sales price has gone up from $1,062,500 last year to $1,200,000 this year and the average sales price has also gone up from $1,218,600 to $1,251,250. Those 8 sales took on average 178 days to get an accepted and when you add in another 40 days of average escrow time you get an average of 218 days of total marketing time.
From January 1 11 to July 16 11 for Home Estate/PUD in Carpinteria Real Estate/Summerland Real Estate there were 44 sales compared to 39 in 10 and the median sales price has gone up from $675,000 last year to $723,750 this year. The average has gone down however, falling from $1.27 million last year to $997,429 this year. Those 44 sales took on average 85 days to get an accepted offer and when you add in another 51 days of escrow time you get a total of 136 days of total marketing time.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 31 sales this year compared to 36 last year. The median sales price has dipped from $393,100 to $355,000 and the average sales price has gone down just a little from $453,672 to $452,977. Those 31 sales took on average 82 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 132 days.
For Goleta Real Estate North area for the Home Estate/PUD market through July 11 there are currently 80 properties available for purchase with an average list price of about $1.26 million. The highest price property is listed at $8 million while the least expensive home can be had for $405,000 giving us a median list price for the area of $899,000.
There are 41 homes in escrow in the area with an average list price of about $760,000. The most expensive home in escrow is listed at $2.395 million while the least expensive property in escrow is on the market for about $393,000 giving us a median list price of homes in escrow in Goleta South of $667,000.
Through July 11 there have been 81 sales with an average sales price of about $828,705. The highest priced listing sold for $3.05 million while at the other end of the scale is a property selling for $393,000 giving us a median sales price through July 11 of $675,000.
For the condo market in Goleta Real Estate North through July 11 there are just 12 properties available for purchase with an average list price of about $376,566. The highest priced listing is on the market for $629,900 while at the other end of the scale is one listed for about $205,600 giving us a median list price of available properties of $385,000.
Right now there are 8 condos in escrow with an average list price of $309,040. The most expensive property in escrow is listed for $375,000 while the least expensive condo is listed at $198,000 giving us a median list price on the 7 properties in escrow of $299,900
Through July 11 there have been 13 condo sales with an average sales price of $416,284. The most expensive condo sold for $627,000 while the least expensive condo sold for $276,700 giving us a median sold price through July 11 of $370,000.
For Goleta Real Estate South area for the Home Estate/PUD market through July 11 there are currently 34 properties available for purchase with an average list price of about $945,697. The highest price property is listed at $2.695 million while the least expensive home can be had for $405,000 giving us a median list price for the area of $799,000.
There are 23 homes in escrow in the area with an average list price of about $664,460. The most expensive home in escrow is listed at $1.59 million while the least expensive property in escrow is on the market for $399,000 giving us a median list price of homes in escrow in Goleta South of $555,800.
Through July 11 there have been 32 sales with an average sales price of about $683,031. The highest priced listing sold for $1.425 million while at the other end of the scale is a property selling for $345,000 giving us a median sales price through July 11 of $600,000.
For the condo market in Goleta Real Estate South through July 11 there are 20 properties available for purchase with an average list price of about $329,844. The highest priced listing is on the market for $647,000 while at the other end of the scale is one listed for about $199,000 giving us a median list price of available properties of $302,000.
Right now there are 14 condos in escrow with an average list price of about $374,278. The highest priced condo in escrow is listed for about $639,000 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 $349,000.
Through July 11 there have been 24 condo sales with an average sales price of $367,168. The most expensive condo sold for $617,900 while the least expensive condo sold for $196,200 giving us a median sold price through July 11 of $335,000.
For Hope Ranch Real Estate for Home Estate/PUDs through July 11 there are 29 properties available in the area with an average list price of about $4.696 million. The most expensive listing is on the market for $24.5 million while at the other end of the scale is one listed at $1.399 million giving us a median list price for the area of about $3.395 million.
Right now there are 4 properties in escrow with an average list price of $2,648,750. The most expensive home in escrow is listed for $3.895 million while at the other end of the scale theres a property listed for $1.35 million giving us a $2.5 million median list price for homes currently in escrow.
Through July 11 there have been 13 homes sold in Hope Ranch with an average sales price of about $2.642 million. The most expensive sale was for $7.2 million while the least expensive sale was for $1.21 million giving us a median sales price through July 11 of $1.9 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 11 there are currently 71 Home Estate/PUDs available for purchase with an average list price of $1.142 million The most expensive property on the market can be had for about $6.999 million while at the other end of the scale is one listed for $250,000 giving us a median list price for the area of $800,000.
There are 35 properties currently in escrow with an average list price of $816,622. The most expensive property in escrow right now is listed for $2.175 million while at the other end of the scale is one listed at just $475,000 giving us a median list price of homes in escrow of $714,000.
So far in 11 there have been 98 home sales in the area with an average sales price of $876,084. The highest priced sale was for about $4.825 million while at the other end of the scale is one that sold for $245,000 giving us a median sales price for the year of $702,000.
For the Condo market on the West Side of Santa Barbara Real Estate through July 11 there are 31 properties available for purchase with an average list price of about $679,701. The highest priced listing in the area is on the market for $1.997 million while the least expensive condo can be had for $259,600 giving us a median list price for the area of $545,000.
There are 16 condos currently in escrow in the area with an average list price of about $447,187. The highest priced listing currently in escrow is on the market for $685,000 while at the other end of the scale is a property listed at $299,000 giving us a median list price for condos in escrow of about $429,000.
Through July 11 there have been 28 sales with an average sales price of $535,464. The highest priced condo sale was for $1.35 million while the least expensive sale was for $273,000 giving us a median sales price of $425,000.
For the East of State St area of Santa Barbara Real Estate through July 11 there are currently 128 Home Estate/PUDs available for purchase in the area with an average list price of $1.681 million. The highest priced listing is on the market for $13.95 million while the least expensive property is listed for $324,900 giving us a median list price of about $1.195 million.
There are currently 41 homes in escrow in the area with an average list price of about $997,089. The highest priced listing in escrow is on the market for $4.2 million while the least expensive property is listed at just $299,000 giving us a median list price for homes in escrow of $825,000.
Through July 11 there have been 107 sales in the area with an average sales price of $1.039 million. The highest priced sale went out for $2.795 million while the least expensive property sold for just $300,000 giving us a median sales price of $915,000.
The condo market for the East Side of Santa Barbara Real Estate through July 11 there are 56 properties available for purchase with an average list price of about $743,572. The most expensive condo listed in the area is on the market for $3.795 million while the least expensive condo is listed for $234,300 giving us a median list price for the area of $565,000.
There are 13 condos in escrow right now with an average list price of about $680,366. The most expensive property currently in escrow is listed for $1,399,000 while the least expensive property is listed at $379,990 giving us a median list price of condos in escrow of $563,000.
This year through July 11 there have been 17 condo sales with an average sales price of $510,558. The highest priced sale was for $950,000 while the least expensive condo sold for $368,500 giving us a median sales price for the area of $420,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through July 11 there are currently 180 Home Estate/PUDs for sale with an average list price of about $5.326 million. The most expensive listing is on the market for $25 million while at the other end of the scale you can get a home in Montecito for just $875,000 giving us a median list price for the area of about $3.35 million.
With all those listings we have 26 homes in escrow right now with an average list price of $2.325 million. The highest priced property in escrow is listed for $7.495 million while the other end shows us a property in escrow listed for just $759,000 giving us a median list price for homes in escrow of about $1.75 million.
Through July 11 there have been 74 sales with an average sales price of about $2.684 million. The highest priced sale through that time sold for $7.9 million while the least expensive home sold for just $720,000 giving us a median sales price for the area of about $2.35 million.
For the Condo market in Montecito Real Estate there are currently 25 available with an average list price of about $1.315 million. The most expensive condo in Montecito right now can be had for $3.995 million while the least expensive condo is listed for $549,000 giving us a median list price of about $1.15 million.
Right now there are 2 properties in escrow. The most expensive condo in escrow is listed for $795,000 and the other property is listed for $559,900.
There have been 8 condo sales this year with an average sales price of about $1.25 million. The most expensive condo sold for $2,650,000 while the least expensive property went out at $530,000 giving us a median sales price thus far in 11 of $1.1 million.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through July 11 there are 58 properties available for sale in the area with an average list price of $2.584 million. The highest priced listing is on the market for $22.5 million the least expensive property can be had for just under $434,900 giving us a median list price of about $1.3 million.
In escrow currently there are 16 homes in escrow with an average list price of $835,135. The most expensive listing in escrow is on the market for $1.95 million while the least expensive property in escrow is listed at $462,264 giving us a median list price for properties in escrow of $749,000.
Looking at Sold properties through July 11 there have been 42 sales with an average sales price of $1,012,830. The most expensive property sold for $6.6 million and the least expensive home closed at $335,900 giving us a median sales price of $722,500
For the condo market in Carpinteria Real Estate/Summerland Real Estate there are currently 27 properties available with an average list price of $491,906. The highest priced listing is on the market for about $999,500 while the lowest priced property is listed at $190,000 giving us a median list price of $439,000.
In escrow right now there are 14 properties with an average list price of about $395,000. The highest priced property in escrow is listed for $1,095,000 while the least expensive property in escrow is being marketed at $190,000 giving us a median list price of properties in escrow of $305,000.
Through July 11 there have been 30 sales with an average sales price of $459,243. The most expensive condo sold for $2.2 million while the least expensive condo sold for $195,000 giving us a median sold price for the area of $353,500.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first 6 months of 11 there have been 73 sales compared to 84 in '10. The median sales price has also gone down from $734,948 last year to about $685,000 this year. The average sales price has gone up however from about $810,000 last year to approximately $835,000 this year. The numbers of escrow is slightly up from 94 last year to 98 this year with the median list price on those escrows dropping from $750,000 last year to $682,000 this year. Right now there are 80 Home Estate/PUDs available for purchase in Goleta North with a median list price of about $922,000 and an average list price of $1,285,488.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first six months of 11 there have been 12 sales down from 20 last year. The median sales price slid from $405,000 in '10 to $367,500 in '11. The average sales price is slightly up however rising from about $380,000 last year to approximately $404,000 this year. The numbers for escrows have fallen from 26 to 17 and the median list price on those escrows has gone down from $419,000 to $350,000. Right now there are just 13 condos available for purchase with a median list price of $405,000 and an average list price of just about $438,322.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 6 months of '11 there have been 30 sales compared to 51 in '10. The median sales price has dropped from $650,000 last year to $650,000 to $602,500 this year with the average sales price falling from about $712,000 in '10 to about $675,000 in '11. The nubmers of escrows is down slightly this year from 51 last year to 49 this year but the median list price on those escrows has dipped from $725,000 in '10 to $555,800 this year. Right now there are 35 Home Estate/PUDs available for purchase in Goleta South with a median list price of about $799,000 and an average list price of just over $950,000.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first six months there have been 23 sales compared to 25 last year and the median sales price has declined from $360,000 last year to $355,000 this year. The average sales price has also dipped from approximately $375,000 in '10 to just about $370,000 this year. The numbers of escrows are up however from 25 last year to 30 this year with the median list price on those escrows falling from $339,900 last year to $355,950 this year. Right now there are 22 condos avaiable for purchase in the Goleta South area with a median list price of $307,000 and an average list price of $312,513.
For the West of State St area of Santa Barbara Real Estate for the first 6 months there have been 89 sales this year compared to 86 last year. The median sales price has gone down from $813,750 in '10 to about $700,000 this year with the average sales price also dropping from $954,221 last year to $842,416 this year. The number of escrows are up from 104 in '10 to 108 in '11 but the median list price on those escrows has gone down from $849,950 last year to just under $740,000 this year. Right now on the West Side of Santa Barbara there are 77 Home Estate/PUDs available for purchase with a median list price of about $900,000 and an average list price of approximately $1.2 million.
For the West of State are of Santa Barbara Real Estate for the first six months in the condo market there have been 23 sales compared to 40 in '10 and the median sales price has dropped from $496,000 last year to $425,000 this year. The average sales price is up however going from $508,587 last year to $526,086 this year. The numbers of escrows is also down from 47 last year with a median list price of about $515,000 compared to this year when there have been 35 opened escrows with that same median list price of about $429,000. Right now there are about 39 Condos available for purchase on the West Side of Santa Barbara with a median list price of $520,000 and average list price of about $680,000.
For the Home Estate/PUD market for the greater Santa Barbara Real Estate area from Carpinteria Real Estate to Goleta Real Estate including Summerland Real Estate, Montecito Real Estate and Hope Ranch Real Estatefor the first 6 months of 2011 the numbers of sales in June fell back to 89 from 91 in May but they were up from 72 in April. The median sales price for June did go up however to $865,000 from $795,000 in May but down from $880,000 in April.
The rise in the median sales price was as a result of an increase in the numbers of sales between $1 and $2 million. Sales below $1 million remained the same with 54 for both May and June whereas sales from $1 to $2 million went up from 20 in May to 25 in June. Sales above $2 million fell back however going from 16 in May to 10 in June. But, there were 3 sales over $5 million in June compared to none in May.
The escrows in June continued moving forward with 113 for the month down a little from May when there were 117 and the median list price on those escrows slid back from $879,000 in May to $799,000 in June.
The year over year numbers are down a little with sales dropping from 435 in 10 to 429 in 11 and the median sales price dipped from $855,000 last year to $840,000 this year. There was a greater drop in the average sales price however going from about $1.46 million in 10 to $1.256 million in 11. But, the sales price to original list price ratio went up from 82% last year to over 87% this year.
Looking at the Districts, Carpinteria/Summerland sales are up 17% from 34 to 40 and the median sales price is up from $675,000 to $723,750. The numbers of escrows are way up going from 27 to 44 with the median list price on those escrows rising from $625,000 last year to $775,000 this year.
For Montecito sales are up by 28% going from 63 to 81 with the median sales price dropping from $2.48 million to $2.35 million. Escrows are up 36% going from 76 to 104 but the median list price on those escrows is down from $2.75 million to $2.29 million.
East of State St sales are down 7% going from 121 to 112 and the median sales price is down from $960,500 to $895,000. The escrows are up by 12% however going from 132 to 148 with the median list price on those escrows dropping from $1,012,000 last year to $949,000 this year.
West of State sales are up 10% from 90 to 99 but the median sales price is down from $813,750 to $701,000. The numbers of escrows are equal for both years with 114 but the median list price on those escrows is down from $849,950 to $739,000.
Hope Ranch sales are up from 10 to 13 but the median sales price is down from $3.23 million to $1.85 million. The numbers of escrows are also up from 10 to 17 and the median list price on those escrows is up from $1.87 million to just under $2 million.
Goleta South sales are down 43% from 53 to 30 and the median sales price is down $650,000 to $600,000. The numbers of escrows are also down from 56 to 47 with the median list price on those escrows declining from $725,000 to $555,800.
Goleta North sales are also down from 83 to 76 with the median sales price dropping from $734,948 to $675,000. The numbers of escrows are up however from 93 to 98 with the median list price on those escrows falling from $750,000 to $682,000.
Home sales for 2011 should surpass the 2010 numbers in the next few months but the median sales price is still trending downward. Montecito has experienced a strong year however and the median sales price in that area is keeping the rest the areas numbers from reflecting a stronger downward trend. Without Hope Ranch and Montecito in the mix the median sales price is down about 8% from 2010 to approximately $730,000.
For the condo market for the same period the numbers of sales continues to creep upward. There were 23 sales in June up from 19 in May and 17 in April. The good news is that the median sales price bounced back up from May to $439,000 in June after declining for the previous 4 months. The pending numbers were also very healthy in June with 39 opened escrows up from 20 in May and the median list price on those escrows also went up from $409,500 in May to $439,000 in June.
The sales price to original list price ratio fell for the month however from 93% in May to 85.52% in June but that was reflective of the fact that there were 2 sales over $1 million with one of those over $2.5 million.
Year over year the sales are still dramatically down going from 169 in 10 to 113 in 11 with the median sales price dropping from $435,000 last year to $406,000 this year. But, with the numbers of escrows starting to pick up the sales figures should start closing the gap with the previous years numbers.
The inventory for Condos the inventory remained steady with 167 properties available from Carpinteria to Goleta with a $529,000 median list price and a $700,840 average list price.
Looking at the Districts, Carpinteria/Summerland sales are down from 36 to 29with the median sales price falling from $393,100 to $359,900. The numbers of escrows are only down by 1 however so sales should start picking up in the area. But, the median list price on those escrows is down from $409,950 to $382,000.
Montecito condo sales are down from 10 to 8 with the median sales price down slightly from $1,062,500 to $995,000. The numbers of escrows are also down from 11 to 8 with the median list price on those escrows actually up from $1,075,000 to $1,345,000.
East of State St sales are down 56% from 39 to 17 with the median sales price dropping from $442,500 to $420,000. The numbers of escrows are also down from 35 to 27 with the median list price on those escrows actually up a bit from $519,250 last year to $545,000 this year.
West of State St sales are down 41% from 41 to 24 with the median sales price falling from $496,000 to $425,000. The escrows are also down from 50 to 34
with the median list price on those escrows falling from $515,000 to $429,000.
Goleta South sales are up by 2 from 25 to 27 with the median sales price down just a little from $360,000 to $345,000. The numbers of escrows are up 32% from 25 to 33 with the median list price on those escrows up from $339,900 to $350,000.
Goleta North sales are down 30% from 20 to 15 with the median sales price down from $405,000 to $367,500. The escrows are also down from 28 to 19 with the median list price on those escrows falling from $419,000 to $350,000.
The condo sector of the market is still sputtering but has definitely shown some life in June. Sales are continuing to push forward and the numbers of escrows are about double where they were for the previous two months. The median sales price also took an upward trend in June as did the median list price on the opened escrows.
If the condo market does start to move forward and the single family dwelling market continues on the pace that its setting we could end up having a strong second half of 2011. But, even with the numbers of sales increasing the median sales price is still going down particularly below the $1 million mark. The real good news is that the $1 to $2 million sector which is moving forward at this time which would bring up the overall median sales price for the area.
Gary Woods
For the East of State St area of Santa Barbara Real Estate for the first 6 months for Home Estate/PUDs there have been 101 sales this year compared to 112 last year and the median sales price has fallen from about $960,000 in '10 to about $907,000 in '11. The numbers of escrows is also way down from 118 last year to 136 this year with the median list price on those escrows going up from just under $1,015,000 to just under $950,000. Right now there are approximately 126 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.2 million and average list price of about $1.5 million.
For Condos on the East of State St area of Santa Barbara Real Estatefor the first six months there have been 17 sales this year compared to 38 last year and the median sales price has dropped from about $442,000 in '10 to $420,000 this year. The average has also declined falling from about $560,000 last year to approximately $510,000 this year. Right now there are 57 condos available for purchase on the East Side of Santa Barbara with a median list price of $569,000 and an average list price of about $730,000
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 6 months of 11 there have been 73 Home Estate/PUD sales compared to 56 last year but the median sales price has dropped from about $2.48 million to approximately $2.35 million this year. The average sales price is down from just under $4 million this year to about $2.7 million this year. The numbers of escrows is way up from 70 in '10 to 90 in '11 with the median list price on those escrows falling from about $2.75 million to $2.295 million. Right now there are 187 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.195 million and an average list price of about $5.157 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first six months there have been 6 sales compared to 10 last year. The median sales price for the year is just under $1 million with the average price just over $1.2 million. Last year those 10 sales had a $1,062,500 median sales price and a $1,218,600 average sales price. The numbers of escrows is also down from just 11 last year to 6 this year with the median list price on the 11 escrows at $1,075,000 and for the 6 escrows this year at $1,345,000. Right now there are 26 condos available for purchase in Montecito with a median list price of $1.174 million and an average list price just slightly higher at $1.329 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 6 months of 11 there have been 40 Home Estate/PUD sales this year compared to 35 last year and the median sales price has gone up from $675,000 last year to $723,700 this year. The numbers of pending listings are way above last years pace of 27 going to 46 opened escrows this year and the median list price on those pended listings has gone up from $625,000 in '10 to $772,000 in '11. Currently there are 66 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.26 million and average list price of about $3.13 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 behind of the '10 pace falling from 36 last year to 27 this year. The median sales price is also down declining from $393,100 in '10 to $353,500 in '11. The numbers of escrow are also down from 32 last year to 33 this year and the median list price on those escrows is down from $409,950 to about $380,000 this year. Right now there are just 27 condos available for purchase in Carpinteria/Summerland with a median list price of $439,000 and an average list price of about $495,000.
The Condo market for the Goleta Real Estate North area of Santa Barbara the numbers of properties available through June 20 there have been 36 listings compared to 51 last year for a 32% drop. The numbers of escrows is also down from 25 to 19 for a 24% fall and the sales are down from 20 to 13 for a 35% decline. The average sales price is up however from last year falling from $381,905 to $421,881 for a 10% rise.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North through June 20 there have been 222 listings compared to 230 last year for a 3% drop. The numbers of escrows are up from 91 to 94 for a 3% rise with the numbers of sales down from 77 to 65 for a 15% fall. But, the average sales price is up from $812,703 to $864,427 for a 6% rise.
The PUD market for the Santa Barbara Real Estate area of Goleta North through June 20 there have been 13 listings this year compared to 20 last year but there have been 6 escrows this year compared to 11 last year. The sales are down from 8 with an average sales price of $743,750 to 6 with an average sales price of $614,338 for a 38% decline.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through June 20 there have been 61 listings compared to 37 last year for a 64% rise. The escrows are up from 24 to 30 for a 25% rise and the sales are up from 23 to 25 for an 8% rise. Also the average sales price is up from $376,591 to $377,082 for a 0% rise.
For Home Estates in the Santa been Barbara Real Estate area of Goleta Real Estate South through June 20 there have 117 listings up from 107 for a 9% rise. The numbers of escrows is down however from 52 to 39 for a 25% decline while the sales are down from 50 to 29 for a 42% fall. The average sales price is also down from $715,284 to $699,017 for a 2% fall.
Through June 20 for the PUD market there were 6 listings last year compared to 7 this year and the escrows are up from 0 to 5 however with sales up from 0 to 2 with an average sales price of $411,250.
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 June 20 there have been 55 listings compared to 46 last year for a 19% rise. The escrows are up from 9 to 16 for a 77% rise. There have been 11 sales this year compared to 10 last year with the average sales price dropping from $3,832,925 last year to $3,066,364 million for a 19% decline.
The PUD market for the Hope Ranch area of Santa Barbara real estate saw no activity.
The Condo market for the West of State St area Santa Barbara Real Estate the total numbers of listings through June 20 is 94 down from 108 last year down for a 12% decline. The numbers of escrows are down from 45 to 33 for a 26% drop and the sales are down from 40 to 23 for a 42% drop. The average sales price is up however from $508,862 to $526,087 for a 3% rise.
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 20 there have been 236 listings compared to 254 last year for a 7% fall. The numbers of escrows are up however going from 102 to 108 for a 5% rise and the numbers of sales has gone up from 85 to 86 for a 1% rise. The average sales price is down however from $968,142 last year to $861,858 for a 10% decline.
The PUD market for the Santa Barbara area of West of State St there have been 6 listings this year compared to 5 last year and 2 escrows was opened this year compared to none last year. There was 1 sale last year for $865,000 while there were no sales this year.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through June 20 is 94 up from 100 last year for a 6% rise. The numbers of escrows are down however from 33 to 24 and the numbers of sales are down from 35 to 15 for a 57% drop. The average sales price on those 35 sales was $592,214 while the 15 sales this year had an average sales price of $524,967 for an 11% drop.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through June 20 there have been 368 up from 362 for a 1% rise. The escrows are also up with 123 last year to 133 this year for an 8% rise but the sales are down from 114 to 101 for an 11% drop. The average sales price has also gone down from $1,262,022 to $1,092,737 for a 13% drop.
For the PUD market on the East Side of Santa Barbara there have been 15 listings this year compared to 8 last year and the escrows are up from 0 to 8 and there have been 7 sales this year for a $873,779 average compared to zero last year.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through June 20 is 45 compared to 39 last year for a 15% rise but the escrows are down from 11 to 8 for a 27% drop. There were 9 sales last year compared to 8 this year and the average sales price has gone up from $1.255 million to $1.298 million for a 3% rise.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through June 20 there have been 390 listings compared to 407 last year for a 4% decline. But the escrows are up from 73 to 92 for a 26% rise and the sales are also up from 62 to 74 for a 19% raise. The average sales price is down however from $3.939 million to $2.955 million for a 24% fall.
For the PUD market in Montecito there have been 3 listings this year compared to 9 last year and the escrows have fallen from 2 last year to 0 this year. The sales are also down from 2 to 0 with those 2 PUD sales last year selling on average for $1.525 million.
The Condo market for the Carpinteria Real Estate/Summerland Real Estate area of Santa Barbara the inventory through June 20 there have been 76 listings this year compared to 92 for a 17% decline and escrows are down from 34 to 31 for an 8% decline. Sales are also down from 32 to 25 for a 21% decline and the average sales price is down from $468,350 to $465,492 for a 0% drop.
For Home Estates in the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate the numbers of listings through June 20 have been 159 compared to last year when there were 144 for a 9% decline. The numbers of escrows are up from 25 last year to 44 for a 76% rise this year and the numbers of sales are up with 33 in 10 compared to 39 in 11 for an 18% rise. The average sales price is down however from about $1.388 million last year to $988,690 this year for a 28% decline.
The PUD market for the Santa Barbara Real Estate area of Carpinteria/Summerland the overall inventory through June 20 there have been 8 listings this year compared to 2 last year and the escrows are up from 0 to 5 with the sales also up from 1 to 2. Those 2 sales on average had a $505,000 price down from $905,000 the year before.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of May 16 to June 16 there were 8 sales this year with a median sales price of $606,637 and an average sales price of $734,378. Last year there were 23 sales with a median sales price of $770,000 and an average sales price of $838,391. There were 28 escrows opened this year with a median list price of $695,000 and last year there were 20 escrows opened with a median list price of $785,000. Right now there are 82 Home Estate/PUDs available for purchase in Goleta North with a median list price of $892,500 and an average list price of $1,261,138.
For the condo market in Goleta Real Estate North for the same period there were no sales this year compared to 6 sales last year with a median sales price of $402,500 and an average sales price of $376,600. This year there was 3 opened escrows with a median list price of $279,000 and last year there were 4 escrows opened with a median list price of $354,750. Right now there are 10 condos available for purchase in Goleta North with a median list price of about $420,250 and an average list price of about $495,749.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from May 16 to June 16 there were 10 sales this year with a median sold price of $582,500 and an average sales price of $685,500. Last year there were 16 sales with a median sales price of $645,000 and an average sales price of $702,906. This year there were 10 escrows opened with a median list price of $580,500 and last year there were 10 escrows opened with a median list price of $773,450. Right now there are 30 Home Estate/PUDs available for purchase in Goleta South with a median list price of $674,000 and an average list price of $858,891.
For the condo market in Goleta Real Estate South for the same period there were 5 sales this year with a median sales price of $274,900 and an average sales price of $287,220. Last year there were 5 sales with a median sales price of $380,000 and an average sales price of $412,000. This year 6 escrows were opened with a median list price of $331,950 and last year 3 escrows were opened with a median list price of $379,500. Right now there are 22 condos available for purchase with a median list price of $335,000 and an average list price of $328,604.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of May 16 to June 16 there were 3 sales this year compared to non last year. The median sales price on those 3 sales is $1.995 million and the average sales price is $3,651,666. There were 3 escrows opened this year with a median list price of $2.5 million and last year there was 1 escrow1 opened with a list price of $1,395,000. Right now there are 27 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.35 million and an average list price of $4.821 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 May 16 to Jun 16 there were 16 sales with a median sales price of $854,500 and an average sales price of $833,992. Last year there were 18 sales with a median sales price of $875,000 and an average sales price of about $906,375. For the same time period there were 27 opened escrows this year with a median list price of about $750,000 and last year there were 17 opened escrows with a median list price of $1,129,000. Right now there are 93 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $929,000 and an average list price of $1.136 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 8 sales this year with a median sold price of $415,500 and an average sales price of about $425,000. Last year there were 12 sales with a median sales price of $504,000 and an average sales price of $539,666. This year 8 escrow opened with a median list price of $447,000 and last year there were 7 escrows opened with a median list price of $535,000. Right now there are 33 condos available for purchase on the West Side of Santa Barbara with a median list price of $549,000 and an average list price of $721,327.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 26 sales from May 16 to June 16 with a median sold price of $855,000 and an average sold price of $1,039,507. Last year there were 30 sales with a median sold price of $1,055,000 and an average sold price of $1,377,576. During that same time period there have been 23 opened escrows with a median list price of $998,900 and last year there were 19 escrows opened with a median list price of $1,035,000. Right now there are 129 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.17 million and an average list price of $1.415 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there has been 4 sale this year compared to 10 last year. The median sales price on those 4 is $550,000 and the average sales price is $565,500. Last year there were 10 sales with a median sales price of $507,500 and average sales price of $540,150. This year 10 escrows were opened this year with a median list price of $502,000 and last year there were 8 opened escrows with a median list price of $508,975. Right now there are 59 condos available for purchase on the East Side of Santa Barbara with a median list price of $585,000 and an average list price of $731,349.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 16 sales from May 16 to June 16 compared to 14 last year and the median sales price went up from $2.49 million last year to $2.705 million this year. The average sales price went down however from $3.06 million last year to $2.89 million this year. This year there have been 12 escrows opened with a median list price of $1.847 million and last year there were also 15 escrows opened with a median list price of about $2.9 million. Right now there are 190 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.172 million and an average list price of $5.072 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 2 sales with a median & average sales price of $970,000. There were 3 escrows opened this year with a $1.495 median list price and last year there were 3 escrows opened with a $1,050,000 median list price. Right now there are 25 condos available for purchase in Montecito with a median list price of $1.195 million and average list price of $1.331 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 16 to June 16 there were 9 sales this year compared to 6 last year and the median sales price on those 9 was $735,000 and last year the median sales price on the 6 was $600,000. The average sales price was up from $633,316 last year to $754,055 this year. There were 11 opened escrows this year with a median list price of $795,000 compared to 5 last year with a median list price of $597,000. Right now there are 57 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,300,000 and an average list price of about $3.375 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 6 last year and the median sales price went down from $500,500 to $352,000. The average sales price also went down from $756,000 to $368,500. This year there were 7 escrows opened with a median list price of $499,000 and last year there were 6 escrows opened with a median list price of $384,500. Right now there are 23 condos for sales in Carpinteria/Summerland with a median list price of $477,500 and an average list price of $530,847.
For Santa Barbara Real Goleta Real Estate North area for the Home Estate/PUD through June 10 there have been 65 sales compared to 75 last year for a 13.3% drop. The median sales price fell from $720,000 to $685,000 for a 4.9% decline.
The gap between the median list price of $949,000 and the median sold price of $685,000 gives us a 27.8% gap whereas last year the median list price was $888,500 and when compared to the median sold price of $720,000 it gave us a 19.0% gap.
For the condo market in Goleta Real Estate North through June 10 there have been 11 sales compared to 19 last year for a 42.1% drop and the median sales price has gone down from $400,000 to $370,000 for a 4.7% drop.
The gap between the median list price of $412,000 and the median sold price of $370,000 gives us a 10.2% gap whereas last year the median list price was about $419,900 and when compared to the median sold price of $400,000 it gave us a gap or 4.7%.
For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through June 10 there have been 30 sales compared to 43 last year for a 30.2% decline and the median sales price went down from $640,000 last year to $602,500 for a 5.9% rise.
The median list price this year for $742,000 when compared to the median sold price of $602,500 gives us a -18.8% gap. Last year there was $849,949 median list price and when compared to the median sold price of $640,000 gave us a -24.7% gap.
For the condo market in Goleta Real Estate South through June 10 there were 20 sales this year compared to 22 last year for a 9.1% decline. The median sales price went up however from $357,500 to $362,000 for a 5.9% rise.
This year the median list price of $355,000 compared to the median sold price of $362,000 gave s a positive gap of +2.0%. Last year the median list price of $380,000 and the median sold price of $357,500 gave us a gap of -5.9%.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Home Estate/PUD market through June 10 there have been 10 sales compared to 10 last year for no change and the median sales price went down from $3,237,500 to $1,972,500 for a 39.1% fall.
The median list price of $3,372,500 this year and the median sold price of $1,972,500 gives us a -41.5% gap and last year the median list price of $3,495,000 and the median sold price of $3,237,500 gave us a -7.4% gap.
For Santa Barbara Real Estate area of Hope Ranch Real Estate area for the Condo market through April 19 there was no activity.
For Santa Barbara Real Estate area of West of State St area for the Home Estate/PUD market through June 10 there have been 77 sales compared to 74 last year for a 4.1% rise but the median sales price went down from $805,000 to $700,000 for a 13.0% fall.
The median list price of $877,500 this year and the median sold price of $700,000 gives us a -20.2% gap and last year the median list price of $979,000 and the median sold price of $805,000 gave us a -17.8% gap.
For Santa Barbara Real Estate area of West of State St area for the Condo market through June 10 there have been 20 sales compared to 35 last year for a 42.9% decline and the median sales price went down from $550,000 to $422,500 for a 11.1% fall.
The median list price of $550,000 this year and the median sold price of $422,500 gives us a -23.2% gap and last year the median list price of $561,500 and the median sold price of $475,000 gave us a -15.4% gap.
For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through June 10 there have been 85 sales compared to last year when there were 97 sales for a 12.4% decline. The median sales price has also gone down from $970,000 last year to $895,000 this year for a 7.7% drop.
The gap between the median list price of about $1.195 million and the median sold price of $895,000 gives us a -13.9% gap whereas last year the median list price was also $1.2 million and when compared to the median sold price of $970,000 we get a -19.2% gap.
On the condo side of the ledger for the East Side of Santa Barbara Real Estate through June 10 there have been 14 sales compared to 23 last year for 56.3% decline and the median sales price has gone down from $471,000 last year to $435,000 this year for a 7.6% decline.
The difference between the median list price of $589,000 and the median sold price of $435,000 gives us a -26.1% gap. Whereas last year the median list price of $619,000 and the median sold price of $471,000 gave us a -23.9% gap.
For Santa Barbara Real Estates Montecito Real Estate area for the Home Estate/PUD market the sales figures through June 10 there have been 58 sales compared to 53 last year for a 9.4% rise. The median sales price last year was $2.485 million and this year its is $2.444 million for a 1.6% decline.
The difference between this years median list price of $3.095 million and the median sold price of $2,444,402 million gives us a -21.0% gap and last year the median list price of $3.45 million and the $2.485 million sales price gives us a -28.0% gap.
For the condo market in Montecito Real Estate through June 10 2011 there have been 4 sales compared to 8 last year for a 50% decline. The median sales price this year of $767,500 compared to last year when it was $1,087,500 gives us a 29.4% decline.
The gap report has a median list price this year of $1.13 million and the $767,500 median sales price gives us a -32.1% gap and last year there was a $1.247 million median list price compared to a $1.087 million median sales price gave us a -12.8% gap.
For Santa Barbara Real Carpinteria Real Estate/Summerland Real Estate area for the Home Estate/PUD through June 10 there have been 37 sale compared to 32 last year for a 15.6% rise while the median sales price has dipped from $847,500 to $722,500 for a 14.7% decline
The gap between the median list price of about $1,275,000 and the median sales price of $722,200 is -43.3% whereas last year the median list price of $1.1 million and the median sales price of $847,500 gave us almost a -23.0% gap.
For the condo market in Carpinteria Real Estate/Summerland Real Estate through June 10 there have been 25 sales compared to 30 last year for a 16.7% decline while the median sales price went down from $401,000 last year to $350,000 this year for a -12.7% decline.
The gap between the median list price this year of $495,000 and the median sales price of $350,000 gives us only a -29.3% difference where as last year the median list price was $525,000 and the median sales price was $401,000 for a -23.6% gap.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 5 months of 11 there have been 25 sales compared to 36 last year and the median sales price has dropped from $630,000 last year to $575,000 this year with the average sales price dropping from $707,297 in 10 to right about $625,000 this year. The numbers of escrows has also gone down form 42 in 10 to 37 in 11 with the median list price on those escrows dropping from about $699,000 last year to $575,000 this year. Right now on the South Side of Goleta there are 33 Home Estate/PUDs available for purchase with a median list price of about $699,000 and an average list price of $891,015.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first five months of 11 there have been 19 sales compared to 21 last year. But the median sales price has remained the same for both years at $355,000.The average sales price is also about the same going from $370,314 last year to $370,371 this year. The numbers of escrows is up however going from 22 in 10 to 26 this year with the median list price on those escrows going down from $302,900 last year to $346,950 this year. Right now there are 19 condos available for purchase in Goleta South with a median list price of about $350,000 and an average list price of $347,005.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 5 months of 11 there have been 9 sales compared to 10 last year. The median sales price has also gone down from $3.237 million last year to $1.95 million this year with the average sales price also down from $3.832 in 10 to $2,497 in 11. The numbers of escrows is up however with 8 last year and 14 this year but the median list price on those escrows has gone down from $2.475 last year to $1.947 million this year. Right now there are 26 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.322 million and an average list price of $4.886 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 11 for Home Estate/PUDs there have been 69 sales compared to 67 in 10 and the median sales price has gone down from $810,000 last year to $690,000 this year. The average sales price has also fallen from $922,202 last year to $854,257 this year. The numbers of escrows are up however from 83 in 10 to 88 in 11 but the median list price on those escrows is down from $819,000 last year to just under $750,000 this year. Right now there are 73 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of about $929,000 and an average list price of about $1.172 million.
For the West of State are of Santa Barbara Real Estate for the first five months of 11 for the condo market there have been 17 sales compared to 32 last year and the median sales price has dropped from $464,500 in 10 to $425,000 in 11. The average sales price has rise however from $491,078 last year to $563,611 this year with the numbers of escrow way down from 37 in 10 to 27 in 11. The median sales price on those escrows has declined this year from $499,000 in 10 to $399,000 in 11. Right now there are 33 condos available for purchase on the West Side of Santa Barbara with a median list price of $550,000 and an average list price of $726,327.
For Santa Barbara Real Estate, Montecito Real Estate, Hope Ranch Real Estate, Carpinteria Real Estate/Summerland Real Estate and Goleta Real Estate for the Home Estate/PUD market for the month of March 2011 a significant number of those escrows that opened in the first two months of the year and those that continued opening in the third month completed the buying process. In March there were 83 sales up from 49 in February and 42 in January. But, the median sales price which came up from $819,500 in January to $845,000 in February fell back to $714,000 in March.
This drop in the median sales price was prompted by the 50+ sales below $1 million that occurred during the month up from the low 30s in February. Sales in the $1 to $2 million bracket also went up but only a little, while the over $2 million range almost tripled going from 5 in February to 13 in March with 5 of those sales selling for over $5 million.
Also going up in March was the numbers of escrows which went to 106 for the month up from 80 in February. What didnt go up however was the median list price on those escrows which remained at right around $800,000. That median list price on the escrows is amplified by the approximately $787,500 median sold price for the year through March down from about $810,000 the previous year.
Looking at the Districts, we see that sales are down for Carpinteria/Summerland from 19 in 10 to 12 in 11 with the median sales price dropping from about $850,000 last year to right around $670,000 this year. But, the numbers of escrows are way up this year from 13 to 19 while the median list price on those escrows remains around $675,000 for both years.
Sales are up in Montecito however from 24 to 27 and the median sales price is also up from $2 million to about $2.37 million. The numbers of escrows is even farther ahead with 44 this year compared to 28 last year with the median list price on those escrows also up from just under $2 million last year to roughly $2.5 million this year.
On the East Side of Santa Barbara sales are down from 47 to 46 but the median sales price is up from about $890,000 to $895,000. The numbers of escrows are even farther ahead of the 10 pace with 68 this year compared to 54 last year and the median list price on those escrows is up from $925,000 to $995,000.
On the West Side of Santa Barbara sales are up from 39 to 40 but this year the median sales price fell to $650,000 down from $785,000 last year. The numbers of escrows are also up from 47 last year with an $850,000 median list price to 51 this year with a $750,000 median list price.
In Hope Ranch sales are down from 6 to 4 and the median sold price is down from $3,237,500 in 10 to $1,775,000 in 11. The escrows are the same for both years with 8 while the median list price on those escrows is also approximately the same for both years at just under $2 million.
For Goleta South sales are off from 17 to 14 but the median sales price is up from just under $600,000 to just over $650,000. The numbers of escrows are the same however with 18 in both years but the median list price on those escrows is down from $729,000 to $562,500.
Goleta North has sales way up from 34 to 42 but the median sales price is the same both years at $685,000. The numbers of escrows is very close however with 43 last year and 42 this year but the median list price on those escrows is down from about $750,000 last year to about $700,000 this year.
After starting out the year behind in the numbers of sales weve about reached parity with 2010 numbers. But, while the numbers of escrows are up by about 18% the median list price on those escrows is down about 6% while the median sales price for the year has dropped about 3% to $787,500.
For condos, the numbers of sales started to move up from the previous 2 months when there were 16 in both January and February but they only rose to 21 for March. The median sales price fell to just below $400,000 for the month down from $422,500 in February but up from $382,500 in January. For the year, the median sales price of condos stands at $399,000 5% below where it was in March 10 when it was $420,000.
The numbers of escrows came up slightly in March to 30 from 24 the previous month but the median list price on those escrows fell rather dramatically from $415,750 in February to $359,450 in March. For the entire year sales are down from 66 to 53 for a 20% decline and escrows are down about 19% falling from 80 to 67. There was 1 sale above $1 million in March with 4 sales between $600,000 and $800,000. But, 12 of the 21 sales were between $300,000 and $450,000 with 2 from $250,000 to $300,000.
Looking at the Districts, Carpinteria/Summerland has 15 sales in both 10 and 11 but the median sales price has dropped from $382,500 to $353,500. The numbers of escrows is slightly up however going from 18 last year to 19 this year while the median list price on those escrows fell from $409,900 last year to $363,000 this year.
In Montecito there have been 5 sales this year with a median sales price of $645,000 compared to 5 last year with a median sales price of $1,075,000. The numbers of escrows are the same with 4 for both years with a median list price of $1,075,000 in 10 and for 11 a median list price of $1,148,500.
On the East Side, sales are down by half going from 16 to 8 but the median sales price has remained stable drifting down slightly from $417,500 last year to $414,750 this year. The numbers of escrows are also down from 14 to 10 but the median list price on those escrows is up from $499,000 to $619,000.
For the West Side, the numbers of sales are down from 17 to 9 with the median sales price dropping from $455,500 to $425,000. The numbers of escrows is even farther down from 24 to 12 with the median list price on those escrows down from $499,000 to $409,500.
Goleta South is rebounding this year with sales up from 7 to 14 and the median sales price is up from $260,000 to $355,000. The numbers of escrows are also up from 12 to 17 with the median list price on those escrows going from $295,000 to $329,000.
For Goleta North both years have 7 sales but the median sales price this year is down from $455,000 last year to $365,000 this year. The numbers of escrows are down from 12 to 7 and the median list price on those escrows is down from $419,000 to $379,000.
The decline in sales in the condo market is primarily due to the increase in purchases in the $500,000 to $800,000 Single Family home market. That price range of homes saw 45 sales in the month of March alone. When buyers look at a $500,000 to $600,000 condo and add in the substantial Home Owners fees which can be in the $300 to $500 a month range those $700,000 to $800,000 homes start to look attractive. This increase in sales of the lower priced homes is the reason the overall median sales price of homes is declining which also pushes the median sales price of condos down.
Im encouraged by the numbers of Home Estate/PUD escrows opened in the first quarter of the year but it looks like the substantial amount of activity is going to remain in that $500,000 to $800,000 bracket. The $1 to $2 million range seems to be stuck in neutral however registering roughly the same numbers of sales each month while the over $2 million market has taken off again at least in March.
It looks like interest rates are getting ready to start moving up and with the $729,000 maximum FHA loan maximum sunsetting in September prices below $1 million could continue to drift down. But, with the substantial amount of demand in that price range there could even be a slight upward pressure in prices.
Gary Woods
For the East of State St area of Santa Barbara Real Estate for the first 5 months for Home Estate/PUDs for 11 weve had 78 sales compared to 93 last year and the median sales price has fallen from $951,000 last year to $917,500 this year. The average sales price is also down from $1,258,164 in 10 to $1,055,203 in 11. The numbers of escrows are up however from 92 in 10 to 110 in 11 with the median list price going down slightly from $1,095,000 in 10 to $954,500 in 11. Right now there are 128 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of $1.25 million and an average list price of $1,627,458.
For East of State St are for Santa Barbara Real Estate of for the first five months of 11 there are 13 sales compared to 28 in 10 and the median sales price has dipped from $458,500 last year to $420,000 while the average sales price has fallen from $586,892 in 10 to $521,115 in 11. The numbers of escrows are down from 30 last year to 19 this year with the median list price on those escrows dropping a bit from $519,725 last year to $495,000 this year. Right now there are 54 condos available for purchase on the East Side of Santa Barbara with a median list price of just under $600,000 and an average list price of $741,763.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first 5 months of 11 for Home Estate/PUD sales are up to 46 from 47 in 11. The median sales price is also up slightly from $2.455 million to $2.5 million with the average sales price falling from about $4.2 million to $2.8 million. The numbers of escrows is also up from 56 in 10 with a median list price of about $2.687 million to 77 escrows with a median list price of about $2.495 million. Right now there are 184 listings available for purchase in Montecito with a median list price of $3.172 million and an average list price of $5.13 million.
For the Santa Barbara Real Estate area of Montecito Real Estate for the first five months for the condo market we have had 4 sales this year compared to 8 last year. The median sales price this year is $767,500 with the average sales price just over $790,000. Right now there are just 29 condos for sale in Montecito with a median list price of $1.199 million and an average list price of $1.334 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 35 sales this year compared to 30 last year and the median sales price has fallen over $130,000 to $710,000 in 11. The average sales price has declined slightly from about $1.5 million in 10 to $710,000 in 11. To accompany the surge in sales the escrows have grown going from 23 last year to 37 this year and the median list price on those escrows went up from $679,000 to about $770,000 this year. Right now there are 63 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 $3.18 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 24 sales compared to 29 last year. The median sales price has fallen from last year when it was $395,000 to $350,000 this year. The numbers of escrows are slightly behind where it was last year when it was 28 falling to 26 this year and the median list price on those escrows has remained about the same gong from $422,500 last year to $365,500 this year. Right now there are 25 condos available for purchase in Carpinteria/Summerland with a median list price of $485,000 and an average list price of $575,480.
For Home Estate PUDs in the Goleta Real Estate North area of Santa Barbara Real Estate for the period of 1/1/11 to 5/25/11 there have been 60 sales compared to 64 last year. The median sales price went down from $715,000 last year to $685,000 this year and the average sales price is up from $770,062 to $841,050. Those 60 sales took on average 76 days to get an accepted offer and when you add in another 42 days of escrow time you get an average total marketing time of 118 days.
For Goleta Real Estate North condos there have been 12 compared to 15 last year. The median sales price has gone down however from $400,000 to $372,500. The average sales price is also up from $383,066 to $417,454 Those 12 sales took on average 93 days to get an accepted offer and when you add in another 37 days of escrow time you get an average total marketing time of 130 days.
For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from January 1 11 to May 25, 2011 there have been 23 sales this year compared to 35 last year but the median sales price has gone from $625,000 last year to $575,000 this year. The average sales price has also gone down from $709,220 last year to $631,478 this year. Those 23 sales took on average 71 days to get an accepted offer and when you add in another 36 days of average escrow time you get a total average marketing time of 107 days.
For Condominiums for Goleta Real Estate South for the same time period there have been 16 sales this year compared to 21 last year. The median sales price has gone up from $355,000 to $392,375. The average sales price has also gone up from $370,314 to $392,871. Those 16 sales on average took 83 days to get an accepted offer and when you add in another 54 days of average escrow time you get a total marketing time of 137 days.
For Hope Ranch Real Estate Home Estate/PUDs from January 1, 11 to May 25 13, 11 there have been 8 sales compared to 10 last year. The median and average sales price has gone down from $3.237 million to $1.855 million this year and the average sales price declined from $3,832,925 to $2,560,625. Those 8 sales took on average 155 days to get an accepted offer and when you add in another 24 days of escrow time you get an average total marketing time of 179 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 25, 2011 there have been 64 sales compared to 64 last year. The median sales price has gone down from $813,750 last year to $680,500 this year and the average sales price has gone down from $920,757 last year to $846,706 this year. Those 64 sales took on average 72 days to get an accepted offer and when you add in another 44 days of escrow time you get an average total marketing time of 116 days.
For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 14 sales compared to 31 last year but the median sales price has dropped from $469,000 to $422,500. The average sales price has gone up however from $492,080 to $587,885. Those 14 sales took 72 days on average to get an accepted offer and when you add in another 33 days of escrow time you get a total marketing time of 105 days.
For the East of State St for Santa Barbara Real Estate from January 1, 2011 to May 25, 2011 there have been 72 sales compared to 88 last year. The median sales price has fallen from $1,002,500 last year to $935,000. The average sales price has also gone down from $1,268,082 last year to $1.052 million this year. Those 72 sales took on average 96 days to get an accepted offer and when you add in another 36 days of average escrow time you can an average total marketing time of 168 days.
For Condominiums in the East of State St area of Santa Barbara Real Estate for the same time period there were 13 sales compared to 26 last year. The median sales price has gone down from $440,000 last year to $420,000 this year. The average sales price has gone down from $577,538 last year to $521,115 this year. Those 13 sales took on average 92 days to get an accepted offer and when you add in another 51 days of average escrow period you get a total average marketing time of 142 days.
From 1/1/11 to 5/25/11 in Montecito Real Estate for the Home Estate/PUD market there have been 55 sales compared to 44 last year. The median sales price has come down a little from $2.455 million last year to $2.388 million this year while the average sales price went down from $4.167 million last year to $2.811 million. Those 55 sales took on average 130 days to get an accepted offer and when you add in another 33 days of average escrow time you get a total marketing time of 163 days.
For Condominiums for the same time period in Montecito Real Estate this year there have been 4 sales this year compared to 8 last year. The median sales price has fallen from $1,087,500 last year to $767,500 this year and the average sales price has also gone down from $1,298,125 to $791,250. Those 4 sales took on average 137 days to get an accepted and when you add in another 55 days of average escrow time you get an average of 192 days of total marketing time.
From January 1 11 to May 25 11 for Home Estate/PUD in Carpinteria Real Estate/Summerland Real Estate there were 33 sales compared to 29 in 10 and the median sales price has gone down from $835,000 last year to $722,500 this year. The average has also gone down, going from $1.025 million last year to $794,778 this year. Those 33 sales took on average 68 days to get an accepted offer and when you add in another 52 days of escrow time you get a total of 120 days of total marketing time.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 23 sales this year compared to 26 last year. The median sales price has dipped from $395,000 to $350,000 but the average sales price has gone up from $416,392 to $472,491. Those 23 sales took on average 70 days to get an accepted offer and when you add in another 58 days of average escrow time you get a total marketing time of 128 days.
For Goleta Real Estate North area for the Home Estate/PUD market through May 18 there are currently 94 properties available for purchase with an average list price of about $1.107 million. The highest price property is listed at $8.999 million while the least expensive home can be had for $405,000 giving us a median list price for the area of $849,000.
There are 25 homes in escrow in the area with an average list price of about $1,034,504. The most expensive home in escrow is listed at $9.5 million while the least expensive property in escrow is on the market for about $399,000 giving us a median list price of homes in escrow in Goleta South of $629,000.
Through May 18 there have been 58 sales with an average sales price of about $855,000. The highest priced listing sold for $3.05 million while at the other end of the scale is a property selling for $393,000 giving us a median sales price through May 18 of $685,000.
For the condo market in Goleta Real Estate North through May 18 there are just 11 properties available for purchase with an average list price of about $465,135. The highest priced listing is on the market for $895,000 while at the other end of the scale is one listed for about $198,000 giving us a median list price of available properties of $419,000.
Right now there are 7 condos in escrow with an average list price of $359,317. The most expensive property in escrow is listed for $519,900 while the least expensive condo is listed at $276,420 giving us a median list price on the 7 properties in escrow of $349,000
Through May 18 there have been 11 condo sales with an average sales price of $411,972. The most expensive condo sold for $627,000 while the least expensive condo sold for $276,700 giving us a median sold price through May 18 of $370,000.
For Goleta Real Estate South area for the Home Estate/PUD market through May 18 there are currently 36 properties available for purchase with an average list price of about $907,825. The highest price property is listed at $2.695 million while the least expensive home can be had for $465,000 giving us a median list price for the area of $765,000.
There are 17 homes in escrow in the area with an average list price of about $670,000. The most expensive home in escrow is listed at $1.499 million while the least expensive property in escrow is on the market for $399,000 giving us a median list price of homes in escrow in Goleta South of $549,000.
Through May 18 there have been 21 sales with an average sales price of about $640,000. The highest priced listing sold for $1,425,000 while at the other end of the scale is a property selling for $345,000 giving us a median sales price through May 18 of $600,000.
For the condo market in Goleta Real Estate South through May 18 there are just 16 properties available for purchase with an average list price of about $329,325. The highest priced listing is on the market for $459,000 while at the other end of the scale is one listed for about $189,000 giving us a median list price of available properties of $344,900.
Right now there are 14 condos in escrow with an average list price of about $342,064. The highest priced condo in escrow is listed for about $639,000 while the least expensive condo in escrow is listed at $197,500 giving us a median list price of condos in escrow of just under $274,900.
Through May 18 there have been 16 condo sales with an average sales price of $392,871. The most expensive condo sold for $617,900 while the least expensive condo sold for $217,000 giving us a median sold price through May 18 of $369,000.
For Hope Ranch Real Estate for Home Estate/PUDs through May 18 there are 27 properties available in the area with an average list price of about $4.8 million. The most expensive listing is on the market for $24.5 million while at the other end of the scale is one listed at $1.05 million giving us a median list price for the area of about $3.35 million.
Right now there are 5 properties in escrow with an average list price of $3,008,000. The most expensive home in escrow is listed for $7.95 million while at the other end of the scale theres a property listed for $1.35 million giving us a $1.895 million median list price for homes currently in escrow.
Through May 18 there have been 7 homes sold in Hope Ranch with an average sales price of about $2.675 million. The most expensive sale was for $6.1 million while the least expensive sale was for $1.3 million giving us a median sales price through May 18 of $1.95 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 18 there are currently 72 Home Estate/PUDs available for purchase with an average list price of $1.176 million. The most expensive property on the market can be had for about $6.999 million while at the other end of the scale is one listed for just under $399,000 giving us a median list price for the area of $940,000.
There are 35 properties currently in escrow with an average list price of $946,108. The most expensive property in escrow right now is listed for $4.795 million while at the other end of the scale is one listed at just $349,000 giving us a median list price of homes in escrow of $749,000.
So far in 11 there have been 63 home sales in the area with an average sales price of $844,304. The highest priced sale was for about $4.825 million while at the other end of the scale is one that sold for $245,000 giving us a median sales price for the year of $679,000.
For the Condo market on the West Side of Santa Barbara Real Estate through May 18 there are 35 properties available for purchase with an average list price of about $729,254. The highest priced listing in the area is on the market for $1.997 million while the least expensive condo can be had for $319,900 giving us a median list price for the area of $565,000.
There are 13 condos currently in escrow in the area with an average list price of about $420,375. The highest priced listing currently in escrow is on the market for $749,000 while at the other end of the scale is a property listed at $299,000 giving us a median list price for condos in escrow of about $395,000.
Through May 18 there have been 14 sales with an average sales price of $587,885. The highest priced condo sale was for $1.35 million while the least expensive sale was for $273,000 giving us a median sales price of $420,000.
For the East of State St area of Santa Barbara Real Estate through May 18 there are currently 1127Home Estate/PUDs available for purchase in the area with an average list price of $1.656 million. The highest priced listing is on the market for $16.95 million while the least expensive property is listed for $315,000 giving us a median list price of about $1.235 million.
There are currently 45 homes in escrow in the area with an average list price of about $1.101 million. The highest priced listing in escrow is on the market for $4.2 million while the least expensive property is listed at just $350,000 giving us a median list price for homes in escrow of $949,000.
Through May 18 there have been 67 sales in the area with an average sales price of $1.066 million. The highest priced sale went out for $2.65 million while the least expensive property sold for just $309,000 giving us a median sales price of $950,000.
The condo market for the East Side of Santa Barbara Real Estate through May 18 there are 56 properties available for purchase with an average list price of about $758,759. The most expensive condo listed in the area is on the market for $4 million while the least expensive condo is listed for $231,000 giving us a median list price for the area of $599,000.
There are 10 condos in escrow right now with an average list price of about $510,227. The most expensive property currently in escrow is listed for $950,000 while the least expensive property is listed at $368,500 giving us a median list price of condos in escrow of $449,000.
This year through May 18 there have been 11 condo sales with an average sales price of $510,227. The highest priced sale was for $950,000 while the least expensive condo sold for $368,500 giving us a median sales price for the area of $420,000.
For Santa Barbara Real Estate in the Montecito Real Estate area through May 18 there are currently 183 Home Estate/PUDs for sale with an average list price of about $5.26 million. The most expensive listing is on the market for $32.5 million while at the other end of the scale you can get a home in Montecito for just $895,000 giving us a median list price for the area of about $3.075 million.
With all those listings we have 23 homes in escrow right now with an average list price of $2.381 million. The highest priced property in escrow is listed for $7.95 million while the other end shows us a property in escrow listed for just $759,000 giving us a median list price for homes in escrow of about $1.75 million.
Through May 18 there have been 49 sales with an average sales price of about $2.89 million. The highest priced sale through that time sold for $7.9 million while the least expensive home sold for just $720,000 giving us a median sales price for the area of about $2.388 million.
For the Condo market in Montecito Real Estate there are currently 26 available with an average list price of about $1.472 million. The most expensive condo in Montecito right now can be had for $3.995 million while the least expensive condo is listed for $579,900 giving us a median list price of about $1.295 million.
Right now there are 2 properties in escrow. The most expensive condo in escrow is listed for $1,299,480 and the other property is listed for $1,195,000.
There have been 3 condo sales this year with an average sales price of about $688,333. The most expensive condo sold for $890,000 while the least expensive property went out at $530,000 giving us a median sales price thus far in 11 of $645,000.
For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market through May 18 there are 61 properties available for sale in the area with an average list price of $3.548 million. The highest priced listing is on the market for $26.9 million the least expensive property can be had for just under $399,000 giving us a median list price of $1.3 million.
In escrow currently there are 15 homes in escrow with an average list price of $826,260. The most expensive listing in escrow is on the market for $1.95 million while the least expensive property in escrow is listed at $429,000 giving us a median list price for properties in escrow of $749,000.
Looking at Sold properties through May 18 there have been 30 sales with an average sales price of $910,513. The most expensive property sold for $5 million and the least expensive home closed at $335,900 giving us a median sales price of $650,000
For the condo market in Carpinteria Real Estate/Summerland Real Estate there are currently 27 properties available with an average list price of $581,181. The highest priced listing is on the market for about $1.199 million while the lowest priced property is listed at $329,000 giving us a median list price of $497,500.
In escrow right now there are 12 properties with an average list price of about $35,066. The highest priced property in escrow is listed for $599,000 while the least expensive property in escrow is being marketed at $190,000 giving us a median list price of properties in escrow of $287,000.
Through May 18 there have been 21 sales with an average sales price of $438,966. The most expensive condo sold for $2.2 million while the least expensive condo sold for $190,000 giving us a median sold price for the area of $350,000.
The Condo market for the Goleta Real Estate North area of Santa Barbara the numbers of properties available through May 12 there have been 31 listings compared to 43 last year for a 27% drop. The numbers of escrows is also down from 20 to 14 for a 30% fall and the sales are down from 14 to 10 for a 28% decline. The average sales price is up however from last year falling from $384,179 to $392,170 for a 27% rise.
For Home Estates in the Santa Barbara Real Estate area of Goleta Real Estate North through May 12 there have been 192 listings compared to186 last year for a 3% rise. The numbers of escrows are down however from 70 to 60 for a 14% fall with the numbers of sales are down from 50 to 55 for a 10% fall. But, the average sales price is up from $780,403 to $862,159 for a 10% rise.
The PUD market for the Santa Barbara Real Estate area of Goleta North through May 12 there have been 12 listings this year compared to 14 last year but there have been 5 escrows this year compared to 7 last year. The sales are down from 5 with an average sales price of $670,000 to 4 with an average sales price of $648,750 for a 3% decline.
The Condo market for the Goleta Real Estate South area of Santa Barbara the numbers of properties available through May 12 there have been 49 listings compared to 35 last year for a 40% rise. The escrows are up from 21 to 24 for a 14% rise and the sales are up from 18 to 19 for a 5% rise. Also the average sales price is up from $366,756 to $397,418 for an 14% rise.
For Home Estates in the Santa been Barbara Real Estate area of Goleta Real Estate South through May 12 there have 97 listings up from 88 for a 10% rise. The numbers of escrows is down however from 40 to 33 for a 17.5% drop while the sales are down from 29 to 18 for a 37% fall. The average sales price is also down from $737,580 to $684,250 for a 7% fall.
The PUD market for the Santa Barbara Real Estate area of Goleta South through May 12 there were 4 listings last year compared to 7 this year and the escrows are up from 0 to 3 however with sales up from 0 to 2 with an average sales price of $411,250.
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 May 12 there have been 50 listings compared to 40 last year for a 25% rise. The escrows are up from 8 to 12 for a 50% rise. There have been 8 sales this year compared to 9 last year with the average sales price dropping from $4,065,472 last year to $2,846,875 million for an 29% decline.
The PUD market for the Hope Ranch area of Santa Barbara real estate saw no activity.
The Condo market for the West of State St area Santa Barbara Real Estate the total numbers of listings through May 12 is 78 down from 96 last year down for a 17% decline. The numbers of escrows are down from 36 to 25 for a 30% drop and the sales are down from 26 to 13 for a 50% drop. The average sales price is up however from $494,558 to $606,185 for a 22% rise.
For Home Estates in the Santa Barbara Real Estate area of West of State the total homes that have been on the market through May 12 there have been 210 listings compared to 191 last year for a 9% fall. The numbers of escrows are up however going from 76 to 80 for a 5% rise and the numbers of sales has gone up from 63 to 66 for a 4% rise. The average sales price is down however from $915,607 last year to $872,680 for a 4% decline.
The PUD market for the Santa Barbara area of West of State St there have been 5 listings this year compared to 2 last year and 1 escrow was opened this year compared to none last year. There was 1 sale last year for $865,000 while last year there were no sales this year.
For Condos in the Santa Barbara Real Estate area of East of State the total numbers of properties for sale this year through May 12 is 86 up from 81 last year for a 6% rise. The numbers of escrows are down however from 25 to 15 and the numbers of sales are down from 23 to 11. The average sales price on those 23 sales was $585,043 while the 11 sales this year had an average sales price of $510,277 for a 12% drop.
The Home Estate market for the East of State St area of Santa Barbara Real Estate the total numbers of listings through May 12 there have been 316 up from 312 for a 1% rise. The escrows are also up with 97 last year to 100 this year for a 3% rise but the sales are down from 75 to 66 for a 12% drop. The average sales price has also gone down from $1,183,777 to $1,085,263 for an 8% drop.
For the PUD market on the East Side of Santa Barbara there have been 12 listings this year compared to 6 last year and the escrows are up from 0 to 6 and there have been 4 sales this year for a $1,095,362 average compared to zero last year.
In the Montecito Real Estate area of Santa Barbara Real Estate for the Condo Market the total numbers of properties available through May 12 is 41 compared to 33 last year for a 24% rise but the escrows are down from 8 to 5 for a 37% drop. There were 6 sales last year compared to 5 this year and the average sales price has dropped from $1.407 million to $1.047 million for a 25% fall.
In the Single Family Home market for the Santa Barbara Real Estate area of Montecito Real Estate through May 12 there have been 345 listings compared to 355 last year for a 2% decline. But the escrows are up from 55 to 75 for a 36% rise and the sales are also up from 44 to 50 for a 13% raise. The average sales price is down however from $4.378 million to $2.979 million for a 31% fall.
For the PUD market in Montecito there have been 3 listings this year compared to 9 last year and the escrows have fallen from 2 last year to 0 this year. The sales are also down from 1 to 0 with that 1 PUD last year selling for $1.45 million.
For Goleta Real Estate North in the Santa Barbara Real estate area for Home Estate/PUDs market for the period of March 30 to April 30 there were 12 sales this year with a median sales price of $660,000 and an average sales price of $770,675. Last year there were 18 sales with a median sales price of $755,000 and an average sales price of $868,333. There were 16 escrows opened this year with a median list price of $586,950 and last year there were 25 escrows opened with a median list price of $750,000. Right now there are 90 Home Estate/PUDs available for purchase in Goleta North with a median list price of $885,000 and an average list price of $1,168,735.
For the condo market in Goleta Real Estate North for the same period there were no sales this year compared to 8 sales last year with a median sales price of $397,500 and an average sales price of $384,162. This year there was 5 opened escrows with a median list price of $375,000 and last year there were 7 escrows opened with a median list price of $419,000. Right now there are 11 condos available for purchase in Goleta North with a median list price of about $405,000 and an average list price of about $430,817.
In the Santa Barbara Real Estate are of Goleta Real Estate South for the Home Estate/PUD market from March 30 to April 30 there were 6 sales this year with a median sold price of $491,250 and an average sales price of $508,416. Last year there were 11 sales with a median sales price of $676,000 and an average sales price of $812,681. This year there were 12 escrows opened with a median list price of $554,400 and last year there were 17 escrows opened with a median list price of $660,000. Right now there are 34 Home Estate/PUDs available for purchase in Goleta South with a median list price of $743,500 and an average list price of $939,314 million.
For the condo market in Goleta Real Estate South for the same period there were 5 sales this year with a median sales price of $469,000 and an average sales price of $397,600. Last year there were 10 sales with a median sales price of $341,000 and an average sales price of $381,760. This year 7 escrows were opened with a median list price of $350,000 and last year 10 escrows were opened with a median list price of $296,900. Right now there are 12 condos available for purchase with a median list price of $369,000 and an average list price of $376,750.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the period of March 30 to April 30 there were 2 sale this year compared to 4 last year. The median sales price this year is $2,837,500 and last year the median sales price was $4,225,000 and the average sales price was $4,312,500. There were 3 escrows opened this year with a median list price of $1.85 million and last year there were no escrows opened. Right now there are 25 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.35 million and an average list price of $4.735 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 March 30 to April 30 there were 15 sales with a median sales price of $702,000 and an average sales price of $890,633. Last year there were 21 sales with a median sales price of $841,950 and an average sales price of about $980,521. For the same time period there were 16 opened escrows this year with a median list price of about $697,500 and last year there were 23 opened escrows with a median list price of $799,000. Right now there are 78 Home Estate/PUDs available for purchase on the West Side of Santa Barbara with a median list price of $904,500 and an average list price of $1.137 million.
For the condo market for the same time period on the West Side of Santa Barbara Real Estate there were 6 sales this year with a median sold price of $702,500 and an average sales price of about $719,733. Last year there were 7 sales with a median sales price of $520,000 and an average sales price of $524,142. This year 11 escrow opened with a median list price of $429,000 and last year there were 6 escrows opened with a median list price of $487,000. Right now there are 34 condos available for purchase on the West Side of Santa Barbara with a median list price of $544,000 and an average list price of 651,497.
For Santa Barbara Real Estate East of State St for Home Estate/PUDs there were 17 sales from March 30 to April 30 with a median sold price of $970,000 and an average sold price of $958,261. Last year there were 21 sales with a median sold price of $951,000 and an average sold price of $1,242,723. During that same time period there have been 24 opened escrows with a median list price of $949,000 and last year there were 31 escrows opened with a median list price of $1,210,000. Right now there are 135 Home Estate/PUDs available for purchase on the East Side of Santa Barbara with a median list price of about $1.2 million and an average list price of $1.608 million.
For the Condo Market on the East of State side of town for Santa Barbara Real Estate this year there has been 4 sale this year compared to 5 last year. The median sales price on those 4 is $501,000 and the average sales price is $524,125. Last year there were 5 sales with a median sales price of $850,000 and average sales price of $823,000. This year 5 escrows were opened this year with a median list price of $545,000 and last year there were 6 opened escrows with a median list price of $534,250. Right now there are 52 condos available for purchase on the East Side of Santa Barbara with a median list price of $620,000 and an average list price of $787,494.
Santa Barbara Real Estates area of Montecito Real Estate for the Home Estate/PUD market there were 17 sales from March 30 to April 30 compared to 16 last year and the median sales price went down from $3.7 million last year to $2.25 million this year. The average sales price also went down from $5.54 million last year to $2.88 million this year. This year there have been 22 escrows opened with a median list price of $2.63 million and last year there were also 15 escrows opened with a median list price of about $4.725 million. Right now there are 167 Home Estate/PUDs available for purchase in Montecito with a median list price of $3.075 million and an average list price of $5.312 million.
For the Condo market in Montecito Real Estate for the same period there were no sales this year and last year there was 1 sale for $1,225,000. There were no escrows opened this year and last year there were 3 escrows opened with a median list price of $869,900. Right now there are 25 condos available for purchase in Montecito with a median list price of $1.325 million and average list price of $1.496 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 March 30 to April 30 there were 10 sales this year compared to 7 last year and the median sales price on those 10 was $576,000 and last year the median sales price on the 7 was $675,000. The average sales price was down from about $3 million last year to $1,085,000 this year. There were 12 opened escrows this year with a median list price of $807,000 compared to 6 last year with a median list price of $791,750. Right now there are 58 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1,275,000 and an average list price of about $3.07 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 7 last year but the median sales price went down from $425,000 to $353,500. The average sales price also went down from $391,200 to $368,342. This year there were 7 escrows opened with a median list price of $399,900 and last year there were 6 escrows opened with a median list price of $644,500. Right now there are 25 condos for sales in Carpinteria/Summerland with a median list price of $499,000 and an average list price of $596,440.
For the Santa Barbara Real Estate area of Goleta Real Estate for the first 4 months of 11 for Home Estate/PUDs there have been 51 sales compared to 50. The median sales price has dropped from $715,000 last year to $699,000 this year but the average sales went up from about $775,000 last year to about $885,000 this year. The numbers of escrows went down however from 65 last year to 58 this year with a median list price dropping from about $750,000 last year to approximately $680,000 this year. The sales price to original list price ratio dropped from 96% to 88%. Currently there are 91 Home Estate/PUDs available for purchase with a median list price of $885,000 and an average list price of just over $1.161 million.
For the Santa Barbara Real Estate area of Goleta Real Estate North for the first four months of 11 there have been 7 sales compared to 14 last year. But the median sales price has gone down from $405,000 last year o $365,000 this year. The average sales price went up however rising from $384,178 last year to $414,285 this year. The numbers of escrows has gone down from 18 last year to 12 this year and the median list price on those escrows fell from $419,000 last year to about $377,000 this year. The sales price to original list price ratio also fell from 96% to 90% this year. Right now there are only 11 condos available for purchase with a median list price of $405,000 and an average list price of about $430,000.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first 4 months of 11 for the Home Estate/PUD market there have been 16 sales compared to 25 last year and the median sales price has dipped from $625,000 last year to $602,500 this year. The average sales price has also fallen from $723,193 last year to about $645,000 this year. The numbers of escrows is also very close together falling slightly from 31 in 10 to 28 in 11 and the median list price on those escrows has also dipped a little from $699,000 last year to $567,000 this year. The sales price to original list price ratio has gone down a little however going from 94% last year to 91% this year. Right now in Goleta South there are 34 Home Estate/PUDs available for purchase with a median list price of about $743,500 and an average list price of $939,314.
For the Santa Barbara Real Estate area of Goleta Real Estate South for the first four months of 11 in the Condo market there have 15 sales compared to 17 last year but the median sales price has dipped from just under $300,000 last year to about $370,000 this year. The average sales price has also gone from $367,447 in 10 to $377,870 in 11. The sales price to original list price has gone down from 98% in 10 to 92% in 11. Currently there are 12 condos available for purchase in the Goleta South area with a median list price of $369,000 and an average list price of about $376,750.
Analysis of Santa Barbara Real Estate through the end of April 08 for Santa Barbara, Montecito, Hope Ranch, Carpinteria/Summerland and Goleta
Through the month of April 11 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 dipped to 68 from 86 in March but up from 49 in February. But, while the numbers of sales slid the median sales price rose from $727,000 in March to $870,000 in April. The primary reason the median sales price rose is that sales in the $500,000 to $700,000 went down from 28 in March to 16 in April with sales below $1 million falling from 53 in March to 39 in April. Sales from $1 to $2 million went up however from 17 to 19 while sales from $2 million dropped from 13 to 10 with the primary decline being sales over $5 million which fell from 5 to 3.
Comparing the 1st 4 months of 2010 with 2011 we see that sales are down by about 8% with 245 through April 11 and the median sales price for the year has fallen by about 4% to $810,000. The numbers of escrows are up however going from 308 last year to 329 this year for a 6.8% rise. Other important numbers include the sales price to original list price ratio which has gone up from 79% last year to 87% this year and the days on the market which has declined from 97 to 84.
Looking at the districts, Carpinteria/Summerland sales are down from 26 last year to 22 with the median sales price falling from $835,000 to $617,500. The numbers of escrows are way up however going from 19 with a median list price of $679,000 to 31 with a median list price of $737,000. In Montecito, sales are up from 39 last year to 43 with the median sales price dipping a little from $2.45 million to $2.35 million. But, the numbers of escrows are way up going from 44 in 10 with a $2.625 million list price to 66 with a $2.537 median list price.
The East Side of Santa Barbara has sales down from 69 last year to 61 and the median sales price dropping slightly from $925,000 to $920,000. The numbers of escrows are up a little however going from 87 last year with a median list price of $1.06 million to 89 this year with a $977,500 median list price. For the West Side, sales are down a bit dropping from 58 to 57 with the median sales price down a lot from $800,000 in 10 to $682,000 in 11. The numbers of escrows are also down from 70 to 67 with the median list price on those escrows falling from $824,000 to $745,000.
In Hope Ranch sales have dropped from 9 in 10 to 7 in 11 with the median sales price going down by about half from $3.5 million last year to $1,787,500 this year. The numbers of escrows are up however rising from 8 with a median list price of $2.475 million to 11 with a median list price of just under $2 million.
Goleta South sales are way off from 26 in 10 to 16 in 11 with the median sales price falling from $625,000 to $602,500. The numbers of escrows are also off, falling from 34 with a $699,000 median list price to 27 with a median list price of $567,000. Goleta North has sales up by 2 from 49 in 10 to 51 in 11 but the median sales price dropped from $715,000 to $699,000. The numbers of escrows are down from 65 last year with a $749,500 median list price to 54 with a $682,000 median list price.
Escrows continue to pile up in the greater Santa Barbara area with about 100 showing up in April and the median list price on those escrows has bounced back up to around $870,000 after being below $800,000 in March. The $500,000 to $700,000 market fell off in April due to a lack of inventory in that price range but there is still a substantial amount of activity farther up in the market. The spring time listings are starting to appear with the overall inventory rising about 15% over the March numbers.
For condos in April, sales fell from March when there were 21 ending the month with 17 sales. The median sales price also continued falling to $390,000 down from $399,000 in March. That number represents the second lowest median sales price in the last 12 months falling from a high of $475,000 in October 2010. Through the 1st 4 months of 2011 there have been 70 sales down by about 28% from 2010 and the median sales price of $399,000 is off by about 6.6% from the previous year. The numbers of escrows have also fallen from 116 last year to 99 this year for a 14.7% decline with the median list price on those escrows down by 14%. The sales price to original list price ratio has remained stable however in the 90th percentile but the average days it takes to get an accepted offer rose from 69 in 10 to 82 in 11.
The sales that occurred in April are concentrated in the lower end with 12 of the 17 closed escrows below $500,000. There was 1 sale over $1 million however on the East Side close to the beach and then 1 in the $900,000 range for a condo close to Paseo Nuevo.
Unlike single family homes, the inventory for condos did not surge forward significantly in April remaining around 150 units for sale with a $575,000 median list price and an approximately $780,000 average list price.
Looking at the districts, Carpinteria/Summerland sales are down by 1 from 20 last year to 19 this year but the median sales price fell from $386,500 to $350,000. The numbers of escrows are even however with 25 in 10 with a $427,000 median list price and 24 in 11 with a $363,000 median list price. Montecito condo sales are down from 6 to 5 with the median sales price going from $1,087,500 to $645,000. The numbers of escrows is down even further falling from 7 with a $1,075,000 median list price to 4 with a median list price of $998,000.
The East Side of Santa Barbara has sales down from 21 to 11 with the median sales price dropping from $430,000 to $420,000. The numbers of escrows are also down from 20 with a $529,700 median list price to 14 with a $545,000 median list price. On the West Side of town sales are down from 21 to 13 with a median sales price dropping from $464,500 to $425,000. The numbers of escrows are down from 30 with a $497,000 median list price to 24 with a $409,500 median list price.
Goleta South sales are up from 17 to 19 and median sales price is up from $295,000 to $369,000. The numbers of escrows are also up from 21 with a $296,800 median list price to 23 with a $350,000 median list price. Goleta North has sales down by half from 14 to 8 with the median sales price down from $405,000 to $370,000. The numbers of escrows is also down from 18 with a $419,000 median list price to 13 with a $379,000 median list price.
The condo market continues to sputter with both the numbers of sales and the median sales price dropping for the month. The median sales price through the end of April 2011 continues to hover right around the 2002 level with no signs that its going to be moving up any time soon.
On the other side of the coin, the single family home market, despite being behind last years numbers of sales looks like it is stabilizing and may even be moving forward. The median sales price after dropping significantly in March rebounded nicely to the mid $800,000 level and with the numbers of escrows piling up the housing market should start moving forward.
Gary Woods
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 4 months of 11 for the Home Estate/PUD market there have been 6 sales compared to 9 last year and the median sales price has gone down from $3.5 million last year to $1,787,500 this year. The average sales price has also gone down from over $4 million last year to $2.7 million this year. The numbers of escrows is not so far up rising from 8 in 10 to 10 in 11 with the median list price on those escrows actually declining from $2.475 million to just under $2 million. The sales price to original list price ratio has risen slightly from 83% last year to 80% this year and right now in Hope Ranch there are 25 Home Estate/PUDs available for purchase with a median list price of $3.35 million and an average list price of $4.735 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first four months of 10 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 11 for Home Estate/PUDs there have been 53 sales compared to 55 last year and the median sales price has gone down from $8