Santa Barbara Real Estate Market Update for end May

5180 Kara Drive, SB 93111

listed at $1,025,000

Single Family and PUD Homes	Total Active			2012 Year To Date Activity New Listings			For the Greater Santa Barbara Number Under Contract			Multiple Listing System Number Sold
District	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT
05 - CARPINTERIA-SUMMERLAND	133	97	-27	80	54	-32	33	38	+15	36	39	+8
10 - MONTECITO	370	361	-2	203	204	+0	82	115	+40	64	102	+59
15 - SB/EAST OF STATE	337	291	-13	232	189	-18	114	156	+36	85	125	+47
20 - SB/WEST OF STATE	212	215	+1	139	145	+4	86	130	+51	75	88	+17
25 - HOPE RANCH	52	43	-17	33	25	-24	15	10	-33	10	8	-20
30 - SB/GOL SOUTH	109	96	-11	71	70	-1	32	68	+112	27	49	+81
35 - SB/GOL NORTH	209	182	-12	131	127	-3	69	115	+66	62	86	+38

Montecito Beach Property

Through May, compared to last year, sales are up

from 340 to about 475

 for approximately a 40% rise 

while the median sales price is down a little

 from $810,000 last year to about $795,000

 for a 2% drop.

Escrows are up from 405 to about 605

for a 50% upswing 

with the median list price on

 those escrows going 

down 10% from $879,000 to about $800,000.

                With all the activity in sales and escrows

 the overall inventory remains at around 400 

Home Estate/PUDs available for purchase 

from Carpinteria to Goleta.

 Because the concentration of sales are

 below $1 million, the median list price 

on those homes has risen to about

 $1.95 million with the average list price 

hovering around $3.65 million.

Stay tuned. This week we find out from

local Economist, Dr. Mark Schniepp 

what the indicators are

for the next six months of Santa Barbara Real Estate

may look like!

to search the SB MLS for properties for sale, click here

 

A big thanks to Gary Woods, member of the SB MLS Economic

Review Committee for keeping the troops informed on the stats!