Wednesday, June 13, 2012

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!

 
A big thanks to Gary Woods, member of the SB MLS Economic
Review Committee for keeping the troops informed on the stats!

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