Wednesday, July 11, 2012

Summer Real Estate Sales Continue to Sizzle

Along with 2012 this chart incorporates the sales for the previous 5 years as well. It is not hard to see that the central coast real estate market is continuing its strong growth well into this summer. 

(Computer Originated County Recordings)

The market has definitely heated up.  We could start "feeling" the
activity in December, as the chart shows.  Spring is the typical
selling season, although in Santa Barbara we see sales spread over the
entire year, due to our favorable climate.  However, as the chart
shows, June slows down some, also quite typical, as school is out
and vacation time starts occupying people's attention.

Listing inventory is down, which is not typical.  However, the best 
buys on the low rung have sold, so the next level steps up the
price range, and with new inventory lagging, we may see a small
bump in prices as competition for the best buys continues.

New Listings,  year-to-date (Inventory)
(information from SB MLS)

TYPE: Home/Estate
Total Active
New Listings
District
Last Year
This Year
PCT
Last Year
This Year
PCT
05 - CARPINTERIA-SUMMERLAND
155
108
-30
102
66
-35
10 - MONTECITO
411
401
-2
244
244
0
15 - SB/EAST OF STATE
387
336
-13
282
234
-17
20 - SB/WEST OF STATE
249
248
-0
176
178
+1
25 - HOPE RANCH
56
51
-8
37
33
-10
30 - SB/GOL SOUTH
126
111
-11
88
85
-3
35 - SB/GOL NORTH
234
205
-12
156
149
-4


TYPE: Condo/Co-Op 
Total Active
New Listings
District
Last Year
This Year
PCT
Last Year
This Year
PCT
05 - CARPINTERIA-SUMMERLAND
83
55
-33
52
42
-19
10 - MONTECITO
46
49
+6
26
31
+19
15 - SB/EAST OF STATE
109
146
+33
77
112
+45
20 - SB/WEST OF STATE
100
75
-25
66
51
-22
30 - SB/GOL SOUTH
64
54
-15
47
42
-10
35 - SB/GOL NORTH
40
58
+45
32
45
+40


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