Santa Barbara Real Estate through the end of October ‘14 for Montecito, Hope Ranch, Santa Barbara, Goleta, Carpinteria and Summerland
CONDOS: For the Condo segment of the market sales rose to about 40 in October up from 29 in September but down from 44 in August. The median sales price fell however from $615,000 in September to approximately $555,000 in October while the numbers of escrows stayed steady from 41 in September to about 40 in October with the median list price on those escrows also remaining where it was in the previous month from $589,000 in September to about $599,000 in October.
There were about 40 new condo listings that came on the market for the month with a median list price of about $514,000 falling from $599,000 and an average list price of approximately $760,000 falling from about $767,567 in September while the overall inventory fell in October from about 130 units for sale in September to approximately 105 in October.
Looking at the Districts, Carpinteria/Summerland sales are down from 76 to 35 with the median sales price rising from $441,000 to $525,000. The numbers of escrows are also down from 72 last year to 41 this year and the median list price on those escrows is up from $449,900 to $505,000.
Montecito condo sales are down with 26 in ’13 and 12 in ‘14 but the median sales price is up from $995,000 to $1,318,750. The numbers of escrows are also down with 28 in ’13 and 17 in ‘14 while the median list price on those escrows is up from $1,147,500 in ’13 to $1,300,000 in ‘14.
East of State St sales are down from 86 to 84 with the median sales price rising from $568,500 to $625,000. The numbers of escrows are up however going from 81 to 85 with the median list price on those escrows up from $585,000 last year to $649,000 this year.
West of State St sales are up from 94 to 97 with the median sales price rising from $542,500 to $639,000. The escrows also went up from 95 to 105 with the median list price on those escrows going from $542,000 to $639,450.
Goleta South sales are up from 60 to 85 with the median sales price up from $442,500 to $538,500. The numbers of escrows are also up with 63 in ’13 and 86 in ‘14 with the median list price on those escrows up from $444,500 last year to $549,900 this year.
Goleta North sales are up from 47 to 56 with the median sales price up from $419,000 to $455,000. The escrows are also up from 42 to 52 with the median list price on those escrows going up from $425,000 to $449,000.
***Courtesy of SBMLS