Santa Barbara Real Estate through the end of May ‘14 for Montecito, Hope Ranch, Santa Barbara, Goleta, Carpinteria and Summerland
Year over year sales are down about 23% with the median sales price up to roughly $1,100,000 for a 23% rise. The average sales price is also up going from just over $1.446 million in 2013 to approximately $1.67 million in 2014 but the numbers of escrows are down about 21% to roughly 455 with the median list price on those escrows up over 20% to about $1.149 million
Looking at the District:
CARPINTERIA/SUMMERLAND sales are down from 43 to 28 but the median sales price is up from $832,500 to $860,000. The numbers of escrows are also down from 45 to 34 with the median list price on those escrows rising from $849,000 last year to $1,000,000 this year.
MONTECITO sales are down going from 103 to 76 with the median sales price falling from $2,585,000 to $2.465 million. Escrows are also down going from 119 to 92 and the median list price on those escrows is down from $2.9 million to $2.822 million.
EAST OF STATE STREET sales are down going from 133 in ’13 to 125 in ‘14 but the median sales price is up from $933,500 to $1,245,000. The escrows are also down going from 150 to 123 with the median list price on those escrows rising from $999,500 last year to $1,239,000 this year.
WEST OF STATE STREET sales are down from 112 to 93 but the median sales price is up from $800,000 to $950,000. The numbers of escrows are down with 126 in ’13 compared to 93 in ‘14 but the median list price on those escrows is up from $854,900 last year to $897,000 this year.
HOPE RANCH sales are down from 17 to 11 but the median sales price is up from about $2 million to $3.7 million. The numbers of escrows are even however with 15 last year compared to 15 this year and the median list price on those escrows is up from $2.195 million in ’13 to $3.2 million in ‘14.
GOLETA SOUTH sales are down with 51 last year and 32 this year but the median sales price is up from $685,000 to $744,000. The numbers of escrows are also down from 47 to 36 with the median list price on those escrows rising from $698,500 to $766,500.
GOLETA NORTH sales are down with 92 in ’13 and 63 in ’14 with the median sales price rising from $753,595 to $844,500. The numbers of escrows are also down from 98 to 80 with the median list price on those escrows going up from $775,000 to $839,000.