Santa Barbara Residential Market Stats
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| Santa Barbara Courthouse |
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Current Market Trends as of June 24, 2010 according to the
Santa Barbara Multiple Listing Statistics
Sales are down across the board proving Santa Barbara is not immune to what is happening around the world! Although there has been some stabilization in average prices, sales volume is still way down, 28-32%. The one trend that I notice is that prices are returning to levels not seen since 2002/2003! That's great news for buyers in our market.
Here's the statistics at a glance for the first two quarters of 2010, first condos then single family residences and estates:
| Condos |
No. Sold 2009 |
No. Sold 2010 |
Sold Vol. 2009 |
Sold Vol. 2010 |
Avg. Price 2009 |
Avg. Price 2010 |
| Carpinteria/Summerland |
20 |
31 |
$9,863,000 |
$16,230,300 |
$493,150 |
$523,558 |
| Montecito |
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3 |
$20,946,450 |
$2,844,000 |
$1,611,265 |
$948,000 |
| Santa Barbara Eastside |
36 |
37 |
$27,934,900 |
$23,132,900 |
$775,969 |
$625,214 |
| Santa Barbara Westside |
46 |
40 |
$31,483,500 |
$23,555,800 |
$684,424 |
$588,895 |
| Goleta South |
45 |
49 |
$26,645,700 |
$22,133,463 |
$547,682 |
$451,703 |
| Goleta North |
26 |
31 |
$13,464,700 |
$12,280,600 |
$517,873 |
$396,148 |
| Houses/Estates |
No. Sold
2009 |
No. Sold
2010 |
Sold Vol.
2009 |
Sold Vol.
2010 |
Avg. Price
2009 |
Avg. Price
2010 |
| Carpinteria/Summerland |
40 |
48 |
$78,279,300 |
$66,210,530 |
$1,956,982 |
$1,379,386 |
| Montecito |
114 |
85 |
$542,213,211 |
$302,789,075 |
$4,756,256 |
$3,562,224 |
| Santa Barbara Eastside |
134 |
134 |
$178,755,866 |
$142,314,850 |
$1,333,999 |
$1,062,051 |
| Santa Barbara Westside |
95 |
104 |
$104,366,000 |
$86,314,999 |
$1,098,589 |
$829,952 |
| Hope Ranch |
13 |
10 |
$39,844,080 |
$29,967,500 |
$3,064,929 |
$2,996,750 |
| Goleta South |
55 |
52 |
$50,835,000 |
$48,858,550 |
$924,273 |
$939,588 |
| Goleta North |
109 |
93 |
$109,972,985 |
$77,773,045 |
$1,008,926 |
$1,139,887 |
This information pertains to SFR and condominiums only and does not include manufactured
housing or land. It also does not include 50 Million plus single sales.
It's obvious when you look at the statistics for the first two quarters of 2010, the numbers are down in volume, but show prices stabilizing as I predicted. This is a great time to get off the sidelines and take avantage of these great Santa Barbara prices.
If you are thinking of buying today, call me and I can tell you about my best buys of the week!
Santa Barbara...A destination of choice.
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