Santa Barbara home sales during October 2010 for all Santa Barbara communities, including all neighborhoods of the city of Santa Barbara, Montecito, Hope Ranch, Carpinteria, Summerland and Goleta declined from the activity seen during September. While the number of sales have declined 6 out of the last 7 months, there is good news. Two out of the last three months have seen more than 90 newly opened escrows. With this surge in pending home escrows, sales should remain strong through the remaining months of 2010. The median sales price decreased slightly from $879,000 in September to $864,000 in October; and the average sales price increased from $1.57 million in September to $1.63 million in October.
Time Period: 10/01/10-10/31/10
Property Type: Homes (excluding condos)
Areas Included: The greater Santa Barbara area, including Santa Barbara, Montecito, Hope Ranch, Carpinteria/Summerland and Goleta.
MARKET DATA*:
- Number of Closed Sales: 65, sales down from 74 in Sept ’10.
- Median Sales Price: $864,000, down from $879,000 Sept in ’10.
- Average Sales Price: $1.63 million, up from $1.58 million in Sept ’10.
- Sales Price to Original List Price Ratio: 80%, down from 92% in Sept ’10.
- Number of Pended Escrows: 96, up from 78 in Sept ’10.
- Total Inventory: 584 homes, down from 629 in Sept ’10.
- Number of New Listings: 115, down from 138 in Sept ’10.
- Median List Price of New Listings: $995,000, up from $975,000 in Sept ’10.
- Median List Price of Overall Inventory: $1.5 million, same as $1.5 million in Sept ’10.
Santa Barbara Home Sales Year To Date as of October 31, 2010
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Santa Barbara Median Sales Price Year to Date as of October 31, 2010
Thanks for reading this blog and I welcome your comments.
-Sylvia E. Miller
Cell: 805-448-8882
Remember my virtual compatriots, until we blog again, “Always Look on the Bright Side of Life” (from Monty Python)!
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Sylvia Elizabeth Miller, ‘The Right Realtor® For You’
Coastal Properties, Inc
1086 Coast Village Rd,
Santa Barbara, CA 93108
Email: sylvia@sanbarb.com ~ Cell:
805-448-8882 ~ Toll Free: 877-San-Barb
Web: SantaBarbaraConnection.com
Santa Barbara Real Estate Connection
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© Copyright Sylvia E. Miller, Sylvia Miller Real Estate Services Blog 2010. All rights reserved.
California Department of Real Estate #: 00558548
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