Thursday, November 11, 2010
Sunday, August 22, 2010
Santa Barbara's Real Estate Stats through July - Summary
If you would like to look at the entire Real Estate Statistical Report, visit NicoleByrnes.com
Santa Barbara Real Estate from Carpinteria to Goleta for July ‘10 including Montecito, Hope Ranch and Summerland.
For the Home Estate/PUD market of Santa Barbara, Montecito, Hope Ranch, Carpinteria, Summerland and Goleta sales rose in the month of July 2010 after declining from April to June. Going from 89 in April, 85 in May and 82 in June the numbers of sales rose to 84 for July. The median sales price slid slightly however to $871,250 from $915,000 the previous month but the average sales price rose from $1.2 million in June to about $1.5 million in July. The average days on the market that it took to get an accepted offer remained at about 75 for July which is down from earlier in the year when it was in the mid 80s.
The numbers of opened escrows for the month fell back to the low 80s where they've been for most of the year after rising to over 100 in June. But, the median list price on those escrows fell below $800,000 dropping from close to $900,000 the previous month while the average days on the market that it took to get those accepted offers continued at right around 70.
The inventory of houses listed for sale went up to around 680 for the month with approximately 165 new listings coming on the market. The median list price on those new listings was just below $1 million while the median list price of the overall inventory remained at about $1.575 million.
Looking at the first 7 months of '10 compared to '09 the numbers of sales are still dramatically ahead of where they were last year but the median sales price is starting to come back to what it was last year at this time after being ahead of last year's numbers for most of this year. The numbers of escrows for '10 are also still ahead of the '09 pace but the median list price of those escrows is declining to right about where it was last year after being above last year’s median list price most of the year.
Looking at the Districts, starting out in Carpinteria/Summerland the numbers of sales are still ahead of where they were last year with 38 compared to 35 but the median sales price of $675,000 this year finally fell below where it was last year when it was about $690,000. The numbers of escrows this year are way behind where they were last year so things are currently not looking very good for Carpinteria/Summerland home sales at this time.
For Montecito, there have been 79 Home Sales so far this year up from 71 last year and the median sales price is up from $2.25 million in '09 to about $2.5 million in '10. The escrows are also up from 84 to 93 this year but the median list price on those escrows has dipped slightly from $2.8 million last year to $2.75 million this year.
On the East Side of Santa Barbara home sales are way up from about 116 last year to 141 this year with the median sales price also up from $900,000 last year to $1 million this year while the average sales price is also up from $1.06 million in '09 to $1.24 million in '10.
On the West Side of Santa Barbara sales are also up from 96 last year to 112 this year with the median sales price rising from about $750,000 last year to $800,000 this year. The average sales price is also up from $835,000 last year to $950,000 this year and the escrows are way up from 107 in '09 to 135 in '10.
After being way ahead of last year's pace all year things have gotten quiet in Hope Ranch. There have been 11 sales so far this year compared to 8 last year and the median sales price is up from $2.35 million to just under $3 million. But, the numbers of escrows have fallen behind the '09 pace with only 1 home currently in escrow which is listed for $1.95 million.
For Goleta South the numbers of sales are still ahead of '09 with 63 this year compared to 48 last year but the median sales price has dropped from $705,000 in '09 to $665,000 in '10. The numbers of escrow are even closer with 55 in '09 compared to 62 this year but the median list price on those escrows for both years is right at $725,000.
On the North Side of Goleta sales are also up from 87 last year to 98 this year and the median sales price is up from $707,000 last year to $732,000 this year. The average sales price is also very close rising from $840,000 last year to $870,000 this year.
Up until this point the '10 numbers have been substantially ahead of the '09 numbers for sales as well as median and average sales price but that should start to change because the second half of '09 started to move forward and it looks like the second half of '10 is starting to pull back.
July marked the 3rd month in a row for declining condo sales. The numbers of sales having fallen from 37 closings in May to 34 in June down to 22 in July. The median sales price fell from May to June but leveled out in July going from $467,000 in May to $437,000 in June and stayed at about $436,000 in July. The average days on the market for those approximately 20 sales was rather brisk however coming in at 34 and the sales price to original list price ratio went up to over 95%.
The pended properties declined for the past 3 months dropping from 35 in May to 31 in June and to about 24 in July and the median list price on those pended properties dropped from $473,000 in May to $439,000 in June but came back up in July to about $479,000.
There were about 50 new listings that came on the market for the month with a median list price of about $480,000 and the overall inventory rose to about 155 available properties with a median list price of approximately $555,000 and an average list price of about $830,000.
Looking at the Districts, Carpinteria/Summerland sales are up from 26 to 39 this year while the median sales price continues to hover right around $390,000. Montecito condo sales are still way ahead with 12 compared to 2 last year but the median sales price for both years is right around $1.06 million.
On the East Side of Santa Barbara sales are up from 34 to 44 but the median sales price has dropped from $517,000 in '09 to about $465,000 in '10. The West Side of Santa Barbara also has sales above the '09 level with 46 this year compared to 36 last year and the median sales price is very close but dropping slightly from $505,000 last year to $495,000 this year.
Goleta South sales are down from 42 to 27 this year with the median sales price dropping from $455,000 to $355,000 and there are only 6 condos available for purchase in the area and the Goleta North sales show 25 for both years while the median sales price rose a little from $380,000 last year to $400,000 this year.
With sales of both homes and condos falling for the past few months and the median sales price for homes coming back to where it was last year at this time things could be cooling off for the last half of '10. The end of the first time buyer credit has brought sales down even though we still have record low interest rates. There are definitely buyers out there but getting them to commit at this time seems to be more difficult.
-Gary Woods
Tuesday, August 3, 2010
Wednesday, June 16, 2010
The May Santa Barbara Real Estate Stats are in!
My blog has been super neglected! It is a good thing though, it means I have been BUSY! I now have a moment to take a breather and therefore I bring you The Good, The Bad & The Ugly - May's RE Stats.
Santa Barbara Real Estate for January through May ’10 including Carpinteria, Summerland, Montecito, Hope Ranch and Goleta.
For May of 2010 for Santa Barbara, Montecito, Hope Ranch, Carpinteria/Summerland and Goleta the Home Estate/PUD there were 83 sales dropping from 89 in April. The April sales surge looked like it was going to keep going into May because of the substantial number of escrows that opened during April but sales fell back somewhat.
With the declining numbers of sales, the median sales price rose however from $865,000 in April to about $905,000 in May. This rise in the median sales prices was caused by sales below $1 million falling from about 50 in April to right around 45 in May. Accompanying that drop in sales below $1 million was a drop in the over $2 million sales falling from 18 in April to 10 in May. But, sales in the $1 to $2 million range rose from 19 to 28 for the month bringing up the overall median sales price.
There were about 85 Homes that went into escrow for May which dropped from approximately 120 opened escrows in April. But, the median list price on those escrows remained steady at around $880,000. The inventory grew about 10% for the month up to around 625 but the median list price on those properties for sale remained stable at about $1.7 million. The median list price on the more than 160 new listings that appeared during May did drop however down to roughly $1.1 million.
Looking at the Districts, starting out in Carpinteria/Summerland for Home Estate/PUDs, sales are up from 18 in ’09 to 29 in ’10 and the median sales price has gone up from $632,000 last year to about $850,000 this year. But, when you look at the pending listings they have dropped from 26 in ’09 to 24 in ’10 with the median list price for those escrows coming in this year at $679,000 compared to about $700,000 last year.
In Montecito sales are up from 44 in ’09 to 51 in ’10 with the median sales price rising slightly from $2.35 million to about $2.45 million this year. But, the escrows are way up this year from 45 in ’09 with a median list price of about $2.6 million to 58 in ’10 with a median list price of $2.5 million.
On the East Side of Santa Barbara sales are up from 70 last year to 98 this year with the median sales price going up from $910,000 last year to $951,000 this year. The pended listings are also up from 74 to 99 with a similar rise in the median list price for those opened escrows. For the West Side sales are also up from 58 to 70 with the median sales price rising from $775,000 last year to $810,000 this year.
In Hope Ranch sales are up from 5 in ’09 to 10 in ’10 with the median sales price going up from $2.55 million last year to $3.23 million this year. The average sales price is also up from $2.55 million last year to $3.83 million this year soaring by almost $1 million.
In Goleta South sales are basically where they were last year going from 33 in ’09 and 37 in ’10 but the median sales price has declined from $690,000 last year to $630,000 this year. In Goleta North, sales are up from 51 last year to 68 this year with the median sales price coming up only slightly from $715,000 in ’09 to $722,500 in ’10.
With the first time buyer credit coming to an end in April the sales below $1 million took a hit but sales above $2 million also fell off. With the rise in the numbers of sales from $1 to $2 million the Price Range Statistic ratios more closely resemble what we’ve been used to seeing in Santa Barbara. But, if we are to continue moving forward the sub $1 million sales will have to remain robust also. Of the almost 625 current Home listings only about 250 of those are below $1 million so that segment of the inventory needs to grow in order for the market to continue expanding.
For condos in Santa Barbara for the month of May ’10 sales went up to 35 from 32 in April and 27 in March and the median sales price rose to $495,000 for the month up from $456,000 in April and $415,000 in March. But, what didn’t go up was the numbers of escrows which rose from 35 in March to 40 in April and rose to 42 in May. The median list price on those escrows remained stable however at around $475,000 for May but up from March when that number was about $440,000.
The inventory also did not go up however remaining at around 150 condos for sale from Carpinteria to Goleta with the median list price on those properties continuing to hover around $625,000. There were only 34 new listings that came on the market during May to replace the 35 sold listings but they came on the market at a good number with a $499,000 median list price.
Of the 35 properties that sold, 15 of them were at $500,000 and over with 3 over $1 million and 2 of those over $2 million, while 1 condo sold just below $1 million. This surge in the over $500,000 market is a return to the sales of more expensive condos which had declined substantially in the previous months.
Looking at the Districts, starting in Carpinteria/Summerland sales are double from where they were last year rising from 14 to 28 and the median sales price has come up a little going from $395,000 in ’09 to $401,000 in ’10. The pending numbers are also up going from 19 last year to 26 this year so the surge should continue in the area.
In Montecito sales are up from 1 last year to 8 this year with the median sales price at about $1.1 million and the average sales price close to $1.3 million up from $679,000 for the only sale last year. The trend should continue in Montecito with 11 opened escrows this year at a $1,050,000 median list price up from 1 escrow last year with a list price of $729,000
On the East Side of Santa Barbara sales are up from 19 in ’09 to 29 in ’10 but the median sales price has declined from $528,000 last year to about $460,000 this year. The pending numbers are a lot closer together with 29 opened escrows in ’09 compared to 33 in ’10 and the median list prices are also close together going from $525,000 in ’09 to $519,500 in ’10.
For the West Side of town there are 33 sales this year compared to 19 last year but the median sales price has dropped from $520,000 last year to about $465,000 this year. The escrows are also way ahead of where they were last year with 40 opened this year compared to 25 last year and the median list price on those escrows is very close falling from $525,000 in ’09 to $515,000 in ’10.
In Goleta South there were 21 sales in both years but the median sales price has dipped from $410,000 last year to $355,000 this year. The escrows are way behind however with 35 last year compared to 25 this year and the median list price on those escrows has dipped from $419,000 last year to $339,900 this year.
For Goleta North there have been 16 sales this year compared to 14 last year with the median sales price rising from $360,050 in ’09 to $405,000 in ’10. The escrows show a slight bulge this year with 25 compared to 21 last year and the median list price on those escrows has risen from $365,000 last year to $419,000 this year.
Condo prices are starting to rise and as long as fewer properties come on the market than sell the inventory will continue to decline which should push prices up further. So the questions are, with the first time buyer credit coming to an end in April will the surge in condo sales continue, and second if prices do continue to go up will that spur the sellers to bring their properties onto the market?
-Gary Woods
Santa Barbara Real Estate for January through May ’10 including Carpinteria, Summerland, Montecito, Hope Ranch and Goleta.
For May of 2010 for Santa Barbara, Montecito, Hope Ranch, Carpinteria/Summerland and Goleta the Home Estate/PUD there were 83 sales dropping from 89 in April. The April sales surge looked like it was going to keep going into May because of the substantial number of escrows that opened during April but sales fell back somewhat.
With the declining numbers of sales, the median sales price rose however from $865,000 in April to about $905,000 in May. This rise in the median sales prices was caused by sales below $1 million falling from about 50 in April to right around 45 in May. Accompanying that drop in sales below $1 million was a drop in the over $2 million sales falling from 18 in April to 10 in May. But, sales in the $1 to $2 million range rose from 19 to 28 for the month bringing up the overall median sales price.
There were about 85 Homes that went into escrow for May which dropped from approximately 120 opened escrows in April. But, the median list price on those escrows remained steady at around $880,000. The inventory grew about 10% for the month up to around 625 but the median list price on those properties for sale remained stable at about $1.7 million. The median list price on the more than 160 new listings that appeared during May did drop however down to roughly $1.1 million.
Looking at the Districts, starting out in Carpinteria/Summerland for Home Estate/PUDs, sales are up from 18 in ’09 to 29 in ’10 and the median sales price has gone up from $632,000 last year to about $850,000 this year. But, when you look at the pending listings they have dropped from 26 in ’09 to 24 in ’10 with the median list price for those escrows coming in this year at $679,000 compared to about $700,000 last year.
In Montecito sales are up from 44 in ’09 to 51 in ’10 with the median sales price rising slightly from $2.35 million to about $2.45 million this year. But, the escrows are way up this year from 45 in ’09 with a median list price of about $2.6 million to 58 in ’10 with a median list price of $2.5 million.
On the East Side of Santa Barbara sales are up from 70 last year to 98 this year with the median sales price going up from $910,000 last year to $951,000 this year. The pended listings are also up from 74 to 99 with a similar rise in the median list price for those opened escrows. For the West Side sales are also up from 58 to 70 with the median sales price rising from $775,000 last year to $810,000 this year.
In Hope Ranch sales are up from 5 in ’09 to 10 in ’10 with the median sales price going up from $2.55 million last year to $3.23 million this year. The average sales price is also up from $2.55 million last year to $3.83 million this year soaring by almost $1 million.
In Goleta South sales are basically where they were last year going from 33 in ’09 and 37 in ’10 but the median sales price has declined from $690,000 last year to $630,000 this year. In Goleta North, sales are up from 51 last year to 68 this year with the median sales price coming up only slightly from $715,000 in ’09 to $722,500 in ’10.
With the first time buyer credit coming to an end in April the sales below $1 million took a hit but sales above $2 million also fell off. With the rise in the numbers of sales from $1 to $2 million the Price Range Statistic ratios more closely resemble what we’ve been used to seeing in Santa Barbara. But, if we are to continue moving forward the sub $1 million sales will have to remain robust also. Of the almost 625 current Home listings only about 250 of those are below $1 million so that segment of the inventory needs to grow in order for the market to continue expanding.
For condos in Santa Barbara for the month of May ’10 sales went up to 35 from 32 in April and 27 in March and the median sales price rose to $495,000 for the month up from $456,000 in April and $415,000 in March. But, what didn’t go up was the numbers of escrows which rose from 35 in March to 40 in April and rose to 42 in May. The median list price on those escrows remained stable however at around $475,000 for May but up from March when that number was about $440,000.
The inventory also did not go up however remaining at around 150 condos for sale from Carpinteria to Goleta with the median list price on those properties continuing to hover around $625,000. There were only 34 new listings that came on the market during May to replace the 35 sold listings but they came on the market at a good number with a $499,000 median list price.
Of the 35 properties that sold, 15 of them were at $500,000 and over with 3 over $1 million and 2 of those over $2 million, while 1 condo sold just below $1 million. This surge in the over $500,000 market is a return to the sales of more expensive condos which had declined substantially in the previous months.
Looking at the Districts, starting in Carpinteria/Summerland sales are double from where they were last year rising from 14 to 28 and the median sales price has come up a little going from $395,000 in ’09 to $401,000 in ’10. The pending numbers are also up going from 19 last year to 26 this year so the surge should continue in the area.
In Montecito sales are up from 1 last year to 8 this year with the median sales price at about $1.1 million and the average sales price close to $1.3 million up from $679,000 for the only sale last year. The trend should continue in Montecito with 11 opened escrows this year at a $1,050,000 median list price up from 1 escrow last year with a list price of $729,000
On the East Side of Santa Barbara sales are up from 19 in ’09 to 29 in ’10 but the median sales price has declined from $528,000 last year to about $460,000 this year. The pending numbers are a lot closer together with 29 opened escrows in ’09 compared to 33 in ’10 and the median list prices are also close together going from $525,000 in ’09 to $519,500 in ’10.
For the West Side of town there are 33 sales this year compared to 19 last year but the median sales price has dropped from $520,000 last year to about $465,000 this year. The escrows are also way ahead of where they were last year with 40 opened this year compared to 25 last year and the median list price on those escrows is very close falling from $525,000 in ’09 to $515,000 in ’10.
In Goleta South there were 21 sales in both years but the median sales price has dipped from $410,000 last year to $355,000 this year. The escrows are way behind however with 35 last year compared to 25 this year and the median list price on those escrows has dipped from $419,000 last year to $339,900 this year.
For Goleta North there have been 16 sales this year compared to 14 last year with the median sales price rising from $360,050 in ’09 to $405,000 in ’10. The escrows show a slight bulge this year with 25 compared to 21 last year and the median list price on those escrows has risen from $365,000 last year to $419,000 this year.
Condo prices are starting to rise and as long as fewer properties come on the market than sell the inventory will continue to decline which should push prices up further. So the questions are, with the first time buyer credit coming to an end in April will the surge in condo sales continue, and second if prices do continue to go up will that spur the sellers to bring their properties onto the market?
-Gary Woods
Monday, May 3, 2010
Friday, April 23, 2010
Don't Believe the Hype!
This is a good article about a topic that needs to be brought up more often - Greenwashing!
The word "green" is used way too often and gives the impression that an important topic/lifestyle/message is just a passing trend. It is not and should not be viewed in that light. Just because something has "green" in the title does not mean that it is good for you or the planet.
Monday, April 19, 2010
The Good Guide
I like this site for info and safety ratings on products that you are considering bringing into your home - covers everything from baby food to cleaning supplies. Check out the Good Guide.
Tuesday, April 6, 2010
Did you know that planting deciduous trees on the east and west sides of your house can help you save on utility bills? Because they drop their leaves in the fall, deciduous trees allow the sun to warm a home in the cold months and shield it from the sun in the summer months.
There are some trees are better on the North/South sides of your home too - click here to read more.
*photo from atlestore.com
Monday, March 22, 2010
What Fruits and Veggies are in Season Now?
Peak Season for a fruit or veggie means they have developed their fullest amounts nutrients and vitamins - more benefits for us if we eat them then!
Trying to eat more greens and want only what's in season?
Here's your list for the end of March through April.
March:
Broccoli
Lettuce
Kiwi
Mangoes
Pineapple
April:
Artichokes
Asparagus
Broccoli
Lettuce
Rhubarb
Spring Peas
Zucchini
Asparagus
Broccoli
Lettuce
Rhubarb
Spring Peas
Zucchini
Kiwi
Mangoes
Pineapple
Mangoes
Pineapple
Thursday, March 11, 2010
Sustainable Real Estate Newsletter & Real Estate Stats
Click Here for your monthly Sustainable Real Estate newsletter.* TAX CREDITS!!!! (Time is running out!)
- You may qualify for the $6500 "Move-up Buyer" tax credit.
The Stats are In!
* For more information and YTD statistics click on the link above and open the article
"Santa Barbara Area Statistics."
* You can also view a more detailed report with graphs at NicoleByrnes.com and click on "monthly market real estate stats"
A quick summary of what happened in the month of February 2010:
- Median Sale Price = $795,000
- This is the same median sale price as in 2003
- Median List Price for sold properties is $829,00
- This is a 96% INCREASE from February 2009.
Highest price sold property:
$12,943,000 - 1169 Hill Rd in Montecito
Lowest priced sold property:
$374,325 - 5694 Alondra in Goleta
* There are New Rules for FHA borrowers
* Want to switch to Compact Flourescent Lightbulbs (CFLs)?
-According to the EPA, in 2007, Americans saved $1.5 billion by switching to ENERGY STAR-qualified CFLs.
-Now there's a variety of CFLs to choose from; everything from dimmer bulbs, to ones
for your chandelier. CHECK IT OUT!
P.S. Don't forget to "Spring Forward" this Sunday March 14th. Day Light Savings!
Friday, February 12, 2010
Green Wall - Parabienta
Parabienta is a living wall of green developed by Japan-based Shimizu Corporation. This relatively low-cost, greening system is light weight and works quite sufficiently as insulation, thus reducing a building's energy costs . Different plants can be used and you can do a variety of designs. Looks pretty cool too, right? For more information visit Tree Hugger
Monday, February 8, 2010
Turning Plastic Bottles into Flowers
Notice the displays in Anthropologie windows lately? Many of them are decorated with ornate, brightly colored flowers made of - plastic bottles. How very creative - love it. Here's some ideas on how to make your own bouquet, or visit Instructables.com
1. Cut around the bottom grooves
so that you have one piece that looks kinda like a flower.
2. Punch some holes, or use a hot needle to make holes.
Gather some string, fishing line, dental floss, or metal craft rings.
3. String them together and VIOLA! You have an instant wall hanging, doorway curtain, or privacy blinds for your window.
Also, you can also make a hole in the middle of them and insert a LED into each of them for some pretty flower lights!
2. Punch some holes, or use a hot needle to make holes.
Gather some string, fishing line, dental floss, or metal craft rings.
3. String them together and VIOLA! You have an instant wall hanging, doorway curtain, or privacy blinds for your window.
Also, you can also make a hole in the middle of them and insert a LED into each of them for some pretty flower lights!
Some facts about plastic, pulled from earth 911.com:
*90% of the cost of bottled water is due to the bottle itself
*80% of plastic bottles are not recycled
*38 million plastic bottles go to the dump per year in America from bottled water (not including soda)
*24 million gallons of oil are needed to produce a billion plastic bottles
*The average American consumes 167 bottles of water a year
*Bottling and shipping water is the least energy efficient method ever used to supply water
*Bottled water is the second most popular beverage in the United States
Thursday, January 28, 2010
California Adopts Greenest Building Codes
A new commercial building code called Calgreen will effect newly constructed schools, malls, hospitals...and takes effect January 2011.
Calgreen will require these buildings to have low-flow plumbing, non-VOC paints, construction waste to be recycled and more. Read a full article by clicking here
Friday, January 8, 2010
Smart Meters - Care to Use One?
Heard this on NPR this morning and thought that some of you might find it interesting. I am curious to know what you think? If you were to see where most of your energy bill was coming from, would you curb usage?
January 8, 2010
It's said that information is power but could information mean less power, when it comes to electricity use? Environmentalists and makers of so-called smart meters are convinced that's the case. They say if consumers could see in real time how much power they're using, they'd conserve more. But some behavioral economists say no way. They say electricity is so cheap that real-time information might lead people to run their lights and gadgets even more.
Sunday, January 3, 2010
Recycle Your Christmas Tree!
Your tree must be free of ornaments, tinsel, etc to be recycled.
If you live in a single-family home in Carpinteria, Goleta, Hope Ranch, Isla Vista, Montecito, or Summerland, or in the Cities of Santa Barbara or Goleta, and you are a customer of Allied Waste or MarBorg, you can place your tree in or next to your green waste container or next to your trash container on your collection days.
Where to drop off:
South Coast Recycling & Transfer Station 4430 Calle Real, Santa Barbara Open Monday through Saturday from 7am - 5 pm.
Questions?
Call the County Public Works Dept. Resource & waste management 805.882.3616 or visit Less is More
*image courtesy of tinyoranges.com
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