Santa Barbara Condo Market Report February 2014

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February 2014 Santa Barbara, Goleta, Montecito and Carpinteria real estate condo market report. Current activity, pending and sold condos. Average and median condo prices.

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Santa Barbara Condo Market Report February 2014

  1. 1. 1 of 8 Santa Barbara Real Estate Report Goleta | Santa Barbara | Montecito | Summerland | Carpinteria Condo Market February 2014 Todd Bollinger, Publisher Absorption Rate rule of thumb: ● A six month supply is considered a balanced market. ● Less than a six month supply favors a sellers market. ● More than a six month supply favors a buyers market. Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  2. 2. 2 of 8 Area Snapshot Condo Activity Carp/Sum Montecito SB E. SB W. SB/Goleta S. SB/Goleta N. Total/Average Currently Active 11 7 30 30 8 10 96 Pending Last Month 1 1 8 8 6 3 27 Sold Last Month 2 0 4 2 4 4 16 Ave. DOM (Days on Market) 44 0 70 61 50 34 43 Sold Last 12 Months 79 27 97 106 73 53 435 Condo Absorption Rate Carp/Sum Montecito SB E. SB W. SB/Goleta S. SB/Goleta N. Total/Average Month Supply 1.7 3.1 3.7 3.4 1.3 2.3 2.6 Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  3. 3. 3 of 8 Carpinteria / Summerland Currently Active Pending: 1 Month To Date Sold: 1 Month To Date Ave. DOM (Days on Market) $200,000­$249,999 $250,000­$299,999 $300,000­$349,999 $350,000­$399,999 $400,000­$449,999 $450,000­$499,999 $500,000­$549,999 $550,000­$599,999 $600,000­$649,999 $650,000­$699,999 $700,000­$749,999 $750,000­$799,999 $800,000­$849,999 $850,000­$899,999 $900,000­$949,999 $950,000­$999,999 $1,000,000­$1,099,999 Total Average Highest Median Lowest 0 0 0 0 1 3 2 2 0 1 1 1 0 0 0 0 0 11 $574,909 $789,000 $549,000 $431,000 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 $539,900 $539,900 $539,900 $539,900 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 2 $453,250 $670,000 $236,500 $236,500 6 0 0 0 0 0 0 0 0 82 0 0 0 0 0 0 0 44 Sold Last 12 Months 12 4 6 7 7 17 7 6 11 3 3 4 0 1 2 0 0 1 79 $481,255 $1,049,000 $445,000 $235,000 Ave. Sale Per Month % of Market Month Share Supply 0.3 0.5 0.6 0.6 1.4 0.6 0.5 0.9 0.3 0.3 0.3 0.0 0.1 0.2 0.0 0.0 0.1 6.6 5% 8% 9% 9% 22% 9% 8% 14% 4% 4% 5% 0% 1% 3% 0% 0% 1% 0.0 0.0 0.0 0.0 0.7 5.1 4.0 2.2 0.0 4.0 3.0 n/a 0.0 0.0 n/a n/a 0.0 1.7 Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  4. 4. 4 of 8 Montecito Currently Active Pending: 1 Month To Date Sold: 1 Month To Date Ave. DOM (Days on Market) $600,000­$649,999 $650,000­$699,999 $700,000­$749,999 $750,000­$799,999 $800,000­$849,999 $850,000­$899,999 $900,000­$949,999 $950,000­$999,999 $1,000,000­$1,099,999 $1,100,000­$1,199,999 $1,200,000­$1,299,999 $1,300,000­$1,399,999 $1,400,000­$1,499,999 $1,500,000­$1,599,999 $1,600,000­$1,699,999 $1,700,000­$1,799,999 $1,800,000­$1,899,999 $1,900,000­$1,999,999 $2,000,000­$2,249,999 $2,250,000­$2,499,999 $2,500,000­$2,749,999 $2,750,000­$2,999,999 $3,000,000­$3,249,999 $3,250,000­$3,499,999 $3,500,000­$3,749,999 $3,750,000­$3,999,999 $4,000,000­$4,249,999 $4,250,000­$4,499,999 $4,500,000­$4,749,999 $4,750,000­$4,999,999 $5,000,000+ Total Average Highest Median Lowest 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 7 $2,526,000 $5,250,000 $2,100,000 $795,000 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 $950,000 $950,000 $950,000 $950,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sold Last 12 Months 12 1 2 3 1 1 1 1 2 0 1 2 2 0 4 0 1 1 0 1 1 1 0 0 0 0 0 0 1 0 0 0 27 $1,363,000 $4,350,000 $1,225,000 $606,000 Ave. Sale Per Month 0.1 0.2 0.3 0.1 0.1 0.1 0.1 0.2 0.0 0.1 0.2 0.2 0.0 0.3 0.0 0.1 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 2.3 % of Market Share Month Supply 4% 7% 11% 4% 4% 4% 4% 7% 0% 4% 7% 7% 0% 15% 0% 4% 4% 0% 4% 4% 4% 0% 0% 0% 0% 0% 0% 4% 0% 0% 0% 0.0 0.0 0.0 12.0 12.0 0.0 0.0 0.0 n/a 12.0 0.0 0.0 n/a 0.0 n/a 0.0 0.0 n/a 12.0 0.0 12.0 n/a n/a n/a n/a n/a n/a 0.0 n/a n/a n/a 3.1 Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  5. 5. 5 of 8 Santa Barbara East of State St. Currently Active Pending: 1 Sold: 1 Month To Month To Date Date $150,000­$199,999 $200,000­$249,999 $250,000­$299,999 $300,000­$349,999 $350,000­$399,999 $400,000­$449,999 $450,000­$499,999 $500,000­$549,999 $550,000­$599,999 $600,000­$649,999 $650,000­$699,999 $700,000­$749,999 $750,000­$799,999 $800,000­$849,999 $850,000­$899,999 $900,000­$949,999 $950,000­$999,999 $1,000,000­$1,099,999 $1,100,000­$1,199,999 $1,200,000­$1,299,999 $1,300,000­$1,399,999 $1,400,000­$1,499,999 $1,500,000­$1,599,999 $1,600,000­$1,699,999 $1,700,000­$1,799,999 $1,800,000­$1,899,999 $1,900,000­$1,999,999 $2,000,000­$2,249,999 $2,250,000­$2,499,999 $2,500,000­$2,749,999 $2,750,000­$2,999,999 Total Average Highest Median Lowest 0 0 0 0 1 0 3 2 6 2 0 0 1 1 2 0 2 1 0 0 1 1 0 0 1 0 2 1 1 1 1 30 $1,082,025 $2,800,000 $799,000 $379,000 0 0 0 0 0 1 1 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 8 $935,112 $1,925,000 $535,000 $409,900 0 0 0 0 0 0 0 0 1 0 0 2 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 4 $783,500 $1,084,300 $710,700 $599,000 Ave. DOM (Days Sold Last on Market) 12 Months 12 0 2 0 5 0 1 0 2 0 4 0 1 0 18 0 15 48 8 0 5 0 5 64 7 0 3 0 7 0 3 0 1 0 2 107 3 0 1 0 1 0 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 97 $618,851 70 $1,495,000 $555,000 $176,000 Ave. Sale Per Month % of Market Month Share Supply 0.2 0.4 0.1 0.2 0.3 0.1 1.5 1.3 0.7 0.4 0.4 0.6 0.3 0.6 0.3 0.1 0.2 0.3 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.08 2% 5% 1% 2% 4% 1% 19% 15% 8% 5% 5% 7% 3% 7% 3% 1% 2% 3% 1% 1% 2% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0.0 0.0 0.0 0.0 3.0 0.0 2.0 1.6 9.0 4.8 0.0 0.0 4.0 1.7 8.0 0.0 12.0 4.0 0.0 0.0 6.0 12.0 n/a n/a n/a n/a n/a n/a n/a n/a n/a 3.7 Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  6. 6. 6 of 8 Santa Barbara West of Currently State St. Active Pending: 1 Month To Date Sold: 1 Month To Date $150,000­$199,999 $200,000­$249,999 $250,000­$299,999 $300,000­$349,999 $350,000­$399,999 $400,000­$449,999 $450,000­$499,999 $500,000­$549,999 $550,000­$599,999 $600,000­$649,999 $650,000­$699,999 $700,000­$749,999 $750,000­$799,999 $800,000­$849,999 $850,000­$899,999 $900,000­$949,999 $950,000­$999,999 $1,000,000­$1,099,999 $1,100,000­$1,199,999 $1,200,000­$1,299,999 $1,300,000­$1,399,999 $1,400,000­$1,499,999 $1,500,000­$1,599,999 $1,600,000­$1,699,999 $1,700,000­$1,799,999 $1,800,000­$1,899,999 $1,900,000­$1,999,999 $2,000,000­$2,249,999 $2,250,000­$2,499,999 $2,500,000­$2,749,999 Total Average Highest Median Lowest 0 0 0 0 2 1 0 1 2 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 $562,750 $949,000 $500,000 $359,000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 $837,500 $925,000 $750,000 $750,000 0 0 0 0 0 0 2 0 3 1 1 0 1 0 4 0 1 0 2 4 4 2 0 0 0 0 1 0 1 3 30 $1,222,430 $2,600,000 $1,195,000 $469,000 Ave. DOM (Days on Sold Last Market) 12 Months 12 0 1 0 0 0 3 0 2 0 3 0 12 0 17 0 12 0 12 0 5 0 7 0 3 7 7 0 4 0 4 116 4 0 1 0 1 0 2 0 3 0 0 0 2 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 106 61 $635,876 $1,640,000 $558,000 $188,400 Ave. Sale % of Market Month Per Month Share Supply 0.1 0.0 0.3 0.2 0.3 1.0 1.4 1.0 1.0 0.4 0.6 0.3 0.6 0.3 0.3 0.3 0.1 0.1 0.2 0.3 0.0 0.2 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 8.83 1% 0% 3% 2% 3% 11% 16% 11% 11% 5% 7% 3% 7% 4% 4% 4% 1% 1% 2% 3% 0% 2% 0% 1% 0% 0% 0% 0% 0% 0% 0.0 n/a 0.0 0.0 0.0 0.0 1.4 0.0 3.0 2.4 1.7 0.0 1.7 0.0 12.0 0.0 12.0 0.0 12.0 16.0 n/a 12.0 n/a 0.0 n/a n/a n/a n/a n/a n/a 3.4 Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  7. 7. 7 of 8 Santa Barbara / Goleta South Currently Active Pending: 1 Sold: 1 Month To Month To Date Date Ave. DOM (Days on Market) $200,000­$249,999 $250,000­$299,999 $300,000­$349,999 $350,000­$399,999 $400,000­$449,999 $450,000­$499,999 $500,000­$549,999 $550,000­$599,999 $600,000­$649,999 $650,000­$699,999 $700,000­$749,999 $750,000­$799,999 $800,000­$849,999 $850,000­$899,999 $900,000­$949,999 $950,000­$999,999 $1,000,000­$1,099,999 Total Average Highest Median Lowest 0 2 1 1 0 0 0 1 0 1 0 0 0 1 0 1 0 8 $552,827 $984,471 $398,000 $281,250 0 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 6 $618,983 $925,000 $475,000 $393,000 0 0 16 0 39 41 0 0 0 0 0 0 0 0 0 0 105 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 4 $562,081 $1,023,327 $445,000 $315,000 50 Sold Last 12 Months 12 5 10 4 5 18 4 3 6 12 3 1 1 0 0 0 0 1 73 $461,627 $1,023,327 $445,000 $205,500 Ave. Sale Per Month 0.4 0.8 0.3 0.4 1.5 0.3 0.3 0.5 1.0 0.3 0.1 0.1 0.0 0.0 0.0 0.0 0.1 6.08 % of Market Share Month Supply 7% 14% 5% 7% 25% 5% 4% 8% 16% 4% 1% 1% 0% 0% 0% 0% 1% 0.0 2.4 3.0 2.4 0.0 0.0 0.0 2.0 0.0 4.0 0.0 0.0 n/a n/a n/a n/a 0.0 1.3 Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  8. 8. 8 of 8 Santa Barbara / Goleta North Currently Active Sold: 1 Pending: 1 Month To Month To Date Date Ave. DOM (Days on Market) $100,000­$149,999 $150,000­$199,999 $200,000­$249,999 $250,000­$299,999 $300,000­$349,999 $350,000­$399,999 $400,000­$449,999 $450,000­$499,999 $500,000­$549,999 $550,000­$599,999 $600,000­$649,999 $650,000­$699,999 $700,000­$749,999 $750,000­$799,999 $800,000­$849,999 $850,000­$899,999 $900,000­$949,999 $950,000­$999,999 Total Average Highest Median Lowest 1 0 0 1 2 1 2 2 1 0 0 0 0 0 0 0 0 0 10 $384,010 $545,000 $359,000 $123,100 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 3 $398,833 $550,000 $409,000 $237,500 0 0 0 0 0 0 42 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 1 0 0 0 0 0 0 0 0 0 0 4 $443,000 $499,000 $425,000 $418,000 34 Sold Last 12 Months 12 0 0 1 4 3 9 19 4 4 1 4 0 0 2 0 0 1 1 53 $459,132 $950,000 $425,000 $237,500 % of Ave. Sale Market Per Month Share 0.0 0.0 0.1 0.3 0.3 0.8 1.6 0.3 0.3 0.1 0.3 0.0 0.0 0.2 0.0 0.0 0.1 0.1 4.42 0% 0% 2% 8% 6% 17% 36% 8% 8% 2% 8% 0% 0% 4% 0% 0% 2% 2% Month Supply n/a n/a 0.0 3.0 8.0 1.3 1.3 6.0 3.0 0.0 0.0 n/a n/a 0.0 n/a n/a 0.0 0.0 2.3 Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108 805­220­8808 | todd@sbmoves.com | www.sbmoves.com Cal BRE# 01936745 | Copyright © 2014 ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the Association of REALTORS®/Multiple Listing as of 2/05/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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