1

Santa Barbara Real Estate Report
Goleta | Santa Barbara | Montecito | Carpinteria/Summerland

Condo Market
March 2014

...
2

Area Snapshot
Condo Activity

Active

Pending

Sold Last
Month

Average DOM
Sold Last 12
(Days On Market) Month

Condo
...
3
5 ­ Carpinteria &
Summerland

Active

Pending

Sold Last 12
Months

Average DOM
(Days On Market)

Average Sale
Per Month...
4
10 ­ Montecito

Active

Pending

Sold Last
12 Months

Average DOM
Average Sale % of Market
(Days On Market) Per Month
Sh...
5
15 ­ Santa Barbara
East of State St.

Active

Pending

Sold Last 12
Months

Average DOM
Average Sale % of Market Month
(...
6
Lowest Price

$379,000

$529,000

$176,000

Average DOM (Days
On Market)

103

80

42

Todd Bollinger Realtor, Coldwell ...
7
20 ­ Santa Barbara West
of State St.
Active

Pending

Sold Last
12 Months

Average DOM
Average Sale % of Market
(Days On...
8
30 ­ Santa Barbara /
Goleta South

Active

Pending

Sold Last 12
Months

Average DOM
(Days On Market)

Average Sale % of...
9
35 ­ Santa Barbara /
Goleta North

Active

Pending

Sold Last 12 Average DOM
Average Sale
Months
(Days On Market) Per Mo...
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Santa Barbara Condo Market – March 2014

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Santa Barbara, Montecito, Goleta, Carpinteria, Summerland condo market report for March 2014. Median and average condo prices. Active, pending, sold and days on market (DOM) for local real estate.

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Santa Barbara Condo Market – March 2014

  1. 1. 1 Santa Barbara Real Estate Report Goleta | Santa Barbara | Montecito | Carpinteria/Summerland Condo Market March 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  2. 2. 2 Area Snapshot Condo Activity Active Pending Sold Last Month Average DOM Sold Last 12 (Days On Market) Month Condo Absorption Rate Month Supply 5 ­ Carp/Sum 14 4 1 31 75 Carp/Sum 2.2 10 ­ Montecito 7 3 1 76 25 Montecito 3.4 15 ­ SB E. 31 8 11 42 101 SB E. 3.7 20 ­ SB W. 30 20 6 39 101 SB W. 3.6 30 ­ SB/Goleta S. 10 13 3 24 69 SB/Goleta S. 1.7 35 ­ SB/Goleta N. 16 3 7 25 56 SB/Goleta N. 3.4 Total/Average 51 29 39.5 427 Total/Average 3 108 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  3. 3. 3 5 ­ Carpinteria & Summerland Active Pending Sold Last 12 Months Average DOM (Days On Market) Average Sale Per Month % of Market Share Month Supply $200,000­$249,999 0 0 4 24 0.3 5% 0 $250,000­$299,999 0 1 6 6 0.5 8% 0 $300,000­$349,999 1 0 6 7 0.5 8% 2 $350,000­$399,999 0 0 6 25 0.5 8% 0 $400,000­$449,999 2 1 17 32 1.4 23% 1.4 $450,000­$499,999 2 2 6 26 0.5 8% 4 $500,000­$549,999 3 0 6 35 0.5 8% 6 $550,000­$599,999 1 0 10 22 0.8 13% 1.2 $600,000­$649,999 0 0 3 83 0.25 4% 0 $650,000­$699,999 1 0 3 77 0.25 4% 4 $700,000­$749,999 2 0 4 35 0.3 5% 6 $750,000­$799,999 2 0 0 0 0 0% n/a $800,000­$849,999 0 0 1 94 0.1 1% 0 $850,000­$899,999 0 0 2 84 0.2 3% 0 $900,000­$949,999 0 0 0 0 0 0% n/a $950,000­$999,999 0 0 0 0 0 0% n/a $1,000,000 + 0 0 1 1 0.1 1% 0 Total 14 4 75 Average Price $574,857 $415,750 $483,889 Highest Price $795,000 $478,500 $1,049,000 Median Price $529,000 $431,000 $445,000 Lowest Price $338,000 $275,000 $235,000 Average DOM (Days On Market) 67 31 42 6.25 Average Supply: 2.2 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  4. 4. 4 10 ­ Montecito Active Pending Sold Last 12 Months Average DOM Average Sale % of Market (Days On Market) Per Month Share Month Supply $600,000­$649,999 0 0 1 114 0.08 4% 0 $650,000­$699,999 0 0 1 1 0.08 4% 0 $700,000­$749,999 0 0 2 25 0.17 8% 0 $750,000­$799,999 0 1 1 31 0.08 4% 0 $800,000­$849,999 1 0 1 500 0.08 4% 12 $850,000­$899,999 0 0 2 83 0.17 8% 0 $900,000­$949,999 0 0 1 1 0.08 4% 0 $950,000­$999,999 0 1 1 1 0.08 4% 0 $1,000,000­$1,099,999 0 0 0 0 0.00 0% n/a $1,100,000­$1,199,999 1 1 1 6 0.08 4% 12 $1,200,000­$1,299,999 0 0 2 46 0.17 8% 0 $1,300,000­$1,399,999 0 0 2 7 0.17 8% 0 $1,400,000­$1,499,999 0 0 0 0 0.00 0% n/a $1,500,000­$1,599,999 1 0 4 64 0.33 16% 3 $1,600,000­$1,699,999 0 0 0 0 0.00 0% n/a $1,700,000­$1,799,999 0 0 1 371 0.08 4% 0 $1,800,000­$1,899,999 0 0 1 12 0.08 4% 0 $1,900,000­$1,999,999 0 0 0 0 0.00 0% n/a $2,000,000­$2,249,999 1 0 1 9 0.08 4% 12 $2,250,000­$2,499,999 0 0 1 37 0.08 4% 0 $2,500,000­$2,749,999 1 0 1 197 0.08 4% 12 $2,750,000­$2,999,999 0 0 0 0 0.00 0% n/a $3,000,000­$3,249,999 0 0 0 0 0.00 0% n/a $3,250,000­$3,499,999 0 0 0 0 0.00 0% n/a $3,500,000­$3,749,999 0 0 0 0 0.00 0% n/a $3,750,000­$3,999,999 0 0 0 0 0.00 0% n/a $4,000,000­$4,249,999 0 0 0 0 0.00 0% n/a $4,250,000­$4,499,999 0 0 1 40 0.08 4% 0 $4,500,000­$4,749,999 0 0 0 0 0.00 0% n/a $4,750,000­$4,999,999 1 0 0 0 0.00 0% n/a $5,000,000+ 1 0 0 0 0.00 0% n/a Total 7 3 25 Ave Price $2,616,142 $981,333 $1,410,280 Highest Price $5,250,000 $1,199,000 $4,350,000 Median Price $2,100,000 $950,000 $1,251,000 Lowest Price $839,000 $795,000 $606,000 Ave DOM 191 18 76 2.08 Ave Supply: 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  5. 5. 5 15 ­ Santa Barbara East of State St. Active Pending Sold Last 12 Months Average DOM Average Sale % of Market Month (Days On Market) Per Month Share Supply $150,000­$199,999 0 0 2 1 0.17 2% 0 $200,000­$249,999 0 0 5 12 0.42 5% 0 $250,000­$299,999 0 0 1 1 0.08 1% 0 $300,000­$349,999 0 0 2 8 0.17 2% 0 $350,000­$399,999 1 0 5 29 0.42 5% 2.4 $400,000­$449,999 1 0 0 0 0.00 0% n/a $450,000­$499,999 4 0 17 31 1.42 17% 2.8 $500,000­$549,999 1 1 19 51 1.58 19% 0.6 $550,000­$599,999 4 2 9 40 0.75 9% 5.3 $600,000­$649,999 2 0 5 6 0.42 5% 4.8 $650,000­$699,999 0 1 5 33 0.42 5% 0 $700,000­$749,999 0 0 6 84 0.50 6% 0 $750,000­$799,999 0 0 5 65 0.42 5% 0 $800,000­$849,999 2 0 7 37 0.58 7% 3.4 $850,000­$899,999 1 0 1 137 0.08 1% 12 $900,000­$949,999 0 0 1 9 0.08 1% 0 $950,000­$999,999 2 0 2 46 0.17 2% 12 $1,000,000­$1,099,999 1 1 3 68 0.25 3% 4 $1,100,000­$1,199,999 1 0 1 315 0.08 1% 12 $1,200,000­$1,299,999 1 1 1 1 0.08 1% 12 $1,300,000­$1,399,999 1 0 2 31 0.17 2% 6 $1,400,000­$1,499,999 2 0 1 1 0.08 1% 24 $1,500,000­$1,599,999 0 0 0 0 0.00 0% n/a $1,600,000­$1,699,999 0 0 1 81 0.08 1% 0 $1,700,000­$1,799,999 1 1 0 0 0.00 0% n/a $1,800,000­$1,899,999 0 0 0 0 0.00 0% n/a $1,900,000­$1,999,999 2 1 0 0 0.00 0% n/a $2,000,000­$2,249,999 1 0 0 0 0.00 0% n/a $2,250,000­$2,499,999 1 0 0 0 0.00 0% n/a $2,500,000­$2,749,999 1 0 0 0 0.00 0% n/a $2,750,000 + 1 0 0 0 0.00 0% n/a Total 31 8 101 Average Price $1,117,935 $1,039,625 $622,931 Highest Price $2,800,000 $1,925,000 $1,650,000 Median Price $865,000 $660,000 $549,995 8.42 Average Supply: 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  6. 6. 6 Lowest Price $379,000 $529,000 $176,000 Average DOM (Days On Market) 103 80 42 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  7. 7. 7 20 ­ Santa Barbara West of State St. Active Pending Sold Last 12 Months Average DOM Average Sale % of Market (Days On Market) Per Month Share Month Supply $250,000­$299,999 0 0 2 98 0.17 2% 0 $300,000­$349,999 0 1 2 20 0.17 2% 0 $350,000­$399,999 0 0 3 101 0.25 3% 0 $400,000­$449,999 0 1 11 11 0.92 11% 0 $450,000­$499,999 1 3 15 31 1.25 15% 0.8 $500,000­$549,999 0 2 10 15 0.83 10% 0 $550,000­$599,999 2 2 14 23 1.17 14% 1.7 $600,000­$649,999 0 1 7 39 0.58 7% 0 $650,000­$699,999 1 1 7 19 0.58 7% 1.7 $700,000­$749,999 0 0 3 6 0.25 3% 0 $750,000­$799,999 1 3 7 80 0.58 7% 1.7 $800,000­$849,999 0 0 4 104 0.33 4% 0 $850,000­$899,999 5 1 4 16 0.33 4% 15 $900,000­$949,999 0 1 4 29 0.33 4% 0 $950,000­$999,999 0 1 1 49 0.08 1% 0 $1,000,000­$1,099,999 0 0 1 45 0.08 1% 0 $1,100,000­$1,199,999 2 0 1 18 0.08 1% 24 $1,200,000­$1,299,999 5 0 2 40 0.17 2% 30 $1,300,000­$1,399,999 4 0 0 0 0.00 0% n/a $1,400,000­$1,499,999 2 0 2 117 0.17 2% 12 $1,500,000­$1,599,999 0 0 0 0 0.00 0% n/a $1,600,000­$1,699,999 0 1 1 354 0.08 1% 0 $1,700,000­$1,799,999 0 1 0 0 0.00 0% n/a $1,800,000­$1,899,999 1 1 0 0 0.00 0% n/a $1,900,000­$1,999,999 1 0 0 0 0.00 0% n/a $2,000,000­$2,249,999 0 0 0 0 0.00 0% n/a $2,250,000­$2,499,999 2 0 0 0 0.00 0% n/a $2,500,000 + 3 0 0 0 0.00 0% n/a Total 30 20 101 Average Price $1,346,633 $805,045 $637,874 Highest Price $2,600,000 $1,800,000 $1,640,000 Median Price $1,215,000 $644,900 $567,000 Lowest Price $499,000 $335,000 $270,200 Average DOM (Days On Market) 224 48 39 8.42 Average Supply: 3.6 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  8. 8. 8 30 ­ Santa Barbara / Goleta South Active Pending Sold Last 12 Months Average DOM (Days On Market) Average Sale % of Market Month Per Month Share Supply $200,000­$249,999 0 0 3 20 0.25 4% 0 $250,000­$299,999 1 2 10 38 0.83 14% 1.2 $300,000­$349,999 2 2 4 34 0.33 6% 6 $350,000­$399,999 2 1 6 47 0.50 9% 4 $400,000­$449,999 0 1 15 14 1.25 22% 0 $450,000­$499,999 0 2 4 23 0.33 6% 0 $500,000­$549,999 1 0 4 6 0.33 6% 3 $550,000­$599,999 0 0 6 26 0.50 9% 0 $600,000­$649,999 0 0 12 16 1.00 17% 0 $650,000­$699,999 0 1 3 7 0.25 4% 0 $700,000­$749,999 0 1 0 0 0.00 0% n/a $750,000­$799,999 0 0 1 3 0.08 1% 0 $800,000­$849,999 1 0 0 0 0.00 0% n/a $850,000­$899,999 1 2 0 0 0.00 0% n/a $900,000­$949,999 0 1 0 0 0.00 0% n/a $950,000­$999,999 1 0 0 0 0.00 0% n/a $1,000,000­$1,099,999 0 0 1 105 0.08 1% 0 $1,100,000 + 1 0 0 0 0.00 0% n/a Total 10 13 69 Average Price $608,587 $551,788 $465,041 Highest Price $1,199,000 $925,000 $1,023,327 Median Price $394,500 $475,000 $447,500 Lowest Price $288,000 $281,250 $205,500 Average DOM (Days On Market) 62 32 24 5.75 Average Supply: 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
  9. 9. 9 35 ­ Santa Barbara / Goleta North Active Pending Sold Last 12 Average DOM Average Sale Months (Days On Market) Per Month % of Market Share Month Supply $200,000­$249,999 0 0 2 8 0.17 4% 0 $250,000­$299,999 1 0 3 33 0.25 5% 4 $300,000­$349,999 2 0 3 4 0.25 5% 8 $350,000­$399,999 1 0 9 15 0.75 16% 1.3 $400,000­$449,999 7 1 19 46 1.58 34% 4.4 $450,000­$499,999 2 0 6 12 0.50 11% 4 $500,000­$549,999 0 1 5 7 0.42 9% 0 $550,000­$599,999 1 0 2 13 0.17 4% 6 $600,000­$649,999 1 1 3 21 0.25 5% 4 $650,000­$699,999 0 0 0 0 0.00 0% n/a $700,000­$749,999 0 0 0 0 0.00 0% n/a $750,000­$799,999 0 0 2 4 0.17 4% 0 $800,000­$849,999 0 0 0 0 0.00 0% n/a $850,000­$899,999 0 0 0 0 0.00 0% n/a $900,000­$949,999 0 0 1 71 0.08 2% 0 $950,000 + 0 0 1 13 0.08 2% 0 Total 15 3 56 Average Price $420,693 $531,300 $458,580 Highest Price $625,000 $639,900 $950,000 Median Price $429,000 $545,000 $425,000 Lowest Price $123,100 $409,000 $237,500 Average DOM (Days On Market) 64 13 25 4.67 Average Supply: 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 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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