Quarterly Update

2015 Market Update from Carpinteria to Goleta

Posted April 9, 2015

2015 Quarterly Market Update

Year over year sales are up about 22% with the median sales price up to roughly $1.15 million for a 12% rise. The average sales price is also up going from just over $1.585 million in 2014 to approximately $2 million in 2015 while the numbers of escrows are up about 29% with the median list price on those escrows up over 11% to $1,175,000.

By Districts:

Home Sales

1. Carpinteria/ Summerland: Sales are up from 11 to 24. Median sales price is up from $845,000 to $895,500.

2. Montecito: Sales are up from 38 to 46. Median sales price is up from $2,112,500 to $2.86 million.

3. West of State: Sales are up from 48 to 50. The median sales price is down from $950,000 to $845,000, but the list price is up from $895,000 to $1,055,000.

4. East of State: Sales are up from 59 to 68. The median sales price is up to $1,225,000. The median list price is up from $1,295,000 to $1,349,000.

5. Hope Ranch: Sales are up from 7 to 12. The median sales price is down from $5.105 million to $2.86 million.

6. Goleta South: Sales are up from 13 to 19. The median sales price is down from $780,000 to $760,000. The median list price is up from $739,000 to $778,000.

7. Goleta North: Sales are up from 31 to 36. The median sales price is up from $770,000 to $862,500. The median list price is up from $789,000 to $949,000.

Condo Sales

1. Carpinteria/ Summerland: Sales are up from 7 to 24. The median sales price is down from $527,500 to $475,000.

2. Montecito: Sales are up from 3 to 7. The median sales price is up from $850,000 to $950,000.

3. West of State: Sales are up from 16 to 29. The median sales price is up from $607,500 to $618,500.

4. East of State: Sales are up from 21 to 35. The median sales price is up from $593,250 to $634,350.

5. Goleta South: Sales are down from 16 to 15. The median sales price is even at $475,000.

6. Goleta North: Sales are down from 14 to 11. The median sales price is up from $429,000 to $497,000.

The price and number of home and condo sales is up and rising compared to last year. Approximately 12.8% of the home sales went for over asking price in March and 13.4% of condos went over asking price. But, 23% of homes had price reductions and 36% of condos went down in price. The market is looking strong. Lets hope sales continue to rise.

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. If your property is listed with another broker, this is not intended as a solicitation.

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