December 2016 had a total of 86 Houses Sold, Total Sold Volume was $132,925,000. Median List Price was $1,142,000. Median Sold Price was $1,112,000. DOM (days on the market) 72. The SP/LP (selling price to list price) was 92%.
Looking back to December 2015 we had 80 Houses Sold. The Total Sold Volume $120,997,000, the Median List Price $1,099,000, the Median Sold Price was $1,060,000, DOM 68 and SP/LP was 97%.
There were 37 Sales up to $1Million and 49 in the $1 to $7Million Range. The Highest Price House was $7,505,000 at 3246 Beach Club Rd, a Tony Neighborhood off Padaro Lane. The Lowest Price House was $650,000 at 819 N Alisos St in the Eastside of Santa Barbara.
Moving over to the Condo Market December 2016 had a Total of 43 Sales, with the Median List Price of $575,000, a Sold Price of $555,000 and Total Volume of $27,396,000. The DOM was 43, the SP/LP was 96%. Compared to December 2015 there were 7 Less Sales and the Median Sales Price was off Considerably as the ‘Hideaway’ in North Goleta Finished Selling off their Remaining Higher End Units.
The Highest Price Condo was $1,700,000 at 618-4 Anacapa St. in Downtown Santa Barbara. The Lowest Price Condo was $228,000 at 601-58 E. Micheltorena St. on the Lower Eastside of Santa Barbara.
So My Friends After All is Said and Done…If one Looks Back to 2008 the Real Estate Market was in turmoil, without going into the Why’s & Wherefores…we in the Industry Can Only Smile at the Many Miles Traveled Together. Real Estate is Once Again a Sound Investment; One that can be Counted on to Deliver a Solid Return if the Right Steps Are Taken Along the Way.