September 2016 had a total of 100 Homes Sold, Total List Volume of those Homes was $169,371,000. Median List Price was $1,237,000, Median Sold Price was $1,200,000, DOM (days on the market) 69. The SP/LP (selling price to list price) was 92.13%.
Looking Back to September 2015 we had 98 Homes Sold, the List Volume was $149,885,000, the Median Sold Price was $1,044,000, DOM 35, and SP/LP was 96.13%.
Year Over Year the Big Differences Were Twice as Long on the Market but an Increase of More than $150,000 in the Median Sold Price. A Tidy Jump of Almost 9%. Isn’t Real Estate a Great Investment!
There were 39 Sales up to $1Million and 61 in the $1 to $6 Million+ Range. The Highest Price Home was $6,367,500 in Montecito at 3551 Padaro Lane, The Lowest Price Home was $500,000 in Goleta at 6025 Suellen Court.
The Highest Priced Condo was $3,300,000 in Montecito at 3 Seaview Drive, the Lowest Priced was $320,000. Look at the Steady Rise in the Median Sales Price Over the Last 5 Years…
Is It a Good Time to Sell? Once Again, if Your Home Has Been Fixed up, Shows Great and is a Single Level You Shouldn’t have any Problems Selling in Today’s Market.
The Solid Base of Financial Support Underlying the Current Home Prices is an Indicator of Rising Prices. At Some Point the Millennials Will Join the Market, the Election Will Finally Be Over and the Future Will Be Looking Rosy.
For a Superior Real Estate Experience Call Me, I’ll Make Sure Your Next Step is a Solid One.