Goleta and Carpinteria Real Estate Update - 3rd Quarter 2013
Here are the latest 2013, 3rd quarter real estate sales statistics for both the Goleta and Carpinteria / Summerland areas of Santa Barbara. For the Goleta area, the overall bulk of our real estate market here falls into the following segments:
- Entry level condos from around $300,000 to $500,000
- Single family homes from around $550,000 to $1,000,000
Both of these markets in Goleta have been extremely strong over the last 18 months, with prices continually rising from June 2012 til around August 2013. In the last few months, we have finally seen a leveling off of prices, but the market is still very active with lower than normal inventory. Combine this lower inventory with the interest rates staying fairly stable and it is easy to see how our market is staying fairly strong. The graph below shows clearly that the average sales price has gone up over the last 2 years, while the amount of sales has slightly decreased. This is in direct correlation to our limited inventory. Average list price and average sales price for Goleta real estate has also continually increased over the last few years.
Goleta Real Estate - 3rd Quarter 2013
In the Carpinteria area, the average list price and sales price has dropped over the last year, but total number of homes sold has increased a decent amount. The real estate market here is also a very solid market, but has cooled a little over the last several months.
Carpinteria Real Estate - 3rd Quarter 2013
Search: The Santa Barbara Area MLS
For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our wonderful town, please don’t hesitate to contact Kevin Schmidtchen at Berkshire Hathaway.
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