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Santa Barbara's First Quarter Statistics

Homes and Condo's

Posted April 14, 2016

First Quarter Statistics

          2016's first quarter statitics are in. Looks like there were a few less home sales in 2016 compaired to 2015, but prices went up which is great for Sellers. Homes are selling at a faster rate now than in 2015 with an avergae of 8 less days on the market. With these statitics no wonder more people are puttign their home up for sale. Listings rose 6.2%. As for Condos, prices have gone up, but sales dropped slighlty. Condo sales are moving fast, spending less time on the market compared to 2015 and selling 0.63% within the list price. It will be interesting to see what second quarter has in store for Santa Barbara. 

Single Family Homes

                                 2016                         2015                   % change

Median price:        $1,318,500               $1,175,000               +12.1%

List/sales price:        95.38%                     94.69%                  +.69%

Days on market:         54                              62                       -12.9%   

# of sales:                  212                            229                      -8.0%

New listings:               431                           406                       +6.2%            

                  

Condominiums

                                  2016                         2015                   % change

Median price:          $652,500                 $589,000                  +10.8%

List/sales price:         97.53%                    96.90%                   +.63%

Days on market:         55                              73                       -24.7%

# of sales:                   79                             108                      -26.9%

New listings:              148                             147                      +0.7%

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