Tuesday, July 14, 2009

Weekly Snapshot Statistics - Santa Barbara Real Estate Market

For the week of 7/6/09-7/12/09:

60 new listings
92 price improvements
23 sales pended (17 under $1M, three $1-2M, one $2-4M, two $4-8M)
36 closed
43 off market (26 expired, 14 canceled, 3 withdrawn)
17 back on market

*One of the $4-8M sales was on East Mountain. It was listed at $6,950,000 and had multiple offers.

*Another interesting statistic in the single family home market (this does not include condos): We had 83 closed escrows for Santa Barbara South Coast June 2009. The average number of closed homes January through May of 2009 was 57 closings per month. This is a nice increase.

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