Weekly Snapshot Statistics - Santa Barbara Real Estate Market

For the week of 7/11/2011-7/17/2011

52 new listings
67 price changes
30 sales pended (25 under $1M, three $1-2M, one $2-4M, one $8M+)
38 closed (27 under $1M, nine $1-2M, two $2-4M)
29% of the closed sales were over $1M

Montecito currently has 10 months of inventory (homes).

Hope Ranch currently has 14 months of inventory (this swings regularly due to the small number of listings and sales).

Santa Barbara currently has 5.5 months of inventory (homes).

Goleta currently has 3.3 months of inventory (homes).

The condo market currently has 5 months of inventory (condos).

The entire Santa Barbara South County market has 6 months of inventory (homes).