October Sales Activity For Santa Barbara's South County

CORT and Dataquick got to the numbers out to us quickly this month. That can only mean 1 thing, there weren't many sale transactions in Santa Barbara County. There were 109 transactions from Goleta to Carp. That compares to 151 transactions in 2006. That is almost a 28% drop in transactions for the month. The areas that were most affected were Santa Barbara and Goleta. Goleta's number dropped 56% from 48 transactions in 2006 to 21 transactions in 2007. Santa Barbara's number of sales wasn't off as significantly but it was down 17% going from 76 in 2006 to 63 in 2007. Carpinteria remained unchanged while Montecito was down 2 transactions from 16 to 14. What does it all mean? My CORT records go back to 1997 and there hasn't been 2 back to back months like September and October of 2007 during that time span. We are living in historic times! I am not expecting November and December to really change things with respects to how many transactions are closing here on the South Coast, but I am feeling pretty darn confident that 2008 will be a better year for closed escrows. Tomorrow I will post the North County charts. See You In Escrow!