Wednesday, November 12, 2008

October Home Sales In Santa Barbara

October in Santa Barbara isn't about the leaves turning color or the chill in the air, it is about the surfers getting excited for the winter swell.

I happen to love this time of year, the views are incredible and so are the sunsets. The real estate market usually cools down in the 4th quarter as people begin to focus on the holidays ahead.

So what did sell in October?

Carpinteria saw 13 transactions according to CORT. In looking them over, many of them appeared to be condominiums. There were 3 transactions that closed that were part of a new complex that appears to be almost sold out.
  • 4357 Carpinteria Ave. #3 sold for $500,000
  • 4365 Carpinteria Ave. #6 sold for $600,000
  • 4367 Carpintera Ave. #7 sold for $600,000
Goleta saw 37 properties transfer in October. I didn't see a real trend as to the types of properties changing hands, but I can tell you the median price is $650,000. That is sounding pretty darn affordable based on recent years. The highest priced sale was for a commercial building at 5050 Hollister for $3,500,000. The highest priced homes that sold in Goleta were both on Vereda Del Ciervo. 260 sold for $1,450,000 and 445 sold for $1,500,000. 

Montecito saw 14 properties transfered and only 2 of them were under $1,500,000. The higher priced sales were;
  • 36 Seaview Dr. for $3,300,000
  • 1444 School House Rd. for $3,250,000
  • 2694 Sycamore Canyon Rd. for $3,000,000
There were a whopping 60 properties that sold in the city of Santa Barbara. That is a good solid number and the types of properties appear to be very diversified.

The highest priced properties on the list CORT reported were both in Summerland.
  • 3517 Padaro Ln for $6,150,000
  • 2375 Finney St. East for $8,000,000
Thats the sales news, enjoy viewing the map and finding out what properties sold in your neighborhood and what they sold for.

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