Tuesday, May 12, 2009

Santa Barbara Area Home Sales In April Trend Up!

Well it has been a while since the number of sales on the south coast has exceeded 100 and in April we hit 111. That beats the December number of 108 which was the most recent month over 100.

Since January we have seen a steady climb in sales, and 111 is a 26% increase from March. Not bad!

Carpinteria almost doubled the number of sales and went from 6 to 11. There were 2 high priced properties transferring, 168 Rincon Point Rd for $5,500,000 and 3284 Beach Club Rd for $6,100,000. Check out those properties. I could certainly live there!

Santa Barbara went from 40 transactions to 59 in April. with the highest priced property being 939 Arbolado Road.

Goleta had 24 sales in April. This market appears to be a bit anemic since there isn't much inventory. 24 was only an increase of 1 sale over March's number. Many of the sales in Goleta appear to be condos.

Montecito didn't show much improvement, but did increase from 11 to 13 in April. 1445 S. Jameson Ln. sold for $4,000,000 and that is one terrific looking home. It has a nice photo tour if you want to check it out.

Hope Ranch and Summerland both had properties sell in April when they didn't have any sell in March.

Historically these numbers aren't terrific, but it sure does feel as though buyers are starting to make offers and close transactions at a little brisker pace than they had been the previous few months. I wouldn't be surprised to see the number of transactions be above 100 in the months to come.

If you would like to check some additional information please view this link; CORT-Sales Stats By Area

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