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Santa Barbara Real Estate Report
Goleta | Santa Barbara | Montecito | Carpinteria/Summerland

Condo Market
March 2014

Todd Bollinger, Publisher

Absorption Rate rule of thumb:
● A six month supply is considered a balanced market.
● Less than a six month supply favors a sellers market.
● More than a six month supply favors a buyers market.

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
2

Area Snapshot
Condo Activity

Active

Pending

Sold Last
Month

Average DOM
Sold Last 12
(Days On Market) Month

Condo
Absorption Rate

Month
Supply

5 ­ Carp/Sum

14

4

1

31

75

Carp/Sum

2.2

10 ­ Montecito

7

3

1

76

25

Montecito

3.4

15 ­ SB E.

31

8

11

42

101

SB E.

3.7

20 ­ SB W.

30

20

6

39

101

SB W.

3.6

30 ­ SB/Goleta S. 10

13

3

24

69

SB/Goleta S.

1.7

35 ­ SB/Goleta N. 16

3

7

25

56

SB/Goleta N.

3.4

Total/Average

51

29

39.5

427

Total/Average

3

108

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
3
5 ­ Carpinteria &
Summerland

Active

Pending

Sold Last 12
Months

Average DOM
(Days On Market)

Average Sale
Per Month

% of Market
Share

Month Supply

$200,000­$249,999

0

0

4

24

0.3

5%

0

$250,000­$299,999

0

1

6

6

0.5

8%

0

$300,000­$349,999

1

0

6

7

0.5

8%

2

$350,000­$399,999

0

0

6

25

0.5

8%

0

$400,000­$449,999

2

1

17

32

1.4

23%

1.4

$450,000­$499,999

2

2

6

26

0.5

8%

4

$500,000­$549,999

3

0

6

35

0.5

8%

6

$550,000­$599,999

1

0

10

22

0.8

13%

1.2

$600,000­$649,999

0

0

3

83

0.25

4%

0

$650,000­$699,999

1

0

3

77

0.25

4%

4

$700,000­$749,999

2

0

4

35

0.3

5%

6

$750,000­$799,999

2

0

0

0

0

0%

n/a

$800,000­$849,999

0

0

1

94

0.1

1%

0

$850,000­$899,999

0

0

2

84

0.2

3%

0

$900,000­$949,999

0

0

0

0

0

0%

n/a

$950,000­$999,999

0

0

0

0

0

0%

n/a

$1,000,000 +

0

0

1

1

0.1

1%

0

Total

14

4

75

Average Price

$574,857 $415,750

$483,889

Highest Price

$795,000 $478,500

$1,049,000

Median Price

$529,000 $431,000

$445,000

Lowest Price

$338,000 $275,000

$235,000

Average DOM
(Days On Market)

67

31

42

6.25

Average
Supply: 2.2

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
4
10 ­ Montecito

Active

Pending

Sold Last
12 Months

Average DOM
Average Sale % of Market
(Days On Market) Per Month
Share
Month Supply

$600,000­$649,999

0

0

1

114

0.08

4%

0

$650,000­$699,999

0

0

1

1

0.08

4%

0

$700,000­$749,999

0

0

2

25

0.17

8%

0

$750,000­$799,999

0

1

1

31

0.08

4%

0

$800,000­$849,999

1

0

1

500

0.08

4%

12

$850,000­$899,999

0

0

2

83

0.17

8%

0

$900,000­$949,999

0

0

1

1

0.08

4%

0

$950,000­$999,999

0

1

1

1

0.08

4%

0

$1,000,000­$1,099,999 0

0

0

0

0.00

0%

n/a

$1,100,000­$1,199,999 1

1

1

6

0.08

4%

12

$1,200,000­$1,299,999 0

0

2

46

0.17

8%

0

$1,300,000­$1,399,999 0

0

2

7

0.17

8%

0

$1,400,000­$1,499,999 0

0

0

0

0.00

0%

n/a

$1,500,000­$1,599,999 1

0

4

64

0.33

16%

3

$1,600,000­$1,699,999 0

0

0

0

0.00

0%

n/a

$1,700,000­$1,799,999 0

0

1

371

0.08

4%

0

$1,800,000­$1,899,999 0

0

1

12

0.08

4%

0

$1,900,000­$1,999,999 0

0

0

0

0.00

0%

n/a

$2,000,000­$2,249,999 1

0

1

9

0.08

4%

12

$2,250,000­$2,499,999 0

0

1

37

0.08

4%

0

$2,500,000­$2,749,999 1

0

1

197

0.08

4%

12

$2,750,000­$2,999,999 0

0

0

0

0.00

0%

n/a

$3,000,000­$3,249,999 0

0

0

0

0.00

0%

n/a

$3,250,000­$3,499,999 0

0

0

0

0.00

0%

n/a

$3,500,000­$3,749,999 0

0

0

0

0.00

0%

n/a

$3,750,000­$3,999,999 0

0

0

0

0.00

0%

n/a

$4,000,000­$4,249,999 0

0

0

0

0.00

0%

n/a

$4,250,000­$4,499,999 0

0

1

40

0.08

4%

0

$4,500,000­$4,749,999 0

0

0

0

0.00

0%

n/a

$4,750,000­$4,999,999 1

0

0

0

0.00

0%

n/a

$5,000,000+

1

0

0

0

0.00

0%

n/a

Total

7

3

25

Ave Price

$2,616,142

$981,333

$1,410,280

Highest Price

$5,250,000

$1,199,000 $4,350,000

Median Price

$2,100,000

$950,000

$1,251,000

Lowest Price

$839,000

$795,000

$606,000

Ave DOM

191

18

76

2.08

Ave Supply: 3.4

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
5
15 ­ Santa Barbara
East of State St.

Active

Pending

Sold Last 12
Months

Average DOM
Average Sale % of Market Month
(Days On Market) Per Month
Share
Supply

$150,000­$199,999

0

0

2

1

0.17

2%

0

$200,000­$249,999

0

0

5

12

0.42

5%

0

$250,000­$299,999

0

0

1

1

0.08

1%

0

$300,000­$349,999

0

0

2

8

0.17

2%

0

$350,000­$399,999

1

0

5

29

0.42

5%

2.4

$400,000­$449,999

1

0

0

0

0.00

0%

n/a

$450,000­$499,999

4

0

17

31

1.42

17%

2.8

$500,000­$549,999

1

1

19

51

1.58

19%

0.6

$550,000­$599,999

4

2

9

40

0.75

9%

5.3

$600,000­$649,999

2

0

5

6

0.42

5%

4.8

$650,000­$699,999

0

1

5

33

0.42

5%

0

$700,000­$749,999

0

0

6

84

0.50

6%

0

$750,000­$799,999

0

0

5

65

0.42

5%

0

$800,000­$849,999

2

0

7

37

0.58

7%

3.4

$850,000­$899,999

1

0

1

137

0.08

1%

12

$900,000­$949,999

0

0

1

9

0.08

1%

0

$950,000­$999,999

2

0

2

46

0.17

2%

12

$1,000,000­$1,099,999 1

1

3

68

0.25

3%

4

$1,100,000­$1,199,999 1

0

1

315

0.08

1%

12

$1,200,000­$1,299,999 1

1

1

1

0.08

1%

12

$1,300,000­$1,399,999 1

0

2

31

0.17

2%

6

$1,400,000­$1,499,999 2

0

1

1

0.08

1%

24

$1,500,000­$1,599,999 0

0

0

0

0.00

0%

n/a

$1,600,000­$1,699,999 0

0

1

81

0.08

1%

0

$1,700,000­$1,799,999 1

1

0

0

0.00

0%

n/a

$1,800,000­$1,899,999 0

0

0

0

0.00

0%

n/a

$1,900,000­$1,999,999 2

1

0

0

0.00

0%

n/a

$2,000,000­$2,249,999 1

0

0

0

0.00

0%

n/a

$2,250,000­$2,499,999 1

0

0

0

0.00

0%

n/a

$2,500,000­$2,749,999 1

0

0

0

0.00

0%

n/a

$2,750,000 +

1

0

0

0

0.00

0%

n/a

Total

31

8

101

Average Price

$1,117,935

$1,039,625

$622,931

Highest Price

$2,800,000

$1,925,000

$1,650,000

Median Price

$865,000

$660,000

$549,995

8.42

Average
Supply: 3.7

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
6
Lowest Price

$379,000

$529,000

$176,000

Average DOM (Days
On Market)

103

80

42

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
7
20 ­ Santa Barbara West
of State St.
Active

Pending

Sold Last
12 Months

Average DOM
Average Sale % of Market
(Days On Market) Per Month
Share

Month
Supply

$250,000­$299,999

0

0

2

98

0.17

2%

0

$300,000­$349,999

0

1

2

20

0.17

2%

0

$350,000­$399,999

0

0

3

101

0.25

3%

0

$400,000­$449,999

0

1

11

11

0.92

11%

0

$450,000­$499,999

1

3

15

31

1.25

15%

0.8

$500,000­$549,999

0

2

10

15

0.83

10%

0

$550,000­$599,999

2

2

14

23

1.17

14%

1.7

$600,000­$649,999

0

1

7

39

0.58

7%

0

$650,000­$699,999

1

1

7

19

0.58

7%

1.7

$700,000­$749,999

0

0

3

6

0.25

3%

0

$750,000­$799,999

1

3

7

80

0.58

7%

1.7

$800,000­$849,999

0

0

4

104

0.33

4%

0

$850,000­$899,999

5

1

4

16

0.33

4%

15

$900,000­$949,999

0

1

4

29

0.33

4%

0

$950,000­$999,999

0

1

1

49

0.08

1%

0

$1,000,000­$1,099,999

0

0

1

45

0.08

1%

0

$1,100,000­$1,199,999

2

0

1

18

0.08

1%

24

$1,200,000­$1,299,999

5

0

2

40

0.17

2%

30

$1,300,000­$1,399,999

4

0

0

0

0.00

0%

n/a

$1,400,000­$1,499,999

2

0

2

117

0.17

2%

12

$1,500,000­$1,599,999

0

0

0

0

0.00

0%

n/a

$1,600,000­$1,699,999

0

1

1

354

0.08

1%

0

$1,700,000­$1,799,999

0

1

0

0

0.00

0%

n/a

$1,800,000­$1,899,999

1

1

0

0

0.00

0%

n/a

$1,900,000­$1,999,999

1

0

0

0

0.00

0%

n/a

$2,000,000­$2,249,999

0

0

0

0

0.00

0%

n/a

$2,250,000­$2,499,999

2

0

0

0

0.00

0%

n/a

$2,500,000 +

3

0

0

0

0.00

0%

n/a

Total

30

20

101

Average Price

$1,346,633

$805,045

$637,874

Highest Price

$2,600,000

$1,800,000 $1,640,000

Median Price

$1,215,000

$644,900

$567,000

Lowest Price

$499,000

$335,000

$270,200

Average DOM (Days On
Market)

224

48

39

8.42

Average
Supply: 3.6

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
8
30 ­ Santa Barbara /
Goleta South

Active

Pending

Sold Last 12
Months

Average DOM
(Days On Market)

Average Sale % of Market Month
Per Month
Share
Supply

$200,000­$249,999

0

0

3

20

0.25

4%

0

$250,000­$299,999

1

2

10

38

0.83

14%

1.2

$300,000­$349,999

2

2

4

34

0.33

6%

6

$350,000­$399,999

2

1

6

47

0.50

9%

4

$400,000­$449,999

0

1

15

14

1.25

22%

0

$450,000­$499,999

0

2

4

23

0.33

6%

0

$500,000­$549,999

1

0

4

6

0.33

6%

3

$550,000­$599,999

0

0

6

26

0.50

9%

0

$600,000­$649,999

0

0

12

16

1.00

17%

0

$650,000­$699,999

0

1

3

7

0.25

4%

0

$700,000­$749,999

0

1

0

0

0.00

0%

n/a

$750,000­$799,999

0

0

1

3

0.08

1%

0

$800,000­$849,999

1

0

0

0

0.00

0%

n/a

$850,000­$899,999

1

2

0

0

0.00

0%

n/a

$900,000­$949,999

0

1

0

0

0.00

0%

n/a

$950,000­$999,999

1

0

0

0

0.00

0%

n/a

$1,000,000­$1,099,999

0

0

1

105

0.08

1%

0

$1,100,000 +

1

0

0

0

0.00

0%

n/a

Total

10

13

69

Average Price

$608,587

$551,788

$465,041

Highest Price

$1,199,000

$925,000

$1,023,327

Median Price

$394,500

$475,000

$447,500

Lowest Price

$288,000

$281,250

$205,500

Average DOM (Days
On Market)

62

32

24

5.75

Average
Supply: 1.7

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
9
35 ­ Santa Barbara /
Goleta North

Active

Pending

Sold Last 12 Average DOM
Average Sale
Months
(Days On Market) Per Month

% of Market
Share

Month
Supply

$200,000­$249,999

0

0

2

8

0.17

4%

0

$250,000­$299,999

1

0

3

33

0.25

5%

4

$300,000­$349,999

2

0

3

4

0.25

5%

8

$350,000­$399,999

1

0

9

15

0.75

16%

1.3

$400,000­$449,999

7

1

19

46

1.58

34%

4.4

$450,000­$499,999

2

0

6

12

0.50

11%

4

$500,000­$549,999

0

1

5

7

0.42

9%

0

$550,000­$599,999

1

0

2

13

0.17

4%

6

$600,000­$649,999

1

1

3

21

0.25

5%

4

$650,000­$699,999

0

0

0

0

0.00

0%

n/a

$700,000­$749,999

0

0

0

0

0.00

0%

n/a

$750,000­$799,999

0

0

2

4

0.17

4%

0

$800,000­$849,999

0

0

0

0

0.00

0%

n/a

$850,000­$899,999

0

0

0

0

0.00

0%

n/a

$900,000­$949,999

0

0

1

71

0.08

2%

0

$950,000 +

0

0

1

13

0.08

2%

0

Total

15

3

56

Average Price

$420,693

$531,300

$458,580

Highest Price

$625,000

$639,900

$950,000

Median Price

$429,000

$545,000

$425,000

Lowest Price

$123,100

$409,000

$237,500

Average DOM (Days
On Market)

64

13

25

4.67

Average
Supply: 3.4

Todd Bollinger Realtor, Coldwell Banker | 1290 Coast Village Rd. Montecito, CA 93108
805­220­8808 | todd@sbmoves.com | www.sbmoves.com
Cal BRE# 01936745 | Copyright © 2014
©2013 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing
Opportunity. Owned and operated by a subsidiary of NRT LLC. If your property is currently listed for sale, this is not intended as a solicitation. Based on information from the
Association of REALTORS®/Multiple Listing as of 3/03/14 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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