March 2018 Real Estate Report

March 2018 Real Estate Report – Impact of The Mudslide

Joe Parker of The Santa Barbara Group is here to give you his take on the impact of the Montecito Mudslide in this March 2018 Real Estate Report.

Joe dug deep into the sales stats on a year (2018) to year (2017) basis and found some interesting, yet not surprising results. Let’s look at some of the stats and then watch Joe’s YouTube video summary of what you’ve read.

March 2018 Real Estate Report – The Data

Data Sample courtesy of Santa Barbara MLS from 1/1/17 – 3/21/17 vs. 1/1/18 – 3/21/18)

Goleta Through Carpinteria. All of the South Coast. All property types. 

• Number of sales 335 – 291 Down 13%
• Inventory 847 – 750 Down 11%
• Median Sales Price $882,500 – $925,000 Up 4.8%
• Days on the Market 96 – 87 Down 11%
• Sales Price to List Price 89.89 – 92.74 Up 3%

Montecito. All property types.

• Number of sales 31 – 22 Down 29%
• Inventory 228 – 160 Down 30%
• Median Sales Price $2,625,000 – $2,382,271 Down 9.2%
• Days on the Market 185 – 135 Down 27%
• Sales Price to List Price 82.72 – 92.98 Up 12.4%

Hope Ranch. All property types.

• Number of sales 9 – 13 Up 44%
• Inventory 40 – 27 Down 32.5%
• Median Sales Price $2,875,000 – $3,400,000 Up 18.2%
• Days on the Market 207 – 307 Up 52%
• Sales Price to List Price 84.93 – 79.46 Down 6.4%

March 2018 Real Estate Report – The Video

Listen to Joe Parker offer his interpretation of the information. If you have questions or need the finest real estate help in Santa Barbara, Joe Parker and Garrett McCaw of the Santa Barbara Group are just a phone call away.