Posted April 14, 2016
First Quarter Statistics
2016’s first quarter statitics are in. Looks like there were a few less home sales in 2016 compaired to 2015, but prices went up which is great for Sellers. Homes are selling at a faster rate now than in 2015 with an avergae of 8 less days on the market. With these statitics no wonder more people are puttign their home up for sale. Listings rose 6.2%. As for Condos, prices have gone up, but sales dropped slighlty. Condo sales are moving fast, spending less time on the market compared to 2015 and selling 0.63% within the list price. It will be interesting to see what second quarter has in store for Santa Barbara.
Single Family Homes
2016 2015 % change
Median price: $1,318,500 $1,175,000 +12.1%
List/sales price: 95.38% 94.69% +.69%
Days on market: 54 62 -12.9%
# of sales: 212 229 -8.0%
New listings: 431 406 +6.2%
Condominiums
2016 2015 % change
Median price: $652,500 $589,000 +10.8%
List/sales price: 97.53% 96.90% +.63%
Days on market: 55 73 -24.7%
# of sales: 79 108 -26.9%
New listings: 148 147 +0.7%
