JANUARY 2020 - sbaor.org · Compiled Data from the Santa Barbara Multiple Listing Service as of...

45
Compiled Data from the Santa Barbara Multiple Listing Service as of 2/5/2020 Monthly MLS Statistics JANUARY 2020 1

Transcript of JANUARY 2020 - sbaor.org · Compiled Data from the Santa Barbara Multiple Listing Service as of...

  • Compiled Data from theSanta Barbara Multiple Listing Service

    as of2/5/2020

    Monthly MLS Statistics

    JANUARY 2020

    1

  • JANUARY 1 – JANUARY 31

    Home Estate/PUDDistricts 05-35

    2

  • Total Total List VolumeMedian List Price

    Average List Price DOM CDOM

    Total Sold Volume

    Median Sold Price

    Average Sold Price SP/LP SP/OLP

    Sold 75 $137,189,390 $1,365,000 $1,829,191 87 97 $129,587,553 $1,365,000 $1,727,834 94.46 89.76

    List/Sold 9 $14,736,950 $1,549,000 $1,637,438 92 104 $13,992,000 $1,427,000 $1,554,666 94.95 93.12

    Co-Broker 66 $122,452,440 $1,357,500 $1,855,340 87 96 $115,595,553 $1,347,500 $1,751,447 94.40 89.37

    New 140 $379,860,500 $1,585,000 $2,713,289 15 49

    Pending 91 $176,638,898 $1,375,000 $1,941,086 90 104

    Withdrawn 11 $30,300,000 $1,850,000 $2,754,545 182 182

    Cancelled 13 $28,018,500 $1,995,000 $2,155,269 159 182

    Expired 56 $238,930,100 $3,222,500 $4,266,608 328 348

    Back On Market 27 $173,824,700 $1,695,000 $6,437,951 222 230

    Extended 43 $236,714,299 $2,695,000 $5,504,983 216 228

    Active In Range 420 $1,912,859,397 $2,390,000 $4,554,427 112 136

    Current Active 291 $1,585,632,599 $2,995,000 $5,448,909 144 177

    3

  • JANUARY 2020 Total Total List Volume Median List Price Average List Price DOM CDOM Total Sold Volume Median Sold Price Average Sold Price SP/LP SP/OLP Sold 75 $137,189,390 $1,365,000 $1,829,191 87 97 $129,587,553 $1,365,000 $1,727,834 94.46 89.76 Pending 91 $176,638,898 $1,375,000 $1,941,086 90 104

    JANUARY 2019 Total Total List Volume

    Median List Price

    Average List Price DOM CDOM

    Total Sold Volume

    Median Sold Price

    Average Sold Price SP/LP SP/OLP

    Sold 65 $179,294,423 $1,539,000 $2,758,375 70 91 $166,064,604 $1,495,000 $2,554,840 92.62 90.63

    Pending 86 $203,570,499 $1,299,500 $2,367,098 56 82

    Total

    Total List Volume

    Median List Price

    Average List Price

    DOM

    CDOM

    Total Sold Volume

    Median Sold Price

    Average Sold Price

    SP/LP

    SP/OLP

    Sold

    75

    $137,189,390

    $1,365,000

    $1,829,191

    87

    97

    $129,587,553

    $1,365,000

    $1,727,834

    94.46

    89.76

    Pending

    91

    $176,638,898

    $1,375,000

    $1,941,086

    90

    104

     

     

     

     

     

    Total

    Total List Volume

    Median List Price

    Average List Price

    DOM

    CDOM

    Total Sold Volume

    Median Sold Price

    Average Sold Price

    SP/LP

    SP/OLP

    Sold

    65

    $179,294,423

    $1,539,000

    $2,758,375

    70

    91

    $166,064,604

    $1,495,000

    $2,554,840

    92.62

    90.63

    Pending

    86

    $203,570,499

    $1,299,500

    $2,367,098

    56

    82

     

     

     

     

     

  • List Price Range Number of Listings Average Days To Sold CDOM

    $500,000-$549,999 2 27 27

    $650,000-$699,999 2 8 8

    $700,000-$749,999 4 58 84

    $750,000-$799,999 2 109 150

    $800,000-$849,999 3 129 129

    $850,000-$899,999 2 91 91

    $900,000-$949,999 3 16 16

    $950,000-$999,999 1 147 147

    $1,000,000-$1,099,999 4 26 26

    $1,100,000-$1,199,999 7 40 40

    $1,200,000-$1,299,999 6 69 69

    $1,300,000-$1,399,999 4 59 59

    $1,400,000-$1,499,999 6 16 16

    5

  • $1,500,000-$1,599,999 1 1 1

    $1,600,000-$1,699,999 4 49 49

    $1,700,000-$1,799,999 3 102 102

    $1,800,000-$1,899,999 2 219 219

    $1,900,000-$1,999,999 3 51 138

    $2,000,000-$2,249,999 4 86 136

    $2,250,000-$2,499,999 1 11 11

    $2,500,000-$2,749,999 2 139 139

    $2,750,000-$2,999,999 1 233 233

    $3,500,000-$3,749,999 1 208 208

    $3,750,000-$3,999,999 1 94 94

    $4,000,000-$4,249,999 1 246 246

    $4,250,000-$4,499,999 1 65 65

    $5,000,000+ 4 395 411

    6

    List Price Range Number of Listings Average Days To Sold CDOM

  • 7

    The average price for the 75 properties is $1,727,834 The highest price is $6,400,000 The median price is $1,365,000 The lowest price is $525,000 The average Market Time is 87 The average Continuous Market Time is 97

    4581 Avenue Del Mar

    727 N Alisos St

    The average price for the 75 properties is $1,727,834

    The highest price is $6,400,000

    The median price is $1,365,000

    The lowest price is $525,000

    The average Market Time is 87

    The average Continuous Market Time is 97

  • HOME ESTATES / PUD Number of Sales

    Median Sales Price

    Home Estate/PUDs Entering Escrow

    Number of Listings

    Median List Price8

  • 7181

    73 69 74

    0

    200

    2012 2013 2014 2015 2016

    9

    7470

    54

    65

    75

    0

    20

    40

    60

    80

    100

    2016 2017 2018 2019 2020

  • $1,394,000

    $1,020,500

    $1,477,499 $1,495,000$1,365,000

    $0

    $200,000

    $400,000

    $600,000

    $800,000

    $1,000,000

    $1,200,000

    $1,400,000

    2016 2017 2018 2019 202010

  • 754

    91 9286

    91

    0

    20

    40

    60

    80

    100

    2016 2017 2018 2019 2020

  • 317

    424

    351

    423

    382

    100

    200

    300

    400

    500

    2016 2017 2018 2019 2020

  • 13

    $1,444,350

    $1,599,000$1,512,000 $1,539,000

    $1,365,000

    $0

    $400,000

    $800,000

    $1,200,000

    $1,600,000

    2016 2017 2018 2019 2020

  • Last Year vs. This YearJANUARY

    for Home Estate/PUDsDistricts 05-35

    14

  • Total Active Listings2019 ~ 423 2020 ~ 382

    DOWN -9.7%New Listings2019 ~ 124 2020 ~ 140

    UP +12.9%

    Median List Price2019 ~ $1,539,000 2020 ~ $1,365,000

    DOWN -11.3%

    Properties that went into Escrow2019 ~ 92 2020 ~ 91

    DOWN -1%15

  • Sold Properties2019 ~ 65 2020 ~ 75

    UP +15.4%Median Sales Price2019 ~ $1,495,000 2020 ~ $1,365,000

    DOWN -8.7%Median Sales Prices w/o Hope Ranch/Montecito2019 ~ $1,175,000 2020 ~ $1,159,000

    DOWN -1.4%Average Sold Price2019 ~ $2,554,840 2020 ~ $1,727,834

    DOWN -32.4%Average Sold Price w/o Hope Ranch/Montecito2019 ~ $1,502,511 2020 ~ $1,329,123

    DOWN -11.5%Sold Volume2019 ~ $166,064,604 2020 ~ $129,587,553

    DOWN -22%

    16

  • January 2019 to January 2020Month by Month

    Home Estate/PUDsDistricts 05-35

    17

  • 6571

    8994

    111118

    104 107 10192

    81

    123

    75

    0

    20

    40

    60

    80

    100

    120

    140

    160

    Jan Feb Mar April May June July Aug Sept Oct Nov Dec Jan

    18

  • $1,495,000

    $1,350,000

    $1,225,000

    $1,395,000

    $1,313,000

    $1,205,000

    $1,322,495$1,300,000

    $1,270,000$1,289,975$1,272,700

    $1,275,000

    $1,365,000

    $400,000

    $600,000

    $800,000

    $1,000,000

    $1,200,000

    $1,400,000

    $1,600,000

    Jan Feb Mar Apri May June July Aug Sept Oct Nov Dec Jan19

  • HE/PU Active Listings For the Last 6 Months

    337352 352

    410

    442460 466

    473

    441414

    343 347

    382

    0

    100

    200

    300

    400

    500

    Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan 20

    HE/PU Active Listings for the Last 12 Months

  • Perspectivefor Home Estates

    2002-2020

    21

  • 92

    55

    77 77

    6460

    43 44

    62

    42

    71

    81

    73 6974

    70

    54

    65

    75

    0

    20

    40

    60

    80

    100

    120

    2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

    Number of HE/PU Sales ~ District 05-35 YTD ’02 to ‘20

    22

  • $637,500

    $831,000

    $952,500

    $1,170,000$1,142,500

    $1,200,000 $1,195,000

    $906,000

    $763,500$819,650

    $810,000$842,490

    $1,250,000

    $1,000,000

    $1,394,000

    $1,020,500

    $1,477,499$1,495,000

    $1,365,000

    $100,000

    $300,000

    $500,000

    $700,000

    $900,000

    $1,100,000

    $1,300,000

    $1,500,000

    $1,700,000

    2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

    Median Sales Price of HE/PUD ~ District 05-35 YTD ’02 to ’20

    23

  • CondosDistricts 05-35

    JANUARY 1 – JANUARY 31

    24

  • Total Total List VolumeMedian List Price

    Average List Price DOM CDOM

    Total Sold Volume

    Median Sold Price

    Average Sold Price SP/LP SP/OLP

    Sold 21 $19,973,560 $723,500 $951,121 76 99 $19,289,969 $723,500 $918,569 96.58 93.14

    List/Sold 4 $2,163,000 $514,500 $540,750 24 24 $2,166,250 $508,125 $541,562 100.15 97.36

    Co-Broker 17 $17,810,560 $744,565 $1,047,680 88 116 $17,123,719 $825,000 $1,007,277 96.14 92.64

    New 30 $36,388,065 $698,500 $1,212,935 15 64

    Pending 37 $31,812,565 $640,000 $859,799 49 70

    Withdrawn 1 $595,000 $595,000 $595,000 39 39

    Cancelled 0 $0 $0 $0 0 0

    Expired 11 $16,727,490 $1,350,000 $1,520,680 332 409

    Back On Market 7 $6,526,000 $599,000 $932,285 113 113

    Extended 15 $21,873,000 $1,295,000 $1,458,200 182 216

    Active In Range 104 $138,457,010 $982,500 $1,331,317 99 125

    Current Active 61 $94,820,445 $1,125,000 $1,554,433 147 192

    25

  • 26

    January 2020 Total Total List Volume Median List Price Average List Price DOM CDOM Total Sold Volume Median Sold Price Average Sold Price SP/LP SP/OLP Sold 21 $19,973,560 $723,500 $951,121 76 99 $19,289,969 $723,500 $918,569 96.58 93.14 Pending 37 $31,812,565 $640,000 $859,799 49 70

    January 2019 Total Total List Volume Median List Price Average List Price DOM CDOM Total Sold Volume Median Sold Price Average Sold Price SP/LP SP/OLP Sold 21 $19,136,650 $729,900 $911,269 61 66 $18,474,911 $742,161 $879,757 96.54 94.30 Pending 34 $27,128,671 $678,495 $797,902 93 145

    Total

    Total List Volume

    Median List Price

    Average List Price

    DOM

    CDOM

    Total Sold Volume

    Median Sold Price

    Average Sold Price

    SP/LP

    SP/OLP

    Sold

    21

    $19,973,560

    $723,500

    $951,121

    76

    99

    $19,289,969

    $723,500

    $918,569

    96.58

    93.14

    Pending

    37

    $31,812,565

    $640,000

    $859,799

    49

    70

     

     

     

     

     

    Total

    Total List Volume

    Median List Price

    Average List Price

    DOM

    CDOM

    Total Sold Volume

    Median Sold Price

    Average Sold Price

    SP/LP

    SP/OLP

    Sold

    21

    $19,136,650

    $729,900

    $911,269

    61

    66

    $18,474,911

    $742,161

    $879,757

    96.54

    94.30

    Pending

    34

    $27,128,671

    $678,495

    $797,902

    93

    145

     

     

     

     

     

  • List Price Range Number of Listings Average Days To Sold CDOM$400,000-$449,999 1 1 1

    $450,000-$499,999 1 71 71

    $500,000-$549,999 2 16 16

    $600,000-$649,999 3 33 33

    $650,000-$699,999 3 82 82

    $700,000-$749,999 2 2 2

    $800,000-$849,999 2 60 298

    $850,000-$899,999 1 58 58

    $1,000,000-$1,099,999 1 211 211

    $1,100,000-$1,199,999 1 48 48

    $1,500,000-$1,599,999 1 111 111

    $1,800,000-$1,899,999 1 78 78

    $1,900,000-$1,999,999 1 119 119

    $2,000,000-$2,249,999 1 405 40527

  • The average price for the 21 properties is $918,569 The highest price is $2,000,000 The median price is $723,000 The lowest price is $405,000 The average Market Time is 76 The average Continuous Market Time is 99

    1355 Plaza Pacifica

    28

    5935 Birch St #2

    The average price for the 21 properties is $918,569

    The highest price is $2,000,000

    The median price is $723,000

    The lowest price is $405,000

    The average Market Time is 76

    The average Continuous Market Time is 99

  • Number of Sales

    Median Sales Price

    Condos Entering Escrow

    Number of Listings

    Median List Price

    CONDO STATISTICS

    29

  • 27

    30

    2321 21

    0

    10

    20

    30

    40

    2016 2017 2018 2019 2020 30

  • $562,000 $560,000 $570,000

    $742,161 $723,500

    $0

    $150,000

    $300,000

    $450,000

    $600,000

    $750,000

    $900,000

    2016 2017 2018 2019 202031

  • 26

    31

    3634

    37

    0

    5

    10

    15

    20

    25

    30

    35

    40

    2016 2017 2018 2019 202032

  • 102

    131

    118

    142

    98

    0

    50

    100

    150

    2016 2017 2018 2019 2020 33

  • $667,500

    $737,500

    $589,900

    $729,900 $723,500

    $0

    $200,000

    $400,000

    $600,000

    $800,000

    2016 2017 2018 2019 202034

  • Last Year vs. This YearJanuary

    for CondosDistricts 05-35

    35

  • Total Active Listings2019 ~ 142 2020 ~ 98

    DOWN -31%New Listings2019 ~ 48 2020 ~ 30

    DOWN -38%Median List Price2019 ~ $729,900 2020 ~ $723,500

    DOWN -0.8%

    Properties that went into Escrow2019 ~ 24 2020 ~ 37

    UP +54%36

  • Sold Properties2019 ~ 21 2020 ~ 21

    NO CHANGE Median Sold Price2019 ~ $742,161 2020 ~ $723,500

    DOWN -2.5%Median Sold Price w/o Montecito2019 ~ $742,161 2020 ~ $681,692

    DOWN -8.1%Average Sold Price2019 ~ $879,757 2020 ~ $918,569

    UP +4.4%Average Sold Price w/o Montecito

    2019 ~ $879,757 2020 ~ $809,998DOWN -7.9%

    Sold Volume2019 ~ $18,474,911 2020 ~ $19,289,969

    UP +4.4% 37

  • January 2019 to January 2020Month by Month

    for CondosDistricts 05-35

    38

  • 21

    29

    41

    36

    4339

    45

    2933

    39

    29

    37

    21

    0

    5

    10

    15

    20

    25

    30

    35

    40

    45

    50

    Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan

    39

  • $742,161

    $590,000

    $690,000

    $638,742$650,000$645,000

    $620,000$675,000$670,000$643,500

    $945,000

    $725,000$723,500

    $0

    $200,000

    $400,000

    $600,000

    $800,000

    $1,000,000

    $1,200,000

    Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan

    40

  • 101110

    115108

    98108

    100108

    94

    108

    96 98

    0

    35

    70

    105

    140

    Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan

    41

    Condo Active Listings for the Last 12 Months

  • Perspectivefor Condos2002-2020

    42

  • 3836

    40

    29 2829

    19

    12

    21

    16

    13

    26

    19

    24

    27

    30

    2321 21

    0

    10

    20

    30

    40

    50

    2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

    Number of CO Sales from 05-35YTD ’02 to ‘20

    43

  • $372,000

    $420,500

    $547,450

    $627,000

    $687,000 $662,000

    $589,000

    $478,500

    $375,000 $382,000

    $353,000

    $410,750

    $599,000 $565,000

    $562,000 $560,000 $570,000

    $742,161 $723,500

    $0

    $175,000

    $350,000

    $525,000

    $700,000

    $875,000

    2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

    Median Sales Price of COs from 05-35YTD ‘02 to ‘20

    44

  • Statistics Through January 2020

    All information compiled from theSanta Barbara

    Multiple Listing Service Dataon 2/5/2020

    45

    �Compiled Data from the�Santa Barbara Multiple Listing Service �as of�2/5/2020JANUARY 1 – JANUARY 31Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7HOME ESTATES / PUDSlide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Last Year vs. This Year�JANUARY�for Home Estate/PUDs�Districts 05-35Slide Number 15SOLD Properties�2019 vs. 2020 ~ YTDJanuary 2019 to January 2020�Month by Month�Home Estate/PUDs�Districts 05-35Slide Number 18Slide Number 19Slide Number 20Perspective�for Home Estates�2002-2020Slide Number 22Slide Number 23Slide Number 24Slide Number 25Slide Number 26Slide Number 27Slide Number 28CONDO STATISTICSSlide Number 30Slide Number 31Slide Number 32Slide Number 33Slide Number 34Last Year vs. This Year�January�for Condos�Districts 05-35Slide Number 36SOLD Properties�2018 vs. 2019 ~ YTDJanuary 2019 to January 2020�Month by Month�for Condos�Districts 05-35Slide Number 39Slide Number 40Slide Number 41Perspective�for Condos�2002-2020Slide Number 43Slide Number 44Slide Number 45