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Santa Barbara County Market Action Report March 2011

By
Real Estate Agent with Sotheby's International Realty

Santa Barbara County Market Action Report March 2011

Some good news!  March property sales were 108, up 17.4% from 92 in March of 2010 and 71.4% higher than the 63 sales last month.  March 2011 sales were at their highest level compared to March of 2010 and 2009.  March YTD sales of 230 are running 1.3% ahead of last year's year-to-date sales of 227.

The Median Sales Price in March was $677,000, down 15.9% from $805,000 in March 2010 and down 19.9% from $845,000 last month.  The Average Sales Price in March was $1,145,805, down 1.4% from $1,161,590 in March of 2010 and up 2.6% from $1,117,283 last month.  March 2011 ASP was at the lowest level compared to March of 2010 and 2009.

The Total Inventory of Properties available for sale as of March was 754, up 2.4% from 736 last month and down 13.6% from 873 in March of last year.  March 2011 Inventory was at its lowest level compared with March of 2010 and 2009.

Please click image at right for full report.

Please contact me with any questions!