Santa Barbara Real Estate

CORT REPORT ~ DECEMBER 2008

South Santa Barbara County
Month Number of Sales Average Sales
Price
Median Sales
Price
Number of Sales over $1
Million
December 2008 106 1,428,384$ 757,500$ 41
December 2007 93 1,263,522$ 800,000$ 34
December 2006 143 1,473,486$ 940,000$ 63
December 2005 156 1,526,282$ 980,000$ 76
December 2004 197 1,252,142$ 859,000$ 66
December 2003 201 1,031,696$ 749,000$ 67

Santa Barbara
Month Number of Sales Average Sales
Price
Median Sales
Price
December 2008 52 976,019$ 812,500$
December 2007 49 1,196,939$ 825,000$
December 2006 66 1,342,962$ 954,750$
December 2005 78 1,381,076$ 1,100,000$
December 2004 94 1,003,042$ 792,000$
December 2003 89 1,076,179$ 825,000$

Goleta
Month Number of Sales Average Sales
Price
Median Sales
Price
December 2008 17 525,588$ 645,000$
December 2007 35 1,124,800$ 759,000$
December 2006 30 736,567$ 722,000$
December 2005 41 1,161,280$ 889,000$
December 2004 49 809,867$ 815,000$
December 2003 53 718,122$ 592,500$

Carpinteria
Month Number of Sales Average Sales
Price
Median Sales
Price
December 2008 19 1,265,323$ 550,000$
December 2007 1 505,000$ 505,000$
December 2006 8 1,473,750$ 910,000$
December 2005 14 961,214$ 674,500$
December 2004 22 1,555,818$ 580,000$
December 2003 22 592,175$ 572,000$

Montecito
Month Number of Sales Average Sales
Price
Median Sales
Price
December 2008 13 4,216,923$ 3,200,000$
December 2007 7 2,584,214$ 2,445,000$
December 2006 26 2,473,173$ 1,975,000$
December 2005 13 2,210,192$ 1,850,000$
December 2004 18 2,897,166$ 2,515,000$
December 2003 30 1,799,839$ 1,550,000$

PLEASE REQUEST EQUITY TITLE FOR ALL YOUR REAL ESTATE TRANSACTIONS
Information provided by CORT, deemed reliable but not guaranteed


CORT REPORT ~ DECEMBER 2008

Isla Vista
Month Number of Sales Average Sales
Price
Median Sales
Price
December 2008 2 1,395,000$ 1,395,000$
December 2007 0
December 2006 6 908,417$ 419,000$
December 2005 0
December 2004 2 1,275,000$ 1,275,000$
December 2003 1 967,500$ 967,500$

Hope Ranch
Month Number of Sales Average Sales
Price
Median Sales
PriceDecember 2008 2 4,547,272$ 4,547,272$
December 2007 0
December 2006 2 3,655,000$ 3,655,000$
December 2005 4 8,234,125$ 3,723,250$
December 2004
December 2003

Summerland
Month Number of Sales Average Sales
Price
Median Sales
Price
December 2008 0
December 2007 1 895,000$ 895,000$
December 2006 3 3,216,667$ 1,350,000$
December 2005 5 1,145,500$ 970,000$
December 2004 10 1,991,300$ 1,597,500$
December 2003 6 923,333$ 885,000$

Unincorporated Area
Month Number of Sales Average Sales
Price
Median Sales
Price
December 2008 1 975,000$ 975,000$
December 2007 0
December 2006 2 736,500$ 736,500$
December 2005 1 1,550,000$ 1,550,000$
December 2004 2 1,931,250$ 1,931,250$
December 2003 0

PLEASE REQUEST EQUITY TITLE FOR ALL YOUR REAL ESTATE TRANSACTIONS
Information provided by CORT, deemed reliable but not guaranteed


CORT REPORT - 2008

South Santa Barbara County
Year Number of Sales Average Sales
Price
Median Sales
Price Number of Sales over $1 Million
2008 1358 1,544,793$ 865,000$ 575
2007 1662 1,806,726$ 1,049,000$ 871
2006 1722 1,657,630$ 1,000,000$ 874
2005 2296 1,608,899$ 1,005,000$ 1175
2004 2508 1,318,349$ 885,000$ 950
2003 2370 1,023,599$ 715,000$ 661

Santa Barbara
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 622 1,103,921$ 860,000$
2007 837 1,360,437$ 1,015,000$
2006 841 1,278,243$ 1,020,000$
2005 1144 1,298,798$ 1,020,000$
2004 1232 1,155,817$ 900,000$
2003 1177 961,339$ 745,000$

Goleta
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 348 951,063$ 674,500$
2007 347 1,037,621$ 825,000$
2006 412 1,059,762$ 856,250$
2005 537 1,269,884$ 880,000$
2004 624 907,474$ 799,000$
2003 601 699,798$ 630,000$

Carpinteria
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 114 1,453,978$ 642,500$
2007 122 1,310,108$ 756,000$
2006 110 1,340,259$ 870,000$
2005 179 1,357,924$ 850,000$
2004 225 1,231,186$ 685,000$
2003 209 773,853$ 565,000$

Montecito
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 203 3,496,402$ 2,675,000$
2007 243 3,835,891$ 2,650,000$
2006 240 3,247,103$ 2,400,000$
2005 285 2,981,493$ 2,224,000$
2004 305 2,725,971$ 2,075,000$
2003 286 2,073,103$ 1,622,500$


CORT REPORT - 2008

Isla Vista
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 18 1,174,750$ 1,010,000$
2007 21 2,325,331$ 1,165,000$
2006 31 4,629,431$ 1,462,500$
2005 30 2,674,950$ 1,185,000$
2004 23 1,865,239$ 799,000$
2003 11 778,772$ 702,000$

Hope Ranch
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 22 3,361,093$ 3,047,273$
2007 36 4,328,202$ 3,047,000$
2006 20 3,317,750$ 3,125,000$
2005 34 5,154,588$ 2,850,000$
2004
2003

Summerland
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 26 3,811,654$ 1,752,500$
2007 46 4,156,870$ 1,863,250$
2006 53 3,530,745$ 1,460,000$
2005 65 2,195,192$ 1,400,000$
2004 73 1,738,287$ 1,060,000$
2003 68 1,311,192$ 914,500$

Unincorporated Area
Year Number of Sales Average Sales
Price
Median Sales
Price
2008 5 2,101,000$ 1,550,000$
2007 10 1,622,100$ 1,550,000$
2006 15 1,272,300$ 1,195,000$
2005 22 1,604,227$ 1,525,000$
2004 26 1,459,826$ 945,000$
2003 18 1,193,500$ 1,132,500$