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Santa Barbara East Side Days on the market for 1-1-15 to 5-16-15 compared to the previous year

Submitted by Gary Woods on Tue, 05/26/2015 - 12:30

From 1-1-15 to 5-16-15 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 109 sales compared to 95 last year. The median sales price has come up from $1,230,000 last year to $1,388,000 this year while the average sales price went up from $1,411,094 last year to $1,597,933. Those 109 sales took on average 50 days to get an accepted offer and when you add in another 41 days of average escrow time you get a total marketing time of 91 days.

For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 48 sales this year compared to 31 last year. The median sales price has gone down from $710,000 last year to $587,500 this year and the average sales price has also gone down from $865,216 to $787,062. Those 22 sales took on average 63 days to get an accepted and when you add in another 36 days of average escrow time you get an average of 99 days of total marketing time.