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West of State Street segment of Santa Barbara Real Estate Days on the Market from 1-1-15 to 5-16-15 compared to the previous year

Submitted by Gary Woods on Wed, 05/27/2015 - 12:30

For West of State St in Santa Barbara Real Estate for Home Estate/PUDs for the period of 1-1-15 to 5-16-15 there have been 88 sales compared to 80 last year. The median sales price fell from $931,850 last year to $870,000 this year but the average sales price has gone up from $1,084,276 last year to $1,167,483 this year. Those 88 sales took on average 45 days to get an accepted offer and when you add in another 44 days of escrow time you get an average total marketing time of 89 days.

For Condominiums on the West Side of Santa Barbara Real Estate for the same time period there have been 39 sales compared to 39 last year but the median sales price has fallen from $625,000 to $610,000. The average sales price has gone up however from $743,993 to $762,307, Those 39 sales took 57 days on average to get an accepted offer and when you add in another 35 days of escrow time you get a total marketing time of 92 days.