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East of State St area of Santa Barbara Real Estate Real Estate for 1/1/15 to 6/26/15 and the Gap between Median Sales and Median List Prices

Submitted by Gary Woods on Wed, 07/01/2015 - 12:30

For Santa Barbara Real Estate area East of State St area for the Home Estate/PUD market through 6/26/15 there have been 140 sales compared to last year when there were 134 sales for a 13.4% rise. The median sales price has also gone up from $1,228,000 last year to $1,315,750 this year for a 1.0% rise.

The gap between the median list price of $1.697 million and the median sold price of $1,315,750 gives us a -20.1% gap whereas last year the median list price was also $1,495,000 and when compared to the median sold price of $1,228,000 we get a

-17.5% gap.

On the condo side of the ledger for the East Side of Santa Barbara Real Estate through 6/26/15 there have been 63 sales compared to 29 last year for 117.2% rise but the median sales price has gone down from $710,700 last year to $610,000 this year for a -7.1% fall.

The difference between the median list price of $882,000 and the median sold price of $710,700 gives us a -28.2% gap. Whereas last year the median list price of $882,000 and the median sold price of $710,700 gave us a -19.4% gap.