From 1-1-15 to 7-10-15 in Santa Barbara Real Estate East of State St for the Home Estate/PUD market there have been 150 sales compared to 145 last year. The median sales price has come up from $1,226,000 last year to $1,265,000 this year while the average sales price went up from $1,394,636 last year to $1,512,046. Those 150 sales took on average 48 days to get an accepted offer and when you add in another 40 days of average escrow time you get a total marketing time of 89 days.
For Condominiums for the same time period in Santa Barbara Real Estate East of State St this year there have been 67 sales this year compared to 45 last year. The median sales price has gone down from $625,000 last year to $610,000 this year and the average sales price has also gone down from $1,058,644 to $1,196,931. Those 67 sales took on average 58 days to get an accepted and when you add in another 35 days of average escrow time you get an average of 93 days of total marketing time.