For Santa Barbara Real Estate for 05 in East of State St there have been 256 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 58 days. The Average Days to Close which means the time the property was in Escrow was 39 days. This means that from start to finish was a total of 97 days. The Median Sold price for those properties was $1,310,000 and the Average Sold price was $1,431,848.
For Santa Barbara Real Estate for 05 in East of State there have been 88 Condos Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 37 days. The Average Days to Close which means the time the property was in Escrow was 40 days. This means that from start to finish was a total of 77 days. The Median Sold price for those properties was $731,600 and the Average Sold price was $877,861.
And in more of Santa Barbara Real Estate News
As we mentioned a few days ago the Montecito Water District was considering leveling the water rates for everybody. Well, guess what??? They did it. This means about 5 percent of the district customers will have their rates about doubled by 2010.
The vote was unanimous to increase the rates of all customers, except the commercial accounts, by 5 percent. They also agreed to raise monthly services changes by 6 percent for everybody.