For the Santa Barbara Real Estate area of East of State St for Single Family Homes there were 20 that closed escrow in the last 30 days with a Median Sales Price of $1,695,000 and an Average Sales Price of $1,878,835. 21 properties came on the market with a Median Asking Price of $1,685,000 and an Average Asking Price of $1,823,428. 25 properties are currently in escrow with a Median Asking Price of $1,299,000 and an Average Asking Price of $1,528,051. Currently there are 94 Single Family Residences for sale in the area.
For the Santa Barbara Real Estate area of East of State St for Condominiums there were 6 that closed escrow in the last 30 days with a Median Sales Price of $925,000 and an Average Sales Price of $1,069,083. 7 properties came on the market with a Median Asking Price of $950,000 and an Average Asking Price of $1,119,214. 5 properties are currently in escrow with a Median Asking Price of $799,500 and an Average Asking Price of $1,233,540. Currently there are 28 Condominiums for sale in the area.
And in more of Santa Barbara Real Estate News…
Three groups calling themselves the Coalition for Sensible Planning, the Citizens Planning Association and the Allied Neighborhood Association has asked the city planners approval of a project proposed for upper State St.
The developer of the project is Barry Berkus and the plan is to put in 55 one-bedroom condos, with 17 of them to be sold at below market rates. The condos would be the now familiar formula of placing them above commercial space. The old “living over the store” concept.
As usual there are neighborhood groups who are appealing the development citing density issues and increased traffic.
The City Council will on the plan in a special meeting on Feb. 28
Posted by gandlwoods at December 22, 2005 08:53 AM