January 05, 2006

Santa Barbara Real Estate Comparison of this Year vs. Last for East of State St Through December 30th ‘05

In the East of State St area of Santa Barbara Real Estate for the Condo Market the number of total listings for ‘05 versus what was on the market last year at this time is up by 62 for a total of 179 properties currently listed and the New Listings that came on this year are up by 59 for a 55% increase. The number of sales is also up by 24 for a 28% increase. With sales up for the area the Average Sales Price continues to rise. Last year at this time it was $702,798 and this year it’s up to $888,658 for an increase of 26%.

In the Single Family Home market for the Santa Barbara Real Estate area of East of State St there are 2 more properties on the market right now as opposed to last year for a total of 555, but there are fewer new listings this year with 482 for last year vs. 474 for this year. The sales are down with 313 this year vs. 342 last year for a -8% decrease. But the Average Sales Price is up $1,278,211 last year to $1,502,733 this year for a 17% increase.

In the Planned Unit Development Market of the Santa Barbara Real Estate area of East of State St there is 1 less property on the market right now as opposed to last year for a total of 6, and there are fewer new listings this year with 7 for last year vs. 5 for this year. The sales just like Condos are down with 2 this year vs. 5 last year for a -60% decrease. But the Average Sales Price is up from $895,000 last year to $1,305,000 this year for a 45% increase.

Posted by gandlwoods at January 5, 2006 07:28 AM