For the Santa Barbara Real Estate area West of State St for the first 5 months of ’06 in the Single Family Home market 79 homes closed escrow with a median sold price of $1,065,000 and an average sold price of $1,147,584. 155 homes came on the market with a median asking price of $1,126,000 and an average asking price of $1,193,969. Also for that period 79 properties went into escrow, 14 were withdrawn from the market, 20 listings cancelled, 35 expired and 29 came back on the market. Currently there are 91 homes for sale in the area with a median list price of $1,099,000 and an average list price of $1,202,853.
For the Santa Barbara Real Estate area of West of State St for the first 5 months of ’06 in the Condo market 20 condos closed escrow with a median sold price of $689,000 and an average sold price of $713,570. 80 condos came on the market with a median asking price of $729,000 and an average asking price of $819,058. Also for that period 22 properties went into escrow, 8 were withdrawn from the market, 11 listings cancelled, 16 expired and 9 came back on the market. Currently there are 58 condos for sale in the area with a median list price of $729,000 and an average list price of $840,520.